Online gaming and financial trading giant Playtech PLC (LON:PTEC) has been in the market repurchasing its own shares every day since last Tuesday, December 6, following its announcement that the company will buy back up to €50 million (USD $53 million) of its own shares in the coming weeks through to December 31, 2016. Playtech bought 785,000…
Read more
The Autorité des marchés financiers (AMF) has warned French investors against marketing material issued by BLUE STONE LTD via several web sites proposing offers to invest in diamonds. BLUE STONE LTD, whose head office is located at 3rd Floor, 120 Baker Street, London, England, W1U 6TU, proposes offers to investors residing in France to invest…
Read more
In remarks fairly critical of the FCA's new rules banning bonus payments to retail traders and limiting trading leverage to 50x, IG Group Holdings plc (LON:IGG) CEO Peter Hetherington questioned the logic behind the FCA's moves, and what the likely fallout will be. While discussing what last week was like with UK newspaper The Telegraph in an…
Read more
ASIC has banned Mr Andrew TambyRajah, a former employee of ANZ Financial Planning, from providing financial services for a period of five years. Mr TambyRajah, of Sydney, New South Wales was a financial planner with ANZ Financial Planning at Hurstville between 19 January 2006 and 30 July 2014. Mr TambyRajah was banned from providing financial…
Read more
Forex Industry News at LeapRate was headlined by regulator moves which are clearly going to alter the online trading industry landscape, if not change it altogether. Following news that Cyprus regulator CySEC is proposing to ban bonus payments to retail traders and put a soft cap on leverage - news which was first reported exclusively at…
Read more
Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List binary broker 72option run by Epic Ventures Ltd., at website 72option.com. According to the BCSC, 72option claims to be a binary options trading brokerage…
Read more
The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of China's central bank, the People's Bank of China (PBoC) has announced 7 new direct renminbi trading links. The seven currencies which PBoC will launch direct trading as of Monday, December 12th include the Turkish lira (TRY), Polish zloty (PLN), the…
Read more
CME Group announced that it has appointed Julie Winkler and Kim Taylor to new roles on its management team. Winkler, a 20-year veteran of CME Group, will serve as the company's Chief Commercial Officer, overseeing sales, product marketing, research and data analysis functions as well as the company's innovation lab. Winkler will report to CME…
Read more
The Securities and Futures Commission (SFC) welcomes the appointment by the Financial Secretary of Mr Edward Cheng Wai-Sun as a Non-Executive Director for a term of two years with effect from 1 January 2017. SFC’s chairman, Mr Carlson Tong, said: I would like to extend a warm welcome to Mr Cheng who brings with him…
Read more
The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has noted from its recent investigations and disciplinary actions that a number of company directors have failed in their duties and not taken a proactive role in fulfilling their responsibilities as directors, either due to a lack…
Read more