March 11, 2016 BY Maria Nikolova

Vladimir Putin signs Law introducing fines for supporters of financial pyramids

Russia's president Vladimir Putin earlier this week signed “Federal Law On Amendments to the Russian Federation Code of Administrative Offences”, with the document introducing tougher penalties for those who support the activity of financial pyramids. The Law envisages administrative fines for individuals and businesses that organize financial pyramids and attract investors. There are fines also…

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March 11, 2016 BY Maria Nikolova

triReduce compression cycle eliminates 40% of PLN notional outstanding in LCH.Clearnet’s SwapClear

TriOptima, a post trade infrastructure provider, part of ICAP plc (LON:IAP), announces today that 18 SwapClear members have compressed 40% of outstanding notional and 49% of outstanding trades in Polish zloty (PLN) interest rate swaps and forward rate agreements (FRA) in the latest triReduce compression cycle. The participants eliminated PLN 2.6 trillion PLN ($654 billion)…

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March 11, 2016 BY Maria Nikolova

Novatti signs up two new SaaS clients in Asia

Australia-based payment services provider Novatti Group Ltd (ASX:NOV), which had its public float on ASX in January this year, today announces that it has secured two new Asia-headquartered clients. Contracts have been signed and initial payments received from these two clients that are going to use the Novatti Payments Platform for payment processing transaction on a…

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March 11, 2016 BY Maria Nikolova

Binary Options Scam Watch – Japan's FSA warns against SimPop

Japan’s Financial Services Agency (FSA) has earlier today updated its Warning List of investment companies targeting Japanese clientele without the necessary permission from the authorities. The set of latest additions includes binary options broker SimPop, offering its services via sim-pop.com. The company behind this binary options broker is World Union Lead Trust Limited, purporting to…

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March 10, 2016 BY Mike Fox

Leucadia and FXCM sign MoU to deepen and extend partnership

Leucadia National Corporation (NYSE:LUK) and FXCM Inc. (NYSE:FXCM) today announced that they have entered into a memorandum of understanding to amend the terms of their Amended and Restated Credit Agreement and their Amended and Restated Letter Agreement, each dated January 24, 2015.  The nonbinding MOU remains subject to the execution of definitive agreements and Board and regulatory approvals.  Leucadia…

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March 10, 2016 BY Mike Fox

FXCM reports down 2015 4th qtr results; while February retail volumes fall 7% but institutional sees a boost

FXCM Inc. (NYSE:FXCM), a leading global provider of Forex trading services today announced for the quarter ended December 31, 2015, U.S. GAAP trading revenue from continuing operations of $65.4 million, compared to $93.5 million for the quarter ended December 31, 2014. U.S. GAAP net loss attributable to FXCM Inc. from continuing operations was $85.7 million for the quarter ended…

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