News Centre

New Index Fixes The ‘Broken Link’ Between FTSE 100 Director Performance Pay And Company Performance

Date 05/02/2014

• Growth in exec director bonuses exceeded company performance at 46% of FTSE 100
• The fall in bonus pay since 2010/11 has been offset by increases in other benefits
• The Verum Index: a new and better way to evaluate director remuneration
• For more info, a whitepaper is available FREE at www.verum-research.com

MNI India Consumer Indicator Falls To 121.2 In January, The Lowest Level In Three Months - Durable Buying Conditions Pulls Down Sentiment

Date 05/02/2014

The MNI India Consumer Indicator declined in January to the lowest level since October, driven by a fall in consumers’ intentions to purchase a large household item.

Tokyo Financial Exchange: Further Strengthening Of Revitalization Of Back-Month Delivery Contracts n Three-month Euroyen Futures

Date 05/02/2014

(1)  Appointment of a new Market Maker in back-month contracts.

• TFX has newly appointed Mizuho Bank, Ltd. as the market maker as of Monday 3 February 2014. In addition to Morgan Stanley MUFG Securities Co., Ltd, an incumbent market maker since 30 September 2013, the bank will jointly support the back-month delivery contracts between Quarters 7 and Quarters 12 by continuously quoting prices.

(2)  Renewal of Three-month Euroyen Futures Discount Program .

ASX Group Monthly Activity Report – January 2014

Date 05/02/2014

The value of ASX-listed stocks, as measured by the All Ordinaries Index, fell 2.8% in January 2014. Declines were also observed in other major markets, including Japan down 8.5%, Hong Kong down 5.5%, Singapore down 4.4%, the US down 3.6%, the UK down 3.5%, and Germany down 2.6%. 

SGX AsiaClear Volumes Grow In January

Date 05/02/2014

Singapore Exchange (SGX) today said securities and derivatives trading volumes declined while its clearing activities grew in January. 

ASIC Statement On Senate Inquiry

Date 05/02/2014

ASIC Chairman Greg Medcraft will testify in person at the Senate Inquiry into ASIC. Contrary to inferences in the media today, this has always been the case.

ASX Compliance Monthly Activity Report – January 2014

Date 05/02/2014

New listings for the month were Anglo American Capital PLC (AQM), Crusade ABS Series 2013-1 Trust (CUF) and Valence Industries Limited (VXL).  

Federal Reserve Governor Daniel K. Tarullo: Volcker Rule - Before The Committee On Financial Services, U.S. House Of Representatives, Washington, D.C.

Date 04/02/2014

Chairman Hensarling, Ranking Member Waters, and other members of the committee, thank you for the opportunity to testify on the interagency final rule implementing the requirements of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), commonly known as the Volcker Rule. Section 619 of the Dodd-Frank Act generally prohibits any banking entity from engaging in proprietary trading. It also generally prohibits a banking entity from investing in, or having certain relationships with, a hedge fund or private equity fund (a covered fund). My remarks today will focus on the recent actions taken by the Federal Reserve Board and other agencies responsible for issuing implementing rules under section 619. As I have previously noted in congressional testimony, the goal of the Federal Reserve with respect to this and all other provisions of the Dodd-Frank Act is to implement the statute in a manner that is faithful to the language of the statute and that maximizes financial stability and other social benefits at the least cost to credit availability and economic growth.

Federal Reserve Banks Laud Industry Response To Consultation Paper And Highlight Next Steps

Date 04/02/2014

Federal Reserve Bank leadership lauded the feedback received from payment system participants to the "Payment System Improvement--Public Consultation Paper," noting that more than half the nearly 200 responses came from non-banks.

BOX Options Exchange Price Improvement Activity For January

Date 04/02/2014

In the month of January, price improved contracts on BOX Options Exchange (“BOX”) averaged 97,050 per day. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $267,560 per day, while total savings to investors this month was $5.6 MM. With this, BOX has saved investors over $472 MM since its inception in 2004. Overall average daily trading volume on BOX in the month of January was 311,750 contracts, an 11% increase compared to the previous month.