News Centre

Deutsche Börse: Corporate Governance Makes Future Difference For Private Equity Industry In China Study Says

Date 12/11/2013

A joint study from Deutsche Börse and CMS Hasch Sigle shows that the quality of investments becomes more important. As a result of the slowing Chinese Economy, of closed IPO exit channels and of the increasing competition in many sectors of the economy the level of Corporate Governance of the companies can make the difference between good and mediocre returns.

A New EDHEC Study Shows That LTGA Calibration Continues To Favour Short-Duration Bonds And Could Undermine The Financial Stability And Financing Of Both Sovereigns And Corporates

Date 12/11/2013

Discussions on the Omnibus II Directive have been in deadlock since July 2012. The main points of contention relate to the integration of ALM mechanisms into the standard formula. Their omission from the QIS5 impact study led to increased artificial volatility of prudential balance sheets and consequently to regulatory capital requirements that are sometimes overestimated. The aim of the Long-Term Guarantees Assessment (LTGA), conducted in the first semester of 2013, was to test a variety of measures which aim to integrate ALM mechanisms into long-term insurance activities, (life insurance, pensions, liability insurance, etc.). These measures relate to the valuation of insurance liabilities (extrapolation of long-term rates, implementation of a counter-cyclical premium and a matching adjustment) as well as to new risk calibrations, particularly that of spread risk.

Neonet Securities And LiquidMetrix Announce Partnership To Create Industry Leading Enhanced Algorithmic Trading Suite

Date 12/11/2013

Neonet Securities, the European specialist in execution services and LiquidMetrix, the London based financial research and performance measurement company, today announce that they will collaborate on the creation of a new enhanced suite of trading algorithms. This unique partnership will provide clients with the established expertise in Electronic Trading of Neonet Securities coupled with the market leadership in Quantitative Research and Analysis of LiquidMetrix.

HKFE Announces Revised Margins For Esprit Holdings Futures

Date 12/11/2013

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Thursday, 14 November 2013, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below.  The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

From Our Man In Chicago, FIA Expo 2013, Tom Groenfeldt: Surveillance Panel

Date 12/11/2013

Chair: Matt Simon, Senior Analyst, Tabb Group

Speakers:

Ben Ernest-Jones, Senior Product Manager, Apama Capital Markets, Software AG Apama

Michael Grecoff, Head of Sales, Scila Surveillance, Cinnober Financial Technology

Michael Karbouris, Head of Business Development, Broker Technology, NASDAQ OMX

Jim Moran, Executive Director & Global Head, Strategic & Technology Initiatives, CME Group

Trading across different asset classes presents new challenges for market surveillance, a panel at FIA in Chicago last week concluded. Equities and options are quite simple -- you look to see what is happening in one and if there is manipulation in the other, but in other assets systems are limited and human intelligence is needed. In swaps, for example, a surveillance officer would determine the underlying and bring in data from historical trend patterns or real-time monitoring to look for abnormal activity. The surveillance officer could work for a regulator, an exchange or a participant; indeed, panelists said, many brokers now have their own surveillance departments.

Australian Securitisation 2013 - A Speech By Greg Tanzer, Commissioner, Australian Securities And Investments Commission

Date 12/11/2013

A speech by Greg Tanzer, Commissioner, Australian Securities and Investments Commission to the Australian Securitisation Forum, Sydney, 12 November 2013.

Shenzhen Stock Exchange Market Bulletin 11 November, 2013 Issue 23

Date 12/11/2013

From 4 to 8 November, Shenzhen Component Index closed at 8155.4points after losing 3.5%. SME Index dropped 1.6% to close at 4788.0 points. ChiNext Index ended at 1211.1 points after declining 0.9%. Total turnover for stocks and funds on SZSE stood at US$68.9 billion, or a 15.7% decrease from the week before. 6 out of 16 sector indices were higher than previous week, and 10 out of 16 sector indices werelower than the week before.

Marriott International To Join The NASDAQ-100 Index Beginning November 18, 2013

Date 12/11/2013

Marriott International (Nasdaq:MAR) will become a component of the NASDAQ-100 Index® (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on Monday, November 18, 2013. Marriott International will replace Rangold Resources Limited (Nasdaq:GOLD).

Chi-X Australia Sets Firm Record Market Share On Second Anniversary

Date 11/11/2013

Chi-X® Australia Pty Ltd, a wholly owned subsidiary of alternative trading venue operator Chi-X® Global Holdings LLC, has entered its third year of operation by reaching a firm-record weekly  total  market  share  of  18.39%, which  included  a  one-day  record  of  24.67%  on  4 November.

Tradentrix And IPC Systems Inc. Bring First Hosted Trading Turret Platform To The Market

Date 11/11/2013

Today, Tradentrix, LLC announced an agreement executed with IPC Systems Inc. for hosting IPC’s Unified Trading solution, Unigy®, and IQ/MAX® trading turrets in the Tradentrix cloud infrastructure.  This unprecedented agreement will allow trading and brokerage operations based in the state of Texas  to leverage Tradentrix’s high availability and highly secure infrastructure to host their critical voice trading communications, recording systems, data, applications and desktop workstations.  The Tradentix cloud gives customers, both securities and energy trading firms, the level of security and flexibility needed without the capital expenditure or ongoing maintenance overhead.