October 02, 2016 BY LeapRate Staff

Brexit now has a date: March 2019

British Prime Minister Theresa May told The Sunday Times this weekend that she would introduce a bill to repeal the 1972 European Communities Act, the legislation which allowed the United Kingdom to enter the European Union. What will apparently be known as the 'Great Repeal Bill' will be introduced in the next Queen's Speech, which is expected…

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October 02, 2016 BY LeapRate Staff

Forex Industry Week Review: Holland FX ad ban, Pepperstone FCA license, DailyFX sold, Israel licenses granted, and lots more…

It was a very busy Forex Industry News week at LeapRate, with a little of everything - public offerings, M&A, regulatory moves, new licenses, executive moves, financial results.... and of course, our usual dose of behind-the-scenes exclusive coverage you'll see only at LeapRate. Our most popular guest posts this week were: 4 ways to enhance the…

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October 01, 2016 BY Mike Fox

CFTC charges "Live Trade Room" SchoolofTrade.com for fraudulently marketing futures trading strategies

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the Central District of California charging Defendants Joseph Dufresne (a/k/a Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, and their company, United Business Servicing, Inc. (UBS), doing business as SchoolofTrade.com…

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September 30, 2016 BY Valentina Kirilova

Thomson Reuters launches Fintech Innovation Challenge in India

Business information giant Thomson Reuters Corp (NYSE:TRI) has announced the launch of Fintech Innovation Challenge. This is the first such initiative in India to identify and collaborate with innovative local technology startups to create a rich and inclusive ecosystem to support data-driven businesses in the financial services industry. As a part of its open strategy, Thomson Reuters…

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September 30, 2016 BY Valentina Kirilova

Sberbank appoints former Moscow Exchange FX chief Vladimir Yarovoy as Head of Electronic Markets Distribution

Sberbank CIB, the corporate and investment banking business of Sberbank, has announced the appointment of Vladimir Yarovoy as Head of Electronic Markets Distribution, Managing Director, within its Global Markets department. Yarovoy will be responsible for driving the adoption of Sberbank Markets, a multi-asset class electronic trading platform that enables Sberbank CIB and its clients to streamline…

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September 30, 2016 BY Valentina Kirilova

ESMA consults on future reporting rules for securities financing transactions

The European Securities and Markets Authority (ESMA) has issued a consultation paper on draft technical standards implementing the Securities Financing Transaction Regulation (SFTR), which aims to increase the transparency of shadow banking activities. Securities financing transactions (SFTs) are transactions where securities are used to borrow cash (or other higher investment-grade securities), or vice versa –…

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