News Centre

Deutsche Börse Questions Impact Of A Financial Transaction Tax - Striking Discrepancy Between Political Objectives And Impacts/ - Risk Import Through The Back Door

Date 14/02/2013

Deutsche Börse questions the sense of a financial transaction tax draft published today by the European Commission. The impacts of this potential tax show a striking discrepancy between political objectives derived from the financial crisis. On the one hand, the European Union wants to improve transparency and stability and wants the financial sector to make a contribution to the costs of the crisis. On the other hand, such a very tax will lead to a situation in which financial transactions will migrate to less regulated and non-transparent markets. Potential systemic risks will remain unchanged, but they will merely be detracted from the influence and control of the supervision.

Program Trading Averaged 25.7 Percent Of NYSE Volume During Feb. 4-8

Date 14/02/2013

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.

AFME Comment On EU Financial Transaction Tax

Date 14/02/2013

Commenting on the European Commission’s proposal for a financial transaction tax issued today, Simon Lewis, the chief executive at the Association for Financial Markets in Europe (AFME) said:

“The Commission’s proposal for a financial transaction tax in 11 EU member states is regrettable and likely to serve as another brake on economic growth."

ESMA Issues First Risk Report On EU Securities Markets

Date 14/02/2013

The European Securities and Markets Authority (ESMA) has published today its first report on trends, risks and vulnerabilities in European Union (EU) securities markets and a risk dashboard for the 4th Quarter 2012.  The report looks at the performance of securities markets in 2012, assessing both trends and risks in order to develop a comprehensive picture of systemic and macro-prudential risks in the EU that can serve both national and EU bodies in their risk assessments.  By regularly looking into cross-border and cross-sector trends and risks both at the wholesale and retail level, ESMA’s report will contribute to promoting financial stability and enhancing consumer protection.

DEME Launches Successful First Bond Issue On NYSE Alternext

Date 14/02/2013

NYSE Euronext (NYX) today announced a successful €200 million bond issue on  NYSE Alternext by DEME, the Belgian dredging, environmental and marine  engineering group. The company is the first issuer of bonds on NYSE Alternext in  Brussels, a market designed for SMEs with more flexible listing requirements.

UK's Financial Services Authority Fines Nestor Healthcare Group £175,000 For Clearance To Deal Failings

Date 14/02/2013

The Financial Services Authority (FSA) has fined Nestor Healthcare Group Limited (Nestor) £175,000 for failing to take adequate steps to ensure that its board members and senior executives complied with the share dealing provisions of the FSA’s Model Code.

European Commission - Financial Transaction Tax through Enhanced Cooperation: Questions And Answers

Date 14/02/2013

Why has the Commission proposed a Financial Transaction Tax for implementation through enhanced cooperation?

The Commission initially proposed a Financial Transaction Tax to be implemented by all 27 Member States, in September 2011 (IP/11/1085). However, following intense discussions in Council, it was found that unanimity would not be reached on this proposal in the foreseeable future.

Nonetheless, a number of Member States expressed a strong willingness to go ahead with the FTT. Therefore, in autumn 2012, 11 Member States wrote to Commissioner Šemeta, officially requesting enhanced cooperation on the financial transaction tax to be authorised, on the basis of the Commission's 2011 proposal.

European Commission Speech: Financial Transaction Tax through Enhanced Cooperation

Date 14/02/2013

Ladies and Gentlemen,

It is a great pleasure to be able to present today's proposal to you.

It sets out the details of the Financial Transaction Tax to be applied by 11 Member States through enhanced cooperation.

From Brussels With Love: Financial Transaction Tax Under Enhanced Cooperation: European Commission Sets Out The Details

Date 14/02/2013

The details of the Financial Transaction Tax (FTT) to be implemented under enhanced cooperation have been set out in a proposal adopted by the Commission today. As requested by the 11 Member States¹ that will proceed with this tax, the proposed Directive mirrors the scope and objectives of the original FTT proposal put forward by the Commission in September 2011 (IP/11/1085). The approach of taxing all transactions with an established link to the FTT-zone is maintained, as are the rates of 0.1% for shares and bonds and 0.01% for derivatives.

EEX Creates Pan-European OTC Clearing Service Offering- Three Further Products To Be Launched In February

Date 14/02/2013

The European Energy Exchange (EEX) is expanding its range of OTC clearing services step by step, to include additional products not traded on EEX or other European Commodity Clearing (ECC) partner exchanges. Together with the clearing house ECC, EEX will launch three further products for OTC clearing on 25 February 2013.