News Centre

Direct Edge Weather Advisory

Date 26/10/2012

Direct Edge expects to operate as normal next week despite the storm approaching the NY/NJ area.

CFTC Orders Illinois Resident Joshua T.J. Russo To Pay More Than $1.8 Million In Restitution And Penalties For Futures And Options Fraud And Unauthorized Trading

Date 26/10/2012

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Joshua T.J. Russo of Chicago, Ill., for fraudulently soliciting at least one customer to participate in a fictitious commodity futures and options pool, engaging in unauthorized trading, and issuing false account statements.

SEC Charges Silicon Valley Executive For Role In Galleon Insider Trading Scheme

Date 26/10/2012

The Securities and Exchange Commission today charged a former senior executive at a Silicon Valley technology company for illegally tipping convicted hedge fund manager Raj Rajaratnam with nonpublic information that allowed the Galleon hedge funds to make nearly $1 million in illicit profits.

TOM MTF Statistics Week 43 , 2012

Date 26/10/2012

Click here to download the weekly statistics update of TOM MTF for week 43 - 2012. 

This week on the derivatives segment of TOM MTF, again five new option classes were introduced:

• ArcelorMittal
• Aperam
• BAM Groep
• BinckBank
• CSM

IMF: Statement On The First Financial Sector Monitoring Mission To Spain

Date 26/10/2012

A staff team from the International Monetary Fund (IMF) visited Madrid October 15-26 for the first independent monitoring mission of the financial sector in the context of the European financial assistance for bank recapitalization, agreed with the Spanish authorities and the European partners on July 20, 2012 (see Terms of Reference). The team met with official and private sector representatives, and at the end of the visit presented a preliminary report to the Spanish authorities and the European Commission. The final report will be conveyed to the authorities and the Commission in early November.

Leading Foreign Exchange Company, RationalFX, Proud To Be At The 2012 Formula 1TM Airtel Indian Grand Prix

Date 26/10/2012

RationalFX, one of the world’s leading and fastest growing independent foreign exchange companies, is proud to have its brand logo on the Marussia F1™ Team car, as the team compete at the 2012 Formula 1™ Airtel Indian Grand Prix on the 28^th of October in New Delhi.

IMF: Vienna 2 Proposes Enhancements In Cross-Border Supervision To European Authorities

Date 26/10/2012

The Steering Committee of the Vienna Initiative 2 has submitted observations and proposals on cross-border supervisory practices to a number of European authorities. These focus on critical aspects of home-host cooperation, which are of particular importance for host countries in Central, Eastern, and Southeastern Europe where locally systemic affiliates of foreign banks operate.

Remarks At The George Washington University Center For Law, Economics And Finance Fourth Annual Regulatory Reform Symposium By SEC Chairman Mary L. Schapiro

Date 26/10/2012

Thank you for that kind introduction.

And thank you for hosting this Financial Regulatory Reform Symposium. It is always good to be back at my Alma Mater.

Four years ago this month, this nation was suffering from a near-collapse of our financial system.

While there are differences of opinion as to what was the most significant trigger, a bi-partisan Senate Committee report -- known as the Levin-Coburn Report -- asserted that the crisis was the result of "high risk, complex financial products; undisclosed conflicts of interest; and the failure of regulators, the credit rating agencies, and the market itself to rein in the excesses of Wall Street.”

Hong Kong's Securities And Futures Commission: Former CITIC Pacific Senior Executive Convicted Of Insider Dealing

Date 26/10/2012

Mr Simon Chui Wing Nin, a former assistant director of finance at CITIC Pacific Limited (CITIC Pacific), was today found guilty of insider dealing in the company’s shares prior to a profit warning issued in 2008.

HKFE Announces Margin Rates For Adjusted Esprit Holdings Futures Contracts

Date 26/10/2012

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Monday, 29 October 2012, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The margins are based on the clearing company’s normal procedures and standard margining methodology.