forex industry news update
December 11, 2016 BY LeapRate Staff

Forex Industry Week Review: CFD regulation, new SpotOption CEO, FXCH fundraising, Gain Capital Payments CEO quits, and lots more…

Forex Industry News at LeapRate was headlined by regulator moves which are clearly going to alter the online trading industry landscape, if not change it altogether. Following news that Cyprus regulator CySEC is proposing to ban bonus payments to retail traders and put a soft cap on leverage - news which was first reported exclusively at…

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December 11, 2016 BY LeapRate Staff

Canadian regulator BCSC warns against Binary Options broker 72option

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 72option run by Epic Ventures Ltd., at website 72option.com. According to the BCSC, 72option claims to be a binary options trading brokerage…

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December 10, 2016 BY admin

China launches 7 new direct currency pair links with renminbi

The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of China's central bank, the People's Bank of China (PBoC) has announced 7 new direct renminbi trading links. The seven  currencies which PBoC will launch direct trading as of Monday, December 12th include the Turkish lira (TRY), Polish zloty (PLN), the…

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December 09, 2016 BY Valentina Kirilova

SFC welcomes appointment of Non-Executive Director

The Securities and Futures Commission (SFC) welcomes the appointment by the Financial Secretary of Mr Edward Cheng Wai-Sun as a Non-Executive Director for a term of two years with effect from 1 January 2017. SFC’s chairman, Mr Carlson Tong, said: I would like to extend a warm welcome to Mr Cheng who brings with him…

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December 09, 2016 BY Valentina Kirilova

HKEX launches program training for company directors in 2017

The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has noted from its recent investigations and disciplinary actions that a number of company directors have failed in their duties and not taken a proactive role in fulfilling their responsibilities as directors, either due to a lack…

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Deutsche Börse
December 09, 2016 BY Valentina Kirilova

Two new BNP Paribas precious metal ETCs launched on Xetra

ETCs provide access to performance of gold and palladium Two new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Friday. The BNPP Gold ETC enables investors to participate in the performance of the precious metal gold, and the BNPP Palladium ETC tracks the…

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Deutsche Bank
December 09, 2016 BY Valentina Kirilova

Deutsche Bank moves top CDS trader amid $1.1 trillion exit to a role in emerging-market bonds

Deutsche Bank AG moved the trader who was leading the wind-down of a $1.1 trillion credit-default swaps portfolio to a role in emerging-market bonds, according to Bloomberg. Aditya Singhal, described as “one of the most profitable traders” at Deutsche Bank’s European credit business, will become head of local markets trading for central and eastern Europe,…

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December 09, 2016 BY Valentina Kirilova

Börse Berlin implements Scila Surveillance for prevention of market abuse and insider dealing

Börse Berlin has chosen to implement Scila Surveillance, provided by the Stockholm-based independent surveillance technology provider Scila. Scila will provide Börse Berlin with a highly flexible real-time market surveillance solution. Scila Surveillance will be used by Börse Berlin to monitor and prevent Market Abuse and Insider Dealing, protecting investors and strengthening confidence in the financial…

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