News Centre

NextStage AM Launches The NextStage Investment Company - An Innovative Platform For Long-Term Investments In European 21st-Century Mid-Cap Companies

Date 15/06/2015

NextStage AM is launching NextStage, an investment company whose goal is to provide an innovative approach to long-term equity investment in European mid-cap companies, which make up almost 40% of the economy. NextStage is targeting, as a first step, a capital of €250m and intends to rapidly be listed on the Euronext stock market. This vehicle is currently open to major private and institutional investors and will be accessible to individual investors after its introduction on the Euronext stock exchange. NextStage's first capital increase of €100m will be used to make its initial investments which have already been identified. The company will further increase its capital by €150m by the end of this year.

Portigon Financial Services Deploys Broadridge's Post-Trade Processing Solution For German Domestic And International Operations - Multi-Asset Solution Increases Efficiency, Improves Business Controls And Reduces Costs Through Streamlined Processing

Date 15/06/2015

Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Portigon Financial Services, an international portfolio service provider with branches in Dusseldorf, London and New York, is now live on Broadridge's global post-trade processing solution for both its German domestic and international businesses across exchange-traded derivatives and securities.

Cairo Amman Bank Update: Amman Stock Exchange - Trading Hours During Ramadan

Date 15/06/2015

The ASE official working hours during the holy month of Ramadan will be from 09:30 to 15:30.

Platts China Steel Sentiment Index Slumped In June - Weaker Domestic Outlook Pushed Index Below 50-Point Threshold

Date 15/06/2015

The outlook for new steel orders in China over June deteriorated from May, while expectations for flat steel prices over the coming month was also depressed, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of 42.2 out of a possible 100 points.

UBS Announces Successful Implementation Of UBS Switzerland AG

Date 14/06/2015

With the implementation of UBS Switzerland AG, UBS has taken another substantial step to improve the resolvability of the Group in response to regulatory requirements affecting the entire banking industry. UBS Switzerland AG is now operating as a fully-owned banking subsidiary of UBS AG with its own banking license. As part of the changes to UBS's legal structure, UBS AG's Retail & Corporate and Wealth Management businesses booked in Switzerland have been transferred to UBS Switzerland AG, effective June 14.

Dubai Financial Market Enables Investors To Accomplish Their Transactions Efficiently Through An All-Inclusive Gateway Of 15 Online Services

Date 14/06/2015

• Essa Kazim: “DFM’s pursuit for development has never stopped a single day in line with the vision of HH Sheikh Mohammed Bin Rashid Al Maktoum to provide participants with smart and innovative solutions based on the most advanced technologies”
• Maryam Fikri: “73% of DFM’s main services are available through multiple electronic channels enabling investors to accomplish their transactions and pay online, saving their effort and time”
• 14297 investors are registered for eServices

BATS 1000 Index Flat This Week

Date 12/06/2015

BATS Global Markets (BATS), a leading operator of exchanges and services for financial markets globally, reports the BATS 1000® Index (Ticker: BATSK) remained virtually unchanged this week, rising just 2.6 points to close at 23,054.95.

CFTC Commitments Of Traders Reports Update

Date 12/06/2015

The current reports for the week of June 9, 2015 are now available.

Financial Industry Urges Senate To Protect Consumers, Not Delay Cybersecurity Bill - Industry Expresses Disappointment In Today's Vote, Urges Protections To Mitigate Cyber Attacks Against Businesses, American Consumers

Date 12/06/2015

Following yesterday’s cloture vote on the CISA Bill, The Financial Services Roundtable (FSR), American Bankers Association (ABA) and Securities Industry and Financial Markets Association (SIFMA) strongly urge Senate lawmakers to immediately proceed to consideration of the Cybersecurity Information Sharing Act (CISA) so that financial firms and other sectors can better protect American consumers and businesses by sharing critical information about cyber attacks with each other, the government, law enforcement and other institutions.

UK Financial Conduct Authority: Statement On Achilles Macris

Date 12/06/2015

On 19 May 2015 the Court of Appeal ruled that the FCA should have given Mr Macris the right to make representations on certain matters set out in the final notice issued to JPMorgan Chase Bank N.A (JP Morgan) on 19 September 2013 which related to the ‘London Whale’ trades. Such rights are known as ‘third party rights’. The FCA did not give Mr Macris third party rights because we did not consider that he was identified in the notice. The Court of Appeal decided that Mr Macris was identified.