December 17, 2015 BY Maria Nikolova

Belgium's FSMA updates list of unauthorized investment businesses, issues 12 more warnings

The Financial Services and Markets Authority (FSMA) of Belgium on Wednesday updated its list of unauthorized investment businesses by issuing 12 more warnings to the public against the activities of various "boiler rooms". The Belgian regulator defines “boiler room” as a type of fraud that involves contacting customers often by telephone, offering to sell them…

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December 17, 2015 BY LeapRate Staff

ASIC asks IronFX to correct disclosure regarding parent company website

Australia's financial regulator ASIC has noted that IronFX, whose Australian subsidiary is licensed and regulated by ASIC, has been asked to correct disclosure about Australian regulation and counterparty arrangements. Following concerns raised by ASIC, IronFX's Australia sub IronFX Global Australia Pty Ltd has taken steps to remove references from the parent company's (IronFX Cyprus) website, and…

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December 17, 2015 BY Mike Fox

Perseus expansion to connect Brazilian financial markets to the world’s largest financial liquidity centers

World leading provider of managed services for high-precision, high-speed, high-performance applications Perseus and RTM, the main technology provider in Brazil's financial industry announced the expansion of their existing relationship, bringing all RTM services onto the Perseus backbone, enabling service scalability across the globe. The network interconnection virtually connects all Brazilian financial market participants to the world’s largest…

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December 16, 2015 BY Maria Nikolova

CFTC approves tighter cybersecurity rules for Derivatives Clearing Organizations, Trading Platforms, Swap Data Repositories

Cybersecurity has been in the focus of US financial regulators over the past several months. In October this year, the National Futures Association (NFA) unveiled new cybersecurity rules for its members, including Forex brokers, and in November, the New York State Department of Financial Services (NYDFS) sent an official letter to Financial and Banking Information Infrastructure Committee…

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December 16, 2015 BY Maria Nikolova

Ladbrokes, Coral Group seek to fast track regulatory approval of merger

The UK Competition and Markets Authority (CMA) today announced an invitation to comment on the proposed merger of gaming and betting provider Ladbrokes PLC (LON:LAD) and certain businesses of Gala Coral Group Limited, including Coral Retail, Eurobet Retail and Gala Coral’s online businesses. As usual, the CMA is considering whether this transaction will result in the…

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December 16, 2015 BY Mike Fox

Thomson Reuters has launched FX Monitor in Eikon Messenger

Thomson Reuters announced today it has launched FX Monitor in Eikon Messenger to better serve its growing community of corporate users. Treasury departments at most major corporations are spread across multiple locations and time zones, as are their banking and financial intermediaries. While most non-financial corporates are not regular or high-volume FX traders, they still require quick…

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December 16, 2015 BY LeapRate Staff

FXSpotStream reports 25% rise in volumes, as Bank of Tokyo-Mitsubishi UFJ goes live as 12th liquidity provider

Multibank FX aggregation service FXSpotStream has announced that Bank of Tokyo-Mitsubishi UFJ is now live as a liquidity providing bank to FXSpotStream’s price aggregation service. We had earlier reported that FXSpotStream had signed up Bank of Tokyo-Mitsubishi UFJ as its 12th liquidity provider back in October. Bank of Tokyo-Mitsubishi UFJ (or BTMU) is the 12th bank…

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December 16, 2015 BY Maria Nikolova

Alpari applies for Russian Forex dealer license

Alpari has joined the string the Forex companies applying for a Russian Forex dealer license. On Tuesday, December 15th, Alpari Forex submitted the necessary documents with the Bank of Russia. The company, whose own funds exceed RUB 100 million, a pre-condition to get a Forex dealer license in Russia, aims to obtain the necessary authorization…

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