Business and financial news network CNBC has today announced the expansion of its Middle East operations with a new studio set to open in October at Nasdaq Dubai. The network will use the new base at MarketSite, part of Nasdaq Dubai’s new offices in the Dubai International Financial Centre (DIFC), to further enhance its editorial…
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Retail Forex broker Alpari has just announced that it has added a new way of making deposits to your Alpari account - via cryptocurrencies. Alpari will not be charging a commission fee for deposits made in bitcoin. How does it work: To make a payment, you need to complete the form in myAlpari, log in,…
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Forex Industry News this past week at LeapRate was a combination of key executive moves, M&A, and fundraising. Which FCA regulated brokers raised money, ahead of new ESMA regulations which become effective in a few weeks' time? Which was the latest business sold by Saxo Bank, which is clearly realigning its operations ahead of a…
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The Hong Kong Securities and Futures Commission (SFC) has announced that it has welcomed the appointment by the Financial Secretary of Mr James C Lin and the re-appointment of Dr William Wong Ming-fung, SC as Non-Executive Directors for a term of two years with effect from 1 August 2018. Dr Wong was first appointed as…
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Retail FX brokerage group eToro has announced the appointment of Lord Stanley Fink as Special Adviser to the business globally. The company said that Lord Fink will advise eToro as it sees increasing interest in cryptoassets from institutional investors around the world. He will take on a part-time role working closely with eToro’s management including co-founder…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Retail and Institutional FX and CFD brokerage Valutrades Limited has raised £1.4 million (USD $1.9 million) in additional capital from its controlling shareholders Anil Bahirwani and Mohandas Lakhiani. Valutrades was originally set up about six years ago as the FCA-regulated UK business of Anil…
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Testing, Inspection and Certification (TIC) provider, Bureau Veritas informed that it has verified the very first Certified Green Bond for solar energy in Brazil. The bond has been issued by distributed solar energy company, Faro Energy in response to the rapid growth of the solar market in Brazil and will be used to finance distributed…
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A new study from the Ontario Securities Commission (OSC) offers insights on barriers to investing for Ontario millennials and how stakeholders can develop and refine products, programs and services that respond to millennials’ needs. Our research findings indicate many Ontario millennials are feeling overwhelmed by investing and don’t know where to start,” said Tyler Fleming,…
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The International Swaps and Derivatives Association, Inc. (ISDA) has announced that it has launched a market-wide consultation on technical issues related to new benchmark fallbacks for derivatives contracts that reference certain interbank offered rates (IBORs). The consultation sets out options for adjustments that would apply to the fallback rate in the event an IBOR is…
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Global commodities broker Marex Spectron has announced that it has received a group credit profile rating from S&P Global of ‘bbb’. This credit assessment reflects S&P’s view of Marex Spectron’s strong market position in Metals, Agricultural and Energy with solid capitalization, robust liquidity and limited risk appetite, according to the company. The stable outlook follows…
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