October 14, 2016 BY Valentina Kirilova

CySEC suspends ‘fast track’ examination scheme for the examination of applications for authorisation

The Cyprus Securities and Exchange Commission (CySEC) has informed that it has decided to suspend the ‘fast track’ examination scheme for the examination of applications for authorisation. The commission has reached the relevant decision due to the exceedingly large number of applications received for participation in the scheme. As a result, the commission will process…

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October 14, 2016 BY Valentina Kirilova

FCA warns on clone firm of Carlease Ltd

The UK Financial Conduct Authority has put out details of the cloned firm Carlease Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to scam…

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October 14, 2016 BY Valentina Kirilova

Fluent Trade Technologies rolls out EBS Live Ultra connectivity globally to clients

Fluent Trade Technologies, a low-latency connectivity and risk management provider for the foreign exchange market, has welcomed the arrival of the new EBS Live Ultra spot FX data feed, and is actively connecting EBSBrokerTec clients to the new service. Interdealer broker ICAP plc (LON:IAP)’s electronic foreign exchange and fixed income business EBSBrokerTec has introduced the real-time…

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October 14, 2016 BY LeapRate Staff

Bjorn Krog Andersen named Chairman of new Binary Options industry association EUBOA - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that the newly formed European Brokers Association (EUBOA) has named Bjorn Krog Andersen (pictured at left) as the Chairman of the association. Mr. Andersen was Senior Vice President, Legal and Compliance at Saxo Bank for the past six years, before leaving the Denmark-based multi-asset broker about six months ago. He joined Saxo Bank…

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October 14, 2016 BY Valentina Kirilova

Deutsche Bank to begin companywide hiring freeze, stock slumps

Deutsche Bank AG is implementing a companywide hiring freeze as Chief Executive Officer John Cryan seeks to lower costs and shore up investor confidence, according to a person familiar with the bank’s plans. John Cryan, is struggling to reverse a slide in shares that eroded almost half of the company’s market value this year, amid…

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October 14, 2016 BY Valentina Kirilova

GMO Click reports 37% rise in September's operating revenue MoM

GMO Click Holdings Inc (TYO:7177) has released the following monthly preliminary report of consolidated operating revenue for September 2016. Preliminary figures described below are subject to change. Operating revenue last month has made quite a jump from the slow August 2016 with ¥2,474. Compared to last year's September the number this time was not bad at…

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October 14, 2016 BY Valentina Kirilova

Thomson Reuters launches specialized intraday pricing service directed at money market instruments

Business information giant Thomson Reuters Corp (NYSE:TRI) has introduced a specialized intraday evaluated pricing service for money market instruments, providing evaluated pricing that is updated throughout the global business day for public and other non-public short-term instruments. The new service helps mutual fund managers meet demands for intraday net asset value (NAV) calculations, as well as…

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October 14, 2016 BY LeapRate Staff

Berkeley Futures sees annual Revenues drop by 11% in fiscal 2016

LeapRate Exclusive... LeapRate has learned via regulatory filings made with UK authorities that FCA regulated broker Berkeley Futures saw a significant decrease in activity during fiscal 2016, with Revenues down 11.4% to £9.6 million for the twelve months ended April 30, 2016. 2015 Revenues were £10.8 million. Berkeley still turned a profit for the year, £1.2…

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October 14, 2016 BY Valentina Kirilova

Company to pay penalty for stock picking game that was an unregistered swap

The Securities and Exchange Commission (SEC) has announced that a New York-based company has agreed to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors through mobile phone games that were described as “fantasy sports for stocks.” An SEC investigation has found that Forcerank LLC failed to file a registration statement for…

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