CySEC financial regulator CySEC has issued a clarification statement regarding the provision of negative balance protection to clients of FX brokers who utilize leverage in their trading. When CySEC announced back at the end of November - which was first exclusively reported at LeapRate a week prior - that it was changing the rules for FX…
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The U.S. consumer watchdog Federal Trade Commission, whose purview includes truth in advertising, has sent a warning letter to 21 celebrities including A-listers Sofia Vergara, Naomi Campbell, Lindsay Lohan and Vanessa Hudgens requesting a response regarding recent Instagram posts made by the celebrities, seemingly promoting and endorsing specific products and brands. Instagram is owned by Facebook Inc (NASDAQ:FB).…
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Which FX companies did BMFN and Investoo each acquire? Which senior executive from a leading London based Retail FX broker joined Investoo? Which former Australia FX CEO launched a new Retail FX brand? All these stories and more appeared first or only on LeapRate this past week. Some of our most popular, shared and commented-on posts…
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Another news from the Hong Kong Exchanges and Clearing Limited (HKEX) today, the Exchange has announced that Mr John Killian is appointed the Group Chief Financial Officer to succeed Mr Paul Kennedy effective 13 December 2017. Mr Kennedy will reach his retirement age in December 2017, and we are pleased that he will continue to…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA licensed futures, options and spot forex broker Berkeley Futures Limited has seen a nice turnaround in its business, reporting a modest 4% increase in Revenues in its 2017 fiscal year (ended April 30 2017) to just under £10 million. Last year, in 2016, Berkeley Futures…
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Nordic Growth Market NGM AB and Privanet Group Oyj announced that have signed a letter of intent which would make NGM a significant owner of Privanet Group. Provided the extraordinary general meeting accepts the proposal, and subject to the approval of the Swedish and Finnish FSA, the directed share issue will be conducted in two…
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MTS, one of Europe’s premier fixed income trading venues, has unveiled new functionality that enables the trading of bilateral and centrally cleared Repo contracts between sell-side and buy-side participants for the first time, in collaboration with the launch of LCH’s Sponsored Clearing model from RepoClear. Sell-side dealers have long benefited from the efficiencies of electronic…
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A Thomson Reuters (NYSE:TRI) special report, Projected 2018 Inflation-Adjusted Tax Brackets and Other Key Figures, demonstrates that tax brackets will be adjusted upward in 2018, easing the tax burden slightly for many taxpayers. The adjustments prevent the loss of tax benefits due solely to inflation. The report provides a detailed projection of inflation-adjusted income tax…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) has announced that it will exit the company's credit default swap (CDS) clearing business by mid-2018, freeing up $650 million in clearing member capital. Going forward, in order to meet customer needs in light of uncleared margin rules, CME will focus its over-the-counter (OTC) clearing services on interest rate…
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The Hong Kong Securities and Futures Commission (SFC) today entered into an agreement with the Securities Commission Malaysia to establish a framework for cooperation on financial technology (Fintech). The SFC and Securities Commission Malaysia agreed to cooperate on information sharing and referrals of innovative firms seeking to enter one another’s markets. Cooperation between regulatory counterparts…
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