The Securities and Futures Commission (SFC) has reprimanded and fined FXCM Asia Limited (HK FXCM) (now known as Rakuten Securities Hong Kong Limited) HK$4 million for regulatory breaches in relation to its order execution practice for foreign exchange (Forex) trading. An SFC investigation found that from December 2006 to December 2010, HK FXCM and its…
Read moreThe Securities and Exchange Commission (SEC) has announced that Ernst & Young LLP has agreed to pay more than $11.8 million to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate earnings. Ernst & Young’s payment will be combined with the $140 million penalty agreed…
Read moreThe global network of independent technology consulting and software services firms, DataArt, has announced that Deutsche Börse Group, one of the largest exchange organisations worldwide, has joined a growing list of clients in its rapidly expanding Finance Practice. DataArt has partnered with Deutsche Börse to create an interactive eLearning program on Exchange Traded Funds (ETFs). The program targets…
Read moreAre retail forex traders actively switching from MT4 to MT5?
Read moreHong Kong Exchanges and Clearing Limited (HKEX) has announced that the Black Rainstorm Warning has not affected trading in the securities and derivatives markets, which continue to operate as normal. According to the rules, trading will continue until the end of today’s last trading session. For the details of arrangements for trading, and clearing and…
Read moreDigital payment solutions provider Paysafe Group Plc (LON:PAYS) has shared that its payolution division has announced the UK launch of its ‘buy now, pay later’ service. Vienna-based payolution’s entry into this latest market starts with the first UK integration of the company’s instalment payment option for Odlo, the Norwegian-based online sports retailer with stores across the UK…
Read moreGMO CLICK Holdings, Inc. (TYO:7177) has released the following preliminary consolidated financial results for the Second Quarter of the Fiscal year ending March 31, 2017. Official financial results announcement is scheduled on October 25, 2016. Preliminary Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2017 (April 1, 2016 to September 30,…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated retail Forex and CFD broker Valutrades has launched ValuRadio - effectively an audio-only portion of its website. ValuRadio is initially posting daily audio FX Research summaries, presented by traders Malte Kaub and Paul Wallace (more on them below). However we understand that the company has plans to…
Read moreSecurities Commission Malaysia (SC) has filed a civil suit at the Kuala Lumpur High Court against Dato’ Sreesanthan Eliathamby for insider trading involving the shares of Worldwide Holdings Bhd (Worldwide). In the claim filed on 12 October 2016, SC claimed that Dato’ Sreesanthan had breached section 89E(2)(a) of the Securities Industry Act 1983 (SIA), where…
Read moreNasdaq (Nasdaq:NDAQ) has announced that Shanghai Futures Exchange (SHFE), one of the world’s largest futures markets, has launched a new market surveillance platform powered by SMARTS, Nasdaq’s flagship surveillance solution. Ulf Carlsson, Vice President and Regional Manager, North Asia and Japan, Nasdaq, said: We are truly honored to be working with Shanghai Futures Exchange on…
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