Valutrades website
July 13, 2018 BY LeapRate Staff

Exclusive: Valutrades raises $2 million from shareholders to support growth

LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Retail and Institutional FX and CFD brokerage Valutrades Limited has raised £1.4 million (USD $1.9 million) in additional capital from its controlling shareholders Anil Bahirwani and Mohandas Lakhiani. Valutrades was originally set up about six years ago as the FCA-regulated UK business of Anil…

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Hong Kong SFC
July 13, 2018 BY Valentina Kirilova

SFC standardises rules for prescribing professional investors

The Hong Kong Securities and Futures Commission (SFC) announced that amendments to the Securities and Futures (Professional Investor) Rules (PI Rules) have come into operation today. The categories of professional investors have been expanded to include holding companies which wholly own another corporation which is itself a qualified professional investor. Directors of holding companies should…

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Generation Z, the next wave of banking customers, fearful of cyber fraud
July 13, 2018 BY Valentina Kirilova

Ontario millennials face significant obstacles to investing

A new study from the Ontario Securities Commission (OSC) offers insights on barriers to investing for Ontario millennials and how stakeholders can develop and refine products, programs and services that respond to millennials’ needs. Our research findings indicate many Ontario millennials are feeling overwhelmed by investing and don’t know where to start,” said Tyler Fleming,…

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ISDA publishes consultation on benchmark fallbacks
July 13, 2018 BY Valentina Kirilova

ISDA publishes consultation on benchmark fallbacks

The International Swaps and Derivatives Association, Inc. (ISDA) has announced that it has launched a market-wide consultation on technical issues related to new benchmark fallbacks for derivatives contracts that reference certain interbank offered rates (IBORs). The consultation sets out options for adjustments that would apply to the fallback rate in the event an IBOR is…

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July 13, 2018 BY LeapRate Staff

SafeCharge reports good momentum in revenues driven by new customer wins in 1H-2018

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has issued a brief trading update for the first half of 2018, indicating "good momentum in revenues" and transaction processing volumes in H1, driven by new customer wins. Following the first quarter of 2018, SafeCharge stated that the company generated record revenues and transaction processing volumes…

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Belize regulator IFSC warning
July 13, 2018 BY Valentina Kirilova

Belize regulator IFSC warns against Sigma market

Belize financial regulator IFSC has issued a Warning Notice regarding a company called Sigma market, operating via website www.sigma-market.com. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule…

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FCA warning
July 13, 2018 BY Valentina Kirilova

FCA warns against Spot2Trade Ltd firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Spot2Trade Ltd. Spot2Trade Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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July 12, 2018 BY Mariela Naydenova

Ronaldinho Soccer Coin - "World Cup" trending

It's the World Cup season this summer. While multiple companies, individuals from all walks of life have launched their own cryptocurrencies for different purposes, it's now time for some of the world's most famous footballers to get in on the crypto game. One such example is Ronaldinho Gaucho, a former Brazilian professional footballer, is launching…

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Marex Spectron launches Marex Financial Products structured note business
July 12, 2018 BY LeapRate Staff

Marex Spectron gets investment grade BBB credit rating from S&P

Global commodities broker Marex Spectron has announced that it has received a group credit profile rating from S&P Global of ‘bbb’. This credit assessment reflects S&P’s view of Marex Spectron’s strong market position in Metals, Agricultural and Energy with solid capitalization, robust liquidity and limited risk appetite, according to the company. The stable outlook follows…

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