ASIC reports on decisions to cut red tape LeapRate

December 06, 2017 BY Valentina Kirilova

ASIC reports on decisions to cut red tape

ASIC has released its latest report outlining decisions on relief applications, highlighting ASIC’s efforts to reduce red-tape and achieve a practical, positive outcome for companies seeking some regulatory flexibility. These reports aim to provide transparency about our decision making and to better inform businesses about the circumstances in which we grant relief. Report 556 Overview…

December 06, 2017 BY LeapRate Staff

ADS Securities issues warning regarding Zayed Coin

Abu Dhabi based international financial services firm ADS Securities has issued a warning that it is not affiliated, connected, or associated in any way with a company trading under, amongst other names, Zayed Coin. ADS stated that Zayed Coin, without permission, has used images of ADS Securities and referenced links between the organisations. There are…

December 06, 2017 BY LeapRate Staff

Poland regulator KNF issues criteria for FX broker dividend payments in 2018

Polish financial supervision authority commission Komisja Nadzoru Finansowego (KNF) issued directives yesterday to the country's brokerage houses regarding dividend policy. The KNF recommended that the dividend in 2018 should only be paid by brokerage houses which meet the following criteria in aggregate: A. dividend in the amount not higher than 75% of the net profit for…

December 06, 2017 BY Valentina Kirilova

Bitcoin: Big change or loose change?

The following post is courtesy of Lilian Chovin, Investment Strategist at Coutts. Bitcoin was all over the place this week – and not just in the media. It reached an all-time high by breaking through the $11,000 mark but then fell by 20%. Its sharp rise brought back memories of the dotcom bubble back at…

December 06, 2017 BY LeapRate Staff

Saxo Bank hires Robert Hjorth to newly established position as Head of Strategy

Copenhagen based multi asset broker Saxo Bank has announced that it has hired Robert Hjorth to take up a newly established position as Head of Strategy, effective from March 1, 2018. In the new role, Robert Hjorth will be driving the strategy planning process and execution to ensure efficient strategy prioritisation and execution across the…

December 06, 2017 BY Valentina Kirilova

ASIC permanently bans directors of Found Financial for dishonest and deceptive conduct

The Australian Securities and Investments Commission (ASIC) announced that it has permanently banned Matthew Manson Wallis and Rochelle Roanna Manoharan from providing financial services. Mr Wallis and Ms Manoharan are directors of Found Financial Services Pty Ltd (Found Financial), which is a former Corporate Authorised Representative of RI Advice Group Pty Ltd (RI Advice). ASIC…

December 06, 2017 BY Valentina Kirilova

EEX total volume in November down 35% YoY

In November 2017, the European Energy Exchange (EEX) achieved a total volume of 276.6 TWh on its power derivatives markets (November 2016: 423.2 TWh). The November volume comprised 163.8 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC). For the…

December 06, 2017 BY Valentina Kirilova

Cboe LIS sets another monthly record, Matt Beales joins Cboe Europe

Cboe Global Markets, Inc. (Nasdaq: CBOE) today announced that Matt Beales has joined the Cboe Europe Sales team to oversee sales efforts for Cboe LIS, the company’s fast-growing block trading platform. Cboe LIS, powered by BIDS technology, set another monthly record with more than €3.3 billion traded in November. Mr. Beales, who will serve as…

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December 06, 2017 BY LeapRate Staff

MiFID 2: Are you a High Frequency Trader?

The following article was written by Richard Perona, VP of Institutional FX at Advanced Markets. As January 3, 2018 approaches, FX industry participants are busy reading through the new financial laws of “Markets in Financial Instruments Directive” (MiFID 2) in an attempt to understand how these will affect them going forward. Originally, MiFID was created…

December 06, 2017 BY Valentina Kirilova

Thomson Reuters еxpands its Connected Risk platform with Model Risk Management solution

Building on its commitment to deliver a suite of next-generation governance, risk and compliance (GRC) solutions to assist the global financial and corporate communities, Thomson Reuters (NYSE:TRI) announced that it has expanded further its Connected Risk platform to include a Model Risk Management (MRM) solution, allowing institutions to demonstrate a real-time understanding of their model…