SGX raises pro-rata renounceable rights issue cap to 100% of share capital LeapRate

March 13, 2017 BY Valentina Kirilova

SGX raises pro-rata renounceable rights issue cap to 100% of share capital

Singapore Exchange (SGX) is enabling companies to seek a general mandate for an issue of pro-rata renounceable rights shares of up to 100% of the share capital from 50% previously. The enhanced rights issue limit is aimed at helping companies raise funds expediently for expansion activities or working capital. Recognising that listed companies have to…

March 13, 2017 BY Valentina Kirilova

Siemens expands financial solutions for Asia-Australia Region

The Monetary Authority of Singapore (MAS) granted approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the…

March 13, 2017 BY LeapRate Staff

Forex Week in Focus, March 13-17: Fed, BoE, BoJ & SNB meeting; Dutch elections; Merkel/Trump meeting; G20 meeting

The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. FXPRIMUS Indicators and events for the week beginning 13 March: Fed, BoE, BoJ & SNB meeting; Dutch elections; Merkel/Trump meeting; G20 meeting Usually the week after the nonfarm payrolls is relatively quiet, but this month we get no rest.…

March 13, 2017 BY LeapRate Staff

Why you should compensate your sales people based on customer satisfaction and not just sales

With regulators cracking down on compensating employees based on FTDs (first time deposits), how must forex brokers adapt? Adinah Brown, content manager at Leverate, discusses. With the new regulations from Cysec, some of the rules of sales are going to have to be rewritten, and some old, successful (and maybe even lazy) habits are going to…

March 13, 2017 BY Valentina Kirilova

The Financial Stability Board publishes consultation on UTI Governance

The Financial Stability Board (FSB) published a consultation document on Proposed governance arrangements for the unique transaction identifier (UTI). The consultation sets out proposals for the governance arrangements for a global UTI, as a key harmonised identifier designed to facilitate effective aggregation of transaction reports about over-the-counter (OTC) derivatives markets. G20 Leaders agreed at the…

March 13, 2017 BY Valentina Kirilova

Tradeworks extends auto trading platform partnership with PT Monex Indonesia

Tradeworks, the Singapore and Copenhagen-based fintech developer of trade automation technology, just announced that it will be extending its partnership with P.T. Monex Investindo Futures (Monex), an online brokerage in Indonesia. The partnership will grant exclusive rights to Monex as sole distributor and reseller of the Tradeworks trade automation platform for Indonesia until Q2/2018. Tradeworks has…

March 13, 2017 BY Valentina Kirilova

CLS February Forex settlement volume up 2.7% MoM

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for February 2017. The average daily volume submitted to CLS was US$1.5 trillion, up 2.7% MoM from US$1.46 trillion in January 2017. CLS also announced that is changing its reporting methodology to align with…

March 13, 2017 BY Valentina Kirilova

Bursa Malaysia introduces MD&A Guide

Bursa Malaysia Securities Berhad issued a Management Discussion & Analysis Disclosure Guide (MD&A), to guide and assists public listed companies in the preparation and presentation of their MD&A disclosures, in a clear and meaningful manner with emphasis on quality and relevant material information. Bursa Malaysia Chief Executive Officer Datuk Seri Tajuddin Atan said: The introduction…

March 13, 2017 BY Valentina Kirilova

MOU signed between Qatar Stock Exchange and Nairobi Securities Exchange

A delegation representing the Kenyan capital markets regulatory authority and the Nairobi Securities Exchange visited Qatar Stock Exchange and signed a memorandum of understanding for cooperation between the Qatar Stock Exchange and Nairobi Securities Exchange. In the signing ceremony, Mr. Rashid bin Ali Al-Mansoori, CEO of Qatar Stock Exchange, stated that I am delighted to…