July 18, 2016 BY Valentina Kirilova

Abu Dhabi Global Market and China Securities Regulatory Commission Sign MoU

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the China Securities Regulatory Commission (CSRC) entered into a Memorandum of Understanding (MoU) to facilitate cross-border activities and enhance regulatory collaboration between the two jurisdictions. The MOU provides a framework to provide assistance, exchange regulatory information and co-operate in the supervision…

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July 18, 2016 BY Mike Fox

Tickmill posts new all time high in June with $49.1 billion in volume

Global ECN broker Tickmill, authorized and regulated by the Financial Services Authority (FSA) of Seychelles is proud to announce that its trading volume of $49.1 billion in June was the largest in company history. A key feature which propelled Tickmill's trading volume to record highs included a 'zero commissions' policy during the Brexit week. CEO…

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July 18, 2016 BY Mike Fox

SGX to transfer Regulation unit to subsidiary company with separate Board

Singapore Exchange (SGX) announced today it will establish a separate subsidiary company (RegCo) to undertake all the front-line regulatory functions it currently performs. The move aims to further enhance the governance of SGX as a self-regulatory organisation (SRO) by making more explicit the segregation of its regulatory functions from its commercial and operating activities. RegCo…

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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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