News Centre

TOM MTF Welcomes Susquehanna International Securities Ltd. As New Member

Date 10/10/2014

Susquehanna International Securities Ltd., a leading provider of on-screen liquidity in both index and equity options on European exchanges, has become a Member on TOM MTF as of 9 October 2014. With the connection of Susquehanna International Securities Ltd., TOM MTF expects to further enhance the liquidity and quality of trading on its trading platform. 

ASIC: Former Hanlong Managing Director Extradited, Charged With Insider Trading

Date 10/10/2014

As a result of an ASIC investigation, Hui Xiao, also known as Steven Xiao and Jiayi Xiao, the former Hanlong Mining Investment Pty Ltd (Hanlong Mining) managing director, today appeared before court charged with 104 counts of insider trading, following his surrender to Australia.

Montréal Exchange - Interest Rate Derivative Trading Ceases At 1:30 p.m. Today - Exchange Closed On October 13, 2014 - Thanksgiving Day

Date 10/10/2014

Interest rate derivative trading will cease at 1:30 p.m. today, October 10, 2014. Furthermore, the Exchange's offices and markets will be closed on October 13, 2014 (Thanksgiving Day).

ASIC Welcomes Westpac's Payments To CGIC Investors

Date 10/10/2014

ASIC has welcomed a decision by Westpac Banking Corporation (Westpac) to offer to make payments to an additional seven investors in a failed scheme operated by Capital Growth International Club Pty Ltd (In Liquidation) (CGIC) following their contact with former Westpac Home Finance Manager, David St Pierre.

Intergovernmental Group Of Twenty-Four On International Monetary Affairs And Development

Date 09/10/2014

1. We, the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, held our ninety-second meeting in Washington, D.C. on October 9, 2014 with Naglaa El-Ehwany, Minister of International Cooperation of Egypt in the Chair; Alain Bifani, Director General of the Ministry of Finance of Lebanon as First Vice-Chair; and Mauricio Cárdenas, Minister of Finance of Colombia as Second Vice-Chair.

Alleged Russian Cyber-Criminal Now Charged In 40-Count Superseding Indictment

Date 09/10/2014

A federal grand jury in Seattle returned a second superseding indictment late yesterday charging a Russian national with 11 additional counts and further detailing his alleged scheme to hack into businesses and steal credit card information for later sale over the Internet on “carding” websites. 

FINRA Regulatory Notice 14-40 - Confidentiality Provisions In Settlement Agreements And The Arbitration Discovery Process

Date 09/10/2014

Executive Summary

FINRA reminds firms that it is a violation of FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) to include confidentiality provisions in settlement agreements or any other documents, including confidentiality stipulations made during a FINRA arbitration proceeding, that prohibit or restrict a customer or any other person from communicating with the Securities and Exchange Commission (SEC), FINRA, or any federal or state regulatory authority regarding a possible securities law violation.

Nasdaq Announces End-Of-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date September 30, 2014

Date 09/10/2014

At the end of the settlement date of September 30, 2014, short interest in 2,241 Nasdaq Global MarketSM securities totaled 8,291,146,631 shares compared with 8,133,779,532 shares in 2,243 Global Market issues reported for the prior settlement date of September 15, 2014. The end-of-September short interest represents 4.58 days average daily Nasdaq Global Market share volume for the reporting period, compared with 5.67 days for the prior reporting period.

FINRA Foundation Study Reveals Financial Vulnerability Of American Renters

Date 09/10/2014

The FINRA Investor Education Foundation released a new study, American Renters and Financial Fragility, which highlights the financial vulnerability of renters. American Renters reveals that renters tend to be less financially stable than homeowners, have lower rates of financial literacy and are more likely to experience a large drop in income. The findings suggest that, given their financial fragility and low levels of financial literacy, the renter population could have a difficult time responding to income shocks and the financial consequences associated with them.

New York Attorney General Eric T. Schneiderman Announces Agreement With Citi To Return $16 Million To Consumers For Fee Overcharges - 31,000 Citigroup Customers Charged Higher-Than-Promised Rates; Thousands Of Consumers Currently Unaware Of Opportunity To Receive Refunds - Schneiderman: Agreement Ensures Promises Made To Citi Consumers Will Be Honored

Date 09/10/2014

Attorney General Eric T. Schneiderman today announced an agreement with Citigroup Global Markets, Inc. (CGMI), a subsidiary of Citigroup, to reimburse more than 31,000 Citi customers who were charged higher advisory fees than they negotiated. The agreement returns nearly $16 million to about 31,000 Citigroup customers. While some customers have already started to receive their refunds, thousands more are likely unaware that they are eligible to get money back.