News Centre

Direct Edge Trading Notice #12-24: Market Holiday Reminder – Independence Day

Date 26/06/2012

EDGA Exchange, Inc. and EDGX Exchange, Inc. will close at 1:00 p.m. on Tuesday, July 3, 2012 and will be closed for the full trading day onWednesday, July 4, 2012, in observance of Independence Day. Both exchanges will resume normal trading hours on Thursday, July 5^th. Please note that on July 3^rd the pre-market session will not be affected and the post-market session will end at 5:00 p.m. 

SEC Sues Fund Adviser For Fees Charged In Breach Of Duty Under The Investment Company Act

Date 26/06/2012

The Securities and Exchange Commission today sued AMMB Consultant Sendirian Berhad (AMC), a Malaysian investment adviser, alleging that for more than a decade, AMC charged a U.S. registered fund for advisory services that AMC did not provide. The SEC alleges that by doing so, AMC breached its fiduciary duty with respect to compensation under the Investment Company Act of 1940.

Bloomberg Launches Real-Time Industry Research Platform Globally

Date 26/06/2012

Bloomberg LP today announced the global roll-out of Bloomberg Industries(BI), the first and only portal to offer interactive, continuously updated industry research and data for business and financial professionals.

OCC Board Of Directors Expands And Welcomes New Members

Date 26/06/2012

OCC announced today the election of six new members to its Board of Directors including two in newly created Public Director roles.

Thomson Reuters Acquires Business Intelligence Provider Zawya Limited - Combination Solidifies Thomson Reuters Comprehensive Coverage Of The Middle East And North Africa Financial Markets And Increases Its Presence Among A Broader Set Of Users

Date 26/06/2012

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that it has acquired Zawya Limited, a regional provider of business intelligence and unique tools for financial professionals in the Middle East and North Africa (MENA). This investment marks Thomson Reuters second acquisition in 2012 across the MENA region and further underscores the organization’s commitment to connecting and enabling the local financial community with leading edge information and tools.

CQG Premieres Spreadsheet Trader For Multimarket Monitoring And Trade Execution

Date 26/06/2012

CQG has launched Spreadsheet Trader in response to trader and broker demand for tools to better navigate and perform in increasingly fragmented markets, the company announced today at the International Derivatives Expo (IDX) 2012.

ITG Launches New Smart Retail Router - Intelligent Router Maximizes Available Liquidity For Retail Broker-Dealers

Date 26/06/2012

ITG (NYSE: ITG), a leading independent execution and research broker, today announced the launch of the new ITG Smart Retail Router, a powerful tool to capture liquidity designed specifically for retail broker-dealers. 

S&P Capital IQ Increases Coverage And Timeliness Of Relative Credit Health Assessment Solution - Enhanced Model For Credit Health Panel Ensures Greater Peer Group Consistency And More Timely Credit Health Panel Coverage

Date 26/06/2012

S&P Capital IQ today announced the availability of an improved credit risk model for providing relative credit assessments for rated and unrated public companies. The model now takes into consideration the timeliest available fundamental information such as press release financials and incorporates enhanced rollback methodology. This enhancement achieves improved real time ranking accuracy and greatly improved performance even when fundamental data variables are unavailable. The enhanced model is available for use within S&P Capital IQ Credit Health Panel.

European Parliament - Bankers' Bonuses: Chat With Vice-President Karas On Facebook

Date 26/06/2012

Debate bankers' bonuses and other economic issues with Othmar Karas

Banks are accused of causing the crisis, but this hasn't prevented some bankers from taking home ten times their base salary in bonuses. Parliament now wants to put a limit on these bonuses and in the coming months will be voting on a proposal on this. Ahead of this important vote vice-president Othmar Karas, an Austrian Christian-Democrat who is guiding the proposal through Parliament, agreed to discuss the plans with our fans on Facebook.

Hong Kong Exchange Renews Contract With NASDAQ OMX And Upgrades To INET-Based Trading Platform - HKEx Migrates To Genium INET Powered Platform For Derivatives Trading And Clearing

Date 26/06/2012

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that the Hong Kong Exchanges & Clearing Ltd (HKEx) will upgrade its derivatives trading system (HKATS) and clearing system (DCASS) to NASDAQ OMX's Genium INET technology. In addition HKEx has extended its support contract with NASDAQ OMX for a further five years. The platform upgrade is scheduled to be in effect by fourth quarter of 2013.