The Financial Conduct Authority (FCA) announced that has today fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp. The FCA found that Mr Niehaus failed to act with due skill, care and diligence. The FCA found that Mr Niehaus, who was a managing director in the Investment Banking division…
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Marex Spectron, the global commodities broker, today announced record profits before tax of $27.0 million for the year through to 31 December 2016, a 53% increase on the $17.6 million reported in 2015, and maintains the firm’s positive earnings trajectory. Adjusted EBITDA for the year was also a record $37.1 million, compared with $31.0 million…
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The Payment Systems Regulator (PSR), the economic regulator for the £75 trillion UK payment systems industry, announced the start of a concerted and coordinated industry-wide effort to tackle payment scams back in December 2016. Following its consultation into the potential role of payment system operators (PSOs) in minimising the consumer harm caused by authorised push payment…
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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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LeapRate Exclusive Interview... The issue of transparency and fairness in the FX markets has been a hot one of late, with many institutional and retail players making changes in the way they trade and hedge (and with whom they trade and hedge) as a result. We are pleased to speak today on these topics and…
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Independent data, research and analysis provider Orca announced the launch of their new platform, aimed at helping financial advisers and sophisticated investors clearly visualise and seize the opportunities within the P2P market. The platform will allow users to perform in-depth due diligence on P2P investments, benchmark them in a way they would traditional asset classes,…
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Fineqia International Inc. (CNSX:BGO) announced that former managing director at the Indian subsidiary of Copenhagen based multi asset brokerage Saxo Bank A/S Rudra Dalmia has joined its board of advisors. Rudra Dalmia is a seasoned investment professional with more than 15 years experience in private equity, financial services and investment banking across Asia, Europe and the United States.…
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ASIC has released its assessment report on the listing standards of the Sydney Stock Exchange Limited (SSX). The report concludes that SSX should make a number of changes to improve compliance with its statutory obligations. These changes include putting adequate arrangements in place to manage conflicts between its commercial interests and the need for it…
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Russia-based integrator B2Broker announced that has started the development of institutional solutions for MetaTrader 5. The company creates high-quality solutions for brokers worldwide. Among B2Broker clients are individual investors, large licensed brokers, banks, hedge funds and professional managers. The most notable B2Broker turnkey solutions for MetaTrader 5 brokers include: Trader's room. A ready-made module for…
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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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