News Centre

DTCC, EFETnet Launch Global Trade Repository For Commodities Derivatives

Date 19/04/2012

EFETnet B.V. and The Depository Trust & Clearing Corporation (DTCC) announced today that, following their successful pilot program launched in January as the first global repository for OTC commodity swaps, they have begun accepting trade submissions from commodity market participants into the new Global Trade Repository for Commodities (GTRfC).  DTCC and EFETnet’s industry governed low-cost model provides users the ability to submit trades to a single repository in order to fulfill reporting obligations to regulators globally.

SGX Lists Genting Singapore’s Perpetual Bond

Date 19/04/2012

Singapore Exchange today welcomed Genting Singapore’s $500 million 5.125% subordinated capital securities onto Mainboard under the stock code “P9GZ”.

HKEx And Hebei Financial Affairs Office Sign MOU

Date 19/04/2012

Hong Kong Exchanges and Clearing Limited (HKEx) and Hebei Province’s Financial Affairs Office today (Thursday) signed a Memorandum of Understanding (MOU) on cooperation and exchange of information.

DGCX Launches Copper Futures

Date 19/04/2012

• New contracts will go live on April, 20, 2012
• The first ever copper contract in the MENA region
• Establishment of DGCX Copper Advisory Group

European Central Bank Publishes The Eurosystem Oversight Report 2011

Date 19/04/2012

The European Central Bank (ECB) has today published the Eurosystem Oversight Report 2011, which provides information on the Eurosystem’s oversight policies and main oversight activities between the late summer of 2009 and the late summer of 2011. The previous and first Eurosystem Oversight Report was published in November 2009.

Brady Solutions Implemented By Norwegian Power Producer, BKK, To Optimise Operational Deal Flow And Risk Management

Date 19/04/2012

Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, announced today that BKK AS, a Norwegian power production company, has implemented Brady's ContractClearer and Scenario Manager solutions to support its operations, production planning and risk management.

Cass Business School Comment: News Corp

Date 19/04/2012

Commenting on News Corp's decision to strip all foreign holders of its B shares of half of their voting rights, Professor Ajay Bhalla, an expert in family business from Cass Business School, said:

"News Corp's decision to shred the voting rights of all foreign holders of its B class shares is a pre-emptive strike aimed at preserving Murdoch family's ownership of its crown jewels. While the family will retain its voting rights at 39.7 per cent of the total, the biggest loser will be Prince Al Waleed bin Talal, whose voting rights will be halved from 7 per cent to 3.5 per cent. The pressure from the Leveson enquiry in UK is hardly abating and the forthcoming Department of Justice inquiry is likely to push voting B class shareholders into the spotlight and test their allegiance to the Murdoch family - a price which may not be worth paying for both the family and block holders, such as the Saudi Prince. This decision enables the family to distribute the voting rights and avoid any sense of collusion while working on forming new alliances with B class shareholders during these testing times." 

Bursa Malaysia Registers PATAMI Of RM40.8 Million In First Quarter

Date 19/04/2012

Bursa Malaysia Berhad (Bursa Malaysia) registered a profit after tax and minority interest (PATAMI) of RM40.8 million in the first quarter, an increase of 1% from RM40.5 million reported in the same period last year.

Statement By IMF Managing Director Christine Lagarde On Pledge By Poland To Increase IMF Resources By About US$8 Billion

Date 19/04/2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today:

“I warmly welcome today’s commitment by the Polish authorities to contribute €6.27 billion (about US$8 billion) in additional financing to the IMF. This is part of a concerted action among important creditors to ensure the Fund has sufficient resources to tackle crises and to promote global economic stability. This commitment demonstrates Poland’s willingness to support the cooperative effort under way to strengthen global economic and financial stability in the spirit of multilateralism.”

China Everbright Securities Live With ULLINK OMS

Date 19/04/2012

ULLINK, provider of low-latency connectivity and trading solutions for the global financial community, today announced that CHINA EVERBRIGHT SECURITIES went live with ULLINK's comprehensive order management solution in Hong Kong.