News Centre

FINRA Fines LPL Financial LLC $950,000 For Supervisory Failures Related To Sales Of Alternative Investments

Date 24/03/2014

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined LPL Financial LLC $950,000 for supervisory deficiencies related to the sales of alternative investment products, including non-traded real estate investment trusts (REITs), oil and gas partnerships, business development companies (BDCs), hedge funds, managed futures and other illiquid pass-through investments. As part of the sanction, LPL must also conduct a comprehensive review of its policies, systems, procedures and training, and remedy the failures.

ESMA Publishes Final Report And Q&A On Revision Of Guidelines ETFs And Other UCITS Issues

Date 24/03/2014

Final Report on Revision of Guidelines ETFs and other UCITS issues | Reference 2014/294 

NASDAQ OMX Announces Changes To The NASDAQ Select Canadian Preferred Share Index

Date 24/03/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced changes to the methodology of the NASDAQ Select Canadian Preferred Share Index.

KVH Optimizes Network To Launch Industry’s Fastest Routes To CME From Tokyo And Singapore

Date 24/03/2014

KVH Co. Ltd., Asia’s leading information delivery platform headquartered in Tokyo, Japan, today announced the launch of newly optimized ultra-low latency routes to the Chicago Mercantile Exchange (CME) in Aurora, Illinois from Tokyo and Singapore. Commercially available from March 31, 2014 and delivered over a high bandwidth premium Ethernet service, these routes offer SLA-backed latency below 122 and 188 milliseconds between Tokyo and Aurora and Aurora and Singapore, respectively, making these routes the fastest network between these locations in the market today.

NASDAQ OMX Announces Formation Of Global Market Services Business - Hans-Ole Jochumsen To Lead Combined U.S. And European Transactions, Clearing And Settlement Businesses

Date 24/03/2014

The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) today announced the formation of Global Market Services, a new entity comprising NASDAQ OMX transactions, clearing and settlement services in the U.S. and Europe.  Hans–Ole Jochumsen, Executive Vice President, has been appointed to lead the newly combined global business, reporting directly to Chief Executive Officer Bob Greifeld. 

Bucharest Stock Exchange: www.RoCapMarketModern.ro Is Launched Today

Date 24/03/2014

• Official website for the capital market reform focused on eliminating the barriers standing against the development of the capital market in Romania
• Updates on regulatory steps taken to eliminate the eight barriers of the capital market

Warsaw Stock Exchange: Launch Of WIG50 And WIG250 Indices

Date 24/03/2014

• Today WSE starts to publish the WIG50 and WIG250 indices.
• The new index portfolios include, respectively, 50 mid-cap and up to 250 small-cap stocks.
• The new indices are a better reflection of the diversity of WSE-listed companies.
• WSE discontinued the publication of the sWIG80 and WIG-Plus indices on 21 March 2014 and will discontinue the publication of the WIG20 and mWIG40 indices at the end of 2015.

LCH.Clearnet Launches New Clearing Service For Oslo Børs

Date 24/03/2014

Oslo Børs, the Nordic exchange, and LCH.Clearnet Ltd (LCH.Clearnet), the global clearing house, today announced that LCH.Clearnet is now clearing listed securities on Oslo Børs and Oslo Axess.

HKEx: Exchange Continues Initial 3-day Check Of Application Proofs To 30 September

Date 24/03/2014

Given that the new sponsor regime is still at an early stage with limited listing applications submitted since the new regime took effect on 1 October 2013, The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has decided after consultation with the Securities and Futures Commission (SFC) to continue the Initial 3-day Check of Application Proofs1 from 1 April to 30 September 2014, both dates inclusive, to allow more time for market practitioners to familiarise themselves with the new regime.

Finbond Moves To JSE Main Board

Date 24/03/2014

Finbond Group Limited (JSE: FGL) today moved from AltX to the JSE’s Main Board. South African financial services institution Finbond specialises in the design and delivery of value and solution based savings, credit and insurance solutions.