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  • TMX Group's Razor Risk 3.0 Launches At ASX - Latest Version Of Razor Risk Brings Significant Improvements

    Date 13/08/2012

    TMX Group Inc.'s (TSX:X) technology business, TMX Technology Solutions, today announced that Razor Risk 3.0 launched at ASX Group (ASX), Australia's multi-asset class, vertically integrated exchange group, and one of the world's top-10 listed exchanges.

  • Press Conference by Tadahiro Matsushita, Japan's Minister For Financial Services - Securities Firms Internal Control Systems And Governance

    Date 13/08/2012

    (Excerpt)

    (Tuesday, August 7, 2012, from 9:27 a.m. to 10:05 a.m.)

    [Questions & Answers]

    Q.

    Regarding insider trading related to public offerings of new shares, a media report has stated that Japan Advisory had business relations with all of the 12 companies ordered to review their information management systems. Is that true? If so, what actions will the Financial Services Agency (FSA) take?

    A.

    In relation to their systems for managing corporate information, on August 3, the 12 companies reported, first, on their internal organization, second, on the management status of corporate information and, third, on their challenges and countermeasures.

    I would like to refrain from commenting on the specifics of their reports.

    However, I understand that even though the companies have developed systems for managing corporate information to a reasonable degree, they have identified new challenges in light of the series of insider trading cases and they will make improvement efforts.

    As to the status of specific transactions, such as transactions with Japan Advisory, I would like to refrain from making comments.

    Generally speaking, if a problem is recognized, the FSA will of course appropriately share information with the Securities and Exchange Surveillance Commission (SESC). The FSA will also take strict actions in accordance with the laws and regulations.

    On June 29, the FSA rescinded Japan Advisory's registration and ordered the company to improve its business operation, as you know.

  • Hedge Fund Association’s China Chapter Launches New, Local Chapter In World’s Largest City - Shanghai Chapter To Give HFA’s China Organization Stronger Regional Presence In Asia’s Biggest Financial Center

    Date 13/08/2012

    The Hedge Fund Association, an international organization that represents hedge funds, service providers and investors, announced today that their recently formed China Chapter is putting down roots in Shanghai, the world’s largest city by population and the most important commercial and financial center in China. Headed by Yiming Di, principal at China-focused consulting firm Schmittzehe and Partners, the goal of the Shanghai Chapter is to work with the city’s alternative investments firms in support of the HFA China Chapter’s goals of advocating for and educating the public about the Chinese hedge fund industry.

  • Abu Dhabi Securities Exchange Appoints Legal Advisor

    Date 13/08/2012

    Abu Dhabi Securities Exchange (ADX) announced today that Mr. Abdul Salaam Al Blooshi has joined ADX as its new legal advisor.

  • Swissrisk Financial Systems Now Dion Global Solutions - European Banking Software Specialist Rebrands After Majority Stake Acquisition

    Date 13/08/2012

    Swissrisk Financial Systems GmbH (Swissrisk) has today announced it has rebranded as Dion Global Solutions GmbH. The move follows a majority stake acquisition by Dion in January 2012. The firms have already seen clear benefits from working together through shared intelligence, product development and working practices, and the rebrand stands to further enhance and streamline this.