ASIC has banned Stephen Michael Beckton, a financial adviser and former authorised representative of Sentinel Private Wealth Pty Ltd, from providing financial services for five years. ASIC found Mr Beckton did not comply with financial services laws on a number of occasions. An ASIC review of Mr Beckton's advice found that he had recommended clients…
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Bats Global Markets, Inc. (Bats: BATS) has announced that data for its UK-focused indices, which were launched this summer, is available via the following leading market data providers: Boerse Stuttgart Bloomberg Bloomberg PolarLake FactSet FE (Financial Express) FIS MarketMap ICE Data Services IHS Markit Infront IRESS Morningstar NBTrader RIMES SIX Financial Information Thomson Reuters WFG…
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More than nine months after first announcing the plans, Retail forex broker Gain Capital Holdings, Inc. (NYSE:GCAP) has finally announced the Beta launch of ForeignExchange.com, its new international money transfer service, in the UK market. LeapRate initially reported on the planned launch of ForeignExchange.com, as indicated above, in February. Earlier this month Gain Capital had…
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The African Securities Exchanges Association (ASEA) and the Chartered Institute for Securities & Investment (CISI) have signed a Memorandum of Understanding (MoU) to provide an effective framework to develop a common certification programme across the 26 ASEA Member Exchanges. The aim of the partnership is to promote professionalism and develop channels for capacity building and…
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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 London Commodity Exchange Plc. London Commodity Exchange Plc is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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London Stock Exchange Group (LSEG) has announced that its business development programme, ELITE, has signed an agreement with Budapest Stock Exchange (BSE) to launch a tailored ELITE programme in Hungary. BSE becomes ELITE’s first stock exchange partner in Europe. The agreement will see ELITE and Budapest Stock Exchange work together to roll-out a tailored version…
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FX broker Alpari Limited has announced that it has just provided its clients with a new standard.mt5 account. It allows clients to work in the MetaTrader 5 platform under the usual conditions: spreads from 0.3 points, no additional commissions, quote accuracy to five decimal places, minimum lot size from 0.01 and leverage of up to…
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The European Securities and Markets Authority (ESMA) has published an updated questions and answers document (Q&A) on the application of the Alternative Investment Fund Managers Directive (AIFMD). The Q&A includes two new questions and answers on the cross-border marketing of AIFs, clarifying issues around material changes of existing notifications, as well as two new questions…
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Rüdiger Assion, Managing Director, Group Communications, will leave Deutsche Börse AG, effective 31 December 2016. Having worked for Deutsche Börse for around ten years, he will depart the company on his own accord, and by amicable consent with senior management. He will join Leonteq AG, Zurich, where he will take up an advanced new mandate.…
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CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has just announced its monthly volumes and values for October 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,015,928 down 2.1% from 1,038,025 in September 2016. The average daily input value…
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