LeapRate Exclusive... Further to our exclusive report last week about a number of pending changes at CySEC and FCA regulated retail forex broker FxPro, especially in the UK, LeapRate has learned that the company has gone live today with its new spread betting platform, FxPro Edge. Visitors with a UK IP address going to the…
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KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of May 2017. In Market Making, KCG averaged $27.7 billion volume traded (up 5% from April's $26,343 billion), 8.7 billion shares traded, and 3.4 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 202.7 million U.S. equity…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Pointfinance Limited. 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 to…
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The Stock Exchange of Hong Kong Limited announced that has placed Mayer Holdings Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 13 December 2017), the Company's listing will be cancelled. The MMT has also sanctioned Mayer Holdings Limited for late…
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The European Securities and Markets Authority (ESMA) has issued today its most recent iteration of its Risk Dashboard, covering risks in the EU’s securities markets for 1Q2017. ESMA’s overall risk assessment remains unchanged from 4Q16 at high levels. In 1Q17, EU financial markets remained relatively calm with stable volatility and increasing equity market prices. EU…
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The European Commission is proposing targeted reforms to further improve the financial stability of the European Union. Central counterparties (CCPs) from the EU are already well regulated and equipped to deal with financial distress, thanks to a raft of measures adopted in the wake of the financial crisis. However, further reforms to ensure a more…
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Solactive AG announced it has entered for the first time the Asia-Pacific region with a new index in the fixed-income space, the Solactive Australian Bank Senior Floating Rate Bond Index, aimed to be tracked by the BetaShares Australian Bank Senior Floating Rate Bond ETF (ASX: QPON). The index targets the largest and most liquid floating…
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LeapRate Exclusive... FCA licensed spread betting, Forex and CFD brokers have seen an increasing amount of competition lately, mainly from foreign brokers who come to the UK to get "FCA regulated". These brokers do so in the hopes of landing a foothold in the very lucrative UK market, still the world's highest value market in…
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BNY Mellon Corp (NYSE:BK), investment management and investment services company, announced that Rohan Singh has been appointed Asia Pacific Head of Asset Servicing, effective June 27, and will report to Samir Pandiri, Executive Vice President of BNY Mellon and Chief Executive Officer of Asset Servicing. Singh will join the firm's Asia Pacific Leadership Council and…
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Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act. Mr Honey admitted to being an information insider advising and encouraging another person to trade, New Zealand's Financial Markets Authority…
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