November 16, 2016 BY Valentina Kirilova

African Securities Exchanges Association and the CISI have signed a MoU

The African Securities Exchanges Association (ASEA) and the Chartered Institute for Securities & Investment (CISI) have signed a Memorandum of Understanding (MoU) to provide an effective framework to develop a common certification programme across the 26 ASEA Member Exchanges. The aim of the partnership is to promote professionalism and develop channels for capacity building and…

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November 16, 2016 BY Valentina Kirilova

FCA warns on London Commodity Exchange Plc firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm London Commodity Exchange Plc. London Commodity Exchange Plc is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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November 16, 2016 BY Valentina Kirilova

London Stock Exchange Group’s ELITE to sign agreement with Budapest Stock Exchange

London Stock Exchange Group (LSEG) has announced that its business development programme, ELITE, has signed an agreement with Budapest Stock Exchange (BSE) to launch a tailored ELITE programme in Hungary. BSE becomes ELITE’s first stock exchange partner in Europe. The agreement will see ELITE and Budapest Stock Exchange work together to roll-out a tailored version…

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November 16, 2016 BY Valentina Kirilova

Alpari launches new standard.mt5 for MetaTrader 5 platform

FX broker Alpari Limited has announced that it has just provided its clients with a new standard.mt5 account. It allows clients to work in the MetaTrader 5 platform under the usual conditions: spreads from 0.3 points, no additional commissions, quote accuracy to five decimal places, minimum lot size from 0.01 and leverage of up to…

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ESMA bond liquidity data
November 16, 2016 BY Valentina Kirilova

ESMA publishes updated AIFMD Q&A

The European Securities and Markets Authority (ESMA) has published an updated questions and answers document (Q&A) on the application of the Alternative Investment Fund Managers Directive (AIFMD). The Q&A includes two new questions and answers on the cross-border marketing of AIFs, clarifying issues around material changes of existing notifications, as well as two new questions…

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November 16, 2016 BY LeapRate Staff

Israel's ISA hands out first-ever Binary Options Broker fine to DGI Market at NIS 500,000

LeapRate Exclusive... LeapRate has learned that Israel financial regulator the Israel Securities Association (ISA) has handed out its first-ever fine to a Binary Options broker, for engaging in unregulated binary trades with Israeli clients. The ISA has fined binary options broker DGI Market (operating from dgimarket.com) and its controlling shareholder Gabriel Lavie a total of…

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CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
November 16, 2016 BY Valentina Kirilova

CLS Group reports a 2.1% drop in October's ADV MoM

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has just announced its monthly volumes and values for October 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,015,928 down 2.1% from 1,038,025 in September 2016. The average daily input value…

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MAS Monetary Authority of Singapore
November 16, 2016 BY Valentina Kirilova

Monetary Authority Of Singapore issues FinTech regulatory sandbox guidelines

The Monetary Authority of Singapore (MAS) has published its regulatory sandbox guidelines to encourage and enable experimentation of solutions that utilise technology innovatively to deliver financial products or services. The guidelines incorporate feedback from the public consultation as well as learning points from actual sandbox applications. The guidelines will improve the clarity, flexibility and transparency…

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November 16, 2016 BY Valentina Kirilova

EFG Hermes signs partnership deal with Saxo Bank

The financial services corporation in the Arab World, EFG Hermes, has just signed a strategic partnership agreement with Copenhagen-based Multi Asset broker Saxo Bank. The move is said to be aimed at enabling full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One. The new platform will grant…

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