December 20, 2016 BY Valentina Kirilova

TransferMate becomes West Ham United global payments sponsor

West Ham United has just announced global payments company TransferMate as the Club’s Official Payments partner. The agreement will see TransferMate operate as the Club’s exclusive foreign currency provider for all relevant services relating to foreign exchange payments, including player transfer transactions. TransferMate’s partnership will include the utilisation of various Club platforms, both digitally and at…

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December 20, 2016 BY Valentina Kirilova

Moscow Exchange Group: CJSC MICEX Stock Exchange and MB Techonologies merged with parent company

On 19 December 2016, Moscow Exchange Group announced that has completed an internal reorganization in which CJSC MICEX Stock Exchange and MB Techonologies, wholly-owned subsidiaries of Moscow Exchange, were merged with the parent company. Accordingly, MICEX Stock Exchange and MB Techonologies have legally ceased to exist as of 19 December. Moscow Exchange has become a…

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Bank of China (UK) Limited joins LCH’s SwapClear
December 20, 2016 BY Valentina Kirilova

LCH Group announces update on potential sale of LCH SA

Further to the announcement by London Stock Exchange Group plc (LON:LSE) that LSEG and LCH Group Limited are exploring the sale of LCH SA, LCH Group’s French-regulated operating subsidiary, in order to enable LSEG to address proactively anti-trust concerns raised by the European Commission in relation to certain businesses, LSEG and LCH Group announce that they…

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December 20, 2016 BY LeapRate Staff

The expanding world of RegTech: Backpack.io founder Yoni Avital speaks

LeapRate Exclusive Interview… LeapRate reported exclusively last month that trading platform provider TradeSmarter has spun off a new RegTech company called Backpack. Based in Singapore, Backpack (www.backpack.io) provides turnkey back office solutions for brokers. Since posting, we've had a lot of queries from LeapRate readers about RegTech, and why it is becoming an important issue…

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cysec cif licence suspension
December 20, 2016 BY Valentina Kirilova

CySEC extends suspension of Best Choice FBC Ltd

Following the announcement dated 29th September 2016, the Cyprus Securities and Exchange Commission (CySEC), after a decision at the meeting dated 28th November 2016, announced that the authorisation of the Cyprus Investment Firm Best Choice FBC Ltd will continue to be suspended. The company’s CIF authorisation will remain suspended until CySEC decides whether to withdraw…

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fma warns against unregulated company
December 20, 2016 BY Valentina Kirilova

Italy regulator CONSOB warns on eight new brokers

Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has issued a public warning against new forex brokers. CONSOB has: -suspended for a period of 90 days, under the terms of art. 99, paragraph 1, letter b), of the Consolidated Law on Finance - CLF, Service Merchant Corp. from its activities…

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December 20, 2016 BY Valentina Kirilova

Paysafe Group to start share buyback programme

Payments services company Paysafe Group plc (LON:PAYS) today announced that it intends to commence an inaugural share buyback programme of up to £100 million. The Paysafe buyback comes to counteract a large drop in Paysafe's share price, following a negative report issued by short seller Spotlight Research on the company's connection to illegal gaming out…

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