News Centre

Hong Kong's Securities And Futures Commission Bans Lum Yin Ling For Life

Date 21/02/2014

The Securities and Futures Commission (SFC) has banned Ms Lum Yin Ling from re-entering the industry for life.

Notice On Publishing And Implementing The “Polypropylene Futures Contract Of Dalian Commodity Exchange” And The Amendments To Related Detailed Rules For Implementation

Date 21/02/2014

The “Polypropylene Futures Contract of Dalian Commodity Exchange” has been officially approved by the China Securities Regulatory Commission (CSRC) (CSRC Letter Document No. 54 [2014]), and the amendments to related detailed rules for implementation including the “Amendment to Detailed Trading Rules of Dalian Commodity Exchange”, the “Amendment to Detailed Delivery Rules of Dalian Commodity Exchange”, the “Amendment to Measures for Risk Management of Dalian Commodity Exchange”, the “Amendment to Measures for Management of the Designated Delivery Warehouses of Dalian Commodity Exchange” and the “Amendment to Measures for Management of Standard Warehouse Receipts of No. 1 Soybeans, No. 2 Soybeans, Corn, LLDPE, PVC, Fiberboard, Blockboard and PP of Dalian Commodity Exchange” have been deliberated on and approved by the 48th session of the 2nd Council of Dalian Commodity Exchange as well as reported to the CSRC.

New York Attorney General Schneiderman Applauds Decision By Business Wire To Prohibit High-Frequency Traders From Purchasing Direct News Feed - Decision Helps Curb Unfair Practices By High-Frequency Traders, Part Of Attorney General’s Effort To Combat “Insider Trading 2.0” - Schneiderman: Insider Trading 2.0 Erodes Confidence In The Markets And Unfairly Disadvantages Other Investors

Date 21/02/2014

Attorney General Eric T. Schneiderman today issued the following statement on the decision by Business Wire, a subsidiary of Berkshire Hathaway, to stop selling direct feeds of the information it distributes on behalf of clients to high-speed trading firms:

“Business Wire’s decision to voluntarily step forward and stop selling its clients’ information directly to high-speed traders is a tremendous victory for our effort to eliminate advance trading on market-moving information and a demonstration of Business Wire’s commitment to being a responsible industry leader. My office is committed to ensuring a fair, stable, and transparent market. That means cracking down on the bad actors and encouraging industry leaders to step forward and self-police their industry. High-frequency traders who drain the value out of market-moving information in the milliseconds before it becomes available to other investors erode confidence in our markets and skim from the rest of the investing public, which hurts the entire market. I strongly encourage other participants in this industry to follow the leadership of companies like Business Wire and join us in the effort to level the playing field between high-frequency traders and the rest of the investing public.”

CalPERS Names Dan Bienvenue Senior Investment Officer For Global Equity

Date 20/02/2014

The California Public Employees' Retirement System (CalPERS) has named Dan Bienvenue the Senior Investment Officer (SIO) for Global Equity, effective immediately. Bienvenue had been serving as the Acting SIO for Global Equity since June 2013 after Eric Baggesen took another leadership position within the CalPERS Investment Office.

Change To The Impact Of Corporate Action Of Vodafone Group Plc On NASDAQ OMX Indexes

Date 20/02/2014

Vodafone Group Plc (Nasdaq:VOD) announced a pro rata distribution to shareholders of record on February 20, 2014, of Verizon Communications Inc. (VZ) common stock and cash, which will occur after close of business on February 21, 2014, followed immediately by a reverse stock split of VOD.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX Venture Composite And Venture Select Indices

Date 20/02/2014

S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

The  Toronto  Stock  Exchange  announced  today  in  the  Daily  Bulletin  that  the  shares  of SilverCrest Mines Inc. (TSXVN:SVL) will graduate to trade on TSX at the open of trading on Monday, February 24, 2014. The ticker symbol will remain “SVL” and the CUSIP number will remain 828364 10 6. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Friday, February 21, 2014.

Statement From Nigeria's Coordinating Minister For The Economy And Minister Of Finance, Dr Ngozi Okonjo-Iweala

Date 20/02/2014

The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, has assured that the recent developments at the Central Bank of Nigeria will not change the economic policy focus of the country.

Stephen Luparello Named As Director Of SEC’s Division Of Trading And Markets

Date 20/02/2014

The Securities and Exchange Commission today announced that it has named Stephen Luparello as director of its Division of Trading and Markets.

CFTC Revokes Registrations Of Colorado-Based Forex Company, Veruus Wealth Management, LLC

Date 20/02/2014

The U.S. Commodity Futures Trading Commission (CFTC) announced today that the CFTC has revoked the Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) registrations ofVeruus Wealth Management, LLC (Veruus), a Colorado limited liability company located in Denver, Colorado.

Division Of Trading And Markets Acting Director John Ramsay To Leave SEC

Date 20/02/2014

The Securities and Exchange Commission today announced that John Ramsay, acting director of the Division of Trading and Markets, will leave the agency next month after three and a half years of leadership and service. Mr. Ramsay, who was appointed deputy director of the division in September 2010 and has served as acting director since December 2012, plans to return to the private sector. The SEC separately today named Stephen Luparello as the division’s director.