Optiver supports Equiduct in offering brokers best execution for equities and ETFs LeapRate

December 20, 2017 BY Valentina Kirilova

Optiver supports Equiduct in offering brokers best execution for equities and ETFs

Optiver, a global market maker, just announced that it has entered into an agreement with trading venue Equiduct, offering brokers a simple, one-stop-shop solution to achieve best execution for their European equity and ETF order flow. Under the agreement Optiver commits to provide continuous liquidity in thousands of European stocks and ETFs on Equiduct against…

December 20, 2017 BY Valentina Kirilova

FCA response to ESMA's public statement on LEIs

ESMA issued a public statement this morning to support the smooth introduction of the Legal Entity Identifier (LEI) requirements for MiFID II implementation. This statement outlines temporary measures in respect of LEI for clients that are legal persons, and LEI for issuers. FCA's complete response to ESMA's statement can be seen below: The FCA recognises the…

December 20, 2017 BY Valentina Kirilova

France's AMF adds Edge Capital Fund to its Forex Black List

The Autorité des marchés financiers (AMF) and the ACPR have published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the new website recently identified: www.edgecapitalfunds.com / EDGE CAPITAL FUND A list of all unauthorized websites to offer investments…

December 20, 2017 BY Valentina Kirilova

Clearstream sees successful year 2017

In 2017, the post-trade industry has seen a major infrastructure evolution. With completion of the European Central Bank’s TARGET2-Securities (T2S) project and preparations for the Central Securities Depositories Regulation (CSD-R), some fundamental changes have been kicked off in the European post-trade market. 2017 was about reshaping and harmonizing Europe’s fragmented post-trade landscape to create a…

ESMA ceases renewal of product intervention CFDs measures

December 20, 2017 BY Valentina Kirilova

ESMA issues statement on LEI implementation under MIFID II

The European Securities and Markets Authority (ESMA) has issued today a statement to support the smooth implementation of Legal Entity Identifiers (LEI) requirements under the Markets in Financial Instruments Regulation (MiFIR). MiFIR obliges EU investment firms to identify their clients that are legal persons with LEIs for the purpose of MiFID II transaction reporting. Trading…

December 20, 2017 BY Valentina Kirilova

Hong Kong SFC publicly censures individual for breaching the Takeovers Code

The Hong Kong Securities and Futures Commission (SFC) has publicly censured Zhang Qiang for acquiring shares within six months after the close of an offer at above the offer price in breach of Rule 31.3 of the Takeovers Code (the Rule prohibits an offerer and its concert parties from buying shares at prices higher than…

Secondary market for tZERO security tokens is live

December 20, 2017 BY Valentina Kirilova

Overstock.com blockchain subsidiary tZERO security token sale launches

Overstock.com (NASDAQ: OSTK) subsidiary tZERO’s token sale opened for subscription on December 18, and attracted overwhelming cryptocurrency and traditional institutional interest. Over $100 million USD in commitments from investors were received in the first 12 hours. In just weeks since announcing the first-of-its-kind preferred equity security token, over 10,000 subscribers have registered for accreditation verification…

TraducationFX launches trading signals algorithm

December 20, 2017 BY LeapRate Staff

How to Identify “Noise” on Charts

The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, Markets are not perfect. There are times when you simply can't make any money because the market won't let you do it. The world of Forex & CFD trading has always been a battlefield. Traders often fight…

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

December 20, 2017 BY Valentina Kirilova

Marc P. Berger named Director of SEC New York Regional Office

The Securities and Exchange Commission (SEC) announced that Marc P. Berger has been named Director of the New York Regional Office. He will join the agency in January 2018. Mr. Berger is presently global co-head of Ropes & Gray LLP’s Securities and Futures Enforcement Practice. Before joining Ropes & Gray, Mr. Berger spent 12 years…

December 20, 2017 BY Valentina Kirilova

SIX Exchange Regulation reprimands Bellevue Group AG

SIX Exchange Regulation announced that it has reprimanded Bellevue Group AG for several errors in its 2016 annual financial statements. Bellevue Group AG is sanctioned for the incorrect recognition of the foreign currency translation, the inadequate liquidity risk disclosures as well as the insufficient fair value disclosures with regard to a liability from a contingent…