News Centre

Announcement Of Renminbi Clearing Bank In London

Date 18/06/2014

The People’s Bank of China (PBoC) has confirmed the appointment of China Construction Bank as the Renminbi (RMB) clearing bank in London.  This follows the signing of a Memorandum of Understanding (MoU) on RMB clearing and settlement in London between the PBoC and Bank of England on 31 March 2014, setting out the cooperation between the two institutions relating to the operations of the RMB clearing and settlement service in London, in the broader context of encouraging cross-border use of RMB to support the longer-term rebalancing of the world economy.

New Study On Global Collateral Highlights Immobilization Of Inventory - Academic Study At The London School Of Economics And Political Science Provides Overview Of Current And Projected Collateral Supply And Demand As Well As Challenges Facing The Industry

Date 18/06/2014

A comprehensive academic studypublished at the London School of Economics and Political Science (LSE) and supported by The Depository Trust & Clearing Corporation (DTCC) has revealed that although an overall shortage of collateral is unlikely despite new global regulatory obligations and tighter risk controls mandating increased collateral requirements, access to collateral could become a challenge as firms seek wider sources of liquidity and assets.

Bank Of England: Minutes Of The Monetary Policy Committee Meeting Held On 4 And 5 June 2014

Date 18/06/2014

The Governor invited the Committee to vote on the propositions that:

• Bank Rate should be maintained at 0.5%;
• The Bank of England should maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

Institute Of Trading And Portfolio Management Hires Jason McDonald As Senior Trading Mentor

Date 18/06/2014

The Institute of Trading and Portfolio Management has today announced a significant addition to their global trading operation by hiring former Hedge Fund Manager and Proprietary trader Jason McDonald as a senior Trading Mentor.

TOCOM Kerosene Advances Highest In Nearly 6 Years

Date 18/06/2014

The December 2014 contract (most active back contract month) for Kerosene futures recorded the highest prices in 6 years and 9 month since September 25, 2008 at 83,990 yen per kiloliter..

ESMA Launches Call For Expressions Of Interest To Renew Its SMSC CWG

Date 18/06/2014

The European Securities and Markets Authority (ESMA) is looking to newly constitute a Consultative Working Group (CWG) for the ESMA Secondary Markets Standing Committee (SMSC) as the two-year-term of the existing CWG has recently expired. ESMA is therefore calling for expressions of interest from stakeholders to become a member of the CWG by 13 July 2014.

London Stock Exchange Welcomes Zoopla Property Group Main Market IPO

Date 18/06/2014

• Alex Chesterman, Founder & CEO of Zoopla Property Group opens London trading
• Company IPO raises £385 million, valuing it at £919 million
• 17th technology company to list on London Stock Exchange in 2014

JJ Auto Newly Listed On WSE

Date 18/06/2014

• The Chinese company is the 59th foreign company listed on Warsaw Stock Exchange
• JJ Auto is a leading Chinese manufacturer and supplier of automotive parts

Three New UBS Bond Index ETFs Launched On Xetra - ETFs Provide Access To US And Euro-Zone Corporate Bonds

Date 18/06/2014

Three new UBS Global Asset Management ETFs on US and euro-zone corporate bonds have been tradable in Deutsche Börse’s XTF segment since Wednesday.

US Senate: Subcommittee On Investigations To Examine Conflicts Of Interest, Investor Loss Of Confidence, And High Speed Trading In U.S. Stock Markets

Date 18/06/2014

Conflicts of interest that threaten to undermine investor confidence in U.S. stock markets will be the focus of a Tuesday hearing of the Senate Permanent Subcommittee on Investigations.