Malaysia SC revokes licence of Ravindran Nair / Vasudevan Nair LeapRate

Securities Commission Malaysia: New capital market initiatives

December 14, 2016 BY Valentina Kirilova

Malaysia SC revokes licence of Ravindran Nair / Vasudevan Nair

Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Ravindran Nair a/l Vasudevan Nair for the regulated activity of financial planning under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 November 2016. Ravindran was formerly attached with Blueprint Planning Sdn…

December 14, 2016 BY Valentina Kirilova

Deutsche Börse AG appoints new management in Group Communications and Media Relations

Kai Fischer is to become Managing Director of Group Communications, and Martin Halusa press officer of Deutsche Börse AG and thus also Head of Department of Media Relations/Newsroom, all with effect from 1 January 2017. Kai Fischer has been at Deutsche Börse since 2008, and has held various management positions in the CFO area. He…

December 14, 2016 BY LeapRate Staff

The Fed decision could get Trumped

On Wednesday the US Federal Reserve is expected to raise rates for the first time in 2016.

December 14, 2016 BY Valentina Kirilova

Hong Kong SFC adds Florin Investment Limited 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…

December 14, 2016 BY Valentina Kirilova

FCA proposes changes to FSCS client compensation rules

The Financial Conduct Authority (FCA) has today announced that it is inviting views on the future funding of the Financial Services Compensation Scheme (FSCS) and has also launched a consultation on a number of specific changes to its scheme rules. The FSCS is the UK’s statutory compensation scheme of last resort, which can step in…

December 14, 2016 BY Valentina Kirilova

SFC publicly criticises SSI Investment for breach of the Takeovers Code

The Securities and Futures Commission (SFC) today publicly criticised Southwest Securities International Investment Limited (SSI Investment), Li Zhi Tao and Dong Jiang Wen for acquiring shares in Southwest Securities International Securities Limited (SSI Securities) within six months after the close of an offer at above the offer price in breach of Rule 31.3 of the…

December 14, 2016 BY Valentina Kirilova

HKEX places Dejin Resources Group Company Ltd. into the third delisting stage

The Stock Exchange of Hong Kong Limited (HKEX) put Dejin Resources Group Company Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 13 June 2017), the Company’s listing will be cancelled. Trading of the Company's shares was suspended on 16 May…

December 14, 2016 BY Valentina Kirilova

ASIC reports on corporate insolvencies

ASIC today published its annual overview of corporate insolvencies based on statutory reports lodged by external administrators for the 2015–16 financial year. Report 507 Insolvency statistics: External administrators’ reports (July 2015 to June 2016) is ASIC's eighth report and provides information on the nature of corporate insolvencies, supplementing the monthly statistics that ASIC publishes on…

December 14, 2016 BY Valentina Kirilova

CMC Markets considers HQ move from UK to Germany following FCA CFD rules: Sky News

Shared from Sky News: Spread-betting giant CMC to mull jobs, HQ move amid FCA crackdown The financial spread-betting giant CMC Markets Plc (LON:CMCX) is to consider relocating chunks of its business away from the UK if the City watchdog presses ahead with plans to curb bets placed by retail customers, as reported by Sky News.…

ThinkMarkets launches ThinkZero, low-latent algorithmic & automated trading solution

December 14, 2016 BY Valentina Kirilova

ThinkMarkets launches EA Buyback campaign

ThinkMarkets, a global multi asset brokerage, has today launched its EA Buyback initiative, giving FX traders more control through manual trading. The campaign will facilitate current automated robot traders to switch over to ThinkMarkets’ ThinkTrader service enabling users to benefit from the strategy building tools available – such as, the extensive list of charting indicators…