July 25, 2016 BY LeapRate Staff
Who are the best sales managers?
Skills required to be an excellent sales person are likely to be contrary to the skills required to manage.
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July 25, 2016 BY Valentina Kirilova
First commission free platform comes to UK share trading
Freetrade has announced today that it will be launching its new platform for trading stocks and shares, which brings proven commission-free trading technology and fractional share dealing to the UK for the first time. Most people, especially Millennials, are priced out of investing on the stock exchange. Costly broker fees, typically around £12 per transaction,…
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July 25, 2016 BY Valentina Kirilova
CySEC notes 'recurring observations' from money laundering reviews of CIFs
During 2015 and 2016 Cyprus financial regulator CySEC has performed on-site inspections assessing the compliance of Regulated Entities with their obligations deriving from the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007-2016. The on-site inspections have shown an overall improvement and strengthening in the internal policies and controls implemented by Regulated…
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July 25, 2016 BY Valentina Kirilova
Dubai regulator shuts down retail forex broker Exential Group suspecting managed accounts fraud
Financial regulators have shut down a foreign exchange trading scheme in Dubai that promised investors they could more than double their money. Exential Group in Dubai Media City was ordered to cease trading on Sunday as the Department of Economic Development (DED) investigates complaints by clients that due payments had dried up. The company promised…
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July 25, 2016 BY LeapRate Staff
Forex Week in Focus, July 25: FOMC, BoJ meetings; UK, EU & US 2Q GDP; EU inflation
The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. [divide] Following the Brexit vote, the major central banks have so far been following the philosophy of Lao Tzu, the founder of Taoism, who said, “by doing nothing, everything is done.” That’s what the Bank of England did two…
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July 25, 2016 BY Valentina Kirilova
ESMA issues warning on sale of speculative products to retail investors
After warning on CFD trading, the European Securities and Markets Authority (ESMA) has issued a warning about the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors who are unaware of the risks associated with these products, and also highlights the regulatory action taken in relation to several Cyprus-based investment…
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July 25, 2016 BY Valentina Kirilova
HKEX launches Closing Auction Session for its securities market
Hong Kong Exchanges and Clearing Limited (HKEX) has introduced its Closing Auction Session (CAS) for securities after extensive preparations and testing conducted in conjunction with market participants. There were 290 Exchange Participants that took part and 282 stocks were traded in the CAS on its first day, contributing 2.2% of the full-day turnover. Closing auction…
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July 25, 2016 BY Valentina Kirilova
TOCOM's physical market for gold launched today
The Tokyo Commodity Exchange, Inc. (TOCOM) has launched a new physical market for gold, Gold Physical Transaction. The number of executed transactions for the first trading day was 14. TOCOM is the only regulated exchange that operates a gold market in Japan and gold is the most actively traded commodity at the Exchange. With the…
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July 25, 2016 BY Valentina Kirilova
Bursa Malaysia registers 3% profit for first half of 2016
Bursa Malaysia Berhad has registered a 3% increase in Profit After Tax and Minority Interest (PATAMI) of RM99.4 million, for the first half ended June 30, 2016 compared to the same period last year on the back of higher operating revenue. Bursa Malaysia continued to record a Return on Equity (ROE) performance of 25%, despite…
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July 25, 2016 BY Valentina Kirilova
ASIC consults on communicating audit findings to directors, audit committees or senior managers
ASIC today released a consultation paper about it directly communicating specific financial reporting and audit findings identified from ASIC reviews of external audit files to directors, audit committees or senior managers of companies, responsible entities or disclosing entities. ASIC Commissioner John Price said: We are consulting about reporting the most significant findings from our reviews of…
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