October 19, 2016 BY Valentina Kirilova

Paysafe’s payolution launches e-commerce payments service in the UK

Digital payment solutions provider Paysafe Group Plc (LON:PAYS) has shared that its payolution division has announced the UK launch of its ‘buy now, pay later’ service. Vienna-based payolution’s entry into this latest market starts with the first UK integration of the company’s instalment payment option for Odlo, the Norwegian-based online sports retailer with stores across the UK…

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October 19, 2016 BY Valentina Kirilova

GMO CLICK releases preliminary consolidated financial results, operating revenue is ¥13,844M

GMO CLICK Holdings, Inc. (TYO:7177) has released the following preliminary consolidated financial results for the Second Quarter of the Fiscal year ending March 31, 2017. Official financial results announcement is scheduled on October 25, 2016. Preliminary Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2017 (April 1, 2016 to September 30,…

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October 19, 2016 BY Valentina Kirilova

Securities Commission Malaysia files civil suit against Dato’ Sreesanthan Eliathamby for insider trading

Securities Commission Malaysia (SC) has filed a civil suit at the Kuala Lumpur High Court against Dato’ Sreesanthan Eliathamby for insider trading involving the shares of Worldwide Holdings Bhd (Worldwide). In the claim filed on 12 October 2016, SC claimed that Dato’ Sreesanthan had breached section 89E(2)(a) of the Securities Industry Act 1983 (SIA), where…

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October 19, 2016 BY Valentina Kirilova

Shanghai Futures Exchange launches new market surveillance platform powered by Nasdaq’s SMARTS

Nasdaq (Nasdaq:NDAQ) has announced that Shanghai Futures Exchange (SHFE), one of the world’s largest futures markets, has launched a new market surveillance platform powered by SMARTS, Nasdaq’s flagship surveillance solution. Ulf Carlsson, Vice President and Regional Manager, North Asia and Japan, Nasdaq, said: We are truly honored to be working with Shanghai Futures Exchange on…

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October 19, 2016 BY Valentina Kirilova

Former Equititrust CEO remains permanently banned from providing financial services

Mr Mark McIvor, former chief executive officer and founding director of Equititrust Limited (in liquidation) remains permanently banned from providing financial services after withdrawing an application to the Administrative Appeals Tribunal (AAT) to appeal against ASIC's original banning decision. Mr McIvor has been permanently banned from providing financial services on 2 September 2015 following an earlier…

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October 18, 2016 BY Valentina Kirilova

CBOE Vest launches CBOE Vest Defined Distribution Strategy Fund (VDDIX)

CBOE Vest, an investment manager focused on Target Outcome Investment strategies, has announced it has launched the CBOE Vest Defined Distribution Strategy Fund (VDDIX). VDDIX seeks to generate consistent monthly distributions, non-correlated to equity or bond markets, of 5.25% annualized over the one-month Treasury yield, before fees and expenses, while preserving capital over the long term.…

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October 18, 2016 BY Valentina Kirilova

Netflix stock jumps over 20% on big earnings beat

Netflix's (NASDAQ: NFLX) stock surged 20% after hours on Monday as original hit shows like Stranger Things and Narcos helped the streaming video company crush Wall Street expectations. Netflix beat on both international and domestic subscriber additions by a hefty margin, as well as on EPS. Netflix's revenue was roughly in line with Wall Street…

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October 18, 2016 BY Valentina Kirilova

IbanFirst raises €10M to become the new online financial service platform for SMEs

Fintech company IbanFirst, specialized in international payments with real-time exchange rate access, raises €10 Million announcing their next growth phase as well as new innovative online financial services for SMEs, available in Banking-as-a-Service (BaaS) mode. With BaaS, IbanFirst can bring together all Fintech companies under one single web platform to provide the day to day financial…

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October 18, 2016 BY Valentina Kirilova

LMAX plans move to Ireland if UK MiFID financial passorting removed in Brexit

LMAX Exchange, UK technology firm and an FCA regulated multilateral trading facility (MTF) for FX trading, plans to be regulated in Ireland unless the British government preserves the EU single market passporting rights for the financial services industry. LeapRate recently shared an article, indicating that the EU powers are going to take a hard stance on enacting a Hard Brexit, including…

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