ASIC calls on preparers to focus on financial report quality and new requirements LeapRate

December 08, 2017 BY Valentina Kirilova

ASIC calls on preparers to focus on financial report quality and new requirements

ASIC has called on companies to focus on giving information for users of financial reports that is useful and meaningful, and to address the impact of major new accounting requirements. Announcing its focus areas for year-ending 31 December 2017 financial reports of listed entities and other entities of public interest with many stakeholders, ASIC highlighted…

December 08, 2017 BY Valentina Kirilova

SET average derivatives trading rose 26.3% YoY in November volumes report

The Stock Exchange of Thailand (SET) just released its November volumes report and the SET Index gained 10 percent from the end of last year to 1,697.39 points at the end of November, but dropped 1.4 percent from the end of October. Thailand Futures Exchange (TFEX) average derivatives trading volume was 352,292 contracts per day,…

December 08, 2017 BY Valentina Kirilova

FCA warns against Herald Investment Trusts clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Herald Investment Trusts. 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…

December 08, 2017 BY Valentina Kirilova

Thomson Reuters launches I/B/E/S Point in Time

New solution helps reduce forward-looking and survivorship bias in the buy-side community Thomson Reuters (NYSE:TRI) has further strengthened its solutions portfolio for quantitative analysis with the launch of I/B/E/S Point in Time (Point in Time), which offers the buy-side another powerful tool for financial backtesting and historical analysis. Point in Time is built on the…

December 08, 2017 BY Valentina Kirilova

TP ICAP appoints Morgan Stanley's Michael C Heaney as Non-Executive Director

TP ICAP plc (LON:TCAP) has announced the appointment of Michael C Heaney as an independent Non-Executive Director. This follows the decision by the Board, as outlined in the 2016 Annual Report, to recruit a new Non‐Executive Director from the Americas. Heaney, an American national based in New York, has extensive experience of North America in…

December 08, 2017 BY LeapRate Staff

Exclusive: ETX Capital promotes Arman Tahmassebi to CEO

LeapRate Exclusive... LeapRate has learned that London based FX and CFDs broker ETX Capital has stayed internal to replace its recently departed longtime CEO Andrew Edwards, promoting COO Arman Tahmassebi to the CEO position at the company. As was exclusively reported at LeapRate at the beginning of November, Andrew Edwards surprised a lot of people…

French AMF warns against unauthorized companies proposing atypical investments

December 08, 2017 BY Valentina Kirilova

AMF publishes a new stocktaking of practices in the collective investment industry

Since publishing its first SRI report in 2015, the Autorité des Marchés Financiers (AMF) has noted an improvement in investor disclosures and is issuing new recommendations. The regulator has also prepared a first assessment of application by management companies of the Energy Transition for Green Growth Act. After conducting a first review in 2015 of…

December 08, 2017 BY LeapRate Staff

Saxo Bank has best month of 2017 in November, multi asset trading volumes top $388 billion

Continuing a very strong month of November we have seen at some of the world’s leading FX and CFD brokers, Copenhagen based multi asset broker Saxo Bank has released figures indicating that November was indeed its best month of the year so far, with the most trading activity seen since November 2016, the month of the…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

December 08, 2017 BY Valentina Kirilova

SEC charges broker with defrauding investors

The Securities and Exchange Commission (SEC) informed that it has charged a registered representative in Pennsylvania with operating a long-running offering and investment advisory fraud. The SEC’s complaint, filed in federal court in Philadelphia, alleges that Paul W. Smith raised approximately $2.35 million from approximately 30 investors – many of whom were his brokerage customers…

BIS announces key appointments in Singapore and Switzerland

December 08, 2017 BY Valentina Kirilova

Daniel Michael named Chief of SEC Enforcement Division’s Complex Financial Instruments Unit

The Securities and Exchange Commission (SEC) announced that Daniel Michael has been named chief of the Enforcement Division’s Complex Financial Instruments Unit. In his new role, Mr. Michael will lead a specialized unit of attorneys and industry experts who are located in offices across the country and investigate potential misconduct related to complex financial products…