Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read morePost trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), has announced that 11 CME Group IRS clearing members eliminated 12.5 trillion MXN ($664 billion USD) notional outstanding in the first triReduce multilateral compression cycle for cleared Mexican Peso (MXN) interest rate swaps (IRS). Over 35% of the cleared MXN notional principal outstanding in CME…
Read moreBack in February LeapRate broke the news of a major restructuring at the Markets.com unit of Teddy Sagi's online gaming giant Playtech PLC (LON:PTEC), which included mass layoffs in a restructuring of sales, retention and customer service operations at the retail forex broker. So it should come as not too much of a surprise that…
Read moreAustralian drug development company Noxopharm (ASX:NOX) has been successfully listed on Australia Securities Exchange (ASX) and will begin trading on Tuesday, August 9, 2016 at 11 am (AEST), after the Initial Public Offer raised the target figure of 6 million Australian dollars. The offer of 30 million shares at a price of $0.20 a share,…
Read moreShares of the London-based IG Group Holdings plc (LON:IGG) continued their move upward to hit a 52 week and all-time high late last week, closing Friday trading at £9.12. Intraday, IG shares hit an all-time high of £9.15. This marks the first time that IG shares have crossed the £9 barrier, as the company's stock…
Read moreA former director of Kleenmaid, Bradley Wendell Young, on Friday was found guilty on 18 charges arising from the collapse of the national whitegoods distributor, following a 71 day trial. He was found guilty of: one count of dishonestly gaining loan facilities from Westpac Bank in November 2007 totalling $13 million; and seventeen counts of…
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm CF Investment Funds. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part of their…
Read moreHong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) had its slowest quarter in a year and a half, reporting that Q2 revenues were down 21% from Q1, leading to a 61% QoQ drop in profits. KVB brought in revenues of HK$ 83.8 million (USD $10.9 million) in Q2, its lowest quarterly…
Read moreIt was a mix of corporate reports and regulatory events in Forex Industry News at LeapRate this week. LeapRate broke the story of the latest regulated Forex broker to launch, Australia's Blueberry Markets. We were also first to bring you news and analysis of AxiTrader's large private equity capital raise, France's ban on advertising highly…
Read moreTMX Group Limited (TSX:X) has announced July 2016 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. The volume of all TMX equities marketplaces has dropped in July MoM from 630 million to 551.7 million. Daily Average Volume for Toronto Stock Exchange was 328.8 million in July, lower…
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