Moscow Exchange expands OTC derivatives clearing scope to include FX swaps, forwards LeapRate

February 16, 2016 BY Maria Nikolova

Moscow Exchange expands OTC derivatives clearing scope to include FX swaps, forwards

Moscow Exchange, also known as Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), announced today that starting from February 15, 2016, the Moscow Exchange Standardised OTC Derivatives Market offers new types of centrally cleared OTC transactions, FX swaps and FX forwards. These are in addition to already available central counterparty (CCP) cleared OTC interest swaps and CCP-cleared on-exchange…

February 16, 2016 BY Maria Nikolova

Hong Kong's SFC warns of clone of Blackstone Group

Hong Kong's Securities and Futures Commission (SFC) has been rather active recently in issuing warnings against clone firms of international financial services giants, such as Goldman Sachs Group Inc (NYSE:GS) and BlackRock, Inc. (NYSE:BLK). The rising number of such warnings indicates the growing pace of activity of companies that misuse data of licensed entities in order…

February 16, 2016 BY Maria Nikolova

JPX, IBM Japan to start testing blockchain technology

Japan Exchange Group, Inc. (JPX) today announces a collaboration with IBM Japan on blockchain technology tests. The two companies have agreed to jointly start running proof of concept (PoC) tests for blockchain, or distributed ledger, technology. JPX notes the increased attention that blockchain technology has gained worldwide as one of the most promising Fintech aspects…

February 16, 2016 BY Maria Nikolova

Spain's CNMV issues warnings against three Forex, binary options brokers

It has been about a week since Spain's financial markets watchdog CNMV warned against FXMarker and Imperial Options, and the Spanish regulator has just updated its list of unauthorized investment companies, this time adding three more binary options and Forex services providers that do not have the authorization to target Spanish investors but nevertheless do so.…

February 16, 2016 BY LeapRate Staff

Australia's ASIC bans ex Macquarie manager for using fake Family Office to get info from competitors

ASIC has banned former Macquarie executive Timothy Hornibrook from providing financial services for a period of six years.

February 15, 2016 BY Maria Nikolova

KPMG fees charged to Alpari UK administration top $15M, as $48M has been returned to clients

It has been more than a year since the courts appointed KPMG as the joint special administrators over bankrupt Alpari UK, and the saga is far from over for ex Alpari UK clients. On the 13 month anniversary of the January 15, 2015 Swiss Franc spike which started the story, KPMG has issued its Second Progress Report…

February 15, 2016 BY Maria Nikolova

Andy Malpass leaves Fidessa

A follow-up to LeapRate's earlier report about Andy Malpass leaving Fidessa Group plc (LON:FDSA)... The company today announces that Mr Malpass has retired as its executive director and leaves the Board with immediate effect. This is in line with his previously announced plans to step down once Fidessa publishes its 2015 financial results. Mr Malpass joined…

February 15, 2016 BY Maria Nikolova

Myfxbook introduces new Forex rebate service PAYBACKFX

In tune with LeapRate's earlier report about Myfxbook, the social trading and market analysis expert, planning to launch a new rebate service, the company today announces that PAYBACKFX has gone live. The new service allows traders to get paid back for their own trades (with the same spreads and commissions). Myfxbook notes that the reporting is…

February 15, 2016 BY Maria Nikolova

Various .broker and .trading domains up for sale by Boston Ivy

Boston Ivy Registry, home to specialised financial domains, today announce they will have their premium domains available for purchase from February 15, 2016, with the menu including: asset.broker, investment.broker, exchange.forex, bitcoin.trading and financial.trading. These premium names contain words that are frequently searched by those with interests in trading-related activities, and, thus, represent valuable web addresses…

February 15, 2016 BY LeapRate Staff

One-year MiFID II implementation delay: What does it mean for EU Forex brokers?

Regulators have made it very clear that they expect all firms subject to MiFID II/MiFIR to demonstrate progress in regulatory compliance implementation plans.