News Centre

Standard & Poor's Ratings Services: Long-Term Ratings On Italy Lowered To 'BBB' - Outlook Negative

Date 09/07/2013

OVERVIEW

• We have lowered our unsolicited long-term sovereign credit rating on Italy to 'BBB' from 'BBB+'.
• The rating action reflects our view of the effects of further weakening growth on Italy's economic structure and resilience, and its impaired monetary transmission mechanism.
• The outlook on the long-term rating is negative.

Financial Conduct Authority Confirms Market Study Into General Insurance "Add-Ons"

Date 09/07/2013

The Financial Conduct Authority (FCA) has confirmed that it is undertaking its first market study into the practice of selling insurance "add-ons" with purchases like cars or mobile phones.

Thomson Reuters Second-Quarter 2013 Earnings Announcement And Webcast Scheduled for Tuesday, July 30, 2013 - Conference Call And Webcast Scheduled For 8:30 A.M. EDT

Date 09/07/2013

Thomson Reuters (NYSE, TSX: TRI), the world’s leading source of intelligent information for businesses and professionals, announced today that its second-quarter 2013 earnings will be issued via news release on Tuesday, July 30, 2013.

Speech By Martin Wheatley, Chief Executive, The Financial Conduct Authority, At The ABI Biennial Conference, London

Date 09/07/2013

Consumer focus

Thank you for that introduction. It’s a pleasure and privilege to help close the conference with Otto this afternoon.

As we all know, the UK insurance industry remains a pillar of the world economy.

SIX Swiss Exchange: Index Adjustments On The Occasion Of The Ordinary Index Review

Date 09/07/2013

The Management Committee of SIX Swiss Exchange has decided to make changes to SIX Swiss Exchange index baskets on the basis of a recommendation from the Index Commission and in compliance with the SMI®, SLI®, SPI® and SXI® index rules. The indices will be adjusted on 20. September 2013 after closing. The adjustment takes effect on 23. September 2013.

Lithuanian Presidency Of The Council Of The European Union Will Seek Agreement On Key Elements Of The Banking Union Framework

Date 09/07/2013

The Lithuanian Presidency has presented the development of the Banking Union framework as one of the main priorities at the ECOFIN Council in Brussels on July 9.

Thomson Reuters/National Venture Capital Association: Venture Capital Funds Raised $2.9 Billion During Second Quarter 2013 - Lower Levels Reflect Consolidating Industry And Contracting Fund Sizes

Date 09/07/2013

U.S. venture capital firms raised $2.9 billion from 44 funds during the second quarter of 2013, a decrease of 33 percent compared to the level of dollar commitments raised during the first quarter of 2013, but equal to the number of funds, according to Thomson Reuters and the National Venture Capital Association (NVCA). The dollar commitments raised during the second quarter of 2013 is a 54 percent decline from the levels raised during the comparable period in 2012 and marks the lowest quarter for venture capital fundraising, by dollars, since the third quarter of 2011. The top five venture capital funds accounted for 55 percent of total fundraising during the second quarter of 2013.

SunGard’s Fox River Execution Solutions Algorithms Now Available On Silexx’s Obsidian Platform To Help Traders Increase Growth

Date 09/07/2013

SunGard’s Fox River Execution Solutions (“Fox River”) is helping traders achieve more rapid growth by making its award-winning algorithms available to users of Silexx’s Obsidian execution management system (EMS). By providing Silexx customers access to Fox River’s entire algorithm suite, professional traders and risk managers using Silexx will now have the tools to help improve execution quality, as well as provide Fox River customers with the ability to access the Silexx EMS.

NASDAQ OMX And NGX Announce US Physical Energy Alliance

Date 09/07/2013

NASDAQ OMX Commodities and Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that they have entered into a strategic alliance (the Alliance). The Alliance involves the NASDAQ OMX US physical energy entity, NASDAQ OMX Commodities Clearing Company (NOCC), a wholly-owned subsidiary of The NASDAQ OMX Group, Inc., and the physical energy exchange and clearinghouse of NGX, which serves more than 250 contracting parties in the US and Canada.

NYSE Euronext Subsidiary To Become New Administrator Of Libor

Date 09/07/2013

NYSE Euronext Rate Administration Limited, a subsidiary of NYSE Euronext (NYX), today announced that following a rigorous selection process conducted by the independent Hogg Tendering Advisory Committee, NYSE Euronext Rate Administration Limited has been appointed as the new administrator for LIBOR. The transfer of the administration from BBA LIBOR Ltd, the subsidiary of the British Bankers’ Association (BBA) is expected to be completed in early 2014, once the Financial Conduct Authority’s (FCA) authorisation of  NYSE Euronext Rate Administration Limited is complete.