February 09, 2017 BY Valentina Kirilova

FX Prime of Prime broker Stater Global Markets adds Ronin Trading executive David Dohmen to head Compliance

David Dohmen has been appointed Head of Compliance at Stater Global Markets. Reporting directly into CEO, Ramy Soliman, David will focus on ensuring the FCA regulated Prime of Prime brokerage operates within the regulatory framework. He will also play a role in helping the business to grow. Leaprate reported back in October 2016 that Stater…

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February 09, 2017 BY Valentina Kirilova

SFC reprimands and fines GMO-Z.com Forex HK Limited $1.6 million

The Securities and Futures Commission (SFC) has reprimanded and fined GMO-Z.com Forex HK Limited (GMOHK) $1.6 million for deficiencies in its order execution and slippage handling procedures, and failures in its electronic trading system for leveraged foreign exchange contracts. In August 2016, the SFC and GMOHK jointly engaged an independent reviewer to review GMOHK’s controls,…

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February 09, 2017 BY Valentina Kirilova

FCA warns on Holly Invest Global Limited firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Holly Invest Global Limited. Holly Invest Global Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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plus500 south africa forex
February 09, 2017 BY Valentina Kirilova

Plus500 expands in South Africa with FSP Broker license

CFD broker Plus500 Ltd (LON:PLUS) just announced that the Financial Services Board, the South African authority that oversees the non-banking financial services industry, has granted Plus500AU Pty ltd., the Company's Australian operating subsidiary, a licence to operate an online trading platform for retail customers to trade CFDs in South Africa, under FSP #47546. The licence…

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INTL FCStone Inc. volumes
February 09, 2017 BY Valentina Kirilova

INTL FCStone Inc. reports 23% record rise in operating revenues in 1Q 2017

Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) just announced its financial results for the fiscal year 2017 first quarter ended December 31, 2016. Interest Income/Expense: Overall interest income increased $1.7 million to $10.4 million in the first quarter, primarily due to $1.3 million in incremental interest revenue from our acquired correspondent securities clearing and independent…

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Crude oil prices could bounce as Coronavirus panic settles
February 09, 2017 BY LeapRate Staff

3 Factors that Could Push Crude Oil Higher in 2017

This article was written by Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luis’s areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. Crude Oil has been suffering from a supply glut that…

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cme group fx volumes
February 09, 2017 BY LeapRate Staff

CME Group boosts its Dividend by 10% following strong 2016 results

Derivatives marketplace operator CME Group Inc (NASDAQ:CME) has announced that it has declared a first-quarter dividend of $0.66 per share, a 10 percent increase from the prior rate of $0.60 per share. The dividend is payable March 27, 2017, to shareholders of record as of March 10, 2017. The increase comes several days after CME Group reported…

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