News Centre

Bermuda Stock Exchange Will Be Closed For Bermuda Day

Date 22/05/2012

The Bermuda Stock Exchange (BSX) advises that the Exchange will be closed on Thursday, 24 May, 2012, in observance of the Bermuda Day Public Holiday. The BSX will re-open on Friday, 25 May, 2012.

Securities Industry Examines Faster Payment For Stock And Bond Trades - DTCC, With The Guidance Of SIFMA, Oversees Cost-Benefit Analysis For Shortening The Time Period Between Trade Execution And Settlement Date

Date 22/05/2012

The Depository Trust & Clearing Corporation (DTCC), with the guidance of the Securities Industry and Financial Markets Association (SIFMA), has awarded a research contract to The Boston Consulting Group (BCG) to undertake a business case study of the impacts of shortening the trade settlement cycle in the U.S. financial markets for equities, corporate and municipal bonds and unit investment trust (UIT) trades.

KCBT Memorial Day Trading Hours - Schedule For Days Surrounding The Memorial Day Holiday

Date 22/05/2012

In coordination with U.S. stock and commodity exchanges, the Kansas City Board of Trade will observe the following trading hours on the days before and after the upcoming Memorial Day holiday on Monday, May 28, 2012.

FINRA Fines Citigroup Global Markets $3.5 Million For Providing Inaccurate Performance Data Related To Subprime Securitizations

Date 22/05/2012

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Citigroup Global Markets, Inc. $3.5 million for providing inaccurate mortgage performance information, supervisory failures and other violations in connection with subprime residential mortgage-backed securitizations (RMBS).

ISDA Americas Credit Derivatives Determinations Committee: Houghton Mifflin Harcourt Publishing Company Bankruptcy Credit Event

Date 22/05/2012

The International Swaps and Derivatives Association, Inc. (ISDA), today announced that its Americas Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Houghton Mifflin Harcourt Publishing Company.

OneChicago Closed On Monday May 28, 2012 - Memorial Day

Date 22/05/2012

OneChicago (OCX) will be closed on Monday, May 28, 2012 in observance of the upcoming Holiday, Memorial Day, which is consistent with U.S. equity markets.  OneChicago will be open on Tuesday, May 29, 2012.

Statement By Vice-President Of The European Commission Olli Rehn Following The Political Agreement On The EU-EIB Project Bonds Initiative

Date 22/05/2012

I welcome the agreement today in the "trilogue" with the Parliament and Council on our proposal for the pilot phase of Project Bonds, which paves the way for the vote on 31 May. This is an important initiative that can contribute to strengthen our economy. Promoting public and private investment is indeed a cornerstone of our growth initiative.

CME Group Hires Schultz As Executive Director And Counsel To The Executive Chairman And President - And Appoints Rich To Management Team Role

Date 22/05/2012

CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has appointed Susan M. Schultz to the newly created position of Executive Director and counsel to the Executive Chairman and President.

The NYSE Big StartUp Launches Small Business Connections: Marketing Meets Microfinancing - NYSE Euronext, Accion And Yelp Host Workshops That Bring Marketing And Financing Resources To U.S. Small Businesses

Date 22/05/2012

NYSE Euronext (NYSE: NYX) today announced, in partnership with national microlender Accion and online review site Yelp (NYSE: YELP), Small Business Connections: Marketing Meets Microfinancing, a nationwide small business marketing and financing workshop series in conjunction with The NYSE Big StartUp^SM. The tour, which debuts in Tucson, AZ, on June 12, 2012, will provide small business owners across the U.S. with access to local resources to help finance their entrepreneurial dreams and increase their online marketing power by learning best practices for engaging with online review sites.

Olli Rehn Vice-President Of The European Commission And Member Of The Commission Responsible For Economic And Monetary Affairs And The Euro Europe's Action Plan For Growth, Employment And Investment European Parliament Strasbourg, 22 May 2012

Date 22/05/2012

President Schulz,

Honourable Members of the European Parliament,

Ladies and Gentlemen,

We once again find ourselves at a turning point in the debt crisis. At the same time, the European Union is now witnessing a new level of debate about growth and how to achieve it – and that is definitely positive and indeed necessary.