July 06, 2016 BY LeapRate Staff

CME Group promotes Young-Jin Chang to Global Head of Metals

International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced the promotion of Young-Jin Chang to the role of Global Head of Metals Products. Reporting to Derek Sammann, Senior Managing Director, Global Head of Commodities & Options Products, Chang will be responsible for the strategic development, management and profitability of the global product suite, including both precious…

Read more
July 06, 2016 BY LeapRate Staff

CFTC fines Barclays $560,000 for submitting inaccurate Large trader reports

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Barclays Bank PLC, a unit of Barclays PLC (LON:BARC), for failing to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4,…

Read more
July 06, 2016 BY Valentina Kirilova

Elliptic and IWF partner to catch child porn purchasers

Non-profit organization the Internet Watch Foundation (IWF) has teamed up with blockchain start-up Elliptic to combat the use of bitcoin to buy child sex abuse images online. Bitcoin is a cryptocurrency, which due to the anonymity it affords buyers, is often used for online unlawful purchases – anything from illegal drugs to child pornography. Elliptic…

Read more
July 06, 2016 BY Mike Fox

CME set to replace Ruble reference rate to Moscow Exchange

CME Group (CME) is set to use the official Moscow Exchange (MOEX) reference rate for Russian ruble contracts come Sunday July 17th. Since 1998 after spot auction currency trading at the Moscow Interbank Currency Exchange (MICEX) was suspended, the Chicago Mercantile Exchange and EMTA (Emerging Market Traders Association) began publishing a Ruble/Dollar exchange rate. CME and EMTA established…

Read more
July 06, 2016 BY LeapRate Staff

CySEC celebrates 20 years with Cyprus Presidential Palace event

Cyprus regulator CySEC celebrated its 20th anniversary yesterday with a special event held at the Presidential Palace in Nicosia. The event was attended and addressed by the President of the Republic, Mr. Nicos Anastasiades, the Minister of Finance, Mr. Harris Georgiades, and the Chair of the European Securities and Markets Authority (ESMA), Mr. Steven Maijoor, within the…

Read more
July 06, 2016 BY Valentina Kirilova

Italy’s Consob warns against binary options broker Boss Capital

Italy’s financial markets regulator Consob today issued a public warning against binary options broker Boss Capital. The company is offering its services via bosscapital.com, with the website having a version in Italian language too. Consob said that the company is also known as Cheshire Capital Ltd. The Italian regulator notes that Cheshire Capital Ltd is…

Read more