May 11, 2016 BY Maria Nikolova

Broadridge expands GPTM with derivatives clearing through acquisition of Dojima LLC

Provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers Broadridge Financial Solutions, Inc. (NYSE:BR) today announces an expansion of its Global Post Trade Management (GPTM) solution, adding exchange-traded derivatives functionality via the acquisition of niche tech firm Dojima LLC. As a result of the deal, whose terms were not…

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May 11, 2016 BY Maria Nikolova

Alpari to change trading conditions for demo accounts

Retail FX broker Alpari Limited has informed its clients that, effective May 16, 2016, there will be changes to the trading conditions for demo accounts. From May 16, 2016, a demo account will be considered active if a trade has been made from this account at least once every 14 days. The previous requirement was…

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May 11, 2016 BY Maria Nikolova

Japan's FSA warns against Brilliant One Forex

Japan's Financial Services Agency (FSA) has earlier today updated its list of unregistered investment companies that target Japanese residents. Amid the latest additions to the list is Brilliant Stage Limited, operating as Brilliant One Forex, an FX services provider that purports to be based in the Seychelles: Sertus Chambers, PO Box 334, Suite3, lSt Floor,…

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May 11, 2016 BY Maria Nikolova

Russia's NSD announces successful conducting of first PVP settlements

A follow-up to LeapRate's earlier report about Russia’s National Settlement Depository (NSD), part of the Moscow Exchange group of companies, launching a new service enabling the processing of client cross-currency settlements – payment versus payment (PVP-1)... NSD announced on Tuesday that the first PVP-1 settlements were successfully conducted by JSCB Derzhava PJSC and PJSC JSCB Metallinvestbank…

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May 11, 2016 BY Maria Nikolova

Australian FX broker Ikon implements measures to rectify client trust accounts, improve disclosure

Concerns raised by the Australian Securities & Investments Commission (ASIC) have led to retail over-the-counter (OTC) derivative issuer Ikon (Australia) Pty Ltd (Ikon) to implement measures to rectify client trust accounts and improve disclosure. The company has agreed to separate client money held in compliance with its obligations under the Corporations Act, from money held…

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