SafeCharge returns Tsach Einav to CFO role, replacing Tim Mickley LeapRate

June 29, 2017 BY Valentina Kirilova

SafeCharge returns Tsach Einav to CFO role, replacing Tim Mickley

Payments technology provider SafeCharge (LON:SCH) just announced that Tsach Einav has been appointed as Group Chief Financial Officer effective from 1 September 2017, replacing Tim Mickley, and Board member effective immediately. Einav, aged 43, joined SafeCharge in 2006 as Chief Financial Officer and has played a key role in SafeCharge's corporate development as well as…

June 29, 2017 BY Valentina Kirilova

Malaysia and Australia seal agreement on fintech cooperation

On 27 June 2017 the Malaysia Securities Commission (SC) and ASIC signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy. Malaysia is a vibrant fintech destination. In 2015, Malaysia became the first Asia Pacific nation to regulate for equity crowdfunding. High levels of digital adoption…

June 29, 2017 BY Valentina Kirilova

Hong Kong SFC consults on new OFC Rules and OFC Code

The Securities and Futures Commission (SFC) announced that has launched a two-month consultation on the detailed legal and regulatory requirements applicable to the new open-ended fund company (OFC) structure. The OFC structure will enable investment funds to be established in corporate form in Hong Kong, in addition to the current unit trust form. The consultation…

June 28, 2017 BY LeapRate Staff

Marbury Advisors Inc and Tracy Lee Thomas hit with $4.4 million fine for fraudulently soliciting customers

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Loretta C. Biggs of the U.S. District Court for the Middle District of North Carolina entered an Order of Final Judgment by Default against Defendants Tracy Lee Thomas (a/k/a Treyton L. Thomas, a/k/a Trayton L. Thomas, a/k/a Trey Thomas, a/k/a Tray Thomas, a/k/a T.L. Thomas), formerly…

June 28, 2017 BY LeapRate Staff

NEX Optimisation’s triReduce compression service hits quadrillion dollar milestone in notional principal eliminated

London based NEX Group PLC (LON:NXG), formerly ICAP plc, has announced that participants in its NEX Optimisation unit, which helps clients reduce complexity and optimise resources across the transaction lifecycle, have eliminated over $1 quadrillion ($1,000 trillion) in OTC derivative notional principal using its triReduce compression service, since first introduced in 2003. triReduce is a…

June 28, 2017 BY admin

FCM Advantage Futures appoints Carlos Rodriguez as CFO

High-volume futures broker Advantage Futures announced today the appointment of financial exchange industry veteran Carlos Rodriguez as Chief Financial Officer. Mr. Rodriguez brings over two decades of industry experience to Advantage. Mr. Rodriguez will oversee all accounting and treasury functions at the firm, reporting directly to CEO Joe Guinan. Prior to Advantage, Mr. Rodriguez worked for…

June 28, 2017 BY LeapRate Staff

Saxo Bank shuts Turkey FX operations, closes Istanbul office

Copenhagen based multi asset broker Saxo Bank has announced that it has decided to end operations through its Turkish subsidiary, Saxo Capital Markets Menkul Değerler A/Ş, to reduce complexity in the organization and bolster relationships with strong partners in Turkey. The company's office in Istanbul will be shut down. Saxo Bank had opened its Istanbul…

June 28, 2017 BY Valentina Kirilova

ESMA updates co-legislators on MIFID II implementation

The European Securities and Markets Authority (ESMA) shared that has sent a letter to the European Parliament, Commission and Council updating them on the implementation of ESMA’s IT projects regarding the Markets in Financial Instruments Directive (MiFID II). ESMA will deliver a specific IT infrastructure for the implementation of MiFID II on 3 January 2018.…

June 28, 2017 BY Valentina Kirilova

Hong Kong SFC welcomes new CEPA agreements

The Hong Kong Securities and Futures Commission (SFC) announced that has welcomed the Investment Agreement and Agreement on Economic and Technical Cooperation under the framework of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) signed in Hong Kong today. The initiatives under the latest agreements will facilitate promotion and protection of investments between…

June 28, 2017 BY Valentina Kirilova

FCA warns against AIG Options / CMC Options 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 AIG Options / CMC Options. AIG Options / CMC Options is not authorised by the FCA but has been targeting people in the UK and is also…