Broadridge completes acquisition of DST’s North American Customer Communications Business LeapRate

July 06, 2016 BY Valentina Kirilova

Broadridge completes acquisition of DST’s North American Customer Communications Business

Financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has announced it has completed its acquisition of the North American Customer Communications (NACC) business of DST Systems, Inc. (NSYE: DST) for $410 million in cash, subject to post-closing adjustments. The NACC business will be renamed Broadridge Customer Communications and integrated into Broadridge’s Investor Communication Solutions segment.…

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July 06, 2016 BY LeapRate Staff

London Capital Group: post Brexit trading has been 'materially positive' for the Company

More good news for UK online broker London Capital Group Holdings plc (LON:LCG). After reporting in June that it had a strong start to 2016 and would be rid of all its debt as part of a £10 million capital injection and recapitalization of the company, LCG reported in a regulatory filing to the London Stock…

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July 06, 2016 BY Valentina Kirilova

ASIC crackdown on 40 binary options brokers includes 24Option, Banc de Binary, OptionRally

ASIC has warned of a dramatic increase in the extent of unlicensed conduct by retail OTC derivative providers seeking to expand their market with new customers for their complex and risky products such as binary options. ASIC has raised its concerns with more than 40 unlicensed providers. The majority are binary option issuers but also…

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July 06, 2016 BY LeapRate Staff

CFTC gets $17.5 million court order against Dorian Garcia and his companies for FX ponzi scheme fraud

Garcia was also sentenced to 78 months in prison for his Ponzi scheme activities.

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July 05, 2016 BY LeapRate Staff

Social media startup Steemit uses Million Dollar digital currency giveaway to build traffic

Interesting idea to build traffic - give away money. Well, at least in digital currency called Steem Dollars. Yesterday, a rapidly expanding social media site called Steemit (www.steemit.com) gave away digital currency worth approximately $1.3 million to its users. It wasn't a hoax or a stunt - it is all part of the plan for Steemit, a…

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July 05, 2016 BY LeapRate Staff

Markit and IHS choose NASDAQ ticker symbol 'INFO' for the combined company

The about to be merged business and financial information providers IHS Inc. (NYSE:IHS) and Markit Ltd (NASDAQ:MRKT) have announced that the combined company, which will be renamed IHS Markit Ltd., will be listed on the Nasdaq Global Select Market under the new trading symbol 'INFO'. IHS and Markit announced their plans for a $13 billion merger…

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July 05, 2016 BY LeapRate Staff

London Stock Exchange shareholders approve merger with Deutsche Borse AG

After yesterday's vote of London Stock Exchange Group shareholders approving the LSEG's merger with Deutsche Borse AG, Deutsche Borse put out the following statement - in part to reiterate the two group's plans of fully proceeding with the merger despite the UK 'Leave' vote in the Brexit referendum. [divide] Statement by Deutsche Börse AG on London…

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July 05, 2016 BY Valentina Kirilova

INTL FCStone completes the Acquisition of the Correspondent Clearing and Independent Wealth Management Businesses from Sterne Agee LLC

Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced today that it has substantially completed its acquisition of the correspondent securities clearing business and independent wealth management business from Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp. Details about the acqusition were provided last week. The July 1, 2016 closing involved three broker…

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July 05, 2016 BY LeapRate Staff

GBPUSD at 1.30 level down 200 pips on the day, Gold rising

The British Pound has continued drifting downward to multi-decade lows in Monday trading, with the GBPUSD Cable trading with a 1.30 handle for the first time since the 1980s. It was only this morning that the GBP broke below the $1.32 level for the first time post-Brexit. For the day, the GBPUSD is down 1.62%,…

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July 05, 2016 BY LeapRate Staff

Templeton Securities launches FCA regulated retail FX brokerage, TempletonFX - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that FCA regulated stock broking house Templeton Securities is launching its own branded retail forex outfit, called appropriately TempletonFX. The TempletonFX website just went live last week. LeapRate spoke today with TempletonFX co-founder and Director Mike Andrews on the decision to launch a retail forex brokerage, and how TempletonFX plans…

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