News Centre

DLA Piper Comment: Capital Markets Union

Date 18/02/2015

Following the announcement from the European Union today setting out a road map for boosting capital markets across its 28 members, in an effort to spur investment in the region, Michael McKee, Partner at DLA Piper, said:

Trading Technologies’ Platform To Support Quantitative Brokers’ Best Execution Algorithms

Date 18/02/2015

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, and Quantitative Brokers, a leading provider of fixed income and futures algorithms, today announced TT will provide access to Quantitative Brokers’ best execution algorithms from the next-generation TT platform. In addition, TT is planning to add support for other broker algorithms.

ESMA Welcomes Launch Of The Capital Markets Union Process

Date 18/02/2015

Welcoming the launch of the Capital Markets Union process by the European Commission this morning Steven Maijoor, ESMA Chair, said

“Today’s launch by the European Commission of its Green Paper on CMU initiates an important process. CMU has the potential to create a truly integrated EU capital market easing access to finance for European companies and consumers. ESMA strongly supports this project.”

SunGard Wins Acquisition International’s 2015 Hedge Fund Award For Innovation In Global Corporate Actions Processing

Date 18/02/2015

SunGard has won the Acquisition International (AI) 2015 Hedge Fund Award for Innovation in Global Corporate Actions Processing for its XSP solution. Now in its third year, AI’s Hedge Fund Awards use a comprehensive selection process by combining the votes they receive with its own in-house research to arrive at a final winners list.

Changing The Amman Stock Exchange's Trading Session On Thursday 19 February 2015

Date 18/02/2015

Based on the Prime Minister's decision to change the official office hours of the government departments and public institutions due to the weather conditions on Thursday Feb19, 2015 to be end at 12 am. 

TMX Datalinx To Become Global Distributor Of Wall Street Horizon’s Data Products

Date 18/02/2015

TMX Datalinx, the information services division of TMX Group, and Wall Street Horizon Inc, (WSH) today announced an agreement under which TMX Datalinx will become a global distributor of Wall Street Horizon's data products.

trueEX Appoints CIO, Reports Record Trading Volumes

Date 18/02/2015

trueEX, the first designated contract marketplace for interest rate swaps, announced today the appointment of Saro Jahani as Chief Information Officer. The appointment comes at a time of rapid growth for the company, which reported record activity on its platform in January 2015.

UK Financial Conduct Authority - TR15/1: Asset Management Firms And The Risk Of Market Abuse

Date 18/02/2015

This paper presents our findings from the thematic review of how asset management firms control the risk of committing market abuse.

Why are we issuing this thematic review?

Market abuse damages market integrity and undermines confidence in financial markets. At a firm level, association with market abuse causes reputational damage and can lead to substantial financial loss. Our regime requires firms to have effective processes to identify, monitor and manage the risk of market abuse.

TheCityUK Responds To Lord Hill’s Capital Markets Union Green Paper

Date 18/02/2015

Responding to Lord Hill’s Building a Capital Markets Union Green paper, Chris Cummings, Chief Executive at TheCityUK, commented:

“This green paper represents a significant step forward in the drive to create a Europe where essential finance needed to drive growth can flow more freely. In the UK and across Europe more and better paid jobs are needed, and these can only come from firms investing in their businesses.

European Commission - Fact Sheet: Q & A On The Green Paper On Building A Capital Markets Union

Date 18/02/2015

General Questions

What does the term 'Capital Markets Union' mean?

The free movement of capital is a long-standing objective of the European Union – a fundamental freedom which should be at the heart of the single market. Despite the progress that has been made, Europe's capital markets remain fragmented along national lines and European economies remain heavily reliant on banks for their funding needs. This makes them more vulnerable in bad times to a tightening of bank lending, as happened during the financial crisis.