Saxo Bank office
March 29, 2018 BY Valentina Kirilova

Saxo Bank on ESMA’s leverage restrictions: 'fair and proportionate'

Following IG Group Holdings plc (LON:IGG) and Plus500 Ltd (LON:PLUS)'s recent reactions, Copenhagen based multi asset broker Saxo Bank has also spoken, 'strongly' welcoming ESMA’s leverage restrictions. The measures include caps on leverage which Saxo Bank considers fair and proportionate. Saxo Bank expects these measures to be positive for clients and result in a more level…

Read more
CME Group completes acquisition of NEX Group
March 29, 2018 BY LeapRate Staff

CME Group buying rival markets operator NEX for £3.9 billion

After confirming that preliminary talks were indeed going on behind the scenes about two weeks ago, cross-ocean rival electronic market operators CME Group Inc (NASDAQ:CME) and London listed NEX Group PLC (LON:NXG) have announced that CME will be buying NEX in a £3.9 billion (USD $5.4 billion) cash and shares deal. The proposed transaction has been…

Read more
March 29, 2018 BY Valentina Kirilova

CME Group acquires NEX Group plc

Derivatives marketplace CME Group (NASDAQ:CME) and NEX Group plc (LON:NXG) have just announced that they have reached an agreement in which CME Group will acquire NEX in a transaction valued at £10 per share, consisting of 500 pence in cash and 0.0444 CME Group shares (based on CME’s closing share price of US$158.84 on March…

Read more
March 29, 2018 BY Valentina Kirilova

Aegis Capital Corporation fails to file Suspicious Activity Reports

The U.S. Securities and Exchange Commission (SEC) announced that Aegis Capital Corporation, a New York-based brokerage firm, has admitted that it failed to file Suspicious Activity Reports (SARs) on numerous suspicious transactions. Broker-dealers are required to file SARs for certain transactions suspected to involve fraudulent activity or have no business or apparent lawful purpose. The…

Read more
cmc markets offices
March 29, 2018 BY LeapRate Staff

CMC Markets reports strong Q4 but fewer active clients in 2018

As we have seen throughout most of the past year from it, FCA regulated online CFD brokerage house CMC Markets Institutional (LON:CMCX) has issued something of a mixed-message Trading Update leading up to the close of its current fiscal year on March 31, 2018. CMC stated that its "strong year to date performance" was been maintained…

Read more
warning
March 28, 2018 BY Valentina Kirilova

French AMF warns against the activities of unauthorised websites

The Autorité des Marchés Financiers (AMF) has published a list of new unauthorized websites offering atypical investments. Here is the list of new websites recently identified: https://www.investissement.strategie-business.com/ https://uniondelor.fr/ https://www.101-carats.com/ https://www.brookfield99.com/ A list of all unauthorized websites to offer atypical investments is available in the AMF’s website and Assurance Banque Épargne Info Service – ABE IS's website. These…

Read more
The hidden index turnover costs: Solactive research
March 28, 2018 BY Valentina Kirilova

The hidden index turnover costs: Solactive research

Solactive AG has just published a new research paper analyzing the additional cost paid by investors in order to passively track a benchmark. The selection of an index as a benchmark has been tied to the cheap cost to reference it; however, in this research paper, Solactive AG quantifies the additional turnover costs that investors…

Read more