Canadian online broker downtime blamed on manic marijuana stock trading LeapRate

January 05, 2018 BY Valentina Kirilova

Canadian online broker downtime blamed on manic marijuana stock trading

Traders using at least two major online discount brokerage platforms are complaining of sporadic outages and expressing frustration that the latest glitch has tied their hands amidst a broad plunge in marijuana stocks, Financial Post reported earlier today. Clients of TD Bank’s WebBroker and Royal Bank’s RBC Direct Investing platforms have again taken to social…

January 05, 2018 BY Valentina Kirilova

JPMorgan Chase announces adjustments to warrant Exercise Price and Warrant Share Number

JPMorgan Chase & Co. (NYSE: JPM) announced today that in accordance with the terms of the outstanding warrants to purchase common stock of JPMorgan Chase (NYSE: JPM/WS), the warrant Exercise Price will be reduced to $41.764 per share from $41.834 per share, and the Warrant Share Number will be increased to 1.02 from 1.01, effective…

Qatar Stock Exchange launches its annual IR Excellence Program

January 05, 2018 BY Valentina Kirilova

QFMA approves not to suspend stock trading on AGM days

Qatar Stock Exchange (QSE) has reminded investors of the recent QFMA mechanism approved by Qatar Financial Markets Authority (QFMA) with regards the mechanism to not suspend trading of the shares of the companies listed on QSE on AGM days as of January 1st, 2018. The QFMA approval included a set of procedures to be followed…

January 05, 2018 BY Valentina Kirilova

FCA warns against Binary Escrow clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Binary Escrow. 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…

January 05, 2018 BY Valentina Kirilova

OCC assesses $70 million civil money penalty against Citibank

The Office of the Comptroller of the Currency (OCC) announced that it has recently assessed a $70 million civil money penalty against Citibank, N.A., for failing to comply with the agency’s 2012 consent order related to Bank Secrecy Act (BSA) and anti-money laundering (AML) deficiencies. In its 2012 order, the OCC cited the bank for…

January 05, 2018 BY Valentina Kirilova

Cboe Global Markets reports annual trading volume, several records set in 2017

Exchange holding company Cboe Global Markets, Inc. (Nasdaq: CBOE) has just reported its December and full-year 2017 trading statistics. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain December and full-year 2017 statistics. Annual Trading Records Set in 2017 Several trading records were set for the…

January 04, 2018 BY Mariela Naydenova

Ripple's co-founder may soon be the world's richest person

While everyone was talking about Bitcoin a month ago and its price skyrocketed to meteoric levels, now, investors' eyes are turning to Ripple (XRP). The cryptocurrency has grown to around $4.00, while it was around 20 cents just two months ago. Such an increase has shifted the focus from Bitcoin to Ripple, especially after Ripple…

January 04, 2018 BY LeapRate Staff

Managing Risk with Cryptos

The following article was written by Alex Nekritin, Managing Director of liquidity and technology consulting company Nekstream Global. Parabolic growth of Bitcoin With bitcoin experiencing parabolic growth, managing risk for brokers is becoming more and more challenging. Most clients are buying and holding while the underlying is pretty much going straight up in price. Not…

January 04, 2018 BY Valentina Kirilova

FCA warns against Escrow Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Escrow Ltd. 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…

January 04, 2018 BY LeapRate Staff

Saudi Arabia 2018 Budget Sees Non-Oil Economy Expanding

The following article was written by Reem Aboul Hosn, Research and Market Analyst Officer at CFI Markets Ltd. On January 1, 2018 Saudi Arabia, the United Arab Emirates and the remaining GCC countries introduced Value Added Tax at a standard rate of 5% on most goods and services, to boost alternative revenue after oil prices…