December 14, 2016 BY LeapRate Staff
The Fed decision could get Trumped
On Wednesday the US Federal Reserve is expected to raise rates for the first time in 2016.
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December 14, 2016 BY Valentina Kirilova
Hong Kong SFC adds Florin Investment Limited to its alert list
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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December 14, 2016 BY Valentina Kirilova
FCA proposes changes to FSCS client compensation rules
The Financial Conduct Authority (FCA) has today announced that it is inviting views on the future funding of the Financial Services Compensation Scheme (FSCS) and has also launched a consultation on a number of specific changes to its scheme rules. The FSCS is the UK’s statutory compensation scheme of last resort, which can step in…
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December 14, 2016 BY Valentina Kirilova
SFC publicly criticises SSI Investment for breach of the Takeovers Code
The Securities and Futures Commission (SFC) today publicly criticised Southwest Securities International Investment Limited (SSI Investment), Li Zhi Tao and Dong Jiang Wen for acquiring shares in Southwest Securities International Securities Limited (SSI Securities) within six months after the close of an offer at above the offer price in breach of Rule 31.3 of the…
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December 14, 2016 BY Valentina Kirilova
HKEX places Dejin Resources Group Company Ltd. into the third delisting stage
The Stock Exchange of Hong Kong Limited (HKEX) put Dejin Resources Group Company Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 13 June 2017), the Company’s listing will be cancelled. Trading of the Company's shares was suspended on 16 May…
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December 14, 2016 BY Valentina Kirilova
ASIC reports on corporate insolvencies
ASIC today published its annual overview of corporate insolvencies based on statutory reports lodged by external administrators for the 2015–16 financial year. Report 507 Insolvency statistics: External administrators’ reports (July 2015 to June 2016) is ASIC's eighth report and provides information on the nature of corporate insolvencies, supplementing the monthly statistics that ASIC publishes on…
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December 14, 2016 BY Valentina Kirilova
CMC Markets considers HQ move from UK to Germany following FCA CFD rules: Sky News
Shared from Sky News: Spread-betting giant CMC to mull jobs, HQ move amid FCA crackdown The financial spread-betting giant CMC Markets Plc (LON:CMCX) is to consider relocating chunks of its business away from the UK if the City watchdog presses ahead with plans to curb bets placed by retail customers, as reported by Sky News.…
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December 14, 2016 BY Valentina Kirilova
ThinkMarkets launches EA Buyback campaign
ThinkMarkets, a global multi asset brokerage, has today launched its EA Buyback initiative, giving FX traders more control through manual trading. The campaign will facilitate current automated robot traders to switch over to ThinkMarkets’ ThinkTrader service enabling users to benefit from the strategy building tools available – such as, the extensive list of charting indicators…
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December 14, 2016 BY Valentina Kirilova
Tradency's RoboX signs another Belize-based Russia-focused forex broker NPBFX
Tradency, a global Fintech company focusing on product development and advanced services to financial institutions since 2005, and NPBFX, a company specialized in providing trading services on FOREX market since 1996, announced today the launch of the RoboX service. RoboX is a proprietary learning machine which builds a portfolio of strategies according to the most…
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December 14, 2016 BY Valentina Kirilova
China FX regulator and Ministry of Public Security to keep cracking down on underground banks
China's foreign exchange regulator shared it will continue a campaign to crack down on the operations of underground banks that help people move money offshore, as Beijing steps up efforts to curb capital outflows. Following a meeting with the Ministry of Public Security, the State Administration of Foreign Exchange (SAFE) commented it will continue working…
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