News Centre

Despite Concerns About High Frequency Trading, European Financial Industry Participants Have Not Changed How They Interact With Markets

Date 16/05/2014

ConvergEx Group, a leading provider of global brokerage and trading-related services, has released the results of its European Equity Market Structure Survey, exploring the concerns and actions of financial industry participants regarding high frequency trading (HFT), regulatory oversight and market stability. The survey found that less than a third (28%) of respondents believe that European equity markets are currently fair for all participants, and almost twice as many believe that HFT is harmful (28%) as believe it is helpful (14%). Despite these concerns, more than two-thirds (67%) report that they have not made any changes to the way they interact with markets.

MNI China Business Indicator Increases To 53.7 In May From 51.1 In April - Confidence At Five Month High Amid Better Credit Conditions

Date 16/05/2014

Business confidence rose to a five month high in May, a possible indication that some of the mini-stimulus measures announced in early April could be feeding through to the economy, amid evidence that our survey panel is finding it easier to obtain credit.

April 2014 FIF Market Share And Market Dynamics Reports – Executive Summary

Date 16/05/2014

U.S. Equities Market Share

• Share volumes traded across Tape A, B, and C totaled 138.8 billion shares, a decrease of 4.1% monthly, and decrease of 0.9% annually.
• In April 2014, off-exchange trading accounted for34.7% of the shares traded in NMS Equity Securities, a decrease of 0.8% compared to last month.
• NYSE-listed securities share volume was 71.8 billion shares, a decrease of 0.5% monthly and decrease of 7.1% annually.
• Share volume in NASDAQ-listed securities was 44.5 billion shares, a 5.1% monthly decrease and 19.8% annual increase.

New Zealand's Financial Markets Authority: Finance Company Legal Adviser Found Guilty Of Fraud

Date 16/05/2014

Hugh Edward Staples Hamilton (62) has been found guilty at the Auckland High Court today of 14 charges arising out of the collapse of Belgrave Finance Limited (Belgrave Finance).  The charges were brought in a joint prosecution by the Serious Fraud Office (SFO) and the Financial Markets Authority (FMA).

NZX Results Of Resolutions At Annual Meeting

Date 16/05/2014

NZX wishes to advise the market of the outcome of the resolutions put to its Annual Meeting today.

NZX Chairman & CEO Addresses To Annual Meeting

Date 16/05/2014

Please see below text of the speeches delivered by NZX Chairman Andrew Harmos and CEO Tim Bennett to NZX's Annual Meeting being held this afternoon in Auckland.

Montréal Exchange - Market Holiday - Victoria Day

Date 16/05/2014

Interest rate derivative trading will cease at 1:30 p.m. today, May 16, 2014. Furthermore, the Exchange's offices and markets will be closed on May 19, 2014 (Victoria Day).

CalPERS Names Matthew G. Jacobs As New General Counsel

Date 16/05/2014

The California Public Employees’ Retirement System (CalPERS) has named Matthew G. Jacobs as the Pension Fund’s General Counsel. 

SIFMA Statement On Senate Banking Committee Passage Of GSE Reform Bill

Date 15/05/2014

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the passage of the Johnson-Crapo GSE Reform Bill (S. 1217) by the Senate Banking, Housing, and Urban Affairs Committee:

"SIFMA welcomes today’s development which brings us one significant step closer to achieving the shared goal of establishing a more sustainable housing finance system.  We appreciate the thoughtful approach to reform established by S. 1217 and improved upon over the past few weeks by various Committee members.  While additional work remains, we are optimistic about the future of the economy if these kinds of reforms occur."

Comment Letter On The OFR Asset Management And Financial Stability Report

Date 15/05/2014

Today, I filed a comment letter in connection with the Office of Financial Research Asset Management and Financial Stability Report.  The comment letter is available at http://www.sec.gov/comments/am-1/am1-52.pdf.  It is my hope that my comments will prove useful to the discussion at the conference on the asset management industry and its activities to be held by the Financial Stability Oversight Council on May 19, 2014.