LeapRate has learned that the new legislation to ban the operation of binary options brokerages in Israel will (finally) make it to Israel's parliament, the Knesset, for a formal first reading next Monday, June 26. Israel's parliament requires three readings of a bill before it can become law, with a formal Knesset vote usually taking…
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LeapRate has learned that longtime Saxo Bank executive Emmanouil Lemonakis has left the company to join corporate payment systems provider iBanFirst. Mr. Lemonakis had been with Saxo Bank for more than 10 years. Since 2014 he was based in Cyprus and was responsible for Saxo Bank's operations in the Central Europe and MENA regions, focused on private…
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The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order filing and simultaneously settling charges against Respondents McVean Trading & Investments, LLC (MTI), a Memphis-based Futures Commission Merchant (FCM), its Chairman and CEO, Charles Dow McVean, Sr. (McVean, pictured above), and President, Michael J. Wharton (Wharton), and long-time MTI consultant Samuel C. Gilmore (Gilmore).…
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The European Securities and Markets Authority (ESMA) today has launched a process to renew the composition of its Consultative Working Group (CWG) of the ESMA Post-Trading Standing Committee (PTSC). ESMA is therefore calling for expressions of interest from stakeholders to become a member of the CWG by 31 July 2017. The purpose of these groups…
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Share subscription of Noratis AG has started today and is expected to last until 27 June, Deutsche Börse announced earlier today. The portfolio developer of real estate plans its listing in the Frankfurt Stock Exchange’s Scale segment on 30 June. According to information provided by the company, the Noratis AG is a portfolio developer of…
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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 Capital Markets Banc. Capital Markets Banc is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Cürex Group, an institutional foreign exchange execution services and data analytics company, announced today the roll-out of microsecond timestamp confirmations for their clients’ trading activity. This capability underscores Cürex’s mission to support the best execution standards required under MiFID II, which will take effect in January 2018. In addition to the precision delivered to…
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The Autorité des Marchés Financiers (AMF) is conducting a public consultation on changes to its General Regulation and policy on investment services provider requirements regarding knowledge and competence assessments. The consultation will end on 20 July 2017. As part of its implementation of ESMA guidelines on the assessment of knowledge and competence ahead of the…
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Moscow Exchange announced it has completed dividend payments for 2016. The total sum paid was RUB 17.5 billion, representing 69.4% of 2016 consolidated net profit under International Financial Reporting Standards (IFRS). The dividend was RUB 7.68 per ordinary share. A total of RUB 13.9 billion was paid out to minority shareholders via the nominee holder…
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Cloud Solution aims to cover full MiFID II workflow Eze Software, a global provider of investment technology, just announced that is rolling out a new cloud-based commission management platform designed to help the buy-side manage MiFID II requirements. Building on Eze Software’s extensive experience in commission management, the MiFID II-focused solution is designed to handle…
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