July 07, 2016 BY Valentina Kirilova

TWSE Launches Stewardship Principles for Institutional Investors

The Corporate Governance Center of the Taiwan Stock Exchange (TWSE), directed by the Financial Supervisory Commission (the FSC), in conjunction with the Taiwan Depository Clearing Corp., the Securities Investment Trust & Consulting Association, and the Taiwan Financial Services Roundtable collectively, launched the “Stewardship Principles for Institutional Investors” on 30 June. Institutional investors, including pension funds, insurance companies and investment trusts, are playing an increasingly…

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July 07, 2016 BY Valentina Kirilova

China raises Reserves requirement as Yuan hits 5+ year low

China puts into action requirements for foreign firms to settle foreign exchange forward yuan positions in the onshore market, the country's foreign exchange trading platform, operated by the central bank, said in a statement on Wednesday. Foreign firms will need to set aside 20% of the previous month's yuan forwards settlement amount as foreign exchange…

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July 06, 2016 BY Mike Fox

Dukascopy sets new limits on GBP and EUR based indices; updates trading conditions for Binary options

Today Swiss based FINMA and EU regulated brokerage house Dukascopy has amended certains CFD contract trading conditions. The amendments include index and Binary options CFDs. Firstly, maximum exposure limits on GBP and EUR based indices were increased today at 15:00 GMT, 06 July 2016 as follows: GBP/IDX - 30 contracts DEU.IDX/EUR -50 contracts ESP.IDX/EUR -50 contracts EUS.IDX/EUR…

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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…

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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,…

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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…

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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…

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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…

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