FCA warns against Arkwright Property Management / Arkwright Property Development firm LeapRate

May 19, 2017 BY Valentina Kirilova

FCA warns against Arkwright Property Management / Arkwright Property Development 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 Arkwright Property Management / Arkwright Property Development. Arkwright Property Management / Arkwright Property Development is not authorised by the FCA but has been targeting people in…

May 19, 2017 BY FxPro

EUR/USD Bulls Approach Major Resistance at 1.1200

EUR/USD has remained bullish and rallied notably around 2.7% since May 15, helped by the recent slump in the USD. EUR/USD saw a correction on May 18, as a result of the rebound of USD. Friday morning, during early European session, EUR/USD rallies again and approaches the significant psychological resistance level at 1.1200. Currently, the…

May 19, 2017 BY Valentina Kirilova

OTC Markets Group welcomes Forbes Energy Services to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Forbes Energy Services Ltd. (OTCQX: FLSS), an independent oilfield services contractor, has qualified to trade on the OTCQX® Best Market. Forbes Energy Services upgraded to OTCQX from the Pink® market. Forbes Energy Services begins trading today on…

May 19, 2017 BY LeapRate Staff

SafeCharge reports solid Q1 growth, driven by new customer wins

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) reported a Trading Update, indicating what it called solid growth in Q1-2017 over Q1-2016, and key customer wins to date in the first half of 2017. That should bode well for first half results, especially since the first half of 2016 was better at SafeCharge…

May 19, 2017 BY Valentina Kirilova

HKEX welcomes Government re-appointments to HKEX's Risk Management Committee

Hong Kong Exchanges and Clearing Limited (HKEX) announced the Government's reappointments of Lawrence Lam Yuk Kun and Barbara Shiu as members of HKEX's Risk Management Committee (statutory) (RMC). The reappointments were made under the Securities and Futures Ordinance. They are for a term of two years with effect from 1 July 2017. From 1 July…

May 19, 2017 BY Valentina Kirilova

Hong Kong SFC adds Hilton & Frank Holdings to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

May 19, 2017 BY Valentina Kirilova

Hong Kong SFC announces appointments and re-appointments to SFC Advisory Committee

The Securities and Futures Commission (SFC) announced and welcomed the appointment and re- appointment by the Financial Secretary of members to the SFC Advisory Committee for two years from 1 June 2017 to 31 May 2019. I warmly welcome Ms Prudence Ann Bennett, Mrs Ann Kung Yeung Yun-chi and Dr Tan Yue-heng to be the…

May 19, 2017 BY Valentina Kirilova

FCA warns against Lucky Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Lucky Loans. 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…

May 19, 2017 BY FxPro

Markets Priced In OPEC Output Cut Extension

There are two upcoming events that are expected to impact the price of Oil; firstly, the Iran presidential election will be held today (May 19th) and secondly, the OPEC meeting will be held on May 25 in Vienna. The result of the Iran presidential election and the associated geo-political risks will likely affect its oil…

NSD and Interfax launch Single Disclosure Window product

May 19, 2017 BY Valentina Kirilova

Russia's NSD launches a service for prioritizing instructions when settling securities transactions

National Settlement Depository (NSD), Russia’s central securities depository, has launched a service allowing for the prioritization of the execution of instructions when settling securities transactions on a DVP basis (transaction code 19/0) or a FOP basis (transaction code 16). The prioritization service complies with international central securities depositories’ practice, increases settlement efficiency, and allows clients…