News Centre

SEC Charges Credit Rating Agency With Misrepresenting Surveillance Methodology

Date 26/10/2015

The Securities and Exchange Commission today charged credit rating agency DBRS Inc. with misrepresenting its surveillance methodology for ratings of certain complex financial instruments during a three-year period.  The firm agreed to pay nearly $6 million to settle the charges.

Eighth Meeting Of The Financial Stability Board Regional Consultative Group For The Middle East And North Africa

Date 26/10/2015

Today, the Central Bank of the United Arab Emirates hosted the eighth meeting of the Financial Stability Board (FSB) Regional Consultative Group for the Middle East and North Africa (RCG MENA) in Abu Dhabi, United Arab Emirates.

MIAX Options - Daylight Saving Time - November 1, 2015

Date 26/10/2015

Please be advised the MIAX Options Exchange is scheduled to end Daylight Saving Time 2015 at 2:00 a.m. on Sunday, November 1, 2015.  The MIAX will adjust the system time back 1 hour for trading beginning Monday, November 2, 2015.

Intercontinental Exchange To Acquire Interactive Data Corporation From Silver Lake And Warburg Pincus In $5.2 Billion Cash And Stock Transaction - October 28 Investor Call Set To Review ICE’s Third Quarter 2015 Results And IDC Transaction Details

Date 26/10/2015

Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, announced today that it has entered into a definitive agreement to acquire Interactive Data Corporation (“IDC”), a leading provider of financial market data, analytics and related trading solutions, from Silver Lake, the global leader in technology investing, and Warburg Pincus, a leading global private equity firm focused on growth investing. The acquisition is valued at approximately $5.2 billion, including $3.65 billion in cash and $1.55 billion in ICE common stock, and builds on ICE’s global market data growth strategy by expanding the markets served, adding technology platforms and increasing new data and valuation services. An investor call to review third quarter 2015 results and the transaction details will be held on Wednesday, October 28 at 8:30am ET. Details for the call are included at the end of this announcement.

Keynote Address At 2015 ISDA Annual Asia Pacific Conference, Mr Ashley Alder Chief Executive Officer, Hong Kong's Securities And Futures Commission, 26 October 2015

Date 26/10/2015

Today I would like to reflect a bit on some issues which I know the International Swaps and Derivatives Association (ISDA) cares about deeply. 

As you know, in the wake of the financial crisis the Group of Twenty (G20) leaders kicked off an ambitious plan for global financial reforms. 

TABB Group Report Recommends 13 Areas For Improving US Equity Market Resiliency - Market Infrastructure Risk As Important As Market Structure Risk - Benefits Of Automation Can Be Diminished Without Risk Controls, Leading To Unintended Malfunctions

Date 26/10/2015

Five years after the May 6th Flash Crash, market infrastructure risk has become as important as market structure risk, according to a new TABB Group report, “Managing Market Structure Risk: Flash Back” commissioned by The Depository Trust & Clearing Corporation (DTCC). 

Hong Kong's Securities And Futures Commission Bans Wong Sze Yiu For Six Months

Date 26/10/2015

The Securities and Futures Commission (SFC) has banned Mr Wong Sze Yiu, a former account executive of Core Pacific-Yamaichi International (H.K.) Limited (CPYI), from re-entering the industry for six months from 26 October 2015 to 25 April 2016 for failures in relation to managing a client’s account on a discretionary basis.

DFM Company Posts Net Profit Of AED 245.5 Million In The First Nine Months Of 2015

Date 26/10/2015

His Excellency Essa Kazim:

• Foreign investors further enhancing their presence increasing their share of trading activity to 48% with net buying of AED 781 million; and the number jumps to AED 1.6 billion for institutions, which indicates confidence in the quality and diversification of investment opportunities available on the market
• DFM sustained its endeavor to further develop its infrastructure and investor services regardless of any immediate developments concerning trading activity
• Global markets have been noticeably affected by some immediate circumstances including declining oil prices and concerns about the slowdown in China, which led to 28% fall in trading value of regional markets during the first nine months

UK’s Financial Conduct Authority: Payday Lender Dollar To Provide £15.4 Million Redress To Over 147,000 Customers

Date 26/10/2015

Dollar Financial UK (Dollar), trading as The Money Shop, Payday UK, Payday Express and Ladder Loans has agreed with the Financial Conduct Authority (FCA) to refund over £15.4 million to 147,000 customers, who may have suffered detriment as a result of the firm’s affordability checks, debt collection practices and systems errors.

Cordium Triumphs At The HFM US Hedge Fund Services Awards

Date 26/10/2015

Cordium, a leading global provider of compliance consulting, accounting, tax and software to the financial securities industries, has been named Best Advisory Firm (Regulation and Compliance) at the HFM US Hedge Funds Services Awards. The accolade completes the global set for Cordium following its success at the HFM Asia Fund Services awards where it took the title of Best Advisory Firm (Client Service), having previously been named Best Advisory Firm (Regulation and Compliance) and Best Independent Platform (Mirabella) at the European ceremony.