OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced Poydras Gaming Finance Corp. (TSX-V: PYD; OTCQX: PYDGF), a regional slot route operator in Oklahoma and Texas, has qualified to trade on the OTCQX® Best Market. Poydras upgraded to OTCQX from the Pink® market. Poydras begins trading today…
Read moreThe European Securities and Markets Authority (ESMA) has published an updated questions and answers (Q&A) document on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS). The Q&A includes four new questions and answers on: regulated markets in Member States under the UCITS Directive, translation requirements in relation to the…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) has appointed Guo Xiaoli as Chief Executive of the commodity-trading platform it is building in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Mainland China. It is a new position. The platform will offer spot trading with physical delivery. Mr Guo has 28 years of trading…
Read moreThe Financial Conduct Authority (FCA) has fined Sonali Bank (UK) Limited (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days. It has also fined the bank’s former money laundering reporting officer (MLRO), Steven Smith, £17,900 and prohibited him from performing the MLRO or compliance oversight functions…
Read moreThe Securities and Futures Commission (SFC) has suspended Mr Lo Tsz On for one year from 12 October 2016 to 11 October 2017 following his conviction for fraud. The Magistrates’ Court found that Lo fraudulently presented three false entertainment claim forms to his then employer, Core Pacific-Yamaichi International (H.K.) Limited (CPY), in which he overstated…
Read moreLiquidnet, the global institutional trading network, has announced a record in the third quarter in Asia Pacific as buy-side Members increased trading activity amid a spike in marketmoving events. Volumes rose 27% on the previous quarter with US$8.99 billion principal traded in APAC for the quarter. This included records in Japan, Taiwan, Korea, and Indonesia. Regional…
Read moreOil prices hit a one-year high on Monday after Russian president Vladimir Putin mentioned that Russia was ready to sign on to an OPEC deal to cap production. A day later prices slipped as the International Energy Agency announced that global oil supplies have increased last month. Goldman Sachs analysts shared in a Tuesday note: An agreement to cut…
Read moreLeapRate Exclusive... LeapRate has learned that leading Australia-based retail forex broker AxiTrader has added Paul Hare as Compliance Manager for AxiTrader UK. Based in London, Hare will also act as a Director of AxiCorp Limited, the company's FCA regulated subsidiary in the UK. He will also be AxiTrader's designated MLRO (Money Laundering Reporting Officer) in…
Read moreIn November 2016, Moscow Exchange will introduce (as recommended by the IT Committee and the Derivatives Market Committee in September 2016) a new approach to compile the long code of options. The strike price for a number of options on futures contracts (such as Transneft futures (TRNF), Norilsk Nickel futures (GMKR) and Severstal futures…
Read moreAustralia Securities Exchange (ASX) has updated its Cash Equities Clearing and Settlement Code of Practice to align with the set of Regulatory Expectations released today by the Council of Financial Regulators (CFR). The Regulatory Expectations provide a framework for ASX’s conduct in operating its cash equities clearing and settlement (CS) services while it remains the…
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