News Centre

Thai Bourse Market Report For October 2014

Date 12/11/2014

• Daily average trading value up 29 pct year-on-year to USD 1.53 bln
• Market cap at USD 437 bln, down slightly from end-September
• Derivatives trading down 6.62 percent m-o-m to 184,181 contracts per day
• Foreign investors sold a net USD 497 mln in October

UBS Sees Strong Support For Its Share-For-Share Exchange Offer – Reduces Minimum Acceptance Condition And Extends Initial Acceptance Period

Date 12/11/2014

UBS and UBS Group announced today that based on a preliminary count, a total of 86.55% of UBS shares have been tendered into UBS Group AG’s share-for-share exchange offer. UBS Group AG has reduced the minimum acceptance condition to 66.67% and has extended the initial acceptance period of its share-for-share exchange offer to 20 November 2014.

Barclays Statement In Response To Foreign Exchange Settlement Announcement

Date 12/11/2014

FINMA Sanctions Foreign Exchange Manipulation At UBS

Date 12/11/2014

The Swiss Financial Market Supervisory Authority FINMA has concluded enforcement proceedings against UBS AG (UBS) regarding foreign exchange trading conducted in Switzerland. FINMA found that over an extended period of time the bank's employees in Zurich at least attempted to manipulate foreign exchange benchmarks. In addition, employees acted against the interests of their clients. Risk management, controls and compliance in foreign exchange trading were insufficient. By breaching control requirements and owing to the misconduct of its employees, UBS severely violated the requirements for proper business conduct. Alongside the imposition of other corrective measures, FINMA has ordered UBS to disgorge a total of CHF 134m. It has also initiated enforcement proceedings against eleven persons involved in the case. 

Thai Bourse Joins Federation Of Thai Industries To Strengthen Companies Towards AEC

Date 12/11/2014

The Stock Exchange of Thailand (SET) signed a memorandum of understanding (MOU) with The Federation of Thai Industries (FTI) to strengthen capabilities of Thai companies and prepare them to list on SET and Market for Alternative Investment (mai), and in turn boosting business opportunities via the capital market for the upcoming ASEAN Economic Community (AEC).

CFTC Orders Five Banks To Pay Over $1.4 Billion In Penalties For Attempted Manipulation Of Foreign Exchange Benchmark Rates - Citibank, HSBC, JPMorgan, RBS, And UBS Coordinated Trading With Other Banks In Private Chat Rooms In Their Attempts To Manipulate

Date 12/11/2014

The U.S. Commodity Futures Trading Commission (CFTC) issued five Orders filing and settling charges against Citibank N.A. (Citibank),HSBC Bank plc (HSBC), JPMorgan Chase Bank N.A. (JPMorgan), The Royal Bank of Scotland plc (RBS) and UBS AG (UBS) (collectively, the Banks) for attempted manipulation of, and for aiding and abetting other banks’ attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.

AxiomSL Appoints Raymond Tse As The APAC Chief Financial Officer / Chief Operating Officer

Date 12/11/2014

AxiomSL, the global leader in regulatory reporting and risk management solutions, announced today the appointment of Raymond Tse as APAC Chief Financial Officer and Chief Operating Officer. As CFO and COO, Mr. Tse will drive AxiomSL’s corporate vision, financial resources and all operations with the goal of expanding and growing in line with the company’s strategic objectives across the APAC region.

Eze Software Group Releases New Version Of Its Execution Management System - RealTick EMS 11.3 Release Brings Improved Trading And More Streamlined Execution Functionality

Date 12/11/2014

Eze Software Group, a premier provider of global investment technology, today announced a new release of RealTick® EMS, its award-winning multi-broker, cross-asset electronic execution platform. Version 11.3 provides enhanced execution management workflow and new trade performance capabilities, enriching the overall trading experience.

UBS Participates In Regulatory Resolutions Of Industry-Wide FX Matter - Foreign-Exchange Related Investigations Resolved With FINMA, CFTC, FCA - Total Charges Fully Provisioned In Third Quarter Of 2014

Date 12/11/2014

UBS has reached resolutions with the Swiss Financial Market Supervisory Authority (FINMA), the US Commodity Futures Trading Commission (CFTC) and the UK Financial Conduct Authority (FCA) in connection with their industry-wide investigations into irregularities in foreign exchange (FX) markets. FINMA issued an order concluding its formal proceedings with respect to UBS and the firm simultaneously completed settlements with the CFTC and the FCA. 

Shanghai Stock Exchange: Notice Of Launch Of SHSECM Pilot Program

Date 12/11/2014

According to the “Joint Announcement of the China Securities Regulatory Commission and the Securities and Futures Commission of Hong Kong” released on November 10, 2014, the pilot program of the Shanghai-Hong Kong Stock Exchanges Connectivity Mechanism (SHSECM) will be launched on November 17, 2014.