LeapRate Exclusive... LeapRate has learned via regulatory filings that the FCA regulated UK arm of retail forex broker FXCM, Forex Capital Markets Limited, does not expect regulatory action to be taken against the company, similar to what happened in the US. In the US, of course, FXCM and its then-CEO Drew Niv were fined $7…
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Morningstar, Inc. (NASDAQ: MORN), a provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for April 2017. In April, investors put $17.1 billion into U.S. equity passive funds, down from $31.1 billion in March 2017. On the active side, investors pulled $16.8 billion out of U.S. equity…
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Financial professionals using Thomson Reuters (NYSE:TRI) has enriched its environmental, social and governance (ESG) capabilities with the addition of the Insight360 SASB Edition, an app that gives the buy-side the ability to leverage the Sustainability Accounting Standards Board’s (SASB) Materiality Framework to identify investment opportunities and manage risks with near real-time ESG data. Developed by…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Cyprus-based retail forex broker Exness has made an application to the UK financial regulator FCA to increase the scope of its FCA-licensed arm, Exness Europe Limited (Exness UK). Exness received its initial FCA license in September of last year, which LeapRate discussed at the time with Exness…
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Australia based retail and institutional FX services firm Invast Global has announced that its Sydney-based CEO, Gavin White, has been asked to join the Board of Directors of Japan-listed parent company Invast Securities Co., Ltd. (TYO:8709). The nomination of Mr. White to the Board of Invast Securities Co., Ltd. is subject to the approval of the…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that shareholders of online gaming and trading giant Playtech PLC (LON:PTEC) have rejected a resolution put forth by the company's board of directors, to issue a one-time grant of 1.5 million Playtech shares to CEO Mor Weizer. Weizer has been CEO of Playtech since 2007. The shareholder…
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Cyprus financial regulator CySEC has issued a circular to CIF licensed brokers on the island regarding the new rules recently enacted in Spain for forex and binary options trading. As was reported at LeapRate back in late March, Spanish regulator CNMV issued new rules for brokers who offer leverage of more than 10x to Spain-based…
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Rosenthal Collins Group LLC (RCG), an independent futures brokerage based in Chicago that specializes in serving Introducing Brokers, institutions, professional traders and individual investors, today announced the appointment of Brian Ager as President of the firm’s new Institutional Forex division in New York. Ager has spent more than three decades in financial services, including more…
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CySEC regulated retail forex and CFDs broker JFD Brokers has announced the launch of a new franchise program, where partners can benefit exclusively from JFD’s global brand name, building their own regional office while simultaneously empowering their business. The company’s brand new dedicated partnerships website, recently launched, is a direct way for partners and IBs to…
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More news from retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) today. The company announced that its Board of Directors has authorized an expanded stock repurchase program, under which the company may repurchase up to $35 million of its outstanding common stock, nearly doubling the amount approved as of March 31, 2017. Our Board of…
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