News Centre

EBA Issues Amended Technical Standards On Supervisory Reporting For Institutions

Date 30/07/2014

The European Banking Authority (EBA) published today its Final draft Implementing Technical Standards (ITS) amending the Commission's Implementing Regulation (EU) No 680/2014 on supervisory reporting under Regulation (EU) No 575/2013 of the European Parliament and of the Council. These final draft ITS include minor changes to templates and instructions which the EBA deemed necessary to publish in order to reflect some of the answers published in its Single Rulebook Q&As, as well as to correct legal references and other clerical errors. The amendments are expected to be applicable for reporting as of December 2014.

ANALEC ClientManager Integrates Thomson Reuters StreetSight Intelligence Into Its Product Suite

Date 30/07/2014

ANALEC North America Inc. has agreed terms with Thomson Reuters to integrate Thomson Reuters’ awarding winning StreetSight buy-side intelligence database into ANALEC ClientManager -ANALEC’s client management platform that addresses some of the most significant strategic client servicing and accountability challenges facing the stock brokerage industry.

SEC Names Alberto Arevalo As Associate Director In The Office Of International Affairs

Date 30/07/2014

The Securities and Exchange Commission today announced that Alberto Arevalo has been named an associate director in the Office of International Affairs (OIA), where he will oversee international enforcement, supervisory cooperation, and technical assistance programs.

Commodity Hedge Funds Continue Building Momentum In 2014 - Newedge Commodity Trading Index Up 0.63% In June, 3.55% YTD

Date 30/07/2014

Newedge, a global leader in multi-asset brokerage and clearing, today announced the performance for its suite of hedge fund indices for the month of June. 

Moscow Exchange: Fund Transfers Using Trading System

Date 30/07/2014

Fund transfers using the trading system will be unavailable until the end of the trading day due to the earlier suspension of Equity & Bond Market trading.

Xignite, Wealthfront And Independent Research Firm Analyst Address The Automated Investment Service Revolution - FinTech Webinar Examines Wealth Management Technology Trends

Date 30/07/2014

Leaders from major financial technology start-up companies Xignite and Wealthfront, join guest speaker Bill Doyle, Vice President and Principal Analyst at Forrester Research, Inc., to provide their insights into a new digital era, which is revolutionizing the wealth management sector and challenging traditional wealth management advisory models.

Moscow Exchange: Resumption Of Equity & Bond Market Trading

Date 30/07/2014

CME Group And GFI Group Announce Plan For Strategic Transactions - CME Group To Acquire Trayport And FENICS From GFI Group - GFI Group Stockholders To Receive $4.55 Per GFI Group Share In CME Group Stock Creating Substantial Stockholder Value - GFI Group's Wholesale Brokerage To Be Acquired By Private Consortium Of Current GFI Group Management

Date 30/07/2014

CME Group, the world's leading and most diverse derivatives marketplace, and GFI Group Inc., a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, today announced that they have entered into definitive agreements to create value for their respective stockholders through a two-step transaction through which:

• CME Group will acquire Trayport and FENICS. CME Group will purchase these businesses by first acquiring all of the outstanding shares of GFI Group in exchange for $4.55 per share in CME Group Class A Common Stock which represents a 46% premium above yesterday's closing price of $3.11 per share of GFI Group common stock.
• Immediately following the acquisition of GFI Group, a private consortium of GFI Group management, led by current Executive Chairman Michael Gooch, CEO Colin Heffron and Managing Director Nick Brown, will acquire GFI Group's wholesale brokerage and clearing businesses for $165Min cash and the assumption, at closing, of approximately $63M of unvested deferred compensation and other liabilities. After completion of the transaction, the wholesale brokerage business, including the Kyte Group, will continue as a private company with its management and operations largely unchanged. The continuing GFI Group brokerage business will maintain its commitment to both Trayport and FENICS by entering into long-term commercial agreements.

Moscow Exchange: Update On Equity & Bond Market Trading Suspension

Date 30/07/2014

Moscow Exchange is currently working to resolve the issues disrupting Equity & Bond Market trading.

ISDA Publishes Bilateral Form Of Amendment Agreement For Certain Silver Transactions

Date 30/07/2014

ISDA has published a Bilateral Form of Amendment Agreement for Certain Silver Transactions, which addresses the winding down of the administration of the London Silver Fix by the London Silver Market Fixing Limited on August 14, 2014. Counterparties with outstanding contracts referencing the ‘SILVER-FIX’ can use the amendment agreement to replace that with a new commodity reference price, which may include a reference to the new London Silver Price, expected to be available from August 15, 2014. The amendment agreement can be downloaded here, while an explanatory note can be found here.