September 19, 2016 BY LeapRate Staff

Canadian regulator BCSC warns against Binary Options broker Edgedale Finance

Continuing its string of warnings against forex and binary options brokers targeting traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has issued a warning to investors regarding Edgedale Finance. Edgedale Finance is a relatively new Binary Options broker. According to ICAAN data, its website edgewarefinance.com was just first registered in January 2016.…

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September 19, 2016 BY Valentina Kirilova

ICAP reports a drop of 22% in August ADV data volumes YoY

Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has transferred a total of 22,246 shares as follows: · 21,170 ordinary shares at £2.72 per share to participants in its 2013 Sharesave Scheme; and · 1,076 ordinary shares at £3.02 per share to a participant in its 2014 Sharesave Scheme. These…

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September 19, 2016 BY LeapRate Staff

FCA hits payday firm CFO Lending with £34 million fine for treating customers unfairly

Payday loan firm CFO Lending has entered into an agreement with UK financial regulator the Financial Conduct Authority (FCA) to provide over £34 million of redress to more than 97,000 customers for unfair practices. The redress consists of £31.9 million written-off customers’ outstanding balances and £2.9 million in cash payments to customers. LeapRate readers will recall…

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September 19, 2016 BY LeapRate Staff

ThinkMarkets UK reports Revenue growth and turn to profit in 2015

The UK arm of Australia-based retail forex broker ThinkMarkets has reported its financial results for 2015, showing a nice rise in Revenues in 2015 - the company's first full year of operations in the UK - as well as a net profit for the year. Revenues at TF Global Markets (UK) Limited, the FCA-regulated subsidiary of ThinkMarkets,…

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September 19, 2016 BY Valentina Kirilova

FCA warns on Global Escrow Exchange 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 Global Escrow Exchange. The company is not authorised by the FCA but has been targeting people in the UK.   To see the official FCA warning,…

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September 19, 2016 BY Valentina Kirilova

SGX and ICBC sign MOU to enhance capital market links between Singapore and China

Singapore Exchange (SGX) and Industrial and Commercial Bank of China Limited (ICBC) have signed a memorandum of understanding (MOU) to collaborate on a range of areas that will enhance the links between Singapore and China’s capital markets. Under the MOU, SGX and ICBC will work together to promote Singapore’s capital markets and support Chinese companies looking…

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September 19, 2016 BY LeapRate Staff

Forex Week in Focus, September 19: BoJ, FOMC, RBNZ, PMIs

The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. [divide] FXPRIMUS Week in Focus week of 19 Sep:  BoJ, FOMC, RBNZ, PMIs It’s a week like a fireman’s life:  days of boredom interspersed with moments of extreme excitement. There’s not much on the schedule except for Wednesday, when…

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September 19, 2016 BY LeapRate Staff

ASIC IPO report warns regarding use of social media in marketing new offerings

Australian financial regulator ASIC has issued a report reviewing marketing practices used in Initial Public Offerings (IPOs), which includes a warning to both underwriters and issuers involved in IPOs in Australia to ensure their marketing campaigns comply with the letter and spirit of the law, particularly when using emerging social media strategies. An ASIC review of marketing…

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