30 Issuers, 161 funds now listed on Bats in the U.S. Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company, welcomed two new PowerShares ETFs to the Bats ETF Marketplace. The PowerShares S&P 500 Value with Momentum Portfolio (Bats: SPVM) seeks investment results that generally correspond to the price and yield of the S&P 500® High Momentum…
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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 Lawson Consultancy Limited. Lawson Consultancy Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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LeapRate Exclusive… LeapRate has learned from filings made in Russia that the Bank of Russia has issued an eighth license to operate a retail forex brokerage operation in the country, to PSB-Forex LLC. PSB-Forex is the newly-established retail forex brokerage subsidiary of second tier Russian commercial bank Promsvyazbank. Promsvyazbank ranks eleventh in assets among Russia's largest banks,…
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Cyprus financial regulator CySEC puts out some version of a warning against impersonators appearing as CySEC officials in an attempt to scam unsuspecting investors quite often these days. CySEC again reminded investors and the general public of the following: From time to time it comes to the attention of CySEC that unknown entities or individuals present…
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The Financial Conduct Authority (FCA) has banned and imposed financial penalties on two former Worldspreads Limited (WSL) employees. WSL, which operated a spread betting business, collapsed in March 2012. The FCA has fined WSL’s former Chief Financial Officer, Niall O’Kelly, £11,900 and former Financial Controller, Lukhvir Thind, £105,000, for engaging in market abuse and permanently…
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STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that an ETF based on the STOXX ASEAN Select Dividend 30 Index has been tradeable on the Singapore Stock Exchange (SGX) since Tuesday. The index is licensed to One AM, Thailand’s largest equity…
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LeapRate Exclusive Interview... Following our exclusive coverage of Forex broker solutions provider MahiFX becoming the latest FX sector company to receive an FCA license, we are pleased to present to LeapRate readers our conversation on the topic with Nick Mortimer, Head of MFX Retail Sales for MahiFX. Does the FCA license change the way MahiFX does business?…
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Information giant Thomson Reuters Corp (NYSE:TRI) has teamed-up with Legal Geek to help advance innovation and collaboration within the LawTech startup community. Rapid technological innovation continues to shake up the legal services industry, and LawTech startups have the potential to compete with, as well as to enhance, existing legal services offerings. Many startups aren’t innovating…
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The European Securities and Markets Authority (ESMA) has issued the final report on the Guidelines regarding the calibration of circuit breakers and the publication of the trading halts under the Markets in Financial Instruments Directive (MiFID II). These Guidelines provide further detail on the parameters that trading venues should consider for the calibration of their…
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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…
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