July 17, 2016 BY LeapRate Staff

Canadian regulator BCSC warns against binary options broker DGI Market

Canadian securities regulator the British Columbia Securities Commission (BCSC) has issued a warning to investors regarding binary options broker DGI Market (at website dgimarket.com). DGI Market claims to be based in Bulgaria and offers an on-line binary options trading platform. The BCSC recently became aware of DGI Market, and that a British Columbia resident was able to open a…

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July 17, 2016 BY Mike Fox

Taiwan tightens regulation on Forex derivatives

Taiwan's central bank said this past week that it will require complex, high-risk Forex derivative instruments to go through regulatory approval before allowing banks to sell such products to clients, as first reported by Reuters. Currently, some financial products can be sold by banks to their customers without much regulatory oversight. The tightening comes after…

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July 16, 2016 BY Mike Fox

CME readies 6 weekly FX option contracts for electronic trading

CME Group (NASDAQ: CME) just announced that effective Sunday, August 7, 2016 for trade date Monday, August 8, 2016, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange will make available its six (6) existing FX weekly options contracts for trading on CME Globex and for submission for clearing through CME ClearPort (see table…

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July 16, 2016 BY Mike Fox

RoboForex changes company name of Belize office

CySEC and International Financial Services Commission (IFSC) of Belize regulated brokerage RoboForex informed the public today that the name of RoboTrade Ltd company licensed under IFSC/60/271/TS/16 was changed appropriately to RoboForex Ltd. Apparently, the purpose of this change was the unification of the names within RoboForex group. RoboForex holds the IFSC of Belize license for trading in financial and commodity…

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July 15, 2016 BY Valentina Kirilova

ESMA Consults on Asset Segregation and Custody Services under AIFMD and UCITS

The European Securities and Markets Authority (ESMA) has published a Call for Evidence on Asset Segregation and Custody Services under the Alternative Investment Fund Managers Directive (AIFMD) and the Directive on Undertakings for Collective Investment in Transferable Securities (UCITS Directive). ESMA first consulted on asset segregation under the AIFMD in December 2014 (Guidelines on asset…

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July 15, 2016 BY Valentina Kirilova

Osaka Exchange announces Reference Prices for New Products

Osaka Exchange has announced that Tuesday June 19, 2016 is the scheduled date for the introduction of: TSE Mothers Index Futures, TAIEX Futures, FTSE China 50 Index Futures, and JPX-Nikkei Index 400 Options. For the revision rule of contract months and the strike price interval for TOPIX Options and for the revision rule of strike…

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July 15, 2016 BY Valentina Kirilova

FCA warns against clone loan firm Homeowner Loans/ Advantage Leads

UK financial regulator the Financial Conduct Authority (FCA) has issued a warning regarding unlicensed clone loan firm Homeowner Loans/ Advantage Leads. The FCA believes that: Fraudsters are using the details of firms registered to carry out financial services activities to try to convince people that they work for a genuine, registered firm." The FCA warns:…

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July 15, 2016 BY Valentina Kirilova

Hong Kong SFC adds Cunningham Mutual 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…

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