clone firm FCA warning
July 14, 2017 BY Valentina Kirilova

FCA warns against AXA IM Asia clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm AXA IM Asia. 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…

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Regulation
July 14, 2017 BY Valentina Kirilova

CSA cautions industry about false and misleading registration applications

The Canadian Securities Administrators (CSA) has today published CSA Staff Notice 33-320 The Requirement for True and Complete Applications for Registration to caution firms and individuals about the potential consequences of submitting false or misleading applications for registration. Each year, CSA staff receive many applications for registration that omit relevant information or contain information that…

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OptionRally license suspended CySEC
July 13, 2017 BY LeapRate Staff

Binary Options broker OptionRally has its license suspended by CySEC

Cyprus financial regulator CySEC has announced the suspension of the CIF license granted to Binary Options broker Optionrally Financial Services Ltd. The reasons given by CySEC involve issues involving protection of clients’ funds, the company's own funds, and the company's capital adequacy ratio. CySEC has given OptionRally one week to take actions in order to comply. In the interim,…

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Vela buys Object Trading
July 13, 2017 BY LeapRate Staff

Vela to acquire DMA platform provider Object Trading

Vela Trading Technologies LLC, which provides high performance trading, market data, and analytics technology, has announced that it has signed a definitive agreement to acquire Object Trading, a global provider of a fully-managed Direct Market Access (DMA) platform, pre-trade risk controls, and analytics applications. This is the second acquisition for Vela in just a few…

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July 13, 2017 BY Valentina Kirilova

Tradeview Markets hire Kem Chong as Head of Asia

Tradeview Markets, a foreign exchange brokerage and wholly owned trading subsidiary of Tradeview LTD, just announced its most recent executive hire, Mr. Kem Chong who will join the Tradeview team as ‘Head of Asia’. Mr Chong will be focusing on the company's continued expansion into the Asia region and adding a tremendous amount of experience to their…

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NSD and Interfax launch Single Disclosure Window product
July 13, 2017 BY Valentina Kirilova

NSD settles first transactions using Instruction Prioritization and Linked Transactions

National Settlement Depository (NSD), Russia’s central securities depository, announced that has successfully settled the first transactions using its two new services – Linked Transactions and Instruction Prioritization. ATON and Alfa-Capital Management Company have become the first companies to use these services. Both services were launched in spring 2017, and are intended to facilitate more efficient…

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July 13, 2017 BY Valentina Kirilova

NEPI Rockcastle lists on Euronext Amsterdam

NEPI Rockcastle (ticker symbol: NRP), one of the largest real estate companies in Continental Europe, began trading today on Euronext Amsterdam. At opening, based on a reference price of € 11.33 per share, the total market capitalisation of NEPI Rockcastle was approximately € 6.1 billion. NEPI Rockcastle is the company created through the merger of…

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