TP ICAP plc (LON:TCAP) has announced the appointment of Michael C Heaney as an independent Non-Executive Director. This follows the decision by the Board, as outlined in the 2016 Annual Report, to recruit a new Non‐Executive Director from the Americas. Heaney, an American national based in New York, has extensive experience of North America in…
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LeapRate Exclusive... LeapRate has learned that London based FX and CFDs broker ETX Capital has stayed internal to replace its recently departed longtime CEO Andrew Edwards, promoting COO Arman Tahmassebi to the CEO position at the company. As was exclusively reported at LeapRate at the beginning of November, Andrew Edwards surprised a lot of people…
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Continuing a very strong month of November we have seen at some of the world’s leading FX and CFD brokers, Copenhagen based multi asset broker Saxo Bank has released figures indicating that November was indeed its best month of the year so far, with the most trading activity seen since November 2016, the month of the…
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The Securities and Exchange Commission (SEC) announced that Daniel Michael has been named chief of the Enforcement Division’s Complex Financial Instruments Unit. In his new role, Mr. Michael will lead a specialized unit of attorneys and industry experts who are located in offices across the country and investigate potential misconduct related to complex financial products…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has announced that it has received approval from regulatory authorities to move its share listing from the “Growth Enterprise Market” (or GEM) to the HKEX Main Board. KVB shares will begin trading on the HKEX Main Board as of next Friday, December 15. Shares of KVB more than doubled…
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Global retail forex and multi-asset broker HotForex has announced that it has started offering Premium Trader Tools, a collection of advanced trading applications which can be downloaded and installed on MT4 platforms. A HotForex spokesperson said: Making more informed and confident trading decisions is now more possible than ever with Premium Trader Tools! Our clients have…
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Next Group Holdings, Inc. (OTCMKTS:PLKD) announced today that on December 6, 2017 the Company has completed its acquisition of 51% of SDI NEXT Distribution LLC, previously announced August 24 as a Letter of Intent (Letter of Intent to Acquire Majority Interest in SDI Next Distributors LLC) with Fisk Holdings, LLC. As Managing Member of the…
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Rob Gruppetta, Head of the Financial Crime Department at the UK financial regulator Financial Conduct Authority (FCA) has made a speech yesterday regarding artificial intelligence keeping criminal funds out of the financial system. The speech was delivered to the FinTech Innovation in AML and Digital ID regional event, London, and included highlights such as: Criminals…
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LeapRate Exclusive... LeapRate has learned that leading CFD broker Plus500 Ltd (LON:PLUS) has decided to halt its Revshare payments with affiliates in its 500Affiliates.com program ahead of MiFID II regulations, moving instead to an all-CPA (cost-per-acquisition) model. While most affiliates of FCA and CySEC licensed Plus500 have been working with the CPA model to date,…
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At the Association for Financial Markets in Europe (AFME)’s Board meeting and EGM held in Brussels on 6 December, Michael Cole-Fontayn was appointed as Independent Chairman with effect from 1 January 2018. Michael Cole-Fontayn is retiring from BNY Mellon (NYSE: BK) this month after a 35-year career with the company, most recently as Executive Vice…
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