ESMA publishes new Q&A on alternative performance measures guidelines LeapRate

January 27, 2017 BY Valentina Kirilova

ESMA publishes new Q&A on alternative performance measures guidelines

The European Securities and Markets Authority (ESMA) has published a new Questions and Answers (Q&A) document, comprising six questions, on the implementation of its Guidelines on the Alternative Performance Measures for listed issuers. An alternative performance measure is a financial measure of historical or future financial performance, financial position, or cash flows, other than a…

January 27, 2017 BY Valentina Kirilova

AMF advises investors to close their Banc de Binary Ltd accounts

The Cyprus Securities and Exchange Commission (CySEC) has announced that Banc de Binary Ltd has decided to renounce its authorization a week ago. The company provides investment services through the website eu.bancdebinary.com. Under these circumstances, the AMF recommended that investors who have opened an account on this website immediately send a registered letter to Banc…

January 27, 2017 BY Valentina Kirilova

BrokerTec Europe acquires Italy's e-MID SIM SpA

BrokerTec, NEX Group (LON:NXG)’s global electronic fixed income trading platform, announced today that it has agreed to acquire a controlling majority stake in e-MID SIM SpA “e-MID”, the first Italian electronic central limit order book (CLOB) platform for interbank deposits and Overnight Indexed Swaps (OIS). The transaction is subject to certain conditions, including most importantly the…

January 27, 2017 BY Valentina Kirilova

Australian banks look to head off competitors in eFX

Aussie banks are increasing their commitment to electronification, spurred on by aggressive competition from non-bank market makers – particularly for spot FX business The electronification of FX is of huge benefit to clients globally who need to deal in the Australian time zone. According to Euromoney, Vinay Trivedi, FlexTrade’s senior vice-president, strategic initiatives, suggested Australian banks…

January 27, 2017 BY Valentina Kirilova

Monex releases 3Q results, total profit plummets 55% YoY

Monex Group Inc. (TYO:8698) just reported its quarterly financial results of its wholly-owned subsidiary, Monex, Inc., for the 3Q of the fiscal year ending March 31, 2017 prepared in accordance with the generally accepted accounting principles in Japan. And it doesn't look so good at all. Operating revenue for the 3Q 2016 was ¥22,070 million,…

January 27, 2017 BY Valentina Kirilova

CFTC General Counsel Jonathan L. Marcus to leave agency

U.S. Commodity Futures Trading Commission Acting Chairman J. Christopher Giancarlo announced that General Counsel Jonathan L. Marcus will depart the agency. Mr. Marcus joined the agency in 2011 as Deputy General Counsel for Litigation, and was promoted to General Counsel in 2013. Acting Chairman Giancarlo also announced that Robert A. Schwartz, currently the Deputy General…

January 27, 2017 BY Valentina Kirilova

FCA warns on Hayashi and Partners 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 Hayashi and Partners / Hayashi International Equity Securities. Hayashi and Partners / Hayashi International Equity Securities is not authorised by the FCA but has been targeting…

January 27, 2017 BY LeapRate Staff

Financial Markets React to Supreme Court’s Ruling on Brexit

This article is written by freelance writer Zak Goldberg. Prior to the Supreme Court ruling on Tuesday, the pound had hit its highest level since December, yet within minutes of the ruling, the pound had tumbled as the markets reacted to the news the government would need to consult with Parliament before Brexit. A defeat in…

January 26, 2017 BY LeapRate Staff

Citigroup overbilled advisory clients, pays $18 million fine

The U.S. Securities and Exchange Commission today announced that the Citigroup Global Markets unit of global banking giant Citigroup Inc (NYSE:C) has agreed to pay $18.3 million to settle charges that it overbilled investment advisory clients and misplaced client contracts. The SEC’s order finds that at least 60,000 advisory clients were overcharged approximately $18 million…

January 26, 2017 BY LeapRate Staff

E*Trade hit with $280,000 CFTC fine for record keeping and supervision issues

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against units of online brokerage firm E*TRADE Financial Corp (NASDAQ:ETFC) - E*TRADE Securities LLC (E*TRADE Securities), an Introducing Broker, and E*TRADE Clearing LLC (E*TRADE Clearing), a Futures Commission Merchant - for non-compliance with applicable record-keeping rules and failure to diligently…