ASIC has released its latest report outlining decisions on relief applications, highlighting ASIC’s efforts to reduce red-tape and achieve a practical, positive outcome for companies seeking some regulatory flexibility. The granting of relief which has a net regulatory benefit, or which facilitates business or cuts red tape without harming stakeholders, is an important part of…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw its Revenues tumble by 47% in Fiscal 2017 (year ended March 31, 2017) to just £496,000, down from £928,000 last year. Hirose UK also reported a net loss…
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Axioma, a global provider of innovative risk and portfolio management solutions, today announced a new partnership with Omega Point, a portfolio intelligence tool for fundamental-style managers. Through this licensing agreement, Omega Point clients can now access Axioma’s suite of factor models via their existing workflow. This will enable closer alignment of modelling assumptions and risk…
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Effective today, Clearstream, together with Euroclear Bank, announced that offers improved settlement activity on the Bridge. Customers can enjoy a much faster turnaround for Bridge settlement and extended timeframes in which to carry out their trades for all Bridge-eligible securities, thanks to improved interopability between the two international central securities depositories. Bridge enhancement customer benefits…
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The Cyprus Securities and Exchange Commission (CySEC) just informed investors with regards to binary options operator Airfinance Pro Ltd (the Company), that: The Company was authorised by CySEC for the provision of investment services in financial instruments (License Number: 206/13) The Company renounced its authorization on 9 November 2016 but has not yet informed CySEC…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Blackrock Asset Management. 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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wematch.securitiesfinancing, the global multi-product and multi-asset-class, web-based securities financing dealing platform and Pirum Systems, real-time STP services to the securities finance industry company, just announced their collaboration. This will enable clients to leverage wematch.securitiesfinancing expertise in electronic trading, combined with Pirum Systems' seamless connectivity to automate the post-trade lifecycle. Clients will be able to execute…
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Retail Forex broker Alpari Limited announced that has reached a trading turnover of US$101.4 billion across key markets; an increase of 6% on the previous month. In May, the biggest growth in turnover was seen on the EURUSD instrument, which showed 17% higher turnover than in April. Last month Alpari Limited announced that is expanding…
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Multi-asset electronic trading solutions provider smartTrade Technologies has announced today that London based institutional FX and derivatives broker Sucden Financial has implemented LiquidityFX, smartTrade’s fully hosted FX solution. We understand that the smartTrade LiquidityFX solution is being put in place by Sucden alongside its currently existing solutions. Sucden Financial acts as an FX liquidity provider to…
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Custody business for European ETFs grew by 25% over past 12 months / Vestima platform simplifies complex cross-border transactions for ETF issuers Exchange-traded funds (ETFs) have been highly successful with investors in recent years. Clearstream’s latest monthly report testifies to the buoyant demand for these passively managed, flexible and extremely versatile instruments, which are meeting…
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