Andrew Saks-McLeod
LeapRate Analyst
April 01, 2014 BY Andrew Saks-McLeod

FCA announces intention to implement preventative measures against LIBOR manipulation

British financial markets regulator announces plans to reduce possibility of rate manipulation by traders The Financial Conduct Authority (FCA) announced plans to look into how firms can reduce the risk of traders manipulating key benchmarks as a central part of its Business Plan for 2014/15, which was published yesterday. Together with several London-based financial institutions…

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April 01, 2014 BY Andrew Saks-McLeod

Moscow Exchange signs cooperation agreement with KRX Korea Exchange as it broadens its horizons

Russia's advanced executing venue looks to the Far East for cooperation between venues on financial market development Making headway among executing venues in rapidly emerging markets is Russia's Moscow Exchange (MOEX.ME) which has risen to prominence during the course of the last year as a result of a number of factors, including the direct connectivity provided…

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March 31, 2014 BY Andrew Saks-McLeod

CFTC and OFR Sign Memorandum of Understanding to Improve Data Quality

America's will to continue its widely recognized high level of consumer protection continues in form of joint project on data from swap repositories The Commodity Futures Trading Commission (CFTC)'s Acting Chairman Mark Wetjen and Office of Financial Research Director Richard Berner today announced a Memorandum of Understanding on the terms and conditions for the CFTC…

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March 31, 2014 BY Andrew Saks-McLeod

LeapRate Fraud Watch: $5.75 million civil penalty issued to Florida FX fraudsters

Queen Shoals Consultants, Gary D. Martin, and Brenda K. Martin Charged by CFTC for misappropriating client funds to convicted Ponzi scheme operator and extorting bogus referral fees The U.S. Commodity Futures Trading Commission (CFTC) has today announced that it has obtained a federal court supplemental consent Order requiring Defendants Gary D. Martin and Brenda K.…

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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…

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