Xignite, a provider of cloud-based real-time and reference market data to financial services and fintech companies for easy integration with websites, apps, and software, announced today that former Microsoft executive Mark Rowe has joined the company as its Chief Financial Officer (CFO). Reporting to Xignite CEO and Founder, Stephane Dubois, Rowe will oversee the global finance,…
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In recent years, the market in exchange-traded funds (ETFs) has grown rapidly, both in Europe and globally. In a study of the French ETF market, the AMF analyses this growth’s consequences on market liquidity and stability. Under the influence of investors searching for yield and low-cost products, the ETF market has grown significantly, with global…
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ETFGI, the independent research and consultancy firm on trends in the global ETF/ETP ecosystem, just reported assets invested in ETFs/ETPs listed globally reached a new record high of US$3.689 trillion at the end January 2017 surpassing the prior record of US$3.546 trillion set at the end of December 2016. ETFs/ETPs gathered a record level of…
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The Financial Conduct Authority (FCA) has today published a Discussion Paper which seeks feedback on how the UK primary capital markets can most effectively meet the needs of issuers and investors. The UK’s primary capital markets support the wider economy by bringing together investors seeking investment opportunities, and issuers wanting to access capital to finance…
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The European Securities and Markets Authority (ESMA) has written to the European Commission to raise its concern over the potential establishment of networks of systematic internalisers (SIs) by investment firms to circumvent certain MIFID II obligations; in particular, the requirements for investment firms operating internal matching systems and executing client orders on a multilateral basis…
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The Securities and Futures Commission (SFC) has withdrawn the Restriction Notice issued to Kingsway Financial Services Group Limited (KFS) in connection with a client account that holds proceeds of suspected insider dealing in the shares of TeleEye Holdings Limited. The withdrawal of the Restriction Notice came after the SFC obtained court orders to prevent dissipation…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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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 Jazz Loans. Jazz Loans is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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The Monetary Authority of Singapore (MAS) announced some regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs). Relaxation of business restrictions with enhanced prudential standards Finance companies fill a useful niche in SME financing, complementing the role of banks. They often…
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LeapRate Exclusive... LeapRate has learned from court documents that retail forex broker FXCM Inc (NASDAQ:FXCM), recently banned from the US forex market, has agreed to pay a $650,000 fine in settlement of charges that it was undercapitalized, and slow to report its capital position, in the wake of the January 15, 2015 spike in the value…
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