Deutsche Börse's new segment for small and medium-sized enterprises (SMEs) will be named Scale. This is the result of a naming competition that Deutsche Börse CEO Carsten Kengeter had opened up to the public in November 2016. Over 550 suggestions were submitted. Scale will be launched on 1 March and will replace the Entry Standard…
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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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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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LeapRate Exclusive... LeapRate has learned that a secret, invitation-only meeting was held yesterday in London between the FCA and senior representatives from several of the leading regulated Forex and CFD brokers in the UK. The meeting was meant to help clear the air between the regulator and the brokers regarding the way the FCA 'surprised'…
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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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TMX Group (TSX:X) announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for January 2017. Toronto Stock Exchange welcomed 17 new issuers in January 2017, compared with eight in the previous month and eight in January 2016. The new listings included 14 exchange traded funds, one mining company, one diversified industries company…
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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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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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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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On 31 January 2017, the Administrative Appeals Tribunal (AAT) affirmed ASIC's decision to suspend the Australian financial services (AFS) licence held by MASU Financial Management Pty Ltd (MASU) for a period of eight weeks. ASIC's decision ASIC made a decision to suspend MASU's AFS licence for 8 weeks on 26 April 2016 following concerns that…
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