SIX Exchange Regulation appoints new heads of trading supervision and issuer regulation LeapRate

April 05, 2017 BY Valentina Kirilova

SIX Exchange Regulation appoints new heads of trading supervision and issuer regulation

The Board of Directors of SIX has selected Sabir Sheikh to head up issuer regulation and Jared Bibler to be in charge of trading supervision at SIX Exchange Regulation. The Swiss Financial Market Supervisory Authority (FINMA) has approved the selection. This means that the Management Committee of SIX Exchange Regulation, led by Corinne Riguzzi, is…

April 05, 2017 BY LeapRate Staff

Core Spreads parent FINSA Europe grows Revenues by 60% in 2016 to £8.0 million

LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK that FCA regulated brokerage and platform white label group FINSA Europe Ltd has had a very successful 2016, growing Revenues by 60% to £8.0 million for the year, versus just under £5.0 million in 2015. FINSA Europe operates its own spread betting and CFDs…

April 05, 2017 BY LeapRate Staff

Forex broker solutions provider MahiFX receives FCA license

LeapRate Exclusive... LeapRate has learned that Forex brokerage solutions provider MahiFX has received its FCA license in the UK as a matched principal broker. The license was officially granted to MahiFX on March 16, 2017. MahiFX is also licensed by ASIC in Australia and the FMA in New Zealand (holding a Derivatives Dealer license, something that the…

April 05, 2017 BY Valentina Kirilova

Monex Group FX volumes drop continues in March

Japanese online trading company Monex Group Inc. (TYO:8698) has reported its monthly business metrics for the month of March 2017, the decrease from previous months February and January continues. The number of Daily Average Revenue Trades (DARTs – the number of trades and transactions per day which generate revenue) was 257,717 - down 1.93% MoM.…

April 05, 2017 BY Valentina Kirilova

MMT sanctions Mayer Holdings Limited for late disclosure of inside information

The Market Misconduct Tribunal (MMT) today fined Mayer Holdings Limited and nine of its current and former senior executives a total of $10.2 million after they were found to have failed to disclose inside information as soon as reasonably practicable as required under the Securities and Futures Ordinance (SFO). The MMT also imposed disqualification orders…

April 05, 2017 BY LeapRate Staff

Navigating the ASIC FX Brokers’ Register and, what does it mean to "Make a Market" in Australia?

The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets. More than a few times over the past year, I have come across instances where companies have thought that they were paying for legitimate ASIC licenses when, in reality, that was not the case. There appears to be several “light fingered”…

April 05, 2017 BY Valentina Kirilova

SFC fines Guoyuan Securities Brokerage Limited $4.5 million

The Securities and Futures Commission (SFC) just announced that has reprimanded Guoyuan Securities Brokerage (Hong Kong) Limited and fined it $4.5 million for its failure to conduct proper enquiries and scrutiny to mitigate the risks of money laundering and terrorist financing when processing third party fund transfers for clients between September 2010 and July 2012.…

April 05, 2017 BY Valentina Kirilova

Swiss digital currency company Lykke launches app integration platform

Lykke, a Swiss Fintech company building a global blockchain-powered marketplace, announced that its open-source platform and apps can be integrated to existing products to accelerate performance. The Lykke Accelerator is an exciting step,” says Richard Olsen, founder and CEO of Lykke and former CEO of OANDA. “We’ve spent the last year building a world-class platform,…

April 05, 2017 BY Valentina Kirilova

Buckaroo chooses Fiserv's anti-money laundering solution

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced today that Buckaroo, a payment solutions provider based in the Netherlands, has selected AML Risk Manager from Fiserv. AML Risk Manager is an anti-money laundering (AML) solution providing advanced customer risk profiling, risk scoring, transaction monitoring and know your customer (KYC) capabilities.…

April 05, 2017 BY Valentina Kirilova

NEX Group announces March market volumes, EBS volumes up 7% MoM

NEX Group plc (LON:NXG) just announced its March market volumes. US Treasury was up 11% YoY, respectively 1% MoM to $172.0 bln. Numbers in US Repo also climbed up last month to $225.2bln up 11% from February's $202.0bln. European Repo (in EUR billions) didn't make a lot difference from February, but was up 17% YoY…