November 09, 2017 BY Valentina Kirilova

NEX Regulatory Reporting to become an SFTR trade repository

NEX Regulatory Reporting, a NEX Group (LON:NXG) business which provides regulatory reporting services across global regulatory regimes, announced today its intention to apply to become a trade repository for the Securities Financing Transactions Regulation (SFTR) and launch a dedicated reporting solution, pending the issuance of the final technical standards from ESMA. NEX Regulatory Reporting will…

Read more
New BIS report cites “internalization” by large banks for 7% volume drop
November 09, 2017 BY LeapRate Staff

Leverate launches EMIR / MiFID II regulatory consulting service Regyoul8

Continuing its metamorphosis from turnkey brokerage solutions provider to an FX point solutions company, Leverate has announced the launch of a new Cyprus-based regulatory consulting and services operation, called Regyoul8. This of course follows our exclusive coverage from earlier this week of Leverate entering into a cooperation agreement with (former?) FX platform rival MetaQuotes, to…

Read more
fca warning
November 09, 2017 BY Valentina Kirilova

FCA warns against Home Owner Loans Online firm

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 Home Owner Loans Online. Home Owner Loans Online is not authorised by the FCA but has been targeting people in the UK and is also carrying…

Read more
UN report says North Korea laundered $2 billion theft via Hong Kong firm
November 09, 2017 BY Valentina Kirilova

Operators of binary options trading boiler room convicted and sentenced

Following an ASIC investigation, Jana Jaros and Jackson Laurence Malcolm Capper were convicted and sentenced for operating a financial services business without a licence and lodging false documents to ASIC containing false or misleading material. Each defendant pleaded guilty in the Southport Magistrates' Court. Ms Jaros was sentenced to three months' imprisonment, to be released…

Read more
KVB Kunlun office
November 09, 2017 BY LeapRate Staff

Record revenues in Q3 for Hong Kong FX broker KVB Kunlun

Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has released its third quarter financial report, with the company seeing record Revenues and significantly improved profitability so far in the second half of the year. In Q3, KVB Kunlun reported total Revenues of HK$181.5 million (USD $23 million), up 38% from Q2's HK$131.5 million.…

Read more
Gain Capital forex.com
November 08, 2017 BY LeapRate Staff

GAIN Capital hires former IG Group executive Alastair Hine as COO

FX brokerage group Gain Capital Holdings Inc (NYSE: GCAP) has announced that Alastair Hine was appointed Chief Operating Officer effective November 6, 2017. Mr. Hine will be based in GAIN Capital's London office and report directly to Chief Executive Officer, Glenn Stevens. Alastair Hine joins GAIN Capital from IG Group Holdings plc (LON:IGG), where he spent the last 18 years in senior leadership…

Read more