News Centre

US Attorney General Eric Holder Announces Guilty Plea In Credit Suisse Offshore Tax Evasion Case

Date 20/05/2014

Good afternoon – and thank you all for being here.   I am joined today by Deputy Attorney General Jim Cole; Assistant Attorney General for the Tax Division Kathryn Keneally; U.S. Attorney Dana Boente, from the Eastern District of Virginia; and Commissioner John Koskinen of the Internal Revenue Service.   We are here to announce a major step forward in our ongoing effort to protect the American people from financial misconduct – and to hold accountable any individual, bank, or other institution that violates our laws and abuses the public trust.

DIFC Partners With Dar Al Sharia To Offer Free Short Course On Islamic Finance - Course Will Help People Working In DIFC Grasp Basics On The Subject

Date 20/05/2014

Dubai International Financial Centre Authority (DIFC Authority) has partnered with Dar Al Sharia Limited-DIFC - Dubai Islamic Bank's (DIB) Sharia advisory arm - to offer free short course on Islamic finance.

Thai Bourse Opens Securities Trading Today, May 20, As Usual

Date 20/05/2014

The Stock Exchange of Thailand (SET), Market for Alternative Investment (mai), Thailand Futures Exchange (TFEX) and Bond Electronic Exchange (BEX) open for securities trading today (May 20, 2014) as usual. However, due to transportation inconvenience that may occur, all the activities previously scheduled to be held at the SET building on Rachadapisek Road will be postponed until further notice. For more information, please contact SET Call Center 0 2229 2222 or www.set.or.th.

Notification On Launch Of Mock Trading Of Shanghai Futures Exchange Non-ferrous Metals Index Futures

Date 20/05/2014

The SHFE will start the mock trading of SHFE No-ferrous metals index futures in an attempt to smoothly push ahead with the Exchange’s jobs to list the non-ferrous metals index futures and reinforce investor education. We’re looking forward to the active participation from our members and clients, and hope that through such mock trading activity, participants may have a correct understanding of the index futures and enhance their risk prevention awareness in index futures investment.

NASDAQ OMX Prices $500 Million Senior Notes Offering

Date 20/05/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that it priced a public offering of $500 million aggregate principal amount of 4.25% senior notes due 2024. The offering is expected to close on May 29, 2014, subject to customary closing conditions.

Financial Stability Oversight Council Hosts Discussion On Asset Management

Date 20/05/2014

On Monday, May 19, the Financial Stability Oversight Council (Council) hosted a conference on the asset management industry and its activities to help inform the Council’s ongoing assessment of potential risks to U.S. financial stability. During the conference, practitioners – including CEOs, treasurers, and risk officers – as well as academics and other stakeholders discussed a variety of specific issues that relate to the industry.

SIFMA Comments On FSOC Asset Management Conference

Date 19/05/2014

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding the Financial Stability Oversight Council (FSOC) conference on the impact of asset managers on financial stability:

“We are encouraged that FSOC has taken a step to engage with the asset management industry at today’s conference. It’s vital that the FSOC engage in meaningful dialogue with industry participants and further study the asset management industry and its unique characteristics before making any decisions regarding the designation of asset managers as SIFIs. Following today’s conference, we hope the FSOC will continue this dialogue with the industry and make any findings transparent to the public before taking any action. SIFMA’s view remains that designating asset management firms or funds as SIFIs is unnecessary and would negatively impact investors. An activities-based approach is the most effective way to regulate the types of behavior that could impact financial stability.  Further, the FSOC should allow asset managers’ primary regulator, the SEC, to complete current reform initiatives and evaluate their cumulative impact before moving forward with any sort of SIFI designation.

MIAX Options Holiday Schedule - Memorial Day

Date 19/05/2014

Please be advised the MIAX Options Exchange will be closed on Monday, May 26, 2014 in observance of Memorial Day.

SEC Announces Charges Against Four Former Officials At Clearing Firm Penson Financial Services For Regulation SHO Violations

Date 19/05/2014

The Securities and Exchange Commission today announced charges against four former officials at clearing firm Penson Financial Services for their roles in Regulation SHO violations.

TABB Examines Alternative Trading System Matching Logic, Sees First Net Decline In 2014 Since SEC’s Reg ATS Approval In 1999 - New Research Advocates For Further ATS Transparency

Date 19/05/2014

In new research examining the rise in active Alternative Trading Systems (ATSs) in NMS securities since 2005, TABB Group says ATS registrations have reached a near-term peak and estimates a net decrease of three ATSs in 2014, the industry’s first net decline since the SEC’s approval of Reg ATS.