December 16, 2016 BY Valentina Kirilova

Montréal Exchange sets new record, surpasses one million contracts in open interest on BAX

TMX Group (TSX:X) today announced that Montréal Exchange (MX) achieved a new open interest record on the Three-Month Canadian Bankers' Acceptance Futures (BAX (1 BAX contract = C$ 1 000,000 dollars)), reaching 1,003,916 contracts on December 13, 2016 and surpassing 1 million contracts for the first time ever. TMX Group has already announced earlier this…

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December 16, 2016 BY Valentina Kirilova

Sydney financial adviser banned for three years

ASIC has banned Ms Keira Jane Keegan, a financial adviser and former representative of Protect Ensure Pty Ltd, from providing financial services for a period of three years. The banning results from an investigation into Ms Keegan's conduct in recommending self-managed superannuation fund clients invest in financial products issued by Protect Ensure. Ms Keegan worked…

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BCSC warning
December 16, 2016 BY LeapRate Staff

Canadian regulator BCSC warns against Binary Options broker BinaryBook

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 BinaryBook at website binarybook.com, owned and operated by Tech SB Ltd. According to the BCSC, BinaryBook claims to be a binary options…

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December 15, 2016 BY admin

E-Global Trade & Finance Group gets broker license in Luxembourg

E-Global Trade & Finance Group, the holding company of popular retail FX broker brands Forex4you and Share4you announced it has received authorization from the Luxembourg Ministry of Finance and Commission de Surveillance du Secteur Financier to operate a brokerage as E-Global Trade & Finance Luxembourg S.A. According to the company, the license (which was authorized last…

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December 15, 2016 BY admin

Citigroup funds London forex trading blockchain startup Colbalt

It was announced today that Citigroup Inc (NYSE:C) has invested in London-based FX blockchain startup Colbalt. The company also announced it added Charlotte Crosswell, former Nasdaq NLX CEO as a strategic advisor as the service gets closer to launch. Terms of the investment were not announced. Cobalt DL, a FX post-trade processing network based on distributed ledger technology…

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December 15, 2016 BY admin

TORA integrates new multi-asset charting solution from ChartIQ

Tora Trading Services Ltd (TORA), a global provider of investment management technologies supporting the full trading lifecycle, today announced the launch of new multi-asset charting technology in partnership with ChartIQ. The fully integrated new tool, which supplements TORA’s existing charting technology, provides a powerful yet intuitive charting platform featuring a full suite of drawing tools and technical…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
December 15, 2016 BY Valentina Kirilova

IOSCO stresses importance of implementation and disclosure related to new accounting standards

The Board of the International Organization of Securities Commissions (IOSCO) published today a Statement on Implementation of New Accounting Standards related to revenue, financial instruments, and leases. The three new International Financial Reporting (IFRS) Standards, issued by the International Accounting Standards Board, are expected to significantly affect the financial statements of many issuers globally, given…

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ESMA bond liquidity data
December 15, 2016 BY Valentina Kirilova

ESMA consults on extending aggregated trade repository data

The European Securities and Markets Authority (ESMA) has opened today a public consultation on the extension of data available to the public in trade repositories as stipulated in the European Market Infrastructure Regulation (EMIR). Public data has experienced several problems related to the comparison and aggregation of data across trade repositories. Therefore, ESMA is setting out…

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USD/JPY AUDJPY
December 15, 2016 BY Valentina Kirilova

Japanese yen is getting crushed

The Japanese yen is getting crushed - dropped with 0.7% at 118.0250 per dollar as of 7:38 a.m ET. This happens in the aftermath of the Federal Reserve's decision to raise rates for the second time this decade. As most of the market watchers expected, the Federal Reserve decided to raise its benchmark interest rate by 25…

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