News Centre

UK's Financial Services Authority Fines And Bans Scottish Broker £335,204 For Insurance Fraud And Bans And Censures His Wife

Date 11/05/2012

The Financial Services Authority (FSA) has fined Donald McKee Morgan, a partner in the firm of Donald Morgan Insurance Services (DMIS), £335,204 for committing insurance fraud. Morgan, who was based in Ayrshire, Scotland, has also been banned from carrying out any regulated financial services activity in the future.

Montréal Exchange: New Functionalities For The Futures Market: Implementation Of User-Defined Strategies And Inter-Group Strategies On SOLA®

Date 11/05/2012

The Montréal Exchange (MX) announces new user-defined strategy and inter-group strategy functionalities for its futures market on SOLA. These functionalities will be implemented in the production environment on May 14, 2012.

Research Reveals That €1.4bn Flowed Into European Listed Commodity Exchange Traded Products In Q1 2012

Date 11/05/2012

Commodities remain an important area in terms of asset gathering for European ETPs and new analysis by Lyxor reveals that in the first quarter of 2012 over €1.4bn has flowed into these exposures, which represents over 26% of all ETP net asset inflows. In terms of total assets under management commodities, at close to €46bn, represent over 18.5% of the total ETP market.

MCX Weekly Market Report May 04, 2012 - May 10, 2012

Date 11/05/2012

Click here to download MCX's weekly market report for the week May 4, 2012 to May 10, 2012.

NYSE Liffe Announces First Colocation Customer From Asia

Date 11/05/2012

NYSE Liffe, the European based derivatives business of NYSE Euronext, is pleased to announce GF Futures (Hong Kong) Co. Ltd (“GF Futures”), a Hong Kong based subsidiary of GF Group, as its first colocation customer from Asia. 

LCH.Clearnet To appoint Magnus Spencer As Group General Counsel

Date 11/05/2012

LCH.Clearnet Group Limited (“LCH.Clearnet Group”) is to appoint Magnus Spencer as Group General Counsel, reporting to Ian Axe, Group CEO.

LCH.Clearnet Appoints Dennis McLaughlin As Group Chief Risk Officer

Date 11/05/2012

LCH.Clearnet Group Limited (“LCH Clearnet”)has appointed Dennis McLaughlin Group Chief Risk Officer, reporting to Ian Axe, Group CEO. The appointment is a further investment by LCH.Clearnet in enhancing its world-class risk management offering.

Burgundy Launches Competitive Clearing

Date 11/05/2012

Burgundy is pleased to announce today’s launch of a competitive clearing service which enables our customers to choose between EMCF and SIX x-clear, both leading European clearinghouses. As from today, customers trading on Burgundy and other European platforms offering interoperable CCP clearing can now save capital and optimize clearing costs by consolidating their flow to their preferred clearinghouse. This follows the trend in Europe to introduce competition at all layers of a transaction while at the same time reducing risk.

E.MEFF 26 - Trading Hours Extension For IBEX 35 Futures

Date 11/05/2012

MEFF is extending the trading hours for IBEX 35 futures contracts:

• IBEX 35 Futures and
• IBEX 35 Mini Futures

NZX Limited (“NZX”) Buyback/Cancellation And Share Split

Date 11/05/2012

Further to the announcements released by NZX on 20 February 2012 and 10 May 2012, regarding the compulsory buyback/cancellation and share split, NZX Market Supervision (“NZXMS”) confirms the following :

On 1 June 2012, one share in every ten NZX shares registered in the name of each shareholder at the Record Date (5pm, 25 May 2012) will be cancelled. Fractions of a share will be rounded up or down to the nearest whole number (with half a share being rounded up) For each share cancelled, the shareholder will receive a cash payment of $2.85, or approximately $0.285 per share held.