News Centre

UK's Financial Services Authority Fines BlackRock Investment Management (UK) Limited £9.5m For Client Money Breaches

Date 11/09/2012

The Financial Services Authority (FSA) has fined BlackRock  Investment Management (UK) Limited (BIM) £9,533,100 for failing to protect  client money adequately by not putting trust letters in place for certain money  market deposits, and for failing to take reasonable care to organise and control  its affairs responsibly in relation to the identification and protection of  client money.

Tokyo Stock Exchange: ETF/ETN Monthly Report For Aug 2012 - Trading Value Of Precious Metal ETFs Increased In August

Date 11/09/2012

In August, the ETF/ETN market saw a significant increase in the trading value of precious metal ETFs. In particular, "Japan Physical Gold ETF (1540)", "Japan Physical Platinum ETF (1541)", "Japan Physical Silver ETF (1542)", and "Japan Physical Palladium ETF (1543)" are in the top 20 in terms of the rate of increase in monthly trading value. These four ETFs make up the Fruit of Gold series which are vaulted locally in Japan. "ETFS Physical Silver (1673)" and "ETFS Physical Gold (1672)" also came in first and fourth respectively in the same rankings.

Clearstream Strengthens German Executive Board - Martina Gruber And Berthold Kracke Appointed To The Executive Board Of Clearstream Banking AG - German Central Securities Depository Strengthens Its Client Side And Operating Activities - TARGET2-Securities As Key Challenge

Date 11/09/2012

The Supervisory Board of Clearstream Banking AG appointed Martina Gruber and Berthold Kracke to the Clearstream Banking AG Executive Board in September. Martina Gruber will head the German central securities depository’s Sales and Relationship Management, Customer Service and Marketing areas. Berthold Kracke will be responsible for Risk Management and Compliance, Finance and Controls. Martina Gruber and Berthold Kracke are joining Clearstream Banking AG’s Chief Executive Officer Stefan Lepp and Mathias Papenfuß on the board. The new board members are taking on their new duties in addition to their managerial responsibility at various company locations within the entire Clearstream organisation.

Japan Banking Minister Matsushita Found Dead At Home

Date 11/09/2012

Japan's Banking Minister Tadahiro Matsushita was found hanged at his home on Monday, Kyodo news agency reported.

European Parliament Economic And Monetary Affairs Committee: Still-Winding Road To Banking Union

Date 11/09/2012

The envisaged banking union must be ambitious. The EU member states' current preferences for its establishment risk sending the wrong message, as well as perpetuating inefficiencies, warned the Economic and Monetary Affairs Committee in a resolution voted on Monday.

Crossland Client Using Orc Market Maker For Commodity Options Market Making

Date 11/09/2012

Orc a leading provider of technology and services for the global financial industry, announced today that a trading firm at Crossland LLC, a Chicago-based futures commission merchant (FCM), will use Orc Market Maker for options market making on CME agricultural products.

BOX Options Exchange Connects To TMX Atrium Community - Expanding Equity Options Venues On-Net

Date 11/09/2012

TMX Atrium,  provider of smarter infrastructure solutions for the financial community, today announced that the BOX Options Exchange (BOX), the all-electronic equity options market, has joined the TMX Atrium community.

PM Of Denmark: Recovery In Europe Could Begin Next Year

Date 11/09/2012

• While Europe has already done a great deal to address its debt crisis, much more needs to be done.
• When Europe begins to recover – probably in 2013 – the rest of the world should support the rebound.
• If European countries do not act more swiftly and decisively, the costs of the crisis will be much higher.
• For more information about the Annual Meeting of the New Champions 2012, please visit:http://www.weforum.org/newchampions

SIX Swiss Exchange Welcomes New Exchange Traded Fund Issuer ETF Securities

Date 11/09/2012

SIX Swiss Exchange is delighted to welcome ETF Securities as a new issuer of exchange-traded funds (ETFs). The London-based provider was formed in 2003 and became internationally known that same year after creating the world’s first listed exchange traded product (ETP) on physical gold. ETF Securities launched its first ETFs in 2008 and is among the European leaders in ETPs, which are collateralized bearer debt securities that track an underlying.

ASIC Consults On Amendments To Clearing And Settlement Facilities Guidance

Date 11/09/2012

ASIC today issued a consultation paper proposing amendments to its regulatory guidance for clearing and settlement facilities (CS facilities) to take into account updated international standards and recent Council of Financial Regulators (the Council) policy.