October 17, 2016 BY Valentina Kirilova

CySEC fines the Bank of Cyprus Public Company Ltd and its Director

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that it has investigated the compliance of Bank of Cyprus Public Company Ltd, its Board of Director Members’ and its General Manager with the Transparency Requirements and has identified the existence of violations and imposed administrative fines. Bank of Cyprus Public Company Ltd has been charged with…

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October 17, 2016 BY LeapRate Staff

Gain Capital shares drop to 52 week low as investors' patience wanes

Tough times for the US based retail forex brokers. And their shareholders. Shares of Gain Capital Holdings Inc (NYSE:GCAP), parent company of retail forex broker Forex.com and institutional brand GTX, have continued to drift downward the past few months, hitting a 52 week low late last week. At Friday's close of $5.70, Gain Capital shares are…

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October 17, 2016 BY Valentina Kirilova

Thai bourse appoints new executive in charge of corporate strategy

The Stock Exchange of Thailand (SET) has appointed Chirathep Senivongs as Executive Vice President (EVP), Corporate Strategy Division, to oversee international relations, effective from November 1, 2016. SET President Kesara Manchusree said: Chirathep is equipped with strong expertise in expanding business both domestically and overseas, As such, this key mechanism will further enhance cooperation and…

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October 17, 2016 BY Valentina Kirilova

Six new BNP Paribas ETCs from industrial metals commodities sector launched on Xetra

Six new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Monday. The six new BNP Paribas ETCs enable investors to participate in the performance of the individual industrial metals aluminium, lead, copper, nickel, zinc and tin. The corresponding reference index from the Rogers…

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October 17, 2016 BY Valentina Kirilova

Core banking supplier Misys' IPO hit by Brexit

The forthcoming IPO of UK-based core banking supplier Misys is running into strong Brexit headwinds as its equity backers prepare to shear £1 billion off the anticipated value of the firm in response to volatile trading conditions. Misys has announced plans to float in early November couple of weeks ago, putting a $5 billion price…

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October 17, 2016 BY Valentina Kirilova

CySEC to liquidate Forticap BalkanValue Equities and Forticap Global Currencies Fund investment compartments

The Cyprus Securities and Exchange Commission (CySEC) has announced that, the investment compartments Forticap BalkanValue Equities and Forticap Global Currencies Fund are under liquidation and dissolution, due to the total redemption of their shares. The Variable Capital Investment Company PLC’ (VCIC) has to proceed immediately to the necessary actions for the liquidation and dissolution of…

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