OFX’s UKForex introduces international payments service for online merchants LeapRate

July 28, 2016 BY Valentina Kirilova

OFX’s UKForex introduces international payments service for online merchants

UKForex, part of international payment businesses company OFX, short for Ozforex Group Ltd (ASX:OFX), has announced the launch of OFX for Online Sellers, a new online merchant solution that streamlines payments from international marketplaces such as eBay and Amazon into bank accounts in the USA, Canada, Eurozone, Hong Kong, Australia, and the UK. The new product…

July 28, 2016 BY Valentina Kirilova

Marex Financial becomes a member of ECC and ICE Endex

Marex Financial Limited, a subsidiary of global commodities broker Marex Spectron Group Limited, has become a member of European Commodity Clearing (ECC), a central clearing house for energy and related products in Europe, and ICE Endex, Intercontinental Exchange’s continental European energy exchange for natural gas and power markets. The admission to ECC will allow Marex…

July 28, 2016 BY Valentina Kirilova

ESMA publishes extract on enforcement decisions on financial statements

The European Securities and Markets Authority (ESMA) has published an extract from its confidential database of enforcement decisions on financial statements. The extract includes a selection of 12 decisions that were taken by national enforcers in the period from February 2014 to April 2016. ESMA is publishing extracts from its confidential database of enforcement decisions…

July 28, 2016 BY Valentina Kirilova

Japan Exchange Group reports Q1 FY2016 earnings, quarterly net income drops 11%

Highlights and FY2016 forecast: Revenues, particularly those from trading services, declined mainly due to a YoY decrease in cash equity trading value. Combined with an increase in depreciation cost accompanying the launch of new trading systems, quarterly net income fell 11.0% from last year. Operating Revenue: Information services revenue grew mainly due to an increase in…

July 28, 2016 BY Valentina Kirilova

Fed issues FOMC statement, interest and discount rate remain unchanged

The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on July 27, 2016: • The Board of Governors of the Federal Reserve System left unchanged the interest rate paid on required and excess reserve balances at 0.50%. • As part…

July 28, 2016 BY LeapRate Staff

Credit Suisse Q2: The good, and the not so good

IG Group Holdings plc (LON:IGG) market analyst Andreas Ruhlmann takes a look at Q2 results at the Swiss banking giant. [divide] Credit Suisse posted a profits while the Street awaited more losses Credit Suisse posted a net profit of 170 million SFr, compared to 1.05 Billion in the same quarter last year. Nevertheless it is…

July 28, 2016 BY Valentina Kirilova

Monex Group reports monthly consolidated financial results for June 2016

Online trading services provider Monex Group, Inc. (TYO:8698) on Tuesday has reported its quarterly consolidated financial results and financial results of its wholly-owned subsidiary for the first quarter of the fiscal year ending March 31, 2017. Monex Group today has also shared the following monthly consolidated financial results (IFRS) for June 2016, reporting operating revenue…

July 28, 2016 BY Valentina Kirilova

Hong Kong SFC adds HCF Financial Service Limited to its Alert List

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…

July 28, 2016 BY LeapRate Staff

Brexit Brings Uncertainty to World Markets

The following guest post is courtesy of Daniel Smithfield. Daniel is a freelance writer and editor living in New York City with a lifelong passion for business and economics. Following his graduation from university Daniel worked for several newspapers before embracing the freelance lifestyle. When not anxiously watching the stock markets he spends his time…

July 28, 2016 BY Valentina Kirilova

ASIC bans director and CEO of Park Trent Properties Group

Australia financial regulator ASIC has banned Mr Ronald Malcom Cross, of Figtree, New South Wales, from providing financial services for a period of 4 years. Mr Cross is the CEO and a director of Park Trent Properties Group Pty Ltd (Park Trent). On November 27, 2015, further to proceedings issued by ASIC, the Supreme Court of…