December 06, 2017 BY Valentina Kirilova

Martin Adams joins CloudMargin as Head of Client Operations

CloudMargin, the creator of the world's first web-based collateral and margin management solution, announced that Martin Adams has joined the firm's senior leadership team as Head of Client Operations. Adams is a 26-year veteran of derivatives operations, with extensive experience in over-the-counter (OTC) and listed derivatives, as well as fixed income and foreign exchange (FX)…

Read more
December 06, 2017 BY Valentina Kirilova

EEX and EQS Group agree on cooperation

The European Energy Exchange (EEX), the European energy exchange, and EQS Group, an international technology provider for investor relations, corporate communications, and compliance, will support future participants in the CO2 market with their reporting obligations pursuant to the EU Market Abuse Regulation (MAR). As of January 3, 2018, the provisions of the Market Abuse Regulation…

Read more
ASIC office
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…

Read more
ADS Securities management
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…

Read more
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…

Read more
cryptocurrency bitcoin asset class
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…

Read more
asic bans
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…

Read more
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…

Read more