January 04, 2017 BY Valentina Kirilova

EEX Group announces key figures of December 2016, 17% YoY rise in commodities

The European Energy Exchange EEX Group provides the central market platform for energy and commodity products. The offering of the group comprises contracts listed at the European Energy Exchange (EEX), EPEX SPOT, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) as well as clearing and settlement via European Commodity Clearing (ECC).…

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January 04, 2017 BY Valentina Kirilova

HKEX to offer RMB Currency Options

Hong Kong Exchanges and Clearing Limited (HKEX) plans to offer Renminbi (RMB) Currency Options and is aiming to roll out a US dollar/Offshore RMB (USD/CNH) contract in the first quarter of this year, subject to market readiness. HKEX’s USD/CNH Options provide the following trading benefits: Flexibility of trading and hedging strategies for various market conditions…

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amf
January 04, 2017 BY Valentina Kirilova

AMF lauches a consultation on modifications to its general regulation

The Autorité des Marches Financiers (AMF) is launching a public consultation, running until 31 January 2011, on the modifications to some of the provisions in its General Regulation. The intermediation in miscellaneous property system concerns two types of transactions: proposals in the form of advertising and direct marketing inviting individuals to subscribe to life annuities…

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January 04, 2017 BY Valentina Kirilova

Shenzhen Stock Exchange 2017 market overview

CFFEX, SSE and SZSE take stake in Pakistan Stock Exchange Recently, China Financial Futures Exchange (CFFEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), Pak China Investment Company Limited and Habib Bank Limited as a consortium have won the bid to purchase a 40% stake in the Pakistan Stock Exchange. The three exchanges will hold…

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January 04, 2017 BY Valentina Kirilova

ASIC cancels Vontelle Pty Ltd credit licence

ASIC has cancelled the Australian credit licence held by Vontelle Pty Ltd (Vontelle). ASIC found that from around September 2016, Vontelle had not complied with its obligation to maintain the competence to engage in credit activities. In particular, ASIC was concerned that although Mr James David Gibbs was listed as the key person for the…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
January 04, 2017 BY Valentina Kirilova

Dubai police arrest CEO of Exential Forex scam, Sydney Lemos

An Indian chief executive of a forex trading company in Dubai who swore to double investors' money was arrested for suspected fraud, authorities announced. Sydney Lemos, 36, from Goa was the owner of Exential, a forex trading company in Dubai and was behind the failed Dh50 million ($13.6 million) foreign exchange scheme, the National daily…

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January 03, 2017 BY LeapRate Staff

CFTC Chairman Timothy Massad resigns

Following his boss Barack Obama out the door, CFTC Chairman Timothy G. Massad has announced that he has tendered his resignation to President Obama as Chairman of the U.S. Commodity Futures Trading Commission (CFTC), effective on January 20, 2017 - not coincidentally the day of President-elect Trump's inauguration. Mr. Massad, age 60, served as the head…

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