FTSE Mondo Visione Exchanges Index:
News Centre
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Date 24/07/2012
CFTC Announces Designation Of DTCC-SWIFT As The Provider Of CFTC Interim Compliant Identifiers - Interim Identifiers Will Transition Into Global Legal Entity Identifier (LEI)
The Commodity Futures Trading Commission (CFTC) today issued an Order designating DTCC-SWIFT as the provider of the legal entity identifiers (LEI), which will be used by registered entities and swap counterparties in complying with the CFTC’s swap data reporting regulations. LEIs, to be known as CFTC Interim Compliant Identifiers or CICIs until establishment of a global LEI system, are essential tools for aggregation of derivatives data. They will be crucial to the ability of CFTC and other financial regulators to use swap data to fulfill the systemic risk monitoring and mitigation, market transparency, and market abuse prevention purposes of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Date 24/07/2012
IntercontinentalExchange Introduces Clearing For Emerging Markets CDS Index
IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, has launched clearing for emerging markets credit default swap (CDS) indexes. ICE Clear Credit, ICE's North American CDS clearing house, is the first to offer real-time, trade-date clearing of the Emerging Markets CDS index (CDX.EM) for buyside and dealer-to-dealer trades. The launch of CDX.EM series 16 and 17 augments the list of over 40 cleared North American indexes available for client clearing at ICE.
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Date 24/07/2012
ESMA Publishes Updated List Of Measures Adopted By Competent Authorities On Short Selling
ESMA today published an update regarding the measures taken by EU competent authoritites regarding short selling.
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Date 24/07/2012
Press Conference By Tadahiro Matsushita, Japan's Minister For Financial Services - Insider Trading, LIBOR Manipulation, Management Of TIBOR HSBC And Money Laundering
[Questions & Answers]
- Q.
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I have two questions concerning insider trading cases related to public offerings of new shares.
On July 15, a former executive officer of SMBC Nikko Securities Inc. and other people were re-arrested. The former executive officer is suspected of having leaked information concerning two other stocks, and this has reinforced the suspicion that he was leaking information as a routine practice. Could you comment on that? Also, regarding SMBC Nikko Securities' ongoing internal investigation, what results do you expect?
I have another question concerning insider trading related to public offerings of new shares. Last Friday, the Tokyo Stock Exchange (TSE) announced a plan to strengthen surveillance over insider trading related to public offerings of new shares. The plan apparently centers on having a dedicated division check whether or not there are illegal transactions. Could you offer your assessment of the plan?
- A.
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As for your first question, a former executive officer of SMBC Nikko Securities was re-arrested. Frankly speaking, that is outrageous. As I will explain later, when I visited the TSE, I held various discussions with TSE executives. On that occasion, I stressed my points to the TSE executives.
As I have repeatedly said, securities companies must strictly manage corporate information related to tender offers and other relevant corporate information from the perspective of preventing illegal trading such as insider trading.
They are required to develop effective internal control systems and conduct business with a high level of compliance awareness and professional ethics. As for administrative actions that may be taken in specific cases, I would like to refrain from making comments for the moment, as our investigation is still ongoing. However, I am keeping a close watch on these cases with very strong interest. If a problem is recognized with regard to a securities company's business operation, we will take strict actions in accordance with laws and regulations.
I visited the TSE on July 12. The visit was very timely, as it followed the recent succession of various insider trading cases involving securities companies and others.
In relation to your question, from the perspective of ensuring the fairness and transparency of the financial and capital markets, it is very important to prevent insider trading. I think it is important that the financial authorities and financial product exchanges work together in this task, so I visited the TSE on July 12.
On that occasion, I was briefed on the TSE's plan for preventing insider trading, which was announced on July 13. Before receiving the briefing, I had conveyed to the TSE my grave concern and disappointment regarding the succession of insider trading cases and asked the exchange to formulate its approach to this problem and explain it to me. When I received the briefing, I asked the TSE to tackle the problem with a sense of urgency.
The FSA will also continue efforts to prevent insider trading and ensure and enhance the fairness and transparency of the market while taking advantage of the results of the TSE's activities.
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Date 24/07/2012
Alpha Exchange Leverages Cloud For Market Data Delivery, Partners With Xignite To Expand Global Reach - Alpha Data Cloud To Deliver Canadian Securities Market Data To Mobile Devices And Financial Applications Worldwide
Xignite Inc. and Alpha Market Services Inc., the data distributor for Toronto Based Alpha Exchange, today announced their agreement to launch new services offering access to Alpha Exchange real-time and historical market data via the Internet. Alpha Exchange trades securities listed on the TSX, TSX Venture and Alpha Exchange listing markets. Alpha Exchange has roughly 20% of Canadian market share and will leverage Xignite’s leading financial market data cloud solutions to deliver data through easy to consume application programming interfaces (APIs). These services are ideally suited to fuel the next generation enterprise and mobile applications, increasing the Exchange’s global reach.
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Date 24/07/2012
HKFE Announces Revised Margins For China Merchants Bank And HSBC Futures
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Thursday, 26 July 2012, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are based on the clearing company's normal procedures and standard margining methodology.
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Date 24/07/2012
UK's Financial Services Authority Fines Former Insurance Broker £471,846 For Misappropriating Insurance Premiums
The Financial Services Authority (FSA) today banned and fined a former commercial insurance broker who used clients’ insurance premiums to fund his business. Stephen Goodwin, a former partner of Goodwin Best in Bury, Lancashire, has been fined £471,846 for the failings and prohibited from working in regulated financial services.
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Date 24/07/2012
Newedge Selects Fidessa For Global Multi-Asset Trading Platform And OMS - System To Provide A Fully Managed, Multi-Asset Workflow Solution For 100+ Markets Worldwide
Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world’s financial community, today announced that Newedge, one of the leading forces in multi-asset execution globally, has selected the Fidessa trading platform and order management system for its global derivatives and equity trading business.
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Date 24/07/2012
Banking At The Cross-Roads: Where Do We Go From Here? Speech By Lord Turner, UK Financial Services Authority Chairman At Bloomberg
Two weeks ago the Economist front page headline was ‘Banksters’. When a respected magazine, read throughout the world, suggests that banking is riddled with malpractice, its ‘credibility shot’, trust evaporated, we have a major problem.
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Date 24/07/2012
Statement By The President Of The Eurogroup - Rating Decision Of Moody's
We take note of the rating decision of Moody's which confirms the very strong rating enjoyed by a number of euro area Member States, as supported by the sound fundamentals which these and other euro area countries continue to enjoy. Against this background, we reiterate our strong commitment to ensure the stability of the euro area as a whole.
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