WFE launches new website & members’ portal
April 12, 2017 BY Valentina Kirilova

World Federation of Exchanges publishes Cyber Resilience Standards

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published a set of cyber resilience standards designed to be used by WFE members, and other market infrastructure providers, to ensure alignment and common minimum standards across the global system. The standards cover eight key areas:…

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April 12, 2017 BY LeapRate Staff

What it takes to become an Independent Broker Dealer

This article was written by Klaus Nymand, Partner at MoneyBanker.com Joining the broker-dealer professional has two avenues you can explore. The most common one is applying for a job and settling down as an employee. The second option is a call to the risk takers and those looking for a more rewarding career both in…

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April 12, 2017 BY Valentina Kirilova

SFC reprimands and fines iSTAR International Futures Co. Limited $3 million over anti-money laundering

The Securities and Futures Commission (SFC) has reprimanded iSTAR International Futures Co. Limited, now known as Rifa Futures Limited, and fined it $3 million over failures to comply with anti-money laundering regulatory requirements when processing third party fund transfers. An SFC investigation found that between January and July 2014, Rifa took insufficient steps to mitigate…

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April 12, 2017 BY Valentina Kirilova

CySEC suggests possible Brexit impact on the activities and services of Cyprus Investment Firms

The Cyprus Securities and Exchange Commission (CySEC) requested the Cyprus Investment Firms (CIFs) to report to CySEC on the likely implications that Brexit will have on their activities and services, including any suggestions for adopting immediate measures to eliminate their respective impact. CIFs are therefore advised to look at their business model structure, services and…

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April 12, 2017 BY Valentina Kirilova

Clearstream offers a new settlement solution for German debt

Clearstream announced that is offering a new settlement solution for German debt, for customers who are clearing member firms, clearing Bunds and German repos through LCH SA. Such transactions will be able to be settled in customers' Clearstream Banking Luxembourg (CBL) account, in addition to the Clearstream Banking Frankfurt (CBF) setup as an existing settlement…

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April 12, 2017 BY Valentina Kirilova

Broadridge, J.P. Morgan, Northern Trust and Banco Santander complete pilot of blockchain-based proxy vote solution

Financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR), J.P. Morgan, Northern Trust and Banco Santander today announced the successful completion of a pilot which employs a blockchain technology to enhance global proxy vote transparency and analytics. The pilot, Broadridge’s first application of blockchain technology, provides transparency by adapting distributed ledger technology capabilities to provide daily…

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