News Centre

Bermuda Stock Exchange Will Be Closed For The Festive Holidays

Date 19/12/2013

The Bermuda Stock Exchange (“BSX”) advises that the BSX will be closed for the Public Holidays on:

1. Christmas Day, Wednesday, 25 December, and Boxing Day, Thursday, 26 December, 2013, and will re-open on Friday, 27 December, 2013; &
2. New Years Day, Wednesday, 01 January, 2014, and will re-open on Thursday, 02 January, 2014.

ICICI Securities Extends FlexTrade Deployment - Renews FlexTRADER EMS For Trading Equities, Options & Futures

Date 19/12/2013

FlexTrade Systems, an international leader in multi-asset execution and order management systems, today announced that ICICI Securities, an integrated financial services firm in India, has extended its agreement to use the FlexTRADER EMS for trading equities, options and futures.  

CFTC: Federal Court In New York Orders Defendant David M. Nunn To Pay A $600,000 Civil Monetary Penalty For Engaging In An Illegal Coffee Futures Trading Scheme And Making False Statements To ICE Futures U.S. - Court Permanently Bans Nunn From Trading Or Registration With The CFTC

Date 19/12/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York entered a consent Order against David M. Nunn for entering into fictitious sales, engaging in illegal noncompetitive and fictitious trades in coffee futures contracts over a two-year period, and making false statements to representatives of ICE Futures U.S., Inc. (ICE). Nunn is a Vermont resident and a former ICE floor broker.

BME To Distribute Its Second Interim Dividend Against 2013 Earnings On 27 December - For A Value Of €50 Million - It Represents A Gross €0.6 Per Share

Date 19/12/2013

The Board of Directors of BME today agreed to distribute to its shareholders on December 27th the second interim dividend against 2013 earnings, to the value of €50 million. The figure represents a gross €0.6 per share, the same as that distributed in December 2012.

Quayle Munro Advised AVEDAS AG On Its Sale To Thomson Reuters

Date 19/12/2013

Quayle Munro Limited is pleased to announce that it has advised the shareholders of AVEDAS AG (“AVEDAS”), the developer of leading research management software “CONVERIS”, on its sale to Thomson Reuters, a leading global information business.

Federal Financial Regulators Extend Comment Period For Proposed Policy Statement On Assessing Diversity Policies And Practices Of Regulated Entities

Date 19/12/2013

Six federal financial regulatory agencies announced today that they are extending the comment period for their proposed policy statement for assessing diversity policies and practices of the institutions they regulate to allow the public more time to analyze the issues and prepare their comments.

EBA Launches Discussion On The Methodology For The Assessment Of Liquidity And Funding Risk Under Supervisory Review

Date 19/12/2013

The EBA published today a discussion paper on the methodology for the assessment of liquidity and funding risk under supervisory review. The document, which contains a preliminary version of the common methodology for assessing liquidity and funding risk, aims at helping competent authorities and colleges of supervisors assess liquidity and funding risk and reach joint decisions on liquidity. This methodology will be part of the final SREP guidelines, which will be published for consultation in mid 2014.

FINRA Fines Deutsche Bank Securities, Inc. $6.5 Million For Serious Financial And Operational Deficiencies - Lack Of Required Transparency In Financial Records And Inaccurate Customer Reserve Computations

Date 19/12/2013

The Financial Industry Regulatory Authority (FINRA) today announced that it has fined Deutsche Bank Securities, Inc. (DBSI) $6.5 million and censured the firm for serious financial and operational deficiencies primarily related to its enhanced lending program. The violations, which were originally identified during a 2009 examination, included lack of transparency in the firm's financial records and inaccurate calculations resulting in overstated capitalization and inadequate customer reserves.

Program Trading Averaged 28.1 Percent Of NYSE Volume During Dec. 9-13

Date 19/12/2013

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms' executed volume from NYSE's orders database.  The report includes trading on the NYSE for Dec. 9-13.

NASDAQ OMX Launches Real-Time Quotes In Investor Relations Mobile Application - IR Mobile Brings Together Institutional Caliber Intelligence And Time-Saving Tools In One Mobile Application

Date 19/12/2013

NASDAQ OMX (Nasdaq:NDAQ) recently launched real-time quote functionality to its existing Investor Relations (IR) web application version of Thomson ONE Investor Relations. The mobile version of its industry-leading content and analytics desktop solution, IR Mobile, brings together institutional caliber intelligence and time-saving tools in one application tailor-made for today's IR professional.