October 05, 2016 BY Valentina Kirilova

Thomson Reuters launches ONESOURCE Indirect Tax Development Partner Program

Thomson Reuters has announced the launch of the Thomson Reuters ONESOURCE Indirect Tax Development Partner Program, a comprehensive program designed to allow and empower developers at third-party firms, independent software vendors and value-added resellers to build, sell and support apps that extend the functionality of the ONESOURCE Indirect Tax platform. Chris Carlstead, managing director, Indirect…

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October 05, 2016 BY Valentina Kirilova

SFC bans a former employee of HSBC for life

The Securities and Futures Commission (SFC) has banned Ms Chen Chia Hui, a former employee of The Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for life following her conviction for bribery. The District Court found that Chen, a relationship manager of HSBC at the material time, accepted a secret commission in…

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October 05, 2016 BY Valentina Kirilova

ICAP and VC firm Accel put $16 million into OpenGamma

OpenGamma, the open source financial software pioneer and provider of derivatives risk analytics, has raised over $16 million from institutional investors. The funds will be used to address increasing demand from financial institutions for more efficient use of capital and technology resources. By deploying an innovative range of software-as-a-service (SaaS) solutions based on an open…

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October 05, 2016 BY LeapRate Staff

CFI Markets eases margin requirements on various FX and CFD instruments

CySEC regulated retail forex broker CFI Markets has issued a note to clients, indicating that it is now easing margin requirements on certain currency pairs and other financial instruments. CFI had taken steps around the June Brexit vote to limit client trading leverage by raising required margins. Those margin requirements were eased somewhat soon after…

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October 05, 2016 BY Valentina Kirilova

ICE Data Services launches Best Execution service for fixed income in EMEA

Intercontinental Exchange (NYSE:ICE), the operator of global exchanges and clearing houses and provider of data and listings services, has announced ICE Data Services has expanded coverage for its Best Execution service to include sovereign and corporate bonds in Europe, the Middle East and Africa (EMEA). Best Execution leverages ICE’s fixed income Continuous Evaluated Pricing to measure best…

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October 05, 2016 BY LeapRate Staff

Former Gain Capital COO Chris Calhoun joins board of UK business

LeapRate Exclusive… LeapRate has learned via regulatory filings that the former COO of Gain Capital Holdings Inc (NYSE:GCAP), Chris Calhoun, has (sort of) rejoined the company, at least in a non-executive capacity. Calhoun has joined the board of directors of Gain Capital UK Limited, the London-based FCA regulated arm of Gain Capital and its Forex.com…

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October 05, 2016 BY Valentina Kirilova

GMO Click continues its Equity Trading Value plunge in September

GMO Click Holdings Inc (TYO:7177) has released the following monthly preliminary report of its subsidiaries for September 2016. Preliminary figures described below are subject to change. The total of Equity Trading Value keeps dropping from July - 1,661,545 in September. Numbers of Executed Equity Trades were also down last month. See details in the table below: To see…

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October 05, 2016 BY LeapRate Staff

Belgium Forex and Binary Options ban backfiring as unregulated brokers filling the void

LeapRate Exclusive... LeapRate has learned that the Belgium government's ban on leveraged Forex, CFD and Binary Options trading in order to 'protect Belgian consumers of financial services' has effectively backfired. At least so far. As reported at LeapRate, Belgium's financials regulator FSMA announced the ban in mid August, giving brokers serving Belgian customers a few weeks…

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October 05, 2016 BY Valentina Kirilova

FCA fines Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited £8.2m for Client Money and Assets failings

The Financial Conduct Authority (FCA) has today fined Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited (together Aviva) £8,246,800 for failings in its oversight of its outsourced providers in relation to the protection of client assets. Mark Steward, Director of Enforcement and Market Oversight at the FCA said: Aviva outsourced the administration of…

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