July 21, 2016 BY Valentina Kirilova

UK Treasury Committee: Brexit might improve competition in the banking sector

United Kingdom Parliament Treasury Committee has published a letter from a group of challenger banks which outlines – among other things – the opportunity afforded by the EU referendum result to improve competition in the banking sector. Letter from challenger banks, dated June 30, 2016 Letter from Andrew Bailey, Governor, Prudential RegulationCEO, Prudential Regulation Authority,…

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July 21, 2016 BY Valentina Kirilova

Authorities investigate various 1MDB-related fund flows through Singapore

The Attorney-General’s Chambers (AGC), Commercial Affairs Department (CAD), Singapore Police Force, and Monetary Authority of Singapore (MAS), have announced today in a joint statement that the Singapore authorities have been investigating various 1MDB-related fund flows through Singapore, for possible money laundering, securities fraud, cheating, and other offences committed in Singapore. Singapore’s investigations began in March…

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July 21, 2016 BY LeapRate Staff

Gold-i introduces Forex scalper detection product for MT4 brokers

MT4 systems integrator Gold-i has announced the launch of a new product called Scalper Watch. Scalper Watch was developed to help MT4 brokers detect unwanted scalpers, and protect their profits. Gold-i Scalper Watch, fully integrated with MT4, does not require any additional servers. It automatically watches out for scalper traders and issues alerts when it detects them.…

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July 21, 2016 BY Mike Fox

Exclusive: XTB Ltd UK swings to profit in 2015 on revenues of £4.6 million

Brokerage house XTB Ltd UK (formerly known as  X Open Hub Ltd) released year ended Dec 31st 2015 financial statements which shows the UK office of the brokerage XTB Group swung to a profit of £268k on £4.6m in revenues compared to 2014 where revenue stood at £970k and the company absorbed a loss of £686k. Parent company X-Trade Brokers…

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July 21, 2016 BY Valentina Kirilova

ICAP announces that CEO Gil Mandelzis is leaving EBS BrokerTec

Just three days ago, EBS BrokerTec, ICAP Plc’s (LON: IAP) market-leading electronic foreign exchange (FX) and fixed income business, has announced that Jim Iorio joins the company as Global Head of Sales and will sit on EBS BrokerTec’s Executive Management Committee. Today, ICAP has announced that EBS BrokerTec's CEO, Gil Mandelzis, has decided to step…

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July 20, 2016 BY Mike Fox

HSBC Forex head arrested in New York; first person to be charged in DoJ's FX probes

Bank Forex executive Mark Johnson, HSBC's global head of foreign exchange cash trading in London has reportedly been arrested at New York's John F. Kennedy airport, charged with front-running customer orders. According to press reports, Mr. Johnson has become the first person to be charged in the Justice Department's three-year probe into forex rigging at global banks. He…

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July 20, 2016 BY LeapRate Staff

Brand Finance and Solactive launch European equity indices

Business valuation and strategy consultancy Brand Finance plc has announced the launch of the Solactive BrandFinance European Leaders Select 30 Index and Solactive BrandFinance European Leaders Low Risk 30 Index in collaboration with Solactive AG, an innovative index provider based in Frankfurt. The Solactive BrandFinance indices were created in light of the link between brand value and…

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