UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Pension Services. Pension Services is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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The following article was written by Adinah Brown, content manager at Leverate. In the 1970s and 80s, Eurobonds was the focus of discussion for wily investors jumping on the latest financial bandwagon. Today, it’s cryptocurrencies. Any investor worth their salt cannot failed to pick up on the buzz surrounding this new technology and the rush to…
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The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a series of fines totaling €595,000 on Bank of Cyprus Public Company (the “Company”) and ten of its former directors - including its former Chief Financial Officer (together, the “directors”) - for individual and collective failings to make adequate provision for doubtful debts…
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Another leg down lies ahead for the USD, but positive momentum is likely to build afterward.
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Exegy Inc., a provider of managed services and technology for low-latency financial market data, announced that it has hired Karl Dundon as a global FX Product Manager, reporting directly to chief technology officer David Taylor. In this role, Mr. Dundon is responsible for leading the ideation, technical development, and launch of new Exegy real-time data…
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Six Swiss Exchange announced that trading activity has risen sharply in the year to date compared with the same period of 2016. Highlights include: Trading turnover in the year to date: CHF 1,245.1 billion (+6.3% YoY) Number of trades 47,453,956 (+8.4% YoY) All-time record annual ETF turnover achieved in 2016 already broken in November 2017…
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LeapRate Exclusive… LeapRate has learned that the FCA regulated arm of China based online brokerage group Formax Group has gone live with a new website and FX-ECN brokerage service under the moniker Formax Prime, at formaxprime.co.uk. Formax's former UK website formaxmarket.co.uk now also leads directly to the new site. We had exclusively reported during the summer…
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Dalian Commodity Exchange (DCE) informed that it has launched 24 commodity futures indexes, and so far DCE has published a total of 36 indexes of the commodity futures. According to the sources, the newly launched 24 indexes are all the single commodity indexes, including the 2 series: the price indexes of single commodity futures and…
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CLS Group (CLS), a market infrastructure delivering settlement, processing and data solutions, today announced that Absa Bank Limited (Absa), the South African based bank owned by Barclays Africa Group (JSE:BGA), has joined as a settlement member. Absa joins 66 other leading banks in becoming a settlement member in CLSSettlement, the payment-versus-payment settlement service for the global foreign…
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Exchange holding company Cboe Global Markets, Inc. (Nasdaq: CBOE) has said that trading volume in options on the Cboe Volatility Index® (VIX®) reached a new all-time high on Friday, December 1. In VIX options at Cboe Options Exchange, a reported 3.1 million contracts traded on Friday, far surpassing the previous single-day record of 2.6 million…
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