February 08, 2017 BY Valentina Kirilova

GAIN Capital CEO comments on acquisition of FXCM U.S. retail clients

Following our earlier report that New York based retail forex broker FXCM Inc (NASDAQ:FXCM) had been banned from the US market (alongside bans for CEO Drew Niv and co-founder William Adhout) after FXCM settled allegations of defrauding customers regarding its market making activities, FXCM has put out a statement confirming the settlement with US regulators CFTC…

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MOEX launches trading in sunflower seed futures
February 08, 2017 BY Valentina Kirilova

Shares of Detsky Mir begin trading on Moscow Exchange

Ordinary shares of Public Joint Stock Company Detsky mir will begin trading on Moscow Exchange on 10 February 2017. The security has been admitted to the top Level 1 List. The key parameters of the security are described in the table below: Security Ordinary share Company name Public Joint Stock Company Detsky mir Type Ordinary…

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February 08, 2017 BY Valentina Kirilova

FCA opens discussion on regulatory approach to open-ended funds investing in illiquid assets

The Financial Conduct Authority (FCA) has published a Discussion Paper which seeks stakeholder views on the practice of investing in illiquid assets through open-ended funds and the challenges that can pose to managers and investors. Illiquid assets in the context of this Paper may include land and buildings, infrastructure and financial assets such as unlisted securities.…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
February 08, 2017 BY Valentina Kirilova

IOSCO analyzes potential of tech-driven change in the securities market industry

A new report published today highlights the increasingly important intersection between financial technology (Fintech) and securities market regulation, and describes the impact it has on investors and financial services. The IOSCO Research Report on Financial Technology, published by the International Organization of Securities Commissions (IOSCO), describes a variety of innovative business models and emerging technologies…

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fma warning
February 08, 2017 BY Valentina Kirilova

New Zealand's FMA warns firms under anti-money laundering and countering financing of terrorism act

The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act. Under section 59(2) of the Act, the FMA required reporting entities to submit their audit of their Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) risk assessment and…

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February 08, 2017 BY Valentina Kirilova

OCC welcomes MIAX PEARL Options Exchange

Options Clearing Corporation (OCC), the equity derivatives clearing organization, just congratulated MIAX on the launch of MIAX PEARL, which began operations on Monday. This successful launch brings the total number of U.S. options markets to fifteen. Craig Donohue, OCC Executive Chairman and CEO, commented: OCC congratulates the Miami International Securities Exchange on the successful launch…

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February 08, 2017 BY LeapRate Staff

TechFinancials loses largest Binary Options client 24option, shares plunge 30%

Shares of binary options platform provider TechFinancials Inc (LON:TECH) plunged by more than 30% on Tuesday, after the company disclosed that it was going to lose its largest client, binary options broker 24option.com. The decline triggered two successive 5-minute Price Monitoring Extension periods in London Stock Exchange trading in the stock. A Price Monitoring Extension is activated…

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