The Monetary Authority of Singapore (MAS) announced that it has taken civil penalty action against Mr Tarek Abdel Tawab Mohamed Abdel Bary (Tarek Bary) for insider trading in the shares of CSE Global Limited (CSE Global). Tarek Bary has admitted to contravening section 218(2)(a) of the SFA, and will pay MAS a civil penalty of…
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An ASIC report on the cyber resilience of over 100 firms operating across Australia's financial markets has shown a growing understanding of cyber risks, but there is still some progress to be made. Report 555 Cyber resilience of firms in Australia’s financial markets collates and analyses the results of self-assessments from over 100 stockbrokers, investment…
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TP ICAP plc (LON:TCAP) announced that it has just acquired Coex Partners Limited, an independent agency broker. Coex has offices in London, Paris and New York. It was founded in 2014 and has 55 brokers. The company provides trade and execution services in listed derivatives and OTC foreign exchange to hedge funds, assets managers and…
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Token Report, the database of verified information on ICOs, announced today its merger with Blockchain News, the industry publication on blockchain and cryptocurrency news. Although combined, each business will continue operations independent of one another: Token Report will remain a subscription-based information network, providing financial data on each ICO, while Blockchain News will remain an…
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Regulatory filings made with US securities authorities indicate that three original senior members of FXCM's management team - Drew Niv, David Sakhai and Eduard Yusupov - have begun to convert their "units" into regular Class A common shares of Global Brokerage Inc (NASDAQ:GLBR). Longtime FXCM CEO Mr. Niv and several other members of senior management were issued non-publicly…
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New Zealand based retail forex broker Fullerton Markets has announced that it has successfully secured three Trademarks with the New Zealand Intellectual Property Office. After receiving the Certificates of Registration signed by the Commissioner of Trademarks Ross van der Schyff, Chairman of Fullerton Markets Gerald Carter commented, We are delighted to receive the final approval…
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Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List offshore CFDs and Binary Options broker uTrader, operating from en.utrader.com. uTrader claims to be an online Contracts For Difference (CFDs), Forex and options trading platform provider. Day Dream Investments Ltd., which claims to be located in the Republic of the…
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Bitcoin’s soaring popularity has left Betway pricing up a list of possible acceptors with McDonald’s a warm order at 1/2. US giant Walmart looks nailed on to accept Bitcoin by the end of next year at 1/5, as does British Airways at 1/3 according to the leading online bookmaker. Retail favourite Argos is also short in…
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Germany financial regulator BaFin has issued a new set of guidelines for brokers offering CFD trading to retail clients in the country. LeapRate readers will recall that BaFin instituted its negative balance protection rule for all CFDs offered to retail traders in Germany effective this past August. However BaFin stated now that it still needed…
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The very acquisitive financial markets operator Euronext NV (EPA:ENX) has announced the acquisition of 100% of The Irish Stock Exchange plc (“ISE”), for €137 million. ISE is Ireland’s incumbent stock exchange operator and a leading global debt and fund listing venue. ISE is currently owned by five Irish financial institutions, J&E Davy, Goodbody Stockbrokers, Investec Capital &…
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