Playtech on FCA and CySEC bonus and leverage rules: no material impact, we’re buying back shares LeapRate

December 06, 2016 BY LeapRate Staff

Playtech on FCA and CySEC bonus and leverage rules: no material impact, we're buying back shares

Online gaming and financial trading giant Playtech PLC (LON:PTEC) announced today a new share buyback plan, in which Playtech may purchase up to €50 million (USD $54 million) of its own shares in the open market in the coming weeks through to December 31, 2016. Playtech also stated that the recent rule changes announced by financial…

December 06, 2016 BY Valentina Kirilova

SFC commences MMT proceedings over alleged insider dealing in Titan Petrochemicals Group Ltd shares

The Securities and Futures Commission (SFC) has commenced proceedings in the Market Misconduct Tribunal (MMT) against Mr Augustine Cheong Kai Tjieh, a former senior executive of an affiliate of Titan Petrochemicals Group Limited, and his mother Ms Gan Ser Soon, for alleged insider dealing in Titan shares in 2012. The SFC alleges that Cheong and…

December 06, 2016 BY LeapRate Staff

Plus500 on FCA leverage and bonus directives: will have a material impact...

Continuing our coverage of this morning's news that UK financial regulator the FCA has issued new directives, banning bonus payments to retail traders and limiting CFD trading leverage to 50x, FCA regulated broker and #2 UK CFD player Plus500 Ltd (LON:PLUS) has issued a brief statement about the new rules. Plus500 did admit that the new…

December 06, 2016 BY Valentina Kirilova

Saxo Bank expands in China with Phoenix Finance partnership

Global broker Saxo Bank and financial technology firm Phoenix Finance have just signed a MOU to form a white label partnership. The integration process will start in Q1 2017. The partnership will enable Phoenix Finance to integrate Saxo's investment and trading capabilities, directly into their own applications and systems and enhance its offering to clients.…

December 06, 2016 BY LeapRate Staff

IG responds to FCA leverage and bonus directives: how about foreign brokers?

UK online trading leader IG Group Holdings plc (LON:IGG) issued a brief response to this morning's new directives from the FCA, banning bonus payments to retail traders and limiting CFD trading leverage to 50x. The response was issued after IG shares, and those of its main publicly traded competitors including CMC Markets Plc (LON:CMCX) and Plus500 Ltd…

December 06, 2016 BY Valentina Kirilova

Hong Kong SFC adds Global Future City Holding Inc. 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…

December 06, 2016 BY LeapRate Staff

FCA bonus ban and leverage cap sends IG, CMC and Plus500 shares diving 26-30%

The fallout from the FCA's move this morning to ban account opening bonus payments to retail traders, as well as a hard 50x leverage cap on CFD trading, has been quick and swift. And, fairly severe. Shares of several publicly traded FCA regulated CFD brokers including IG Group Holdings plc (LON:IGG), CMC Markets Plc (LON:CMCX)…

December 06, 2016 BY Valentina Kirilova

FCA warns on clone firm of Westburn Finance

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Westburn Finance. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

December 06, 2016 BY Valentina Kirilova

TMX Group announces November volumes, Montréal Exchange sets multiple volume records

TMX Group Limited (TSX: X) today announced November 2016 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. MX set multiple volume records during the month. On November 14, 2016, MX reached a new official non roll daily volume record for the Ten-Year…

December 06, 2016 BY Valentina Kirilova

Raiffeisen to issue structured products with SIX Swiss Exchange

SIX Swiss Exchange has just welcomed Raiffeisen as a new issuer of structured products. Raiffeisen banks have been offering their customers structured investment products as a complement to traditional forms of investment for ten years now. Today, Raiffeisen appeared itself as an issuer of these products for the first time. The first product of Raiffeisen…

SFC commences MMT proceedings over alleged insider dealing in Titan Petrochemicals Group Ltd shares

Plus500 on FCA leverage and bonus directives: will have a material impact...

Saxo Bank expands in China with Phoenix Finance partnership

IG responds to FCA leverage and bonus directives: how about foreign brokers?

Hong Kong SFC adds Global Future City Holding Inc. to its alert list

FCA bonus ban and leverage cap sends IG, CMC and Plus500 shares diving 26-30%

FCA warns on clone firm of Westburn Finance

TMX Group announces November volumes, Montréal Exchange sets multiple volume records

Raiffeisen to issue structured products with SIX Swiss Exchange

Vijay Albuquerque Appointed New Chief Risk Officer at CME Clearing

Euronext Launches European Common Prospectus to Boost IPO Activity Across the EU

Regulus Financial Group Fined by FINRA Over Form CRS Failures

StoneX Subsidiary Gain Global Markets Bermuda Fined by CME Group

AJ Bell’s Assets Under Administration Rise to £90.4bn