News Centre

SEC Charges Eight Mutual Fund Directors For Failure To Properly Oversee Asset Valuation

Date 10/12/2012

The Securities and Exchange Commission today announced charges against eight former members of the boards of directors overseeing five Memphis, Tenn.-based mutual funds for violating their asset pricing responsibilities under the federal securities laws.

European Energy Exchange: Hungarian Phase 2 Auction Clears At EUR 6.63

Date 10/12/2012

Today, the European Energy Exchange (EEX) held the first of two auctions of Phase 2 EU Allowances scheduled for December on behalf of the Hungarian Ministry of National Development.

Cook Inlet Natural Gas Storage Alaska, LLC Selects SunGard’s Aligne To Help Drive Efficiencies In Pipeline Operations

Date 10/12/2012

Cook Inlet Natural Gas Storage Alaska, LLC (CINGSA), has selected SunGard’s Aligne Pipe Operations to help streamline gas pipeline operations, manage regulatory compliance, and improve customer service in support of its new natural gas storage facility.

Burgundy Monthly Report - November 2012

Date 10/12/2012

Olof Neiglick, CEO of Burgundy, comments about the month:

“For the fourth month in a row Burgundy had the Best Prices in XACT Bear 2 and reached a market share of 36.8 percent in November, according to LiquidMetrix battlemaps."

Gas Exchange On POLPX Due To Start In 10 Days - First Gas Exchange Transactions May Be Concluded On December 20 - The Initiation Of Trading In Blue Fuel Will Be The First Step Towards The Liberalisation Of The Gas Market In Poland. For Many Consumers, This Means A Real Transformation Of Fuel Trading Into Market Economy - Important New Business Line In The WSE Group.

Date 10/12/2012

The creation of the gas exchange market is part of the scope of the implementation activities of the European internal market for electricity and gas and their regional markets, as proposed by the European Commission and the European Council. Accordance with the EU guidance, the Member States must ensure that, in terms of energy and gas, their citizens are provided with, among others: a fully competitive, liquid and transparent market, the possibility of free choice of supplier, fair and optimally set prices and the security and reliability of gas supply.

FTSE Announces Unilever As Winner Of First FTSE4Good Award In Memory Of Sir Mervyn Pedelty

Date 10/12/2012

FTSE Group (“FTSE”), a leading global index provider and pioneer in responsible investment, has launched the Sir Mervyn Pedelty Award to recognise companies which have made the most significant improvements to the sustainability of their businesses  in recent years. The inaugural winner is Unilever, with Go-Ahead, Intel and Diageo highly commended.

UK’s Financial Services Authority Fines Cheshire Mortgage Corporation Limited And Two Directors For Mortgage Sales And Arrears Failings And Requires Over 2,000 Customers To Be Compensated

Date 10/12/2012

The Financial Services Authority (FSA) has fined Cheadle-based mortgage lender, Cheshire Mortgage Corporation Limited (CMCL), £1.225 million for failing to treat customers fairly in the sale of mortgages and arrears handling from October 2004 to the end of 2009.

Fidessa Voted FCMs' ISV Of The Year At FOW Awards - Derivatives Capabilities Recognised For Setting The New Standard

Date 10/12/2012

Fidessa group plc (LSE: FDSA) has announced that it has been named Futures Commission Merchants' (FCMs) Independent Software Vendor of the Year at the Futures and Options World magazine awards. This prestigious award is testament to Fidessa's market-leading capabilities to deliver the best derivatives trading solutions to FCMs operating in today’s challenging and rapidly changing markets.

FOA Appoints New Manager, Regulation

Date 10/12/2012

The Futures and Options Association is pleased to announce the appointment of Natasha Stromberg as Manager, Regulation with effect from 10 December. Natasha joins the FOA from the Financial Services Authority (FSA) where she was most recently a senior associate in the Derivatives Market Infrastructure and Policy unit and, more specifically, acted as lead supervisor of the London Metal Exchange.

Euroclear Bank Welcomes CME Clearing Europe To The Global Collateral Highway

Date 10/12/2012

Euroclear Bank and CME Clearing Europe have today signed an agreement to help mutual clients fulfil their collateral obligations to meet initial margin requirements at CME Clearing Europe. Euroclear Bank will source and manage securities collateral for this purpose on behalf of clients from its global ‘Collateral Highway’.