January 06, 2017 BY Valentina Kirilova

SFC reprimands and fines an employee of Core Pacific – Yamaichi International (HK) Limited

The Securities and Futures Commission (SFC) has reprimanded and fined Mr Chang Chyi, an employee of Core Pacific – Yamaichi International (HK) Limited (Core Pacific), $50,000 for breach of the SFC’s Code of Conduct. The SFC’s investigation into suspected uncovered short selling of the shares of China Agri-Products Exchange Limited (China Agri-Products) found that Chang…

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January 06, 2017 BY Valentina Kirilova

FCA warns on clone firm of Gain Capital Ltd

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Gain Capital Ltd, using the identity of Gain Capital Holdings Inc (NYSE:GCAP). Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Gain Capital Ltd (clone of FCA authorised firm) Address:…

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January 06, 2017 BY LeapRate Staff

Walbrook Capital (formerly FXCM Securities) adds Hubwise CEO Angus Macdonald to its board

LeapRate Exclusive... LeapRate has learned that FCA regulated multi-asset broker Walbrook Capital Markets has added Angus Macdonald (pictured above) to its board of directors. Angus Macdonald is currently CEO of Hubwise Securities Limited, a financial services technology and trading platform solutions provider. We understand that Mr. Macdonald's appointment was meant mainly to bring depth of knowledge…

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January 06, 2017 BY Valentina Kirilova

TMX Group announces December volumes, Montréal Exchange with a new monthly record

TMX Group Limited (TSX: X) today announced December 2016 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. MX achieved a new monthly volume record for Options on Three-Month Canadian Bankers' Acceptance Futures (OBX) of 191,170 contracts traded. MX also reached a new…

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January 06, 2017 BY LeapRate Staff

Odey Asset Management hedge fund loses 50% in 2016

Investment management firm Odey Asset Management, which oversees nearly $8 billion in assets and is the largest shareholder in CFD broker Plus500 Ltd (LON:PLUS), apparently had a disastrous 2016. Bloomberg is reporting that Odey disclosed in an investor letter that its main hedge fund lost 49.5% of its value in 2016, thanks to incorrect bearish…

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January 06, 2017 BY Valentina Kirilova

EBS December Forex volumes down 35% MoM to $74.8 billion ADV

NEX Group plc (LON:NXG) just announced its electronic market volumes for the last month of 2016. EBS December Forex volumes dropped down 35% to $74.8 billion ADV from November's hit number, but after all, this was the company's best month since January 2015 at $114.6B ADV. US treasury also dropped with -28.81% to $152.2 billion…

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January 06, 2017 BY Valentina Kirilova

GMO Click reports steady December 2016

GMO Click Holdings, Inc. (TYO:7177), the parent of Japanese online trading giant GMO Click Securities, has released its monthly preliminary report of its subsidiaries for December 2016. Equity Trading Value was ¥1,928,226 last month of 2016, increase with 8.44% MoM. Number of Executed Equity Trades was also slightly higher compared to November - 1,687,796 in…

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