TMX Group releases February equity financing statistics, TSX total financings up 63% YoY LeapRate

March 09, 2017 BY Valentina Kirilova

TMX Group releases February equity financing statistics, TSX total financings up 63% YoY

TMX Group (TSX:X) announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for February 2017. Toronto Stock Exchange welcomed 12 new issuers in February 2017, compared with 17 in the previous month and seven in February 2016. The new listings included nine exchange traded funds, one mining company, one financial services company…

March 09, 2017 BY Valentina Kirilova

GTX hires Citigroup veteran Ed Schwartz for FX Agency Sales

GAIN GTX LLC (GTX), a registered swap dealer, has hired Ed Schwartz as Managing Director, Agency Sales. Prior to joining GTX, Ed Schwartz was at Citi, where he was responsible for covering global macro and real money accounts. He previously held senior sales and trading roles at Bank Julius Baer, JP Morgan and Bankers Trust-Deutsche Bank.…

March 09, 2017 BY Valentina Kirilova

Hong Kong SFC adds another suspicious website to its alert list

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…

March 09, 2017 BY Valentina Kirilova

Plus500 outlines withholding tax issues for $75 million dividend to be paid July 3

CFD broker Plus500 Ltd (LON:PLUS) sets out below the process by which Plus500 will withhold tax on any dividends distributed by the Group, including with respect to the upcoming dividend, as set forth below. On 7 February 2017, the Group announced a final dividend per share of $0.3799 ($43.6 million) and a special dividend per…

March 09, 2017 BY LeapRate Staff

Leading, Misleading or Cheerleading?

Brokers must lead their clients in the right direction, but must try hard not to ‘cheerlead’ too much, or mislead in the way they do so. It’s a fine art.

March 09, 2017 BY LeapRate Staff

GKFX hires Forex marketing executive Hannah Hill from eToro as Head of PR and Brand

LeapRate Exclusive... LeapRate has learned that FCA regulated retail forex broker GKFX has hired Hannah Hill as its new Head of Public Relations and Brand. Ms. Hill is a well known Forex industry figure. She worked most recently in the London office of Israel-based retail forex broker eToro as Head of Brand Marketing, helping eToro…

March 09, 2017 BY Valentina Kirilova

FCA and Japanese FSA announce Co-operation Framework to support FinTech companies

The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have exchanged letters on a Co-operation Framework to support innovative FinTech companies. This Exchange of Letters between the JFSA and the FCA will provide a regulatory referral system for Innovator Businesses from Japan and the UK seeking to enter the other’s…

March 09, 2017 BY Valentina Kirilova

Pragma establishes European presence at Equinix LD6 data center

Trading technology provider Pragma has established a connectivity presence in Equinix’s LD6 data center in London to service its growing international client base. The expansion to Europe enables Pragma to meet growing demand for its Pragma360 platform, which comprises advanced algorithmic trading, order routing and transaction cost analysis (TCA) tools. A report from Greenwich Associates…

March 09, 2017 BY Valentina Kirilova

Thomson Reuters teams up with Tradeweb to create suite of solutions for MiFID II compliance

Information giant Thomson Reuters Corp (NYSE:TRI) is creating a holistic suite of reporting services that will support the workflow of market participants in their efforts to meet post-trade transparency requirements mandated by the Markets in Financial Instruments Directive II (MiFID II). In preparation for the new regulations, the company is working closely with over 50…

March 09, 2017 BY LeapRate Staff

IS Prime adds CFH Systems exec Sue Cheung as VP Sales in Hong Kong

The FX liquidity and prime brokerage services provider stated that it expects more Hong Kong hires in the near future,