ASIC has cancelled the Australian financial services (AFS) licence of Aquaint Capital Limited (in liquidation) ACN 110 353 065. Aquaint is the responsible entity for Aquaint Income Fund ARSN 114 372 619 (the Scheme). It was placed into liquidation on 1 September 2016 following a creditors' resolution that Aquaint be wound up on the basis…
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The departures at retail forex broker FXCM and its newly-named parent company Global Brokerage Inc (NASDAQ:GLBR) aren't limited to just the management ranks. The company has announced that two outside directors, Eric LeGoff, and James G. (Jim) Brown, would be stepping down from the Global Brokerage board, without replacements planned. Following the departures of LeGoff and Brown,…
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Back on March 8th, LeapRate covered when Spain’s financial regulator CNMV (Comisión Nacional del Mercado de Valores) issued its Activity Plan for 2017-2018... In that activity plan, the CNMV did not outline specific plans to target Forex and CFD trading, but it did state that one of its four strategic objectives will include “analysis of initiatives…
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The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge James I. Cohn of the U.S. District Court for the Southern District of Florida entered a Consent Order against CFTC Defendants Neil Pecker with a last-known address in Longwood, Florida and his company, Vision Financial Partners, LLC (Vision) of Deerfield Beach, who were charged…
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Bats, a CBOE Holdings, Inc. (NASDAQ: CBOE) company, today welcomed Saba Capital Management, L.P., as a new issuer to the Bats ETF Marketplace. The Saba Closed-End Funds ETF (Bats: CEFS), and Saba’s first ever ETF, is an actively managed ETF that seeks to generate high income by investing in closed-end funds trading at a discount…
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The Cyprus Securities and Exchange Commission (CySEC) announced that, on 15th March 2017, the Cyprus Investment Firm Hellenic Bank (Investments) Ltd renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007. As stated in the renouncement letter of the Company, which provided investment services via the…
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The European Securities and Markets Authority (ESMA) latest research piece on market liquidity published in its recent report on trends, risks and vulnerabilities (TRV) finds improved liquidity in European sovereign bonds markets. Episodes of short-term volatility and liquidity stress across several markets over the past few years have increased concerns about the worsening of secondary…
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Retail Forex broker Alpari Limited today announced that has added a new section on its website that provides news about financial markets from FxWirePro. Clients can now get all their news in one place by logging into Alpari's site. This new feature offers news in English and Chinese from FxWirePro, a service that is highly recommended…
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National Settlement Depository (NSD), Russia’s central securities depository, in cooperation with the Russian National Association of Securities Market Participants (NAUFOR), has launched a centralized system for record keeping and distributing Unit Investment Trust (UIT) units. The new system allows users to get access to operations with the UIT units for all asset management companies connected…
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The Securities and Futures Commission (SFC) today published conclusions to a consultation to expand the scope of the position limit regime. After considering market feedback, the SFC has concluded that the proposals as set out in the consultation will be implemented. These include a 300% cap on the excess position limit that may be authorized…
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