Exclusive: IS Prime to offer Negative Balance Guarantees to Forex Brokers in response to ESMA LeapRate

July 24, 2018 BY LeapRate Staff

Exclusive: IS Prime to offer Negative Balance Guarantees to Forex Brokers in response to ESMA

LeapRate Exclusive... LeapRate has learned that FX liquidity and prime brokerage services provider IS Prime, part of ISAM Capital Markets, has embarked on a campaign which is seeing it offer negative balance guarantees to Retail FX brokers, on a case by case basis. The FCA regulated Prime of Prime brokerage has apparently developed this offering following requests…

September 09, 2014 BY Andrew Saks-McLeod

CySec introduces full policy to combat market abuse

Cypriot regulatory authority CySec takes steps to align itself with the MiFID II directive by setting forth a series of rulings regarding market abuse, covering a wide range of asset classes

May 22, 2014 BY Gerald Segal

ESMA launches MiFID II consultation process through August 1

Europe's pan-financial regulator European Securities and Markets Authority (ESMA) has launched its consultation process for the implementation of the revised Markets in Financial Instruments Directive (or MiFID II) This marks the first step in the process of translating MiFID II requirements into practically applicable rules and regulations - primarily aimed at improving financial market transparency and strengthening investor protection.MiFID II introduces changes that…

May 21, 2014 BY Gerald Segal

ESMA posts updated Q&A on EMIR Implementation

On February 12, 2014, new EMIR trade reporting rules came into effect for European Forex, Binary and CFD brokers as mandated by ESMA. Well, it has been more than three months since then, and there remains some confusion as to what a broker's obligations really are, and what does and does not need to be…

April 18, 2014 BY Andrew Saks-McLeod

European FX firms likely to escape clearing obligation under ESMA

ESMA Chair Steven Maijoor has inferred that it is unlikely that FX trades will be subject to clearing requirement as EMIR and MiFID II draw closer. The question as to whether Europe will impose institutional-style FX trade clearing and reporting measures on retail FX firms was indeed a matter for many FX firms to consider…

April 17, 2014 BY Gerald Segal

EU: FX dealers won't face the added cost of having to clear some currency trades...yet

The unified bloc's executive European Commission is deciding whether part of the $5.3 trillion (3.15 trillion pounds) a day foreign exchange market should be legally defined as derivatives under the bloc's laws According to a report in Reuters, foreign exchange dealers won't face the added cost of having to clear some currency trades if the…

March 31, 2014 BY Andrew Saks-McLeod

Unified global FX market a step closer? ODRG report details issues relating to cross-border ruling

International law makers issue report on cross-border issues on OTC derivatives following G20 summit during which widespread agreement was reached The European Securities and Markets Authority (ESMA) continues to demonstrate its commitment to participation in the worldwide governmental effort to ensure compatibility between all financial markets worldwide with regard to the regulatory oversight of OTC…

March 20, 2014 BY Andrew Saks-McLeod

ESMA publishes list of authorised CCPs relating to OTC derivatives

NASDAQ OMX having become a CCP in Europe has prompted swift action by ESMA in setting forth OTC derivatives clearing guidelines Following the authorization of NASDAQ OMX as the first EU-based central counterparty (CCP) on March 18, 2014, the European Securities and Markets Authority (ESMA) has today published information about NASDAQ OMX and the contracts…

February 25, 2014 BY Gerald Segal

ESMA launches an EU wide register of regulated companies

It was about time to have a single framework to access EU wide information through a single resource It's been a long time coming - finally the European authority in charge of financial markets, the ESMA (European Securities and Markets Authority), has issued a press release that details the introduction of a single, consolidated register for…

Tag: ESMA regulation