Category: Financial Services

sec fraud
November 13, 2017 BY LeapRate Staff

Draven LLC and owner Derek Springfield banned and fined in multi million dollar Forex fraud

The U.S. Commodity Futures Trading Commission (CFTC) has  announced that Judge David G. Campbell of U.S. District Court for the District of Arizona entered a Consent Order against Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona finding that they fraudulently solicited and received at least $1.8 million from approximately 112 commodity pool participants in…

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November 13, 2017 BY Valentina Kirilova

AFME and IA publish updated Equities Electronic Trading Questionnaire ready for MiFID II

The Association for Financial Markets in Europe (AFME) and the Investment Association (IA) have today published an updated version of the Equities Electronic Order Handling Questionnaire incorporating the obligations and requirements set out under MiFID II. The initiative, which was originally launched in March 2016, establishes a common framework for buy-side clients to request information…

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November 13, 2017 BY Valentina Kirilova

First ferrous metal product Iron Ore Futures debuts on HKEX

Hong Kong Exchanges and Clearing Limited‘s (HKEX) first ferrous metal product, cash-settled TSI Iron Ore Fines 62% FE CFR China Futures (Iron Ore Futures) started trading today, with total volume of 1,022 contracts, equivalent to 102,200 tonnes of iron ore, during the day trading session. As an exchange-traded product, Iron Ore Futures aims to provide…

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SGX announces trading volumes
November 13, 2017 BY Valentina Kirilova

SGX launches new derivatives on MSCI Emerging Markets Indices

Singapore Exchange (SGX) today announced that it has launched net total return and price return futures on the MSCI Emerging Markets (EM) and MSCI EM Asia indices, making it the first and only exchange in Asia to offer investors exposure to these fast-growing market segments. Asia is the dominant risk and investment factor to the…

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Cboe ETF Marketplace Cboe Global Markets Inc. (Nasdaq: CBOE)
November 13, 2017 BY Valentina Kirilova

Cboe welcomes eight new OppenheimerFunds ETFs to ETF Marketplace

Cboe Global Markets, Inc. (Nasdaq: CBOE) announced that it has  welcomed eight new OppenheimerFunds ETFs to the Cboe ETF Marketplace. The new offerings include two dynamic multifactor ETFs which are designed to give investors increased exposure to the diversification benefits of combining multiple factors, the influence of the macroeconomic environment and overall market conditions into…

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November 13, 2017 BY Valentina Kirilova

Moscow Exchange introduces new index calculation methodology

On 10 November 2017 the Central Bank of the Russian Federation registered a revised methodology for the calculation of Moscow Exchange (MOEX)’s indices. The new methodology increases liquidity requirements for component stocks and allows for a variable number of stocks to be included in the indices. The changes are aimed at increasing interest in Moscow…

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clone firm FCA warning
November 10, 2017 BY Valentina Kirilova

FCA warns against iCash Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm iCash Loans. 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…

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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
November 10, 2017 BY Valentina Kirilova

ESMA updates its Q&As on MiFID II/MiFIR investor protection topics

The European Securities and Markets Authority (ESMA) informed that it has added 4 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The new Q&As cover the topics of post-sale reporting, record keeping, and inducements. The…

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