SIX has announced that since 11 June 2018, Entris Banking AG has been using the regulated trading platform of SIX Repo Ltd for its repo transactions. This new partnership means that Entris Banking AG can also offer its own clients, the Swiss regional banks, access to the repo market. With its repo market for Swiss…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that US based investment banking giant Morgan Stanley (NYSE:MS) has cut its long-held position in FCA regulated CFD broker Plus500 Ltd (LON:PLUS) from 6% to under 3%. Morgan Stanley has been a long-term shareholder in Plus500, with its position in the company hovering at around 6% for…
Read moreThe Shenzhen Stock Exchange (SZSE) has informed that the 9th tranche of China Railway Construction Bond (the Railway Bond) shall be listed and traded both in the interbank market and stock exchanges. Successfully issued on June 6, the Railway Bond shall be listed in SZSE on June 11. The bond was offered with a 5-year…
Read moreThe Financial Services Commission, Mauritius (FSC) and the Central Bank of the Russian Federation (Bank of Russia) have announced that they have entered into a Memorandum of Understanding (MoU) on 08th of June 2018. The MoU was signed by Mr Harvesh Seegolam, Chief Executive of the FSC and Ms Ksenia Yudaeva, First Deputy Governor of…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that FxPro UK Limited, the FCA regulated arm of global Retail FX broker FxPro, saw a healthy increase in activity in 2017. FxPro UK grew its Revenue base by 36% in 2017 to £4.4 million (USD $5.9 million), up from £3.2 million in 2016. The company turned in a…
Read moreAustralian regulator ASIC announced that it has today finalised and published benchmarks rules, a significant benchmarks declaration, and a regulatory guide in a further series of measures towards establishing a comprehensive regulatory regime for financial benchmarks. This follows the establishment of a robust licensing regime for financial benchmarks through the recent passage of legislation through…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) and Tokyo Commodity Exchange (TOCOM) have announced that they have today signed a Memorandum of Understanding (MOU) to further promote their cooperation through information exchanges, staff exchanges, product development and joint promotion. HKEX Chief Executive Charles Li said: The signing of the MOU marks the start of a…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Efforex. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to scam…
Read moreCboe Global Markets, Inc. (Nasdaq: CBOE) has reported highlights from May 2018 for Cboe Europe Equities, including record average daily notional value (ADNV) traded for its block trading platform, Cboe LIS, as well as its Periodic Auctions book. The proportion of activity on the Cboe Periodic Auctions book that is a result of broker priority…
Read moreThe UK Financial Conduct Authority (FCA) has just informed that His Honour Judge Grieve QC sitting at the Central Criminal Court has increased the value of a confiscation order made against Benjamin Wilson, a convicted fraudster, from 1 to 31,905.33, . The increased order must be paid within 28 days or Mr Wilson will face…
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