News Centre

Comment From Trad-X On Divergence Of SEF Rules Amongst Global Regulatory Authorities

Date 20/03/2014

Daniel Marcus, CEO, Trad-X, comments:

"The final piece of an increasingly complex puzzle is the global coordination of regulatory reform. This divergence in global regulation previously resulted in unintended consequences such as fragmentation of liquidity. The interim substituted compliance relief period – in line with the Path Forward – has allowed for some of these issues to be mitigated, but there are still several questions about how the 24 March deadline, should it remain unchanged, will impact on liquidity and spreads."

EC Response To ESMA On Classification Of Financial Instruments

Date 20/03/2014

ESMA has published the response received from Commissioner Michel Barnier in response to its letter of 14 February regarding the classificiation of financial instruments as derivatives.

Securities And Exchange Board Of India Bars Financial Technologies From Owning Stake In Stock Exchanges

Date 20/03/2014

The Securities and Exchange Board Of India has ordered Financial Technogies India to sell its stakes in four Indian exchanges.

ESMA Launches Discussion Paper On Central Securities Depositories Regulation

Date 20/03/2014

ESMA is calling for public feedback on possible content to draft technical standards on matters such as settlement discipline, CSD registration and requirements, including confirmation rules (acceptance or rejection of terms in good time before the intended settlement date) for trading venues and investment firms, as well as access to CSDs by other CSDs, participants and other market infrastructures.

Canadian Securities Regulators Propose New Crowdfunding Exemptions

Date 20/03/2014

The Autorité des marchés financiers (AMF), the Financial and Consumer Affairs Authority of Saskatchewan (FCAA), Financial and Consumer Service Commission of New Brunswick (FCNB), the Manitoba Securities Commission (MSC) and the Nova Scotia Securities Commission (NSSC) today published for comment the Integrated Crowdfunding Prospectus Exemption (the Crowdfunding Exemption) and the Start-Up Crowdfunding Prospectus and Registration Exemption (the Start-Up Exemption). The proposed exemptions would, subject to certain conditions, allow both reporting and non-reporting issuers to raise money by distributing securities through internet portals. 

Standard Life Investments On Energy Markets - Power To The People

Date 20/03/2014

Standard Life Investments, the global investment manager, believes that substantial changes to energy markets in recent years could significantly influence the development and shape of the global economy. Regional energy markets continue to be more important than international ones, so the optimal energy mix will still vary from country to country.

CFTC Charges Dallas-based Steven Lyn Scott With Solicitation Fraud, Misappropriation, And Registration Violations In Connection With A Forex Commodity Pool Scheme

Date 20/03/2014

The U.S. Commodity Futures Trading Commission (CFTC) filed an enforcement action March 19, 2014 against Defendant Steven Lyn Scott (a/k/a Stevon Lyn Scott) of Dallas, Texas, charging him with solicitation fraud, misappropriation of customer funds, and registration violations in connection with operating a fraudulent commodity pool scheme.

Keynote Address At PLI – Thirteenth Annual Institute On Securities Regulation In Europe - Keith F. Higgins, SEC Director, Division Of Corporation Finance, London, England, March 20, 2014

Date 20/03/2014

Introduction

Thank you for that kind introduction and the invitation to speak today at what will be my debut on the international stage as the Director of the Division of Corporation Finance.  While I had the pleasure of being in London during my prior life in private practice, this is my first trip abroad in my new role and, more importantly, my first opportunity to use my newly-printed U.S. government employee passport, which, to my great disappointment, did not usher me immediately to the head of the queue at Passport Control when I arrived at the airport yesterday. 

European Parliament Negotiators Rescue Seriously Damaged Bank Resolution System

Date 20/03/2014

European Parliament negotiators on Thursday reached a deal with their member state counterparts on the single resolution mechanism to deal with failing banks. Many elements fell into place early in the morning after 16 hours of talks. The elements agreed will help to ensure that the system cannot become a hostage to political power games and can deliver swift and credible decisions.

Matteo Andreetto Joins STOXX Limited As Global Head Of Sales

Date 20/03/2014

STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced that Matteo Andreetto has joined the company as global head of sales, effective immediately.