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 SLS Trade. SLS Trade is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read more
Bats Global Markets, Inc. (Bats:BATS) has welcomed two Deutsche Asset Management ETFs to the Bats ETF Marketplace, bringing the total number of funds listed by the issuer to five. The two funds are the Deutsche X-trackers Barclays International Corporate Bond Hedged ETF (Bats: IFIX) and the Deutsche X-trackers Barclays International Treasury Bond Hedged ETF (Bats:IGVT). IFIX seeks…
Read more
Business information giant Thomson Reuters Corp (NYSE:TRI) and Singapore Exchange (SGX) have announced that the TR/SGX Singapore Fixed Income Indices (TR/SGX SFI) have been selected as the recommended fixed income benchmark by United Overseas Bank (UOB) following the discontinuation of the UOB SGS Index. Launched in 2013, the TR/SGX SFI offer a comprehensive solution for tracking the…
Read more
LeapRate Exclusive... LeapRate has learned that CySEC regulated retail forex broker Kawase has named Alex Katsaros as its new CEO. Katsaros joins Kawase from forex platform provider Spotware, where he was Head of Product Development for Spotware's cTrader platform for six years. Kawase runs the cTrader platform, whose leading users include FxPro and IC Markets. The…
Read more
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 Mackenzie & Brooke. Mackenzie & Brooke is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
Cyprus financial regulator CySEC has imposed a fine of €225,000 on XFR Financial Ltd, the parent company of retail forex broker XTrade, for a variety of violations. The largest parts of the fine relate to: providing investment investment advice without authorisation, failing to act fairly, honestly and professionally or in the best interests of clients in granting trading bonuses,…
Read more
Forex trading platform developer MetaQuotes has announced that the latest MetaTrader 5 update allows clients to quickly open a demo account at a brokerage company. This feature is available only on the MQL5.com website. Everyone could test the web platform using their broker's demo account. The test could be done by launching the WebTerminal on MQL5.community, then writing the…
Read more
Alpari has been discussing priority areas of cooperation with Republic of Mauritius government officials and the country’s financial institutions, LeapRate reported earlier today. Latest news from the global financial brand Alpari is that it has opened a new international headquarters on 25 October, 2016 in the macro-region which encompasses the countries of Southern Africa and the Indian Ocean basin.…
Read more
During an official visit to China, National Settlement Depository (NSD), Russia’s central securities depository, have signed a memorandum of understanding with China Securities Depository and Clearing Corporation Limited (CSDC), China’s central securities depository providing services to the Shanghai Stock Exchange and the Shenzhen Stock Exchange. The parties have agreed to exchange experience and information, and…
Read more
The FCA has today banned two individuals from performing any function in relation to any regulated activity in the financial services industry. On 22 November 2013, Richard Aston Clay and Kathryn Joy Clark were charged with dishonesty offences by the Serious Fraud Office and Nottinghamshire Police. The offences committed by Mr Clay and Ms Clark…
Read more