Neufund presents a public offering of equity on the blockchain
July 19, 2018 BY Valentina Kirilova

Neufund partners with Malta Stock Exchange and Binance

Neufund, a Berlin-based Blockchain protocol for securities’ tokenization and issuance has announced its collaboration with MSX, an innovation vehicle of the Malta Stock Exchange (MSE), and a partnership with Binance, one of the biggest cryptocurrency exchanges globally. The aim of both ventures is to create a regulated and decentralized, global stock exchange for listing and…

Read more
July 19, 2018 BY Valentina Kirilova

Temenos Advisory's CEO charged with misleading retail investors

The Securities and Exchange Commission (SEC) announced that it has charged a Connecticut-based investment advisory firm and its chief executive officer with putting $19 million of investor money, including elderly investors’ retirement savings and pension plans, in risky investments and secretly pocketing hefty commissions from those investments. The SEC’s complaint alleges that Temenos Advisory Inc.…

Read more
playtech offices
July 19, 2018 BY LeapRate Staff

Exclusive: Fidelity sells down Playtech stake to below 5% after earnings miss

LeapRate Exclusive... LeapRate has learned via regulatory filings that Boston based investment management giant Fidelity Investments, through its FMR LLC subsidiary, has recently sold down some of its stake in online gaming and financial trading provider Playtech PLC (LON:PTEC). Fidelity was one of Playtech's largest shareholders with a 5.06% interest in the company, worth about £82…

Read more
FCA regulation
July 19, 2018 BY LeapRate Staff

FCA approach to Brexit: temporary passports and cliff edge risks

However, the FCA noted that there is no reciprocal “TPR” arrangement from the EU, for UK firms looking to continue doing business with EEA clients. How might this temporary permissions regime look? What else is concerning the FCA at this stage, less than nine months before a Hard Brexit might take hold? The full text of Nausicaa…

Read more
CLS Group trading volumes
July 19, 2018 BY Valentina Kirilova

CLS reports record traded volumes in H1 2018

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of June 2018. The average daily traded volume submitted to CLS was USD1.899 trillion up 5.9 percent from USD1.793 trillion in May 2018.     Average daily traded volume submitted to…

Read more
New hedge fund Albar Capital chooses FlexTrade’s FlexNOW for equities and futures
July 19, 2018 BY Valentina Kirilova

New hedge fund Albar Capital chooses FlexTrade’s FlexNOW for equities and futures

Multi-asset execution and order management systems company FlexTrade has just announced that Albar Capital Ltd., a new hedge fund led by Javier Velazquez (formerly of Millennium Capital Partners LLP), is now trading equities and futures using FlexNOW, FlexTrade’s new execution management system. The FlexNOW team was instrumental in solving several of our problems,” said Jason Ruder,…

Read more
AcadiaSoft launches sensitivities calculation services
July 19, 2018 BY Valentina Kirilova

AcadiaSoft names Lee McCormack Head of Collateral Product Management

AcadiaSoft Inc. has announced the appointment of Lee McCormack as Head of Collateral Product Management and Professional Services. He will be responsible for extending AcadiaSoft's CollateralManager service to new customers and further expanding its capabilities for buy-side firms. We are thrilled to have Lee on board to lead our collateral product management team," said Scott…

Read more
asic ban
July 19, 2018 BY Valentina Kirilova

ASIC suspends AFS license of SMSF financial adviser

Australian regulator ASIC announced that it has banned Queensland financial adviser James Cribb from providing financial services for four years and suspended his Australian financial services (AFS) license, held by Mode AFSL Pty Ltd (Mode), for 10 weeks. ASIC found that Mr Cribb failed to act in his clients' best interests when providing advice on…

Read more