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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October 14, 2016 BY LeapRate Staff

PsyQuation launches capital allocation program for traders

Behavioral profiling based trading tool provider PsyQuation has announced that it is partnering with allocators with more than $1 million of trading capital to allocate, with more to come in future weeks. After being connected to PsyQuation, the traders' performance will be evaluated and they will get capital to trade. There are no set limits…

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October 13, 2016 BY Valentina Kirilova

FCA warns on clone firm of Loanfactory

The UK Financial Conduct Authority has put out details of the cloned firm Loanfactory. 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 people…

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October 13, 2016 BY Valentina Kirilova

FCA warns on Pan Asia Pacific Mergers and Acquisitions 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 Pan Asia Pacific Mergers and Acquisitions. Pan Asia Pacific Mergers and Acquisitions is not authorised by the FCA but has been targeting people in the UK…

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October 13, 2016 BY Valentina Kirilova

CFTC Releases Rule Enforcement Review of the New York Mercantile Exchange, Inc. and the Commodity Exchange, Inc.

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) has announced that it has issued the results of a rule enforcement review of the New York Mercantile Exchange and the Commodity Exchange (NYMEX and COMEX or exchanges). The review, which covered a one-year target period, evaluated the exchanges’ market surveillance programs and…

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October 13, 2016 BY Valentina Kirilova

Wells Fargo new CEO Tim Sloan faces immediate test

Wells Fargo & Co's veteran chairman and chief executive officer, John Stumpf, has departed on Wednesday. San Francisco-based Wells Fargo said Stumpf, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan. The bank is splitting the role of chairman and CEO with Stephen Sanger, its lead director, becoming…

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