News Centre

NICE Actimize Financial Services Poll Finds That More Than 55 Percent Of Financial Institutions Rate Understanding Of FATCA Legislation ‘Average’ To ‘Poor’ - The Top Three FATCA Obstacles Facing Financial Institutions Are Account Identification, Compliance Timeliness And Multi-Jurisdictional Conflicts

Date 10/10/2013

NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, has identified that financial firms are still struggling with multiple challenges connected to the complex Foreign Account Tax Compliance Act (FATCA) regulation slated for rollout in July 2014. According to a recent poll conducted by the firm, more than 55 percent of  participants rated “average” to “poor” their understanding of FATCA legislation – an indicator that financial institutions will need to push harder to stay on pace with impending FATCA implementation deadlines.

Program Trading Averaged 30.4 Percent Of NYSE Volume During Sept. 30-Oct. 4

Date 10/10/2013

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms' executed volume from NYSE's orders database.  The report includes trading on the NYSE for Sept. 30-Oct. 4.

SEC: Remarks of Stephen L. Cohen, Associate Director of Enforcement, SCCE Annual Conference

Date 10/10/2013

Good morning, and thank you for that kind introduction. 

I appreciate the opportunity to offer you some insights in support of the profoundly important work you all do to strengthen compliance and ethics in companies and firms.

Scila Compliance Is Ready For The Latest ORC Connectivity Interface

Date 10/10/2013

The Scila Compliance software, used by banks and brokers in the UK and Sweden, is now compatible with Orc Trade Access, a stand-alone market access solution which provides high functionality and low-latency connectivity to exchanges, brokers and market data sources, allowing an even smoother implementation of Scila Compliance for Orc users.

ISDA: CDS On US Sovereign Debt - FAQ

Date 10/10/2013

The following are responses to some frequently-asked questions that ISDA has received in connection with a potential CDS Credit Event on US sovereign debt. The following does not constitute legal advice, and is subject in all respects to any determination that the ISDA Americas Credit Derivatives Determinations Committee may make in relation to CDS referencing the United States. ISDA makes no comment on the likelihood of the events described in this FAQ.

SEC: Previously Unknown Insider Traders In Heinz Agree To $5 Million Settlement

Date 10/10/2013

The Securities and Exchange Commission today obtained an emergency court order to freeze assets in a Zurich, Switzerland-based trading account that was used to reap more than $1.7 million from trading in advance of yesterday’s public announcement about the acquisition of H.J. Heinz Company.

September 2013: Trading Activity Remains Stable - The Statistical Monthly Report Contains The Latest Trade And Turnover Figures For SIX Swiss Exchange And Scoach Switzerland Ltd.

Date 10/10/2013

Compared to the previous month, SIX Swiss Exchange and Scoach Switzerland Ltd recorded a minimal increase in the number of trades of 0.5% to 2'732'910 in September 2013. This corresponds to a significant increase of 10.8% over September 2012. After three quarters in 2013, the number of trades reached 26'153'088, growing by 7.1% over the same prior-year period. This growth was driven by the segments Equities (including Sponsored Funds and ETPs) with +7.5% and ETFs with +18.6%.

US Swap Execution Facility Javelin SEF Went For Scila Surveillance

Date 10/10/2013

Scila enters the US market for trade surveillance technology by delivering Scila Surveillance to Javelin SEF LLC. Javelin SEF is one of the Swap Execution Facilities founded under CFTC regulation regarding swap trading, and recently received CFTC approval as a multi asset swap execution facility (SEF).

SIFMA President Kenneth E. Bentsen, Jr. Testifies On Impact Of U.S. Debt Default

Date 10/10/2013

SIFMA President Kenneth E. Bentsen, Jr. today testified before the Senate Banking, Housing & Urban Affairs Committee on the potential impact of a U.S. debt default on financial stability and economic growth.  A link to Bentsen's oral statement is available here. 

Composition Of Tel Aviv Stock Exchange Corporate Bond Indices as of October 15-th, 2013

Date 10/10/2013

As of October 15th,  2013 the composition of the corporate bond indices will be updated.
    
For the Excel file regarding changes in indices constituents, click here.
For the PDF file regarding changes in indices constituents, click here.