LeapRate has learned via regulatory filings made in the UK that the FCA regulated subsidiary of global retail forex broker IronFX (called 8Safe UK Limited) has filed its 2015 financial statements indicating a significant decrease in business during the year. For the year, IronFX UK saw $4.2 million in Revenue, down 39% from $6.9 million…
Read moreLiverpool-based Seer Trading Systems Ltd. has announced that trading education provider ProAct Trader is now offering Seer's SeerScanner as part of its trading training product suite. SeerScanner is a custom white label, market event driven market scanner for Forex Educators. SeerScanner is a white label, HTML5 solution for easy integration into any website or HTML5 compliant…
Read moreICAP had made a major investment in Abide Financial last fall, via Euclid Opportunities, its early stage funding program.
Read moreASIC has cancelled the Australian Financial Services (AFS) licence of Western Australian-based Macro All State Investments & Securities Limited. In general, the Macro AFS licence allowed Macro to: provide general financial product advice; deal in a financial product, issue or vary a financial product; apply for, acquire, dispose of financial products on another's behalf; operate…
Read moreAdding to its recent woes, German banking giant Deutsche Bank AG (FRA:DBK) unit Deutsche Bank Securities has agreed with the U.S. Securities and Exchange Commission (SEC) to pay a $9.5 million penalty for failing to properly safeguard material nonpublic information generated by its research analysts. Deutsche Bank also published an improper research report and failed to…
Read moreTo achieve MiFID II’s aim of greater transparency, having a proper golden source of instrument data is key for every market participant. Fortunately, under the new rules, ESMA is required to publish a list of all financial instruments traded on all trading venues and systematic internalisers, enriched with useful, related information such as MiFIR transparency…
Read moreFiserv, Inc. (NASDAQ: FISV), the global provider of financial services technology solutions, has announced that Devin McGranahan has been named president of its Billing and Payments Group, effective November 1, 2016. McGranahan succeeds Rahul Gupta, who will leave Fiserv in December 2016 to pursue other interests. McGranahan brings more than 25 years of business and…
Read moreETF Managers Group in partnership with Spirited Funds, LLC has debuted its newest fund, the Spirited Funds/ETFMG Whiskey and Spirits ETF (NYSE ARCA: WSKY). Trading on the NYSE Arca, WSKY invests primarily in companies that derive the majority of their revenue from producing and marketing whiskey and spirits, as well as a small number of companies…
Read moreNEI Investments has announced the successful launch of the NEI Global Value Fund to be managed by Maj Invest Asset Management Fondsmæglerselskab A/S (Maj Invest). Based in Copenhagen and one of Denmark's asset management companies, Maj Invest adds further depth to NEI's roster of third party sub advisors and even greater expertise and resources within global…
Read moreMany investment banks use their London hubs to run their EU operations, relying on the passporting system that allows them to operate across the bloc while being regulated just in Britain. The Brexit vote could threaten those arrangements if banks no longer have access to the single market. Rob Rooney, CEO of Morgan Stanley International,…
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