News Centre

BGC Extends Tender Offer To Acquire GFI Group - Satisfies Regulatory Closing Condition

Date 09/12/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," or "BGC"), a leading global brokerage company primarily servicing the financial and real estate markets, today announced that it has extended the expiration date of its tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: GFIG) ("GFI Group" or "GFI") it does not currently own for $5.25 per share in cash. 

MCX-SX Complies With SEBI’s Conditions

Date 09/12/2014

• Board of Directors of MCX-SX issued shares to new investors post conversion of warrants
• The Exchange has also complied with main conditions imposed by SEBI
• Net-worth of the Exchange now stands comfortably above the regulatory minimum

EPEX SPOT: Successful launch of 15-Minute Intraday Call Auction in Germany

Date 09/12/2014

EPEX SPOT has successfully launched the Intraday call auction for 15-minute contracts on the German power market. 58 trading participants joined the first auction session today at 3 pm. 17,690 MW were traded. The base price – the average price of all contracts traded for delivery 10 December – came out at 32.53 Euro/MWh. More detailed market data on the first trading day can be found on the website of the European Power Exchange (www.epexspot.com). Another five to ten trading participants are expected to join the 15-minute call auction until the end of the year. Please find below the price curve and the traded volumes per 15-minute period for the first delivery day.

CTAs Exit Drawdown, Setting New High Watermarks In November 2014 - Trend Following Strategies Post The Largest Monthly Gain Since 2008

Date 09/12/2014

Newedge, the prime services division of Societe Generale and a global leader in multi-asset brokerage and clearing, today announces the November performance data for its CTA performance indices. 

BMO Financial Group Wins American Financial Technology Award - Deployment Of Xignite Enterprise For Cloud-Based Data Distribution Solution Named “Best Cloud Initiative”

Date 09/12/2014

BMO Financial Group (TSX, NYSE: BMO) and Xignite , the leading provider of market data cloud solutions, announced today that BMO has  implemented  Xignite Enterprise, a cloud-based data distribution solution that helps large financial institutions centralize, distribute and optimize access to market and reference data licensed by Bloomberg and other vendors. BMO’s deployment of Xignite Enterprise - dubbed BMO Skyway - was recognized as the industry’s Best Cloud Initiative at the 2014 American Financial Technology Awards ceremony on December 8th, 2014 in New York City.

EEX Exchange Council: Customer Satisfaction Again Reaches A New High In 2014 - Order Book Trading For Spanish And Swiss Power Futures Approved – New Day And Weekend Futures On The Power Derivatives Market

Date 09/12/2014

On 5 December 2014, this year’s last meeting of the Exchange Council of the European Energy Exchange (EEX) was held in Vienna. It was chaired by Peter Heydecker (Vitol SA). At the meeting, the results of the customer satisfaction survey for 2014 were presented and the introduction of new products on the power market was approved.

Variable Cost Of Financing And Reduction In Prime Broker Relationships Spawns Need For Buy-Side Benchmarking And Surveillance, Says TABB Research - New Report Focuses On Opaque Parts Of Financing And Post-Trade Infrastructure; Phase-In Of 2018 BCBS LCR And NSFR Rules To Begin In 2015

Date 09/12/2014

New capital and leverage ratios being mandated by the Basel III rules, to begin being phased in during 2015, will penalize prime brokers whose securities financing operations will be incrementally included as risk exposure that requires a capital buffer. 

Japan's Financial Services Agency: Stewardship Code : 175 Institutional Investors Have Signed Up To The Principles For Responsible Institutional Investors

Date 09/12/2014

The Council of Experts Concerning the Japanese Version of the Stewardship Code (Chairman: Professor Hiroyuki Kansaku, The University of Tokyo) published the Principles for Institutional Investors (Japan’s Stewardship Code) in February 27, 2014. The Council requested the FSA to publish and periodically update the list of institutional investors who announced their acceptance of the Code. 

MIAX Options - Non-MIAX Market Maker And Marketing Fee Changes For Symbols “EEM, GLD, IWM And QQQ” - Effective December 10, 2014

Date 09/12/2014

Effective December 10, 2014, the MIAX Options Fee Schedule will be amended as outlined below only for trading in symbols “EEM, GLD, IWM and QQQ”.

India-UK Financial Partnership: First Private Sector Meeting With Indian Finance Minister

Date 09/12/2014

The first private sector meeting between the co-Chairmen of the India-UK Financial Partnership, Sir Gerry Grimstone (Chairman of TheCityUK and Standard Life) and Mr Uday Kotak (Executive Vice Chairman and Managing Director of Kotak Mahindra Bank), and the Indian Finance Minister, Arun Jaitley, took place yesterday (Monday 8 December) in Delhi.  The Partnership has been established to strengthen cooperation and links between the UK and India – in particular the financial centres of London and Mumbai.