The UK Financial Conduct Authority (FCA) has put out details of the cloned firm ABSA Wealth Management. 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 their tactics…
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SLS, a long-standing partnership of SIX Swiss Exchange with Liquidnet, just announced that will give JP Morgan (NYSE:JPM) access to genuine block liquidity with unrivaled average execution size, providing maximum price improvement and minimal market impact. SLS unites participants with over 830 buy-side institutions actively trading more than 3'100 large-, mid- and small-cap stocks across…
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LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK that FCA regulated institutional FX brokerage ACM Group plc, which operates under the brand name Alpha Capital Markets, has posted a loss of £2.1 million (USD $2.6 million) in fiscal 2016. Alpha has a September 30 fiscal year end. The news was not all…
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FTSE Russell, the global index and data provider, announced that Sean Smith has joined the firm as Managing Director of Derivatives Licenses, to lead the company’s efforts to further expand its options and futures business. Dozens of FTSE Russell indexes are used as the underlying benchmarks for options, futures and OTC cleared derivative products. Indexes…
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Toronto Stock Exchange (TSX) announced Canada Goose, a maker of Arctic luxury apparel, began trading on TSX this morning under the symbol TSX:GOOS. Canada Goose is the largest retail IPO year-to-date 2017 on TSX. TSX is extremely proud to welcome Canada Goose to the market. Made in Canada and an iconic global brand, TSX is…
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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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The Moscow Exchange (MOEX) released its February market report with ADV down 2% MoM. The trading volume of stocks totalled RUB 662 bn in February. The average daily trading volume was RUB 34.9 bln, down 2% MoM. The T+2 sector made up 99.7% of the total secondary market trading volume and the T0 sector accounted for 0.3%.…
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Cyprus financial regulator CySEC has issued an information circular, providing what it calls "additional guidance" to CIF licensed brokers on the types of bonus incentives which are no longer permissible to be offered to retail clients. In its original announcement on November 30 regarding new rules governing bonuses and trading leverage (which was exclusively revealed by LeapRate…
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PT Monex Investindo Futures, the largest forex and futures broker in Indonesia, has announced that it is introducing eFXplus via API to its high-net worth clients. eFXplus, an innovative FinTech strategy platform, live simulates institutional-derived FX data from a selection of models and recommends portfolios, quant models, forecasts, and insights briefs. According to PT Monex…
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ASIC has today released the findings of its review of how Australia's largest financial advice firms have dealt with past poor advice and non-compliant advisers, including how these firms have dealt with affected customers. The review—which forms part of ASIC’s broader Wealth Management Project—was focussed on the conduct of the financial advice arms of AMP,…
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