Intercontinental Exchange to acquire the Chicago Stock Exchange LeapRate

April 05, 2018 BY Valentina Kirilova

Intercontinental Exchange to acquire the Chicago Stock Exchange

Intercontinental Exchange (NYSE:ICE), the operator of global exchanges and clearing houses and provider of data and listings services, has announced that it has entered into an agreement to acquire the Chicago Stock Exchange (CHX), a full-service stock exchange, including trading, data and corporate listings services. The transaction is expected to close in the second quarter…

April 05, 2018 BY Valentina Kirilova

FCA sets out next steps to improve competition in UKs asset management industry

The Financial Conduct Authority (FCA) has informed that it has today published the latest step in its response to the concerns identified through its asset management market study. This is part of a package of remedies to ensure fund managers compete on the value they deliver, and act in the interests of the millions who…

April 05, 2018 BY Valentina Kirilova

SIX Exchange Regulation reaches an agreement with HOCHDORF Holding AG

SIX Exchange Regulation announced that it has reached an agreement with HOCHDORF Holding AG in connection with a breach of the accounting standards (Swiss GAAP FER) in the 2017 interim financial statements. The identified deficiencies relate to the treatment of a mandatory convertible bond. As part of the agreement, the company has committed itself to…

April 05, 2018 BY Valentina Kirilova

FCA warns against Absolute Capital Returns clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Absolute Capital Returns. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

April 04, 2018 BY LeapRate Staff

SEC warns of government impersonators looking to cheat people out of their money

The U.S. Securities and Exchange Commission (SEC) has issued an Investor Alert warning investors of fraudsters claiming to be SEC employees in an attempt to trick investors into sending money or revealing sensitive account information. The alert makes clear that the SEC does not contact investors to confirm trades, set up trading accounts, or record the details…

April 04, 2018 BY Valentina Kirilova

American Financial Exchange with record trading volumes in March

American Financial Exchange (AFX), an electronic exchange for direct interbank lending and borrowing for American financial institutions, has just announced a record month of trading, with $11.75 billion traded across all products. The month of March had already seen a record day (with $735 million traded) and a record week (with $3.5 billion traded). AFX…

April 04, 2018 BY Valentina Kirilova

French AMF warns against fraud crowdfunding advisor website

The Autorité des marchés financiers (AMF) has just issued a public warning regarding the activities of the website https://epargne-eco.fr/, proposing savers to invest in various projects and pretending to be a crowdfunding advisor (CIP) – or about to be registered. The website https://epargne-eco.fr/ offers investors the opportunity to invest in different kind of projects as…

April 04, 2018 BY LeapRate Staff

Trade.com parent Leadcapital Markets Ltd fined €30,000 by CySEC for Romania client issues

Cyprus financial regulator CySEC has announced that it has issued a €30,000 fine to Leadcapital Markets Ltd. Leadcapital operates the Retail FX broker brands Trade.com and FINEXO. According to CySEC, the sanction was imposed because Leadcapital did not act honestly, fairly and professionally in accordance with the best interests of its clients in Romania, in a roughly…

April 04, 2018 BY Valentina Kirilova

SGX appoints Nomura's Mark Leahy as Head of Fixed Income

Singapore Exchange (SGX) has announced the appointment of Mark Leahy as Head of Fixed Income. In this role, Mark Leahy will be responsible for executing the strategy for SGX’s bond trading business, SGX Bond Pro, including driving institutional participation. He will also continue to strengthen SGX’s Asia leadership in bond listings, maintaining the growth momentum…

April 04, 2018 BY Valentina Kirilova

FCA warns against Proinvest Solutions clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Proinvest Solutions. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

Category: Financial Services