Securities Commission Malaysia names new Director for Audit Oversight Board LeapRate

Securities Commission Malaysia: New capital market initiatives

February 06, 2017 BY Valentina Kirilova

Securities Commission Malaysia names new Director for Audit Oversight Board

Securities Commission Malaysia (SC) announced the appointment of Alex Ooi Thiam Poh as Director of Audit Oversight Board (AOB), with effect from 18 January 2017. He is responsible for the operations of the AOB, working closely with the Executive Chairman, Dato’ Gumuri Hussain in promoting and developing an effective and robust audit oversight framework in…

February 06, 2017 BY LeapRate Staff

Norwegian central bank Norges takes 3% position in CMC Markets

LeapRate Exclusive... LeapRate has learned via regulatory filings made in Norway and the UK that Norway's central bank, Norges Bank, has taken a 3% equity position in the shares of UK online Forex and CFDs broker CMC Markets Plc (LON:CMCX). The Norges Bank stake in CMC consists of 8.77 million shares, worth about £9.6 million (USD…

February 06, 2017 BY Valentina Kirilova

Deutsche Börse post trade services provider Clearstream migrates to ECB’s T2S platform

Clearstream (Clearstream Banking Frankfurt and LuxCSD) just announced that it has successfully migrated to the ECB’s TARGET2-Securities (T2S) platform. The first business day is already in process and runs smoothly. As it is the largest T2S participant, the migration of Clearstream has added an unprecedented volume of about 40% to the overall volume on the…

February 06, 2017 BY Valentina Kirilova

Audit regulators in Australia and in Luxembourg enter into cooperative agreement

The Australian Securities and Investments Commission (ASIC) and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, have signed a Memorandum of Understanding that sets the stage for cooperation with regard to the oversight of statutory auditors. For the CSSF, this is the fifth cooperative agreement with an audit regulator outside of the European…

February 06, 2017 BY LeapRate Staff

Saxo Bank and Nasdaq Commodities partner to offer Nordic power products on SaxoTraderGO

Nasdaq Commodities and Saxo Bank have announced a collaboration to offer small and medium sized companies (SME) in the Nordic region direct access to Nordic Power futures on Saxo’s fully integrated trading and risk management platform. The addition of Nasdaq Nordic power products on SaxoTraderGO, offers Saxo’s clients access to a liquid product at the…

February 06, 2017 BY Valentina Kirilova

NEX Group replaces Per Sjöberg with Stuart Connolly as CEO of post trade tech unit TriOptima

NEX Optimisation, a NEX Group PLC (LON:NXG) business which helps clients reduce complexity and optimise resources across the transaction lifecycle, just announced that Per Sjöberg, Chief Executive Officer (CEO) of TriOptima, has decided to leave the business to pursue other ventures. Michael Spencer, CEO of NEX Group plc, said: We thank Per for all of…

February 06, 2017 BY Valentina Kirilova

DGCX with a good start of the year on the back of continued global volatility

The Dubai Gold and Commodities Exchange (DGCX) continued to be a safe haven for investors looking to insure against volatility stirred by a series of significant political events, with the Exchange trading an aggregate 1.37 million contracts in the month of January, valued at US $ 33 billion. In the USA, President Trump’s inauguration and…

February 06, 2017 BY Valentina Kirilova

CommSec and Leveraged continue to lead shrinking Australia margin lending sector

In its twelfth year, the 2016 Margin Lending Investor Report is an in-depth study of Australian margin lending users’ attitudes and behaviours. The study is based on a survey of 1,418 Australian-based investors conducted between July and August 2016 by research firm Investment Trends. Key highlights from the 2016 Margin Lending Investor Report: The margin…

February 05, 2017 BY Valentina Kirilova

ESMA publishes 2017 supervision plan for CRAs, trade repositories and third country CCPs

The European Securities and Markets Authority (ESMA) has published its Annual Report and Supervision Work Programmes setting out its main areas of supervisory focus for credit rating agencies (CRAs), trade repositories (TRs), and third country central counterparties (CCPs) in the European Union (EU). The Report also details the actions ESMA has taken in 2016 in…

February 05, 2017 BY LeapRate Staff

Forex Industry Week Review: IG and Forex.com redo Affiliate programs, CySEC's new marketing rules, and lots more...

Forex Industry News at LeapRate has a very 'affiliate' feel to it this past week, with LeapRate reporting exclusively about major changes made to the affiliate programs at two of the leading online brokers on both sides of the pond, Gain Capital Holdings Inc (NYSE:GCAP) and IG Group Holdings plc (LON:IGG). On the regulatory side of…