News Centre

TABB Group Hires Terry Roche As Principal, Head Of FinTech Research, Expanding Firm’s Technology Coverage Beyond Data & Analytics - Industry Veteran Brings More than 30 Years’ Experience Building And Managing Technology For Thomson Reuters, Reuters, HSBC, Salomon Brothers, Republic Bank Of NY And Telerate

Date 08/09/2015

TABB Group has brought on Terry Roche, an industry veteran with 30 years’ experience in capital markets technology and operations, as principal, head of fintech research. Based in New York, he will be expanding the research and consulting firm’s fintech practice beyond its data and analytics coverage.       

SEC Charges Three RMBS Traders With Defrauding Investors

Date 08/09/2015

The Securities and Exchange Commission today announced fraud charges against three traders accused of repeatedly lying to customers relying on them for honest and accurate pricing information about residential mortgage-backed securities (RMBS).

CFTC Charges Tennessee And Kentucky Residents Rodney Scott Phelps And Jason T. Castenir And Their Company, Maverick Asset Management, LLC, With Commodity Pool Fraud And Other Violations - Federal Court Issues Emergency Order Freezing Assets And Protecting Books And Records

Date 08/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Chief Judge Kevin H. Sharp of the U.S. District Court for the Middle District of Tennessee issued an emergency Order freezing and preserving any remaining pool participant assets under the control of Maverick Asset Management, LLC, Rodney Scott Phelps, and Jason T. Castenir (Defendants) and another company that they control, Maverick Investment Holdings, LLC. The Order, entered under seal on August 25, 2015, also prohibits the Defendants from destroying books and records and grants the CFTC immediate access to those records.

ACER Publishes The REMIT Annual Report One Month Before Data Collection Starts On The Occasion Of Its 10th Public Workshop On Implementation

Date 08/09/2015

On the occasion of the Agency’s 10th Public Workshop on REMIT implementation and one month ahead of the entering into application of the obligation for trade and fundamental data reporting on 7 October 2015 to report wholesale energy contracts executed at organised market places, ACER published today its annual report on its activities under the EU regulation on wholesale energy market integrity and transparency (REMIT) in 2014.

SEC Charges Sports Nutrition Company With Failing To Properly Disclose Perks For Executives - Former Audit Committee Chair Among Four Individuals Charged

Date 08/09/2015

The Securities and Exchange Commission today charged a sports supplements and nutrition company with committing a series of accounting and disclosure violations, including the failure to properly report perks provided to its executives as compensation.

Moscow Exchange Monthly Market Report: August 2015

Date 08/09/2015

The trading volume of stocks totalled RUB 0.8 trln in August. The average daily trading volume was RUB 38 bln, up 27% MoM. The T+2 sector made up 95% of the total secondary market trading volume and the T0 sector accounted for 5%.

SEC Charges Bankrate And Former Executives With Accounting Fraud

Date 08/09/2015

The Securities and Exchange Commission today announced that Bankrate Inc. has agreed to pay $15 million to settle accounting fraud charges.  Three former executives also are charged in the case that involves fraudulent manipulation of the company’s financial results to meet analyst expectations.

UBS MTF Trading Notice: Connectivity Changes

Date 08/09/2015

UBS MTF would like to announce an update to their connectivity model and their corresponding FIX rules of engagement.

DIFC Reports Impressive Growth In First Half Of 2015

Date 08/09/2015

• Total number of registered companies up 8.3% to 1,327
• 140 new licensed companies and a combined workforce of 18,521
• 178,376 sq. ft. of net commercial office space leased in 2015
• Ground-breaking of 11th office building in The Gate District
• H1 2015 growth aligned with the recently announced 10-year strategy

European Stability Mechanism (ESM) Issues €6 Billion 3-Year Bond

Date 08/09/2015

The European Stability Mechanism (ESM) today issued a new €6 billion 3-year euro benchmark bond with a coupon of 0.05%, maturing on December 17, 2018. This is the ESM’s first issue after the new assistance programme for Greece. It is also the ESM’s first-ever 3-year bond.