LeapRate Exclusive... LeapRate has learned via regulatory filings made in the UK and Singapore that King & Shaxson Capital Limited has seen a significant drop in activity in Fiscal 2016. (The company has a June 30 year end). King & Shaxson is the parent company of FCA regulated retail and institutional Forex broker PhillipCapital UK.…
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The Autorité des Marchés Financiers (AMF) published a summary of the feedback submitted in response to the public consultation launched in November 2016 on the future performance simulations offered to retail investors. It is also publishing a draft recommendation and best practices for this area. In November 2016, the AMF launched a consultation on the future…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm The Loan Expert / www.theloan.expert. 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…
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Bats Europe, a CBOE Holdings, Inc. (NASDAQ: CBOE) company, today announced the launch of new benchmark indices for ten additional European markets. Bats now offers real-time, high-quality and low-cost alternatives to those provided by the incumbent index providers across all major European markets. The new Bats Indices covering ten markets include: Bats Austria 20 Bats…
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SIX Swiss Exchange just announced that March was the strongest month so far this year in terms of both trading turnover and the number of transactions. However, in January there were two and in February three fewer trading days than in March. But even when this factor is taken into account, the two figures are…
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U.S. Commodity Futures Trading Commission Acting Chairman J. Christopher Giancarlo announced that Andrew B. Busch has been named the Commission’s first Chief Market Intelligence Officer. After spending 30 years in the financial services sector, Mr. Busch comes to the CFTC from the boutique economic research company he founded, Bering Productions Inc. (BPI), where he was…
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Turnover on Deutsche Börse's cash markets totalled €135.7 billion in March, a significant increase on the €120.9 billion seen in the same month of 2016. This increase was largely driven by the daily auctions in Xetra trading, which are held at opening, midday and end of trading. Order book turnover in auctions provided 52% of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm GMO Investment Management / GMO Funds PLC. 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…
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Multibank FX aggregation service FXSpotStream has reported that volumes on its system were fairly flat in March, for the third month in a row. Average daily volume at FXSpotStream came in at $18.8 billion in March - versus $18.7 billion in February and $18.9 billion in January. In context, however, FXSpotStream’s volumes were not as…
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Cyprus financial regulator CySEC has announced that it has withdrawn the CIF license suspensions of Leadtrade Ltd, and TTCM Traders Trust Capital Markets Ltd. Both brokerage groups had their CIF licenses suspended by CySEC last week, with the regulator citing capital level concerns. CySEC had given each broker 10 days to take action in order to comply,…
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