ULLINK targets Mexico with support for new BIVA Exchange LeapRate

September 29, 2017 BY Valentina Kirilova

ULLINK targets Mexico with support for new BIVA Exchange

ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, announced today that it has completed development and successful order routing tests for a new market access gateway to the Bolsa Institucional de Valores (BIVA) in Mexico. The new gateway provides ULLINK customers with electronic access to trade all the securities…

September 29, 2017 BY LeapRate Staff

Moscow Exchange names Maxim Lapin as CFO

The Supervisory Board of Moscow Exchange at a meeting on 28 September 2017 confirmed Maxim Lapin as a Member of the Executive Board and Chief Financial Officer of the company. Before joining Moscow Exchange Maxim Lapin was a member of the Management Board and Business Development Director at steelmaker MMK. Before MMK he was Director…

Marex Spectron launches Marex Financial Products structured note business

September 29, 2017 BY LeapRate Staff

Marex Spectron ups working capital facility to $115 million as Barclays increases commitment

Global commodities broker Marex Spectron has announced that it has increased the size of its working capital facility from $105 million to $115 million, with the Barclay’s Bank unit of Barclays PLC (ADR) (NYSE:BCS) increasing the size of its commitment from $15 million to $25 million. Alongside Barclays Bank, the other participants in the facility are…

September 29, 2017 BY Valentina Kirilova

Former Director of Magnum Corporation Bhd charged for insider trading

The High Court yesterday declared that Securities Commission Malaysia (SC) had successfully proven an insider trading case against Lim Chiew, a former independent director of Magnum Corporation Bhd. In the suit which was filed in 2005, SC claimed that Lim Chiew had breached section 89E (2) of the Securities Industry Act 1983 when he acquired…

September 29, 2017 BY Valentina Kirilova

FCA warns against Myfinance 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 Myfinance. Myfinance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

September 29, 2017 BY Valentina Kirilova

Andrew Bailey, Chief Executive of the FCA: Free trade in financial services matters

Andrew Bailey, Chief Executive of the FCA gave a speech today at the Official Monetary and Financial Institutions Forum. Below is the speech as drafted and may differ from the delivered version: Highlights We can learn lessons by putting the issues around Brexit into a historical context. Common regulatory standards are a necessary condition for…

September 29, 2017 BY Valentina Kirilova

HKEX criticises China Environmental Energy Investment Ltd for breaching the Listing Rules

The China Environmental Energy Investment Ltd's failure to comply with the announcement, circular and prior shareholders' approval requirements of the HKEX Listing Rules has deprived the investors of their right to the timely receipt of information in relation to the Company's major transactions, and for shareholders, their right to vote on those transactions before they…

Stax Inc. teams up with Coleman Research

September 29, 2017 BY Valentina Kirilova

Thomson Reuters Anti-Money Laundering Insights Report reveals a very real fear of noncompliance

Cyber-enabled crime, shifting economic sanctions’ targets and new data-reporting demands have created radical upheaval in the U.S. anti-money laundering (AML) regime. Thomson Reuters (NYSE:TRI) recently surveyed 438 AML compliance leaders connected with the Association of Certified Anti-Money Laundering Specialists (ACAMS) to gain an understanding of how U.S. financial institutions are addressing the regulatory disruption. The…

September 29, 2017 BY Valentina Kirilova

CFTC fines Morgan Stanley & Co. LLC. $500,000 for supervision failures

The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Morgan Stanley & Co. LLC (MSCO) (NYSE:MS), a Delaware limited liability company headquartered in New York City, for failing to diligently supervise the reconciliation of exchange and clearing fees with the amounts it ultimately charged customers for certain transactions…

September 29, 2017 BY Valentina Kirilova

Hong Kong SFC announces launch of SFC Regulatory Sandbox

The Hong Kong Securities and Futures Commission (SFC) today issued a circular announcing the launch of the SFC Regulatory Sandbox to provide a confined regulatory environment for qualified firms to conduct regulated activities utilising financial technologies (Fintech). The sandbox aims to enable qualified firms, through close dialogue with and supervision by the SFC, to identify…