News Centre

SEC Charges NYSE, NYSE ARCA, And NYSE MKT For Repeated Failures To Operate In Accordance With Exchange Rules

Date 01/05/2014

The Securities and Exchange Commission today announced an enforcement action against the New York Stock Exchange and two affiliated exchanges for their failure to comply with the responsibilities of self-regulatory organizations (SROs) to conduct their business operations in accordance with Commission-approved exchange rules and the federal securities laws.  Also charged was the NYSE exchanges’ affiliated routing broker Archipelago Securities.

Axxsys Consulting Strengthens Calypso Practice

Date 01/05/2014

Axxsys Consulting, a Global successful and independent growing financial services consultancy firm, are strengthening their sell-side and investing in their dedicated Calypso Practice. They have appointed a new Head of the Calypso Practice to lead the expansion having established themselves as Calypso implementation partners.

DME Welcomes Philip Futures As Clearing Member

Date 01/05/2014

DME, the Middle East’s premier international energy futures and commodities exchange today announced the approval of Phillip Futures as a Clearing Member. Phillip Futures is a Chicago-based clearing futures commission merchant (FCM) and a member of the Singapore-based PhillipCapital Group.

Platts China Steel Sentiment Index Indicates Slowed Demand Growth For May - Monthly Index Totaled 50.34, Down 21.80 Points From April’s Reading Of 72.14 - Survey Suggests Flat Demand For Export Orders

Date 01/05/2014

The health of China’s steel sector appears to be leveling off and likely to see less support from demand growth in May, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 50.34 out of a possible 100. This is down 21.80 points from the April level of 72.14, but is above 50, which is the pivot point for indications of expansion versus contraction. The Platts CSSI reflects the responses of steel makers, traders and exporters at the end of each month to questions about new orders for the month ahead and the proprietary survey contains additional sentiment readings on production, inventories and prices. 

BGC Partners Reports First Quarter 2014 Financial Results - Declares Quarterly Dividend

Date 01/05/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today reported its financial results for the quarter ended March 31, 2014.

UK's Financial Conduct Authority Statement Following Successful Abuse Argument By The Defence In R V Crawley & Others (Southwark CC)

Date 01/05/2014

The Financial Conduct Authority (FCA) are considering HHJ Leonard QC’s ruling today ordering a stay of the criminal proceedings against Scott Crawley, Dale Walker, Daniel Forsyth, Brendan Daley and Aaron Petrou and whether to appeal. In these circumstances we do not intend to comment further at this time.

CME Group Inc. Reports Solid First-Quarter 2014 Financial Results

Date 01/05/2014

CME Group Inc. (NASDAQ: CME) today reported revenues of $777 million and operating income of $454 million for the first quarter of 2014. Net income attributable to CME Group was $267 million and diluted earnings per share were $0.79. Excluding the items noted in the reconciliation, adjusted earnings per share would have been $0.83¹.

LME Welcomes Technology Team In-House

Date 01/05/2014

The London Metal Exchange (LME) today welcomes its previously outsourced technology team in-house. The insourcing of IT is an indication of the function’s increasing importance to the LME and the integral part it will play in the delivery of strategic initiatives, including the launch of LME Clear in September 2014. 

UK's Financial Conduct Authority: Former UBS trader Banned For Failings Related To US$2.3 Billion Unauthorised Trading Losses By Kweku Adoboli

Date 01/05/2014

The Financial Conduct Authority (FCA) has banned John Christopher Hughes from performing any function in relation to any regulated activity in the financial services industry for failings related to US$2.3 billion unauthorised trading losses by another trader Kweku Mawuli Adoboli.  The FCA found that Hughes is not a fit and proper person.

Tokyo Financial Exchange: Trading Volume In March 2014 And From April 2013 Through March 2014

Date 01/05/2014

Trading Volume in March   2014

The trading volume of Three-month Euroyen futures in March was 226,870 ( △ 32.8% MoM / △ 49.3% YoY) and its average daily volume was 11,344 . See the TABLE 1 for the composition of the trading volume.