INTL FCStone’s GPD joins the SWIFT global payments innovation initiative LeapRate

June 07, 2017 BY Valentina Kirilova

INTL FCStone's GPD joins the SWIFT global payments innovation initiative

INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division (GPD) has joined the SWIFT global payments innovation (gpi) initiative. SWIFT gpi is a partnership of more than 110 global banks, which bring together their expertise in an effort to solve those issues currently impacting global payments, and…

June 07, 2017 BY FxPro

Downward Revised Inflation Ahead of ECB Weighs on EUR/USD

The European Central Bank’s (ECB) rate decision and press conference is scheduled at 12:45 and 13:30 BST respectively on Thursday, June 8th. Earlier today, Bloomberg unexpectedly reported that the ECB will cut its inflation forecast at tomorrow’s meeting due to falling energy prices. The annual inflation forecasts announced in March foresaw rates of 1.7%, 1.6%…

June 07, 2017 BY Valentina Kirilova

AFEX appoints Wayne Mitchell as General Manager for EMEA

AFEX, a non-bank providers of global payment and risk management solutions, has appointed Wayne Mitchell as General Manager EMEA. Mitchell’s appointment comes as AFEX extends its product set and local presence across Europe to support its growing client base of businesses and individuals. At the end of 2015, AFEX launched AFEX Offshore, its service for…

June 07, 2017 BY Valentina Kirilova

ESMA responds to Commission consultation on Fintech

The European Securities and Markets Authority (ESMA) has sent today its response to the European Commission consultation paper on “Fintech: a more competitive and innovative financial sector”, welcoming the initiative to take a stock-take of the EU’s Fintech industry. ESMA sees Fintech as a positive evolution overall as long as business models aim at improving…

June 07, 2017 BY Valentina Kirilova

ASIC cancels AFS licence of Investment Advisers Alliance Pty Limited

ASIC announced that has cancelled the Australian financial services (AFS) licence of Sydney based company Investment Advisers Alliance Pty Limited (AFS 237902) for failing to lodge its financial statements and auditor's reports for four consecutive years. ASIC Deputy Chairman Peter Kell said: The annual lodgement of financial statements and auditor's reports is an important part…

June 07, 2017 BY LeapRate Staff

Risks to the AUDUSD’s rise

The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The Reserve Bank of Australia (RBA) maintained its cash rate target at 1.50% as widely expected by analysts. The policy decision triggered little enthusiasm both in the hawkish and the dovish camp. Mixed policy…

AFM imposes an order for incremental penalty payments on Miscanthus Green Power B.V.

June 07, 2017 BY Valentina Kirilova

AFM suspends trading in Pastor Participaciones Preferentes

The Dutch Authority for the Financial Markets (AFM) just announced that it has given an instruction to suspend trading in Pastor Participaciones Preferentes. Financial instrument: Bond ISIN code: XS0225590362 Reason for suspension: Other disorderly trading conditions Requested by operator of regulated market? No The instruction has been given on 7 june 2017 and is coming into force…

June 07, 2017 BY Valentina Kirilova

Strong demand for financial underlyings at Eurex, turnover up 26% in May

May saw strong demand for the Eurex suite of interest rate and equity derivatives. Overall, turnover rose 26% to 163 Million Euro at Europe’s largest derivatives exchange, which is part of Deutsche Börse Group. Market participants strongly relied on equity derivatives (+36%) to hedge their exposures on European markets, while turnover in Eurex‘s fixed income…

June 07, 2017 BY Valentina Kirilova

FCA warns against Ridge Capital Markets 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 Ridge Capital Markets. Ridge Capital Markets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

June 07, 2017 BY FxPro

All Eyes on the Upcoming General Election

The market-focused UK general election date is tomorrow, Thursday, June 8th. The left-wing Labour party’s manifesto includes cancellations of university tuition, free school meals, increasing government spending on social benefits, nationalising and capping fares of train companies, water utilities and energy utilities. In general, the Conservatives lead Labour across all ages, apart from the 18…