News Centre

Ombudsman: European Central Bank Letter Did Not Suggest Changes To Spanish Constitution

Date 31/07/2012

The European Ombudsman, P. Nikiforos Diamandouros, helped the European Central Bank (ECB) to settle a public access case involving a letter the ECB sent to the Spanish government in August 2011. A Spanish lawyer asked for access to the letter because he wanted to know whether the ECB had suggested an amendment of the Spanish Constitution. When the ECB refused, he complained to the Ombudsman. After inspecting the letter, the Ombudsman agreed that the ECB should not have to disclose it to the public. However, with the consent of the ECB, he confirmed to the complainant that the letter did not suggest any amendments to the Spanish Constitution.

SEC Recommends Improvements To Help Investors In Municipal Securities Market

Date 31/07/2012

The Securities and Exchange Commission today issued a comprehensive report with recommendations to help improve the structure of the $3.7 trillion municipal securities market and enhance the disclosures provided to investors.

Direct Edge Trading Notice #12-29: Pricing Changes Effective August 1, 2012 - New Step Up Tier On EDGA

Date 31/07/2012

Effective Wednesday, August, 1, 2012, pending filing with the Securities and Exchange Commission (SEC), EDGA Exchange Inc. (EDGA) will introduce a new Step Up tier that will allow Members to qualify for a rebate of $0.0005 per share for their displayed shares (Flags B, V, Y, 3, and 4) for adding liquidity to EDGA. 

FINRA Expels Biremis, Corp. And Bars President And CEO Peter Beck

Date 31/07/2012

The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Biremis, Corp., formerly known as Swift Trade Securities USA, Inc., and barred its President and Chief Executive Officer, Peter Beck, for supervisory violations related to detecting and preventing manipulative trading activities such as "layering," short sale violations, failure to implement an adequate anti-money laundering program, and financial, operational and numerous other securities law violations.

FXSpotStream Announces The Start Of Bank To Client Production Trading Just Seven Months After Company’s Formation -FXSpotStream’s Multibank Spot FX Price Aggregation Service Is Also Now Live Globally From Its Sites In The U.S., Europe And Asia

Date 31/07/2012

FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that bank to client production trading has commenced via its multibank Spot FX price aggregation service just seven months after the company was formed. In addition, FXSpotStream has completed the build out of its sites ahead of schedule and the service is now available globally from FXSpotStream’s hosted sites in New York, London and Tokyo.

20 Companies In The Warsaw Stock Exchange RESPECT Index

Date 31/07/2012

• A new company has been added to the composition of the RESPECT Index in the fifth edition of the project which builds the WSE responsible companies index portfolio
• The RESPECT Index portfolio covers companies listed on the WSE which follow the highest corporate social responsibility (CSR) standards

Jeff Singer Completes Successful Four Years As CEO Of NASDAQ Dubai To Take Up New Position At DIFC Authority - Hamed Ali Is Appointed Chief Operating Officer

Date 31/07/2012

NASDAQ Dubai today announced that Jeff Singer has stepped down as Chief Executive after four successful years at the region’s international exchange. Mr. Singer takes up the position of Chief Executive of the Dubai International Financial Centre (DIFC) Authority, which operates the onshore financial centre in which NASDAQ Dubai is located, effective August 1, 2012.

HKEx: Report On Initial Public Offering Applications, Delisting And Suspensions - As At 31 July 2012

Date 31/07/2012

Report on Initial Public Offering Applications, Delisting and Suspensions, As at 31 July 2012

Boerse Stuttgart Welcomes Draft Law To Control High-Frequency Trading - Precise Definitions Needed For Different Investor Groups

Date 31/07/2012

Dr Christoph Boschan, Managing Director of the Stuttgart Stock Exchange, described the official draft of Germany’s proposed high-frequency trading law, published today by the Federal Ministry of Finance, as a ‘very useful initiative from the perspective of a stock exchange that focuses on private investors’. Boerse Stuttgart is pleased to note that the supervisory body’s powers are to be extended and the obligations of trading platforms and participants are specified. ‘Overall, we see this as confirmation of our own efforts in the area of self-regulation in favour of private investors. In Stuttgart we have had a restrictive approach to high-frequency trading for some time. Furthermore, it is in the interest of all financial market stakeholders that we create greater legal certainty in terms of the way we deal with high-frequency traders,’ observed Dr Boschan.

London Stock Exchange: Three New Issuers Raise £275m On Retail Bond Market In July

Date 31/07/2012

• July's issues bring total amount raised on ORB to over £2bn since launch
• Severn Trent Plc's RPI-linked bond raises £75m
• Primary Health Properties Plc's 5.375% bond raises £75m
• ICAP's 5.5% bond raises £125m