News Centre

Advanced Automation Will Bring Greater Efficiency To The Commission-Recapture Process, Says TABB Group

Date 18/10/2012

In new research published today, TABB Group says that recent advancements in automating low-touch trading are helping to ease institutional investors’ traditionally manual, often burdensome commission-recapture process.

Semi-Annual Review Of The Athex Index Series

Date 18/10/2012

The ATHEX Indices Advisory Committee met today and approved the following  changes in the composition of the ATHEX Indices:

SEC: Hong Kong Firm To Pay $14 Million To Settle Insider Trading Charges

Date 18/10/2012

The Securities and Exchange Commission today announced that a Hong Kong-based  firm charged with insider trading in July has agreed to settle the case by  paying more than $14 million, which is double the amount of its alleged illicit  profits. The proposed settlement is subject to the approval of Judge Richard J.  Sullivan of the U.S. District Court for the Southern District of New York.

FTSE/ATHEX Index Series - Semi Annual Review

Date 18/10/2012

The FTSE/ATHEX Index Advisory Committee met today to approve the semi review  - which will be implemented after the close of business on the last Friday of  November 2012 -, in line with the new index structure of the FTSE/ATHEX Index  Series.

FINRA Expels EKN Financial Services For Defying SEC Order And For Numerous Compliance Violations - CEO Barred - Former President Fined And Suspended

Date 18/10/2012

The Financial Industry Regulatory Authority (FINRA) today announced that it has expelled EKN Financial Services, Inc. of Melville, NY, for numerous compliance violations and for allowing its CEO, Anthony Ottimo, to act as a supervisor after being barred from acting in that capacity by the Securities and Exchange Commission (SEC) in June 2008. FINRA barred Ottimo from the securities industry and barred the firm's former President, Thomas Giugliano, from acting in a principal capacity, suspended him from the securities industry for one year and fined him $150,000. EKN, through Ottimo and Giugliano, also violated numerous NASD/FINRA and SEC rules and federal securities laws, including anti-money laundering (AML) violations, net capital deficiencies and widespread reporting failures.

Exercise Of Ibovespa Options Generates BRL 4.04 Billion Financial Volume On BM&FBOVESPA

Date 18/10/2012

The exercise of options on the BOVESPA Index (Ibovespa) generated BRL 4.04 billion yesterday, with 68,380 contracts traded. Of the volume exercised, BRL 1.13 billion was in put options and BRL 2.9 billion in call options.

Xetra/FWB: SAF-HOLLAND S.A. Bond Subscription Ends Early

Date 18/10/2012

The subscription period for the SAF-HOLLAND S.A. bond (ISIN: DE000A1HA979), – which is to be included in the Prime Standard for corporate bonds– was closed successfully on its very first day. The total volume of 75 million € was already able to be placed on the market by late morning on the first day of subscription. Also private investors used the signing functionality via the XETRA-signing tool. The subscription was originally supposed to run until 26 October.

Head Of German Financial Supervisory Authority Visits Israel

Date 18/10/2012

La Française AM And S&P Capital IQ Launch Global Credit Fund

Date 18/10/2012

La Francaise AM, the Paris-based asset manager, and S&P Capital IQ, a leading provider of multi-asset class research, data and analytics, have launched a global credit fund named LFP R2P Global Credit as part of a Luxembourg-domiciled SICAV (LFP S&P Capital IQ Fund), in the first phase of a partnership announced in June.

Moscow Exchange Group Announces Strong Growth Of Revenue And Net Profit In First Six Months Of 2012

Date 18/10/2012

Moscow Exchange Group today reported strong growth in revenue and net profit in the first half of 2012.