July 11, 2016 BY LeapRate Staff

Fiserv names New York Life President John Kim to its Board of Directors

Payments and processing technologies and solutions provider Fiserv Inc (NASDAQ:FISV) has announced the appointment of John Kim to its board of directors. John Kim is president of New York Life Insurance Company, the largest mutual life insurance company in America. He is responsible for all business units of the company, including oversight for a more than $1…

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July 11, 2016 BY Valentina Kirilova

S&P 500 topped previous record high

The benchmark S&P 500 index set a new all-time high, passing like a race car by its previous peak in May 2016, as investors flocked to U.S. equities following an exceptionally strong jobs report last Friday. The S&P 500 was recently trading 10 points, or 0.5% higher at 2,139.70. The index was up 11 points…

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July 11, 2016 BY Mike Fox

Euronext to offer MiFID II compliant trade publication and transaction reporting services

Euronext announced it will enhance its Trade Publication and Transaction Reporting Services (subject to regulatory approval) to allow investment firms to meet the new regulatory requirements specified under MiFID II. MiFID II comes into effect in January 2018 with the aim of improving the transparency of markets in financial instruments. Euronext’s Trade Publication and Transaction Reporting…

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July 11, 2016 BY Mike Fox

South Africa FSB warns the public against Outlook Forex Traders

The Financial Services Board (FSB) of South Africa would like to warn the public not to conduct financial services business with Outlook Forex Traders. Outlook Forex Traders is not authorised as a financial services provider and is not a representative of an authorised financial services provider. Persons rendering financial services without a licence or without…

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July 11, 2016 BY Mike Fox

Borsa Italiana Global Equity Market succesfully launched

Starting from today 11 July 2016, the segment ‘Borsa Italiana Global Equity Market’ is part of the new market ‘Borsa Italiana Equity MTF’, including the After-Hours segment as well. A multilateral trading facility (MTF) is a European regulatory term for a non-exchange financial trading venue. The new segment is dedicated to trading of shares already available…

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July 11, 2016 BY Mike Fox

FCA warns on GO Markets UK clone

Today the UK Financial Conduct Authority put out details of a cloned firm using the name of Forex brokerage Go Markets UK. Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Go Markets UK (clone) This clone firm is using the details of the…

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July 11, 2016 BY Mike Fox

Thomson Reuters Forex platform volumes best since January

Thomson Reuters Corp (NYSE:TRI) has published their Forex volume metrics for June 2016, with spot FX volumes rebounding to 23% higher MoM to $116 billion from May's $94 billion due to the UK's EU referendum induced volatility. The massive volatility on Brexit day saw Reuters FX trading platforms report 3x the normal volume the Friday of the vote.…

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