Germany's BaFin maintains restrictions on retail trading with financial CFDs
December 09, 2016 BY LeapRate Staff

Israeli online broker Plus500 and CMC Markets both 'welcome' new BaFin German CFD regulations

Leading CFD brokers Plus500 Ltd (LON:PLUS) and CMC Markets Plc (LON:CMCX) have each issued statements in response to yesterday’s new directives from German financial regulator BaFin on CFD trading. In summary, each of Plus500 and CMC Markets stated that they welcomed BaFin's moves. Both Plus500 and CMC Markets stated that they already provide negative balance…

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LCH SwapAgent completes its first trades compression
December 09, 2016 BY Valentina Kirilova

LCH clears over $1 trillion in inflation swaps notional

LCH, a global clearing house, announced that its SwapClear service has cleared a total of $1 trillion in notional of inflation swaps since the service launched in April 2015. This achievement follows a significant increase in cleared activity on the buy and sell side following the implementation of non-cleared margin rules in September 2016. Inflation-linked…

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Canadian Securities Administrators CSA
December 09, 2016 BY Valentina Kirilova

CSA publish amendments mandating a CSA mutual fund risk classification methodology for use in fund facts and ETF facts

The Canadian Securities Administrators (CSA) published final amendments that require fund managers to use a standardized CSA mutual fund risk classification methodology to determine the investment risk level of conventional mutual funds and exchange-traded mutual funds (ETFs) (collectively referred to as “mutual funds”) in the Fund Facts and ETF Facts, respectively. Currently, fund managers must…

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December 09, 2016 BY LeapRate Staff

Odey continues to buy Plus500 shares, up to 22.4% holding

Taking advantage of the recent steep price drop in Plus500 Ltd (LON:PLUS) shares, UK investment manager Odey Asset Management LLP has continued to build its stake in the CFD broker. LeapRate has learned via regulatory filings that Odey acquired another 1.29 million Plus500 shares on Wednesday, spending about £4.8 million (USD $6.1 million) and accounting for…

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sec building
December 09, 2016 BY Valentina Kirilova

Enforcement Director Andrew J. Ceresney to leave SEC

The Securities and Exchange Commission (SEC) announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. During his nearly four years as head of the agency’s largest division, Mr. Ceresney implemented approaches that strengthened the Division’s investigative and litigation practices and enhanced its effectiveness and impact. Under his…

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December 09, 2016 BY Valentina Kirilova

AAT affirms ASIC's permanent ban of former Get Approved Finance broker

The Administrative Appeals Tribunal (AAT) has affirmed the ASIC decisions to permanently ban former Perth-based finance broker Mr Grant Aaron Parker from engaging in credit activities and providing financial services. In affirming the ASIC decisions, the AAT found that a permanent banning order of Mr Parker was appropriate as he had intentionally misled his clients,…

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gain capital payments
December 09, 2016 BY LeapRate Staff

CEO of Gain Capital's ForeignExchange.com money transfer business Jeff Scott resigns

LeapRate Exclusive... LeapRate has learned that Jeff Scott, until recently the COO of Gain Capital Holdings Inc (NYSE:GCAP), has left the company. Mr. Scott has resigned his relatively new position as CEO of Gain's recently-launched ForeignExchange.com money transfer business. Jeff Scott had been COO of Gain Capital, and the #2 executive to co-founder and longtime Gain Capital…

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IG Group office
December 09, 2016 BY LeapRate Staff

IG Group issues statement on BaFin's CFD rule changes

UK online trading leader IG Group Holdings plc (LON:IGG) issued a brief response to yesterday's new directives from German financial regulator BaFin on CFD trading. The IG press release on the matter reads as follow: 08 December 2016 IG GROUP HOLDINGS PLC Response to BaFin Announcement regarding CFDs IG Group ("IG", "the Company"), a global leader…

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December 09, 2016 BY admin

IQBroker launches new algo trading platform for equities, futures and forex traders

Las Vegas-based IQBroker LLC has announced the launch of IQBroker, its unique algorithmic trading platform for equities, futures and forex traders. During beta testing IQBroker will be available for free to everyone. After the beta testing period IQBroker will offer a free Community Edition for advanced charting, portfolio backtesting and trade simulation, as well as…

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