News Centre

NYSE Arca And NYSE MKT Announce Trading And Liquidity Enhancements For ETPs - Designed To Increase Liquidity, Offer Greater Choice And Enhance Customer Experience - New Programs Supporting Issuers, Traders And Retail Customers

Date 28/04/2014

NYSE Arca and NYSE MKT today announced a set of enhancements designed to increase liquidity and market quality in Exchange Traded Products (ETPs), while advancing the listing and trading experience of the ETP community. Each of the initiatives is pursuant to rules filed with the U.S. Securities and Exchange Commission (SEC).

Joint Statement By SEC Commissioners Daniel M. Gallagher And Michael S. Piwowar On The Conflict Minerals Decision

Date 28/04/2014

On April 14, 2014, the D.C. Circuit decided that requiring issuers to describe certain of their products as not DRC conflict free violated the First Amendment.[1] It remanded the case to the district court to determine how much of the Commission’s conflict minerals rule is therefore unconstitutional. We believe that the entirety of the rule should be stayed, and no further regulatory obligations should be imposed, pending the outcome of this litigation. Indeed, a stay should have been granted when the litigation commenced in 2012.

OCC Successfully Launches Clearing OTC S&P 500 Equity Index Options On April 25

Date 28/04/2014

OCC announced today it launched its over-the-counter (OTC) S&P 500® equity index option clearing services on Friday, April 25, bringing capital and operational efficiencies and enhanced customer protections to the OTC equity derivatives marketplace.

Statement Of US Treasury Secretary Jacob J. Lew On Russia And Ukraine

Date 28/04/2014

“Russia’s dangerous and inflammatory actions against Ukraine are illegal and illegitimate. Since Russia has refused to follow through on its Geneva commitments, today the United States is following through on its statements – we are imposing additional costs against Russia, including sanctions on individuals in the Russian leadership’s inner circle and 17 entities closely linked to previously sanctioned members of the inner circle. Today’s targeted actions, taken in close coordination with the EU, will increase the impact we have already begun to see on Russia’s own economy as a result of Russia's actions in Ukraine and from U.S. and international sanctions. Russian economic growth forecasts have dropped sharply, capital flight has accelerated and higher borrowing costs reflect declining confidence in the market outlook. Our goal continues to be for Russia to deescalate the situation so that additional sanctions are not needed. However, we are resolved to continue to work with our international partners and take the steps required, including action against individuals and entities in specific sectors, if Russia continues to press forward.”

U.S. Department Of The Treasury: Announcement Of Additional Treasury Sanctions On Russian Government Officials And Entities - Sanctions Target Seven Russian Government Officials, Including Members Of The Russian Leadership’s Inner Circle, And 17 Entities

Date 28/04/2014

The U.S. Department of the Treasury today designated seven Russian government officials, including two key members of the Russian leadership’s inner circle, and 17 entities pursuant to Executive Order (E.O.) 13661.  E.O. 13661 authorizes sanctions on, among others, officials of the Russian Government and any individual or entity that is owned or controlled by, that has acted for or on behalf of, or that has provided material or other support to, a senior Russian government official.

Federal Reserve Board Announces It Is Requiring Bank Of America Corporation To Resubmit Its Capital Plan And To Suspend Planned Increases In Capital Distributions

Date 28/04/2014

The Federal Reserve Board on Monday announced it is requiring Bank of America Corporation to resubmit its capital plan and to suspend planned increases in capital distributions. The decision relates to the disclosure by Bank of America that the banking organization incorrectly reported data used in the calculation of regulatory capital ratios and submitted as inputs for the most recent stress tests conducted by the Federal Reserve.  

HKEx: Scrip Dividend Scheme In Relation To The Final Dividend For The Year Ended 31 December 2013 - Calculation Of Market Value

Date 28/04/2014

At HKEx’s annual general meeting held on 16 April 2014, Shareholders approved payment of the Final Dividend, as recommended by the Board, to Shareholders whose names appeared on HKEx’s register of members on the Record Date. The Final Dividend will be payable in cash with a scrip alternative under which eligible Shareholders may elect to receive the Final Dividend wholly or partly in the form of New Shares instead of in cash.

Moscow Exchange: Changes To FX And Precious Metals Markets' Risk Management System

Date 28/04/2014

The FX and precious metals markets' risk management system will be modified from 28 April. Two concentration limit levels and several levels of the market risk limit rate  will be introduced, with a simultaneous decrease of the minimum value. Individual risk parameters adjustment will become available per a  settlement code.

HKEx Announces Temporary Holiday Risk Management Arrangements

Date 28/04/2014

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.

Integration In European Financial Markets Improved, But Still Worse Than Before Crisis, New European Commission, ECB Reports Show

Date 28/04/2014

• Financial fragmentation remains high, despite improvements reflecting end of redenomination risk

• ECB presents new SYNFINT financial integration index

• Michel Barnier: Banking union is crucial to enable financial sector to support growth without generating too much risk