TAIFEX obtains Commission Certification from CFTC for Nifty 50 Futures Contract LeapRate

November 17, 2016 BY Valentina Kirilova

TAIFEX obtains Commission Certification from CFTC for Nifty 50 Futures Contract

The Taiwan Futures Exchange’s (TAIFEX) Nifty 50 Futures contract received Commission Certification from the United States Commodity Futures Trading Commission (CFTC) on November 8, 2016, right after the launch of TAIFEX Nifty 50 Futures on November 7. The TAIFEX Nifty 50 Futures contract can now be offered and sold to U.S. persons. The Nifty 50…

November 17, 2016 BY Valentina Kirilova

Markit Group's Rony Grushka joins Algomi Board Of Directors

Algomi, the network company providing information-matching solutions for the optimisation of fixed income liquidity, has announced Rony Grushka joined its board with immediate effect. Grushka was a co-founder of Markit Group and played a major role in building it into one of the world’s most highly respected financial information companies. Over 13 years, he has…

November 17, 2016 BY Valentina Kirilova

Sydney man convicted after pleading guilty to insider trading

ASIC has announced that Sydney man Fei Yu has been convicted by Justice Armitage of the NSW District Court after pleading guilty to one rolled up charge of insider trading and formally admitting a second insider trading offence that was taken into account by the Court. Mr Yu has been released on recognizance subject to…

November 17, 2016 BY Valentina Kirilova

Hong Kong SFC adds AMC International (HK) Limited 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…

November 17, 2016 BY Valentina Kirilova

CFTC clears major clearinghouses in latest Stress Test

The Staff of the U.S. Commodity Futures Trading Commission (CFTC) has issued a report detailing the results of a supervisory stress test of major clearinghouses. The purpose of the analysis was to assess the impact of a hypothetical set of extreme but plausible market scenarios across multiple clearinghouses and their clearing members. The analysis included…

November 17, 2016 BY Valentina Kirilova

Malta MFSA warns against get-rich-quick website Gemini2.co

The Malta Financial Services Authority (MFSA) has become aware of the website www.gemini2.co which claims that is searching for 50 beta testers who will make 'at least $12,341.37 a day'. What a salary indeed! The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. The…

November 17, 2016 BY LeapRate Staff

Rakuten replaces Qatar Airways as the Shirt Sponsor of FC Barcelona in $260 million sponsorship deal

This is clearly in a different league than some of the recent Forex Sports Sponsorships and brand ambassador-ships we've been reporting on the past while, which have become a very hot issue in the industry of late. Japanese online e-commerce giant Rakuten Group has inked a four-year, nine figure deal to replace Qatar Airways as…

November 17, 2016 BY Valentina Kirilova

FCA warns on clone firm of M J Ansen

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm M J Ansen. 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…

November 17, 2016 BY Valentina Kirilova

ASIC bans former Sentinel Private Wealth adviser for five years

ASIC has banned Stephen Michael Beckton, a financial adviser and former authorised representative of Sentinel Private Wealth Pty Ltd, from providing financial services for five years. ASIC found Mr Beckton did not comply with financial services laws on a number of occasions. An ASIC review of Mr Beckton's advice found that he had recommended clients…

November 17, 2016 BY LeapRate Staff

Gain Capital GTX Tokyo matching engine to go live in January

GTX, the institutional foreign exchange trading arm of GAIN Capital Holdings Inc (NYSE: GCAP), has announced that it will launch a new matching engine for its flagship ECN in Tokyo January 31, 2017. GTX had previously announced plans for the Tokyo matching engine in September, alongside those for a new London matching engine. The London site…