August 12, 2016 BY Valentina Kirilova

ASIC bans former NSW director of Australian financial services licensee from financial services and credit activities

ASIC has permanently banned the former director of an insurance broking company, Timothy Charles Pratten of New South Wales, from providing financial services and from engaging in credit activities. Mr Pratten was banned after being convicted on seven counts of dishonestly obtaining a financial advantage from the Commonwealth by deception. This conviction followed an investigation…

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August 12, 2016 BY Mike Fox

OnMarket BookBuilds and CMC Markets partner for online IPO offerings

In recognition of the increasing investor demand for access to Initial Public Offerings (IPOs), CMC Markets Plc (LON: CMCX) and OnMarkets BookBuilds (OMB) have entered into a deal which allows CMC Markets’ clients to bid for IPOs through their broking account using OnMarket’s platform. IPOs are delivering stellar returns to investors, with the average gain on…

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August 11, 2016 BY LeapRate Staff

Paysafe reports Affiliate data display problems

Digital payment solutions provider Paysafe Group Plc (LSE:PAYS) has reported that it is currently experiencing a data display issue within its Affiliate reporting feature. As a result, incorrect data is being displayed or in some cases, no data at all for Paysafe partners looking at their accounts. Paysafe did note that actual affiliate tracking is not affected…

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August 11, 2016 BY Valentina Kirilova

FCA warns on clone firm of Piper Jaffray

Today the UK Financial Conduct Authority put out details of the cloned firm Piper Jaffray. 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 tactics…

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August 11, 2016 BY Valentina Kirilova

Allied Irish Bank's coffee break took longer than expected today

Allied Irish Bank (AIB) shared that "technical issues" have led to problems with some online, mobile and branch transactions. The bank took to Twitter at around 12:00 local time to warn about the problem, telling customers that they could still withdraw cash from ATMs and make purchases online and instore with their AIB cards. Update on…

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August 11, 2016 BY Valentina Kirilova

Bats, Nasdaq and NYSE unite to strengthen U.S. Equity Markets

The three major exchange groups, financial exchanges operator Bats Global Markets Inc (BATS:BATS), Nasdaq and the New York Stock Exchange (NYSE), (collectively called ‘the exchanges’) have worked together to harmonize key functions of the U.S equity markets to increase resiliency during times of extreme volatility. In the coming weeks the exchanges will file with the Securities…

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August 11, 2016 BY Valentina Kirilova

Alibaba's revenue beat estimates with an increase of 59% YoY

Alibaba Group Holding Limited (NYSE: BABA) has announced its financial results for the quarter ended June 30, 2016 and they are better than ever. What were the highlights this time: Revenue was RMB32,154 million (US$4,838 million), an increase of 59% year-over-year. China retail marketplaces revenue was RMB23,383 million (US$3,518 million), an increase of 49% yearover-year; and…

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