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Wells Fargo Joins Eris Exchange As Bank Liquidity Provider And FCM - Launches Trading, Execution Support And Client Clearing Services For Eris Swap Futures

Date 15/10/2013

Eris Exchange, a US-based futures exchange offering capital-efficient interest rate swap futures, today announced that Wells Fargo has joined Eris Exchange to provide liquidity and clearing services to Wells Fargo's global client base. Wells Fargo's swap desk recently executed its first Eris Swap Futures trade. Additionally, Wells Fargo launched support for customer clearing of Eris Swap Futures and client access to Eris SwapBookTM, Eris Exchange's electronic central limit order book.

CME Group Awards Bengt Holmstrom CME Group-MSRI Prize In Innovative Quantitative Applications

Date 15/10/2013

CME Group and the Mathematical Sciences Research Institute (MSRI) announced Dr. Bengt Holmstrom, economics professor at Massachusetts Institute of Technology (MIT), as the 2013 recipient of the CME Group-MSRI Prize in Innovative Quantitative Applications. He will be honored at an award ceremony at W Chicago-City Center on Monday, October 21, at 10:30 a.m.

CPSS And IOSCO Issue A Consultative Document On Quantitative Disclosure By Central Counterparties

Date 15/10/2013

The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative document on the Public quantitative disclosure standards for central counterparties.

NICE Actimize Selects Ullink To Provide Transparent Data Delivery For Its Cloud Trade Surveillance Customers - The Partnership Minimizes Deployment Time And Reduces Total Cost Of Ownership For Both Ullink And NICE Actimize Customers

Date 15/10/2013

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, today announced a partnership with Ullink, a leading global provider of connectivity and trading solutions for the financial community, to provide NICE Actimize’s regulated capital market customers transparent data acquisition capabilities that further enrich its cloud-based regulatory and business surveillance platforms.

UK’s Financial Conduct Authority Confirms How It Will Use New Power To Publicise Warning Notices

Date 15/10/2013

The Financial Conduct Authority (FCA) today confirmed how it will use its new power to publicise warning notices by publishing information about proposed enforcement action. Previously, the regulator could only publish information about enforcement proceedings at a later stage in the enforcement process, once it had decided to take action.

TheCityUK Responds To Announcement On Allowing Chinese Banks To Set Up In UK

Date 15/10/2013

Chris Cummings, Chief Executive of TheCityUK, commented:

“TheCityUK strongly welcomes the Chancellor’s announcement that the PRA is to offer talks with leading Chinese banks to discuss the establishment of branches in London for their wholesale banking operations. "

TriOptima’s Largest European Energy Compression Cycle Eliminates More Than 4300 European Energy Forwards and Swaps With A Notional Principal Value Of €8.4 Billion

Date 15/10/2013

TriOptima announces that 13 banks and energy houses have eliminated more than 4300 power and gas swaps and forwards with a combined notional principal value of €8.4 billion. Participants included: Alpiq, Bank of America Merrill Lynch, BKW Energie, Citigroup Global Markets Ltd, EnBW Trading, Iberdrola, JP Morgan, ScottishPower, and Société Générale.

Tokyo Commodity Exchange September 2013 Volume Averaged 94,011 Contracts Per Day, Down 1.9%

Date 15/10/2013

The Tokyo Commodity Exchange announced today that September 2013 trading volume averaged 94,011 contracts per day, down 1.9% from August 2013. Average daily volume was higher for some key commodities such as Gold, which was up 0.9% to 43,714 contracts, and Crude Oil, which was up 7.3% to 4,259 contracts. Other commodities, such as Gasoline saw volume decrease by 10.6% to 7,409 contracts and Rubber was down 7.5% to 8,316 contracts.

Xetra/FWB: Subscription Launch Of Alfmeier Präzision AG Bond

Date 15/10/2013

Subscription begins today for a corporate bond from Alfmeier Präzision AG. The bond with the ISIN DE000A1X3MA5 can be subscribed until 25 October, subject to early termination of subscription. It is subsequently to be listed in the Entry Standard of the Frankfurt Stock Exchange. It has a volume of up to €30 million, runs until October 2018 and has an interest rate of 7.5 percent. Its nominal denomination is €1,000. 

Swedish Financial Supervisory Authority - Finansinspektionen - Wants To Strengthen The Culture Of Amortisation

Date 15/10/2013

FI wants banks to offer households individual amortisation plans. The aim is to have households make a decision about amortisation by having the banks clearly show how amortisation affects a household’s finances in the long run. FI is submitting its proposal to the Government today.