Oil prices edged higher on Friday as output cuts by OPEC members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply, as reported by Reuters earlier today. Brent crude futures LCOc1 were trading at $57.20 per barrel at 1229 GMT (7:29 a.m. ET),…
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Forex social trading network and copy trade company FX Junction announced today for users a new account security feature with 2-Way Authentication by incorporating the Google Authenticator. The company recommends all members to activate this feature and particularly members with Live linked accounts - to prevent any unauthorized access. The principle is simple: If you…
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The Autorité des marchés financiers (AMF) is warning the public about proposals to invest in diamonds. Seemingly highly attractive, and often presented as a safe investment, these proposals make glowing promises of exceptional and even unrealistic returns. The AMF is calling on individual investors to exercise the greatest vigilance. The AMF is observing a strong…
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The global clearing house LCH announced today that its SwapClear service cleared record volumes of interest rate derivatives in 2016, processing over $665 trillion in notional over the course of the year, representing an annual increase of 25%. Both members and their clients increased their flows through LCH, with the buy side clearing a record…
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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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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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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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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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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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The European alternative banking and payments solutions group, Contis Group, just announced that has set up a new division in Vilnius, Lithuania as part of its €1 million investment plan over the next two years. Contis is a pan-European E-Money institution, regulated by the FCA, and Issuer of Visa Europe and Visa certified processor. For major…
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