Deutsche Börse
October 28, 2016 BY Valentina Kirilova

Deutsche Börse AG posts continued profit growth in Q3/2016, adjusted consolidated net profit is up with 6%

Deutsche Börse AG has published its results for the third quarter of 2016 on Thursday. Consolidated net revenue rose by 1%, to €558.5 million (Q3/2015: €555.0 million), despite the weaker market environment. Thanks to structural efficiency measures, adjusted operating costs declined by 5% in the period under review, to €275.7 million (Q3/2015: €290.6 million). Adjusted…

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October 27, 2016 BY Valentina Kirilova

ASIC releases report on the charging of advice fees without providing advice by major financial institutions

The Australian Securities and Investments Commission (ASIC) has released Report 499 Financial advice: Fees for no service. The report provides an update on ASIC's work to address financial institutions' and advisers' systemic failures, over a number of years, to provide ongoing advice services to customers who paid fees to receive those services. The report summarises ASIC's…

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ESMA bond liquidity data
October 27, 2016 BY Valentina Kirilova

ESMA issues Q&As on the implementation of MAR

The European Securities and Markets Authority (ESMA) has issued a set of Questions and Answers (Q&As) regarding the implementation of the Market Abuse Regulation (MAR). ESMA is required to play an active role in building a common supervisory culture by promoting common supervisory approaches and practices. In this regard, the Authority develops Q&As as and…

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October 27, 2016 BY LeapRate Staff

CySEC proposes enhancement to client money handling including quarterly reports, semiannual audits

Cyprus financial regulator CySEC has issued a Consultation Paper regarding a proposed circular on the requirements for the safeguarding of client funds at regulated CIF entities. CySEC already requires regulated brokers to fully segregate client funds - one of the facets which saved Cyprus brokers and their clients from the 'haircut' given to all bank…

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FMA suspends AxiTrader's derivatives licence
October 27, 2016 BY Valentina Kirilova

Court convicts Gold Root Global Investments Limited of unlicensed dealing

The Eastern Magistrates’ Court has convicted Gold Root Global Investments Limited (GRG Investments) of dealing in futures contracts through its website between March and April 2013 without a licence from the Securities and Futures Commission (SFC). GRG Investments pleaded guilty and was fined $10,000 and ordered to pay the SFC’s investigation costs. Dealing in futures contracts…

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October 27, 2016 BY LeapRate Staff

Switzerland regulator FINMA warns against Binary Options broker Swiss Royal Banc

Switzerland's financial regulator FINMA has added a Binary Options broker named Swiss Royal Banc operating at swissroyalbanc.com to its warning list, of companies which are suspected of conducting unauthorised activities in the financial market. We assume that FINMA added Swiss Royal Banc mainly because of their name, which was obviously chosen to give unsuspecting retail traders the…

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