UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Money Matcher Ltd. Money Matcher Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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TMX Group (TSX:X) today announced that Montréal Exchange (MX) achieved a new open interest record on the Three-Month Canadian Bankers' Acceptance Futures (BAX (1 BAX contract = C$ 1 000,000 dollars)), reaching 1,003,916 contracts on December 13, 2016 and surpassing 1 million contracts for the first time ever. TMX Group has already announced earlier this…
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ASIC has banned Ms Keira Jane Keegan, a financial adviser and former representative of Protect Ensure Pty Ltd, from providing financial services for a period of three years. The banning results from an investigation into Ms Keegan's conduct in recommending self-managed superannuation fund clients invest in financial products issued by Protect Ensure. Ms Keegan worked…
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Business information giant Thomson Reuters Corp (NYSE:TRI) has expanded its index series by providing a total return index that includes only companies that are classified small and mid cap. The Thomson Reuters Western Eurozone Mid & Small Cap Total Return Index is market capitalization weighted and is designed to include only companies that can be…
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The Board of the International Organization of Securities Commissions (IOSCO) published today a Statement on Implementation of New Accounting Standards related to revenue, financial instruments, and leases. The three new International Financial Reporting (IFRS) Standards, issued by the International Accounting Standards Board, are expected to significantly affect the financial statements of many issuers globally, given…
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The European Securities and Markets Authority (ESMA) has opened today a public consultation on the extension of data available to the public in trade repositories as stipulated in the European Market Infrastructure Regulation (EMIR). Public data has experienced several problems related to the comparison and aggregation of data across trade repositories. Therefore, ESMA is setting out…
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The Japanese yen is getting crushed - dropped with 0.7% at 118.0250 per dollar as of 7:38 a.m ET. This happens in the aftermath of the Federal Reserve's decision to raise rates for the second time this decade. As most of the market watchers expected, the Federal Reserve decided to raise its benchmark interest rate by 25…
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LeapRate Exclusive… LeapRate has learned that forex platforms provider Tools for Brokers has rebranded as T4B.com. This step intends to de-emphasize the product aspect of their offering and pinpoint the new service-oriented approach. The company has already used the new domain name t4b.com for some time and officially introduced the new corporate look at the…
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The Securities and Futures Commission (SFC) has prohibited Mr Poon Kin Lung, a former account executive of Phillip Securities (Hong Kong) Limited, from re-entering the industry for two years from 15 December 2016 to 14 December 2018 over breaches of the SFC’s Code of Conduct. The SFC found that from 1 January 2014 to 28…
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The European Securities and Markets Authority (ESMA) has elected a new member to its Management Board to replace an outgoing member who has stepped down from her position. The election took place at the Board of Supervisors meeting in Paris on 14 December and the successful candidate, who will serve the remainder of the outgoing…
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