December 01, 2016 BY LeapRate Staff

PIMCO pays $18 million penalty to settle SEC charges it misled investors about ETF performance

The U.S. Securities and Exchange Commission (SEC) has announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20 million (including a penalty of more than $18 million) to settle charges that it misled investors about the performance of one its first actively managed exchange-traded…

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December 01, 2016 BY admin

CME Group's energy sector led by oil trading hits all-time daily high

Trading is heating up in oil as reported earlier from ICE, who also hit a new daily volume record led by crude futures, due to OPEC cuts. Likewise, yesterday CME Group (NASDAQ: CME), hit a record high in single-day Energy complex volume with 4,510,408 combined futures and options contracts traded on November 30, 2016, breaking…

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December 01, 2016 BY admin

With OPEC cutting, Crude Oil futures set new daily volume record

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listing services, today announced that ICE Brent Crude futures achieved a daily volume record of 1,963,147 contracts on November 30, 2016. The catalyst for the big jump in volume and rise in oil prices yesterday was due in…

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amf
December 01, 2016 BY Valentina Kirilova

The AMF consults on the conditions for implementing redemption gates on open-end funds

The possibility of providing redemption gates, which is currently offered to funds of alternative funds, professional investment funds and real-estate collective investment undertakings, has been extended by a provision of the “Sapin II” bill. It is now up to the Autorité des marchés financiers (AMF) to determine the cases and conditions under which asset management…

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ESMA bond liquidity data
December 01, 2016 BY Valentina Kirilova

ESMA launches new database providing free credit ratings information to public

The European Securities and Markets Authority (ESMA) has today launched its new database, the European Ratings Platform (ERP), to provide access to free, up-to-date information on credit ratings and rating outlooks on its website. The ERP is an important element of ESMA’s work, following the financial crisis, to increase transparency around credit ratings and help…

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December 01, 2016 BY Valentina Kirilova

Bats welcomes PowerShares as a new issuer to the Bats ETF Marketplace

Bats Global Markets, Inc.(Bats: BATS) has just welcomed PowerShares as a new issuer to the Bats ETF Marketplace with the launch of two factor-based funds. The PowerShares S&P International Developed High Dividend Low Volatility Portfolio (Bats: IDHD) seeks investment results that generally correspond to the price and yield of the S&P EPAC Ex-Korea Low Volatility…

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December 01, 2016 BY Valentina Kirilova

Naga Group and Deutsche Börse form the joint venture Switex

Hamburg-based FinTech firm Naga Group AG and Deutsche Börse Group are to launch the first global exchange for virtual gaming products. The two companies have set up the joint venture firm Switex GmbH which will launch the world’s first neutral, secure and reliable platform for the exchange and trade of in-game items. The management team…

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