News Centre

FTSE Launches New Shariah Developed Minimum Variance Index

Date 29/10/2013

UK’s Financial Conduct Authority Fines Rabobank £105 Million For Serious LIBOR-Related Misconduct

Date 29/10/2013

The Financial Conduct Authority (FCA) has fined Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) for serious, prolonged and widespread misconduct relating to the London Interbank Offered Rate (LIBOR). The £105 million fine is the third highest ever imposed by the FCA or its predecessor, the Financial Services Authority, and the fifth penalty for LIBOR-related failures.

China Financial Futures Exchange And NASDAQ OMX Sign MOU

Date 29/10/2013

China Financial Futures Exchange (CFFEX) and the NASDAQ OMX Group, Inc (Nasdaq:NDAQ), signed a memorandum of understanding (MOU) at the World Federation of Exchanges' annual meeting to strengthen cooperation and promote mutual development. CFFEX Chairman Zhang Shenfeng and NASDAQ OMX Vice Chairman Sandy Frucher signed the MOU.

Deutsche Börse - Xetra Release 14.0 Launched - Trading System Lays Foundations For Implementation Of German HFT Act / System-Based Risk Management Introduced

Date 29/10/2013

Deutsche Börse has introduced a further-developed version of its electronic trading system with Xetra Release 14.0. Functionalities, interfaces and order types have been improved in line with the demands of the market.

Statement Of CFTC Chairman Gary Gensler On Settlement Order Against Rabobank

Date 29/10/2013

Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler today made the following statement on the CFTC’s enforcement action that requires Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) pay a $475 million penalty for manipulation and false reporting charges related to LIBOR and Euribor:

“With today’s settlement, the CFTC has shown – now for the fifth time – how banks have pervasively rigged key interest rate benchmarks, such as LIBOR and Euribor."

Rabobank To Pay $475 Million Penalty To Settle Manipulation And False Reporting Charges Related To LIBOR And Euribor - CFTC Order Finds That For Nearly Six Years, Rabobank Engaged In Acts Of Manipulation, Attempted Manipulation And False Reporting Of U.S. Dollar, Yen And Sterling LIBOR And Euribor

Date 29/10/2013

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order againstCoöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank or the Bank), bringing and settling charges of false reporting and attempted manipulation of the London Interbank Offered Rate (LIBOR) for U.S. Dollar, Yen and Sterling, and of the Euro Interbank Offered Rate (Euribor) and charges of successful manipulation of Yen LIBOR. The CFTC also settled charges that Rabobank, at times, aided and abetted the attempts of derivatives traders at other banks to manipulate Yen LIBOR and Euribor. These violations, which spanned nearly six years, involved more than two dozen employees working out of six offices on three continents. Rabobank is obligated to pay a penalty of $475 million, and the company is ordered to take further steps to ensure the integrity of its LIBOR and other benchmark interest rate submissions in the future.

CEO Of Qatar Exchange Attends The 53rd General Assembly And Annual Meeting Of The World Federation Of Exchanges In Mexico - QE Expects To Obtain Full Membership In The Federation

Date 29/10/2013

Mr. Rashid Bin Ali Al Mansouri, CEO of Qatar Exchange arrived today in Mexico City to participate in the 53rd General Assembly & Annual Meeting of the World Federation of Exchanges (WFE), due to be held there from 29-30 October 2013.  

Thomson Reuters Reports Third-Quarter 2013 Results

Date 29/10/2013

• Revenues grew 2% before currency
• Adjusted EBITDA grew 4% to $845 million with a margin of 27.5%, up 100 basis points
• Underlying operating profit grew 3% to $548 million with a margin of 17.8%, up 30 basis points
• Adjusted earnings per share were $0.48, unchanged from prior-year period
• Financial & Risk Q3 net sales positive; Surpassed 100,000 installed Eikon desktops in October
• Positioned to accelerate transformation
  • Up to $1 billion of share repurchases planned
  • Planned charge of approximately $350 million to be incurred primarily in Q4
  • Increasing focus on organic growth and scale initiatives
• 2013 Outlook affirmed (excluding planned charge and pension contribution)

Azul Systems Launches New Release Of Open Source jHiccup - System Diagnostic And Monitoring Tool Provides Quick Picture Of Java Applications As They Run In Production And Test Environments

Date 29/10/2013

Azul Systems, Inc. (Azul), the award-winning leader in Java runtime scalability, today announced that a new version of its free and open source jHiccup tool has been released, with sources available on GitHub. Developed by Azul CTO Gil Tene, jHiccup provides insight into an application's platform-level latency and operating characteristics, including the ability in the new release to monitor such behavior of an existing live application without restarting the application.

TriOptima Collaborates With Industry To Reduce 25% Of iTraxx And 56% Of CDX Index Tranche Legacy Notionals

Date 29/10/2013

TriOptima announces that it has worked with industry participants to implement an advanced triReduce compression methodology for Index Tranche trades with non-standard coupons, known as “legacy” trades as well as the more recent Index Tranche trades with standard coupons.