SFC fines
November 16, 2016 BY LeapRate Staff

IB Capital FX hit with $35 million restitution and fine payments by US court for illegal Forex trading

The U.S. Commodity Futures Trading Commission (CFTC) obtained a Consent Order against Defendants IB Capital FX, LLC and its principals Michel Geurkink, and Emad Echadi, requiring them to pay, jointly and severally, $35 million in restitution to defrauded customers and a $420,000 civil monetary penalty for soliciting and accepting at least $50 million from approximately 1,850…

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November 16, 2016 BY Valentina Kirilova

Bats Europe expands reach of new UK indices

Bats Global Markets, Inc. (Bats: BATS) has announced that data for its UK-focused indices, which were launched this summer, is available via the following leading market data providers: Boerse Stuttgart Bloomberg Bloomberg PolarLake FactSet FE (Financial Express) FIS MarketMap ICE Data Services IHS Markit Infront IRESS Morningstar NBTrader RIMES SIX Financial Information Thomson Reuters WFG…

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November 16, 2016 BY Valentina Kirilova

Gain Capital launches money transfer business ForeignExchange.com

More than nine months after first announcing the plans, Retail forex broker Gain Capital Holdings, Inc. (NYSE:GCAP) has finally announced the Beta launch of ForeignExchange.com, its new international money transfer service, in the UK market. LeapRate initially reported on the planned launch of ForeignExchange.com, as indicated above, in February. Earlier this month Gain Capital had…

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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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