SIFMA Statement On Confirmation Of Mary Jo White As New SEC Chair

Date 08/04/2013

SIFMA today released the following statement from Acting President and CEO Kenneth E. Bentsen, Jr. after the United States Senate unanimously confirmed Mary Jo White to be the next Chair of the Securities and Exchange Commission.

Additional Funding To Boost Capacity Development In Southern Africa By IMF Regional Technical Assistance Center

Date 08/04/2013

The Steering Committee of the International Monetary Fund’s Regional Technical Assistance Center for Southern Africa (AFRITAC South) met during April 5–6, 2013 in Windhoek, Namibia and agreed that the center, which was established in June 2011, has achieved good progress toward its result-oriented medium-term objectives for the financial year to April 30, 2013 (FY2013). The center is on course to broadly double its capacity development activities during the course of the year. The Steering Committee endorsed the center’s work program for the coming financial year starting May 2013 (FY2014) and welcomed additional financing recently secured from European Union regional funds for the Southern African Development Community (SADC), from Germany, and from European Union funds for Africa, Caribbean and Pacific countries. The center is set to further increase its capacity development activities in FY2014 thanks to the additional funding.

SEC Charges Former Medical Device Company Employee For Illegally Tipping Brother With Quarterly Earnings Data

Date 08/04/2013

The Securities and Exchange Commission today charged a former employee at a California-based medical device manufacturer with illegally tipping confidential financial data to her brother, who illegally traded in the company's stock and enabled his hedge fund clients to do the same.

TSX Trading List Leaders By Volume And By Values - March 2013

Date 08/04/2013

The TSX Trading List Leaders list shows the top ten brokers chosen by their customers to execute their trades on Toronto Stock Exchange. The leaders are measured by volume and value of securities traded.

CFTC Charges New York Firm 4X Solutions, Inc. And Its Principal, Whileon Chay, With Forex Fraud Ponzi Scheme

Date 08/04/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action in the U.S. District Court for the Southern District of New York, charging Defendants 4X Solutions, Inc. (4X) and its principal, Whileon Chay, both of New York City, with fraud and misappropriation in a $4.8 million foreign currency (forex) trading Ponzi scheme.

According To ETFGI Net Inflows Of $55 Billion In Q1 2013 Helped To Push Assets Invested In ETFs And ETPs Listed In The United States To A New All-Time High Of $1.47 Trillion At The End Of Q1 2013

Date 08/04/2013

Net inflows of $55 billion in Q1 helped to push assets invested in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) listed in the United States to a new all-time high of $1.47 trillion US dollars at the end of Q1 2013, according to figures from ETFGI’s US ETF and ETP industry insights report for Q1. 

FSB Launches Peer Review On The FSB Principles For Reducing Reliance On CRA Ratings

Date 08/04/2013

In October 2010, the FSB issued  Principles for Reducing Reliance on CRA Ratings. The goal of  the  Principles  is  to  end  mechanistic reliance  on  CRA  ratings  by  banks,  institutional investors and other market participants. The “hard wiring” of CRA ratings in regulation has been wrongly interpreted as providing those ratings with an official “seal of approval” and has reduced incentives for firms to develop their own capacity for credit risk assessment and due diligence. As demonstrated during the financial crisis, reliance on external ratings to the exclusion of internal credit assessments can be a cause of herding behaviour and of abrupt sell-offs of securities when they are downgraded (“cliff effects”). These effects can amplify procyclicality and cause systemic disruption.

TOM Insight March 2013

Date 08/04/2013

Please find below the link to TOM’s March ‘13 Insight, a document describing matching statistics on TOM MTF and savings made for the retail client by TOM Smart Execution.

Thomson Reuters Global Equities Monthly Market Share Data Updated To Reflect March 2013 Activity

Date 08/04/2013

Monthly Market Share Reports

According To ETFGI Record Net Inflows Of $73.4 Billion In Q1 2013 Helped To Push Assets Invested Globally In ETFs And ETPs To A New All-Time High Of $2.09 Trillion At The End Of Q1 2013

Date 08/04/2013

Record net inflows of $73.4 billion in Q1 helped to push assets invested globally in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) to a new all-time high of $2.09 trillion at the end of Q1 2013, according to figures from ETFGI’s Global ETF and ETP industry insights report for Q1. At the end of Q1 there were 4,778 ETFs and ETPs, with 9,847 listings, assets of $2.09 billion, from 209 providers listed on 56 exchanges. ETF and ETP assets have increased by 7.3% from $1.95 trillion to $2.09 trillion during Q1.