FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has reported its operating metrics for the month of October 2017. Institutional FX volumes were down 10% MoM in October – from $279.0 billion to $250.4 billion. Forex.com retail FX trading volumes were down slightly, 5% MoM, to $192.5 billion, in what appears to have been a…
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The Cyprus Securities and Exchange Commission (CySEC) announced that, on 6th November 2017, the CIF Dragon Options Ltd (‘the Company’) has renounced its authorisation, pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 223/14 lapsed as from…
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The Department of Justice today announced that on November 9, the Madoff Victim Fund (MVF) began its initial distribution of $772.5 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme. These funds will be sent to 24,631 victims across the globe. This distribution…
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The Board of Directors of Swiss stock exchange operator SIX Group announced strategic and organizational changes so as to strengthen the competitiveness of SIX and the Swiss financial centre in a changing business environment. SIX will focus on infrastructure services for its shareholders and the financial centre in securities, payments services and financial information. SIX will…
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Cboe Global Markets, Inc. (Nasdaq: CBOE), one of the world’s largest exchange holding companies, today welcomed a new iShares fund to the Cboe ETF Marketplace. The iShares U.S. Dividend and Buyback ETF (Cboe: DIVB) seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM (the “Underlying Index”). The Underlying Index is…
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Multi-asset brokerage Blackwell Global informed that its Hong Kong CEO Gary Cheung was inaugurated on 2 November 2017 as the 20th Chairman of the Hong Kong Securities Association (HKSA) at the association’s 38th anniversary dinner. Mr. Cheung’s appointment will last for two years, from November 2017 to October 2019. He has taken over this role…
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The Financial Conduct Authority (FCA) has today announced that Capita Financial Managers Limited (CFM) has been publicly censured and will pay up to £66 million to those investors who suffered loss as a result of investing in the Guaranteed Low Risk Income Fund, Series 1 (or as it became later known, the Connaught Income Fund,…
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LeapRate Exclusive… LeapRate has learned that Russia-focused brokerage ITI Group, which earlier this year bought control of FCA regulated broker Walbrook Capital, has named gaming and technology expert John Barker as Non Executive Chairman, also adding Mr. Barker to the board of Walbrook. John Barker was Managing Director and Head of International at institutional dark pool…
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The Securities and Exchange Commission (SEC) announced the formation and first members of its Fixed Income Market Structure Advisory Committee. The committee, whose initial focus will be on the corporate bond and municipal securities markets, will provide advice to the Commission on the efficiency and resiliency of these markets and identify opportunities for regulatory improvements.…
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Tokyo Financial Exchange (TFX) just announced that its FX Daily Futures Click 365 and Equity Index Daily Futures Click Kabu 365 are recognized by the Financial Supervisory Commission of Taiwan (FSC) as "eligible foreign futures" for Taiwanese investors. This recognition enables Taiwanese investors to trade "Click 365" and "Click Kabu 365". TFX informed that will…
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