FCA fines Interactive Brokers (UK) Ltd £1,049,412 for poor market abuse controls LeapRate

January 25, 2018 BY Valentina Kirilova

FCA fines Interactive Brokers (UK) Ltd £1,049,412 for poor market abuse controls

The Financial Conduct Authority (FCA) informed that it has today imposed a financial penalty on Interactive Brokers (UK) (IBUK) in the amount of £1,049,412 for failings in its post-trade systems and controls for identifying and reporting suspicious transactions in the period February 2014 to February 2015 (“the Relevant Period”). IBUK is an online broker based…

If Russia ends its ‘Love-Hate’ of cryptos, can it be the ‘King of Blockchain’?

January 25, 2018 BY Valentina Kirilova

Russia’s Ministry of Finance to regulate cryptocurrency transactions

Russia’s finance ministry shared information on its official website that it is working on legislation that would regulate cryptocurrency transactions without fully banning them, although it would not let digital FX be used as a payment in Russia. The draft law is said that will also regulate issues related to public raising of funds, cryptocurrencies…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

January 25, 2018 BY Valentina Kirilova

SFC to disqualify former chairman of Pearl Oriental Oil Limited for six years

The Hong Kong Securities and Futures Commission (SFC) has obtained an order in the High Court to disqualify Mr Fan Di, former chairman, president and executive director of Pearl Oriental Oil Ltd (Pearl Oriental) for defalcation, misfeasance and other misconduct towards the company. The Honourable Mr Justice Godfrey Lam granted the order to disqualify Fan…

Kyber Network opens to become the VISA for cryptocurrency

January 25, 2018 BY Valentina Kirilova

GMEX launches Fusion - integrating centralised and blockchain technologies

In response to changing global market drivers and technical innovation, GMEX Technologies Ltd (GMEX), a provider of multi-asset exchange and post-trade business and technology solutions announced GMEX Fusion, a unique integrated centralised and distributed solution set. GMEX Fusion combines the established GMEX centralised technology– currently live in multiple exchanges and post trade venues, such as…

Broadridge presents new securities lending assessment solution for mutual funds

January 25, 2018 BY Valentina Kirilova

Broadridge launches multi-market aggregation and execution tool for Repo markets

Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the launch of its new Repo Order Quote (ROQ) solution, a multi-market aggregation and execution tool for repo markets. The solution is now in use with a major European bank. ROQ allows repo traders to view liquidity and pricing across multiple electronic marketplaces. The system enables traders to…

January 25, 2018 BY Valentina Kirilova

Alpari’s trading turnover exceeds 1.3 trillion USD in 2017, 29% up YoY

The international financial Alpari brand just informed that its trading turnover in 2017 exceeded 1.3 trillion USD, marking a 29% increase on 2016. This was largely a result of growth in trader and investor activity, high volatility on currency markets, improvements to our product line, the development of investment and technological services, and improvements to…

January 25, 2018 BY LeapRate Staff

CMC Markets reports less active clients, but higher revenue-per-client in Q3-2018

London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) has issued a trading update for its fiscal 2018 third quarter, covering the period from October to December 2017. CMC has a March 31 fiscal year end. Overall, CMC reported mixed results, with fewer active clients but a healthy rise in revenue per client…

January 25, 2018 BY Valentina Kirilova

Canadian regulator BCSC warns against forex broker Aidan Trading

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated forex company, named Aidan Trading, operating from website www.aidantrading.com. Aidan Trading claims to provide an online trading platform for forex, forex options, commodities and contracts for difference. BCSC informed that it has recently became aware of Aidan Trading…

January 24, 2018 BY Mariela Naydenova

John McAfee slams Indian banks for the cryptocurrency market fall, stays confident in Bitcoin

Not only South Korea and China are looking for ways to ban cryptos. India has joined them in what now seems a "worldwide" effort to control the heat that the market enjoys and especially the huge market cap that cryptos saw a month ago - $750 billion. John McAfee, one of the world's most famous…

January 24, 2018 BY Mariela Naydenova

The crypto market sees a fresh $50 billion increase in market cap as Neo and Stellar flourish

On Wednesday, 24th January, the crypto market saw an increase in its market cap of almost $50 billion as cryptocurrencies such as Neo, Ripple and Stellar enjoyed steady price increases. The digital currency market experienced one of its roughest periods in December and January, when the market cap dropped from what was $750 billion to…