Current market environment allows favorable refinancing Deutsche Börse AG just announced that it has successfully placed a corporate bond on the market in an amount of EUR 600 million. The bond is divided into units of EUR 1,000 and has a term of ten years and a coupon of 1.125 percent annually. The bond will…
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Belize financial regulator IFSC has issued a Warning Notice regarding a company called Zenith Loan Company. 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 of the IFSC…
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The U.S. Securities and Exchange Commission (SEC) today announced that Electronic Transaction Clearing (ETC), a registered broker-dealer headquartered in Los Angeles, has agreed to settle charges that it illegally placed more than $25 million of customers’ securities at risk in order to fund its own operations. Among other things, the SEC found that ETC violated the…
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The U.S. Securities and Exchange Commission (SEC) today announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. In total - more than $88 million paid out by the SEC. The previous high was a $30 million award in 2014. Jane…
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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 Gainmax Capital Limited. Gainmax Capital Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Dow Jones Risk & Compliance, a provider of anti-money laundering, anti-corruption and sanctions compliance data solutions, announced that it has completed the acquisition of Cerico from the law firm Pinsent Masons and Campbell Nash, a consultancy owned by technologist James Armstrong. Cerico provides end-to-end Know Your Business Partner technology and digital compliance tools for international…
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Information giant Thomson Reuters (NYSE:TRI) announced that it is adding further foreign exchange (FX) pricing granularity for customers trading Australian Dollars (AUD) vs. U.S. Dollars (USD), creating greater accuracy in price quotes in AUD/USD on Thomson Reuters Spot Matching and across Thomson Reuters FX platforms. The change on Thomson Reuters Spot Matching will add an…
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Nordea Bank AB has just announced that it has started automated trading on Moscow Exchange (MOEX)’s FX Market via Sponsored Market Access (SMA). The SMA technology allows registered clients to trade directly on Moscow Exchange using a client ID received from a Russian MOEX trading member. In Nordea’s case the trading member is Nordea Bank…
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LeapRate Exclusive... LeapRate has learned that Forex broker technology and solutions provider Leverate has hired Yaara Rozenblat as its new Head of Marketing. She replaces Nicc Lewis, who recently left Leverate to start his own online marketing consulting firm. She will formally take up her duties at Leverate next week. Yaara Rozenblat has spent the past…
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London based FCA licensed FX broker City Credit Capital has today announced a new agreement with Argentina Clearing and ROFEX. Rosario Futures Exchange was founded in 1909 and is the leading market of futures and options in Argentina. According to the 2017 annual raking from the Futures Industry Association (FIA) ROFEX is positioned in 23rd…
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