News Centre

Press Conference by Tadahiro Matsushita, Japan's Minister For Financial Services - Securities Firms Internal Control Systems And Governance

Date 13/08/2012

(Excerpt)

(Tuesday, August 7, 2012, from 9:27 a.m. to 10:05 a.m.)

[Questions & Answers]

Q.

Regarding insider trading related to public offerings of new shares, a media report has stated that Japan Advisory had business relations with all of the 12 companies ordered to review their information management systems. Is that true? If so, what actions will the Financial Services Agency (FSA) take?

A.

In relation to their systems for managing corporate information, on August 3, the 12 companies reported, first, on their internal organization, second, on the management status of corporate information and, third, on their challenges and countermeasures.

I would like to refrain from commenting on the specifics of their reports.

However, I understand that even though the companies have developed systems for managing corporate information to a reasonable degree, they have identified new challenges in light of the series of insider trading cases and they will make improvement efforts.

As to the status of specific transactions, such as transactions with Japan Advisory, I would like to refrain from making comments.

Generally speaking, if a problem is recognized, the FSA will of course appropriately share information with the Securities and Exchange Surveillance Commission (SESC). The FSA will also take strict actions in accordance with the laws and regulations.

On June 29, the FSA rescinded Japan Advisory's registration and ordered the company to improve its business operation, as you know.

Hedge Fund Association’s China Chapter Launches New, Local Chapter In World’s Largest City - Shanghai Chapter To Give HFA’s China Organization Stronger Regional Presence In Asia’s Biggest Financial Center

Date 13/08/2012

The Hedge Fund Association, an international organization that represents hedge funds, service providers and investors, announced today that their recently formed China Chapter is putting down roots in Shanghai, the world’s largest city by population and the most important commercial and financial center in China. Headed by Yiming Di, principal at China-focused consulting firm Schmittzehe and Partners, the goal of the Shanghai Chapter is to work with the city’s alternative investments firms in support of the HFA China Chapter’s goals of advocating for and educating the public about the Chinese hedge fund industry.

Abu Dhabi Securities Exchange Appoints Legal Advisor

Date 13/08/2012

Abu Dhabi Securities Exchange (ADX) announced today that Mr. Abdul Salaam Al Blooshi has joined ADX as its new legal advisor.

Swissrisk Financial Systems Now Dion Global Solutions - European Banking Software Specialist Rebrands After Majority Stake Acquisition

Date 13/08/2012

Swissrisk Financial Systems GmbH (Swissrisk) has today announced it has rebranded as Dion Global Solutions GmbH. The move follows a majority stake acquisition by Dion in January 2012. The firms have already seen clear benefits from working together through shared intelligence, product development and working practices, and the rebrand stands to further enhance and streamline this.

IPO Sentiment Indicator On The Primary Market Remains Subdued - Deutsche Börse Publishes Forecast For Q3 2012

Date 13/08/2012

Deutsche Börse published the IPO sentiment indicator forecasting issuing activity for the 3rd quarter of 2012 on Monday. The IPO climate, which reflects the mood of market participants, remained at the low level seen in the previous quarter and even fell slightly from 31.35 to 29.94 points.

ASIC Consults On Electronic Trading And Releases Fourth Market Supervision Report

Date 13/08/2012

ASIC today published proposed rules and guidance on automated trading and released its fourth report on the supervision of Australian financial markets and market participants.

Osaka Securities Exchange SPAN Parameter Updated: Aug. 20, 2012 - Aug. 24, 2012

Date 13/08/2012

OSE has set up SPAN Parameter for calculating margin requirements as follows.

This SPAN Parameter is used for calculating "SPAN Risk Parameter Files" which are distributed on a daily basis. OSE sets and publishes new Parameters on the first business day of each week, which are applicable from the first business day of the next week.

New Apple Juice Concentrate Contract Launches Tomorrow At MGEX

Date 12/08/2012

MGEX,  a  Designated  Contract  Market  (DCM)  and  Derivatives  Clearing Organization (DCO), issues a reminder that the new Apple Juice Concentrate (AJC) futures and options contract will launch tomorrow morning at 7:00 a.m. Central Time (CT).

The Egyptian Exchange (EGX) Monthly Statistical Report July 2012

Date 12/08/2012

Total number of listed companies on the main market amounted to 212 at the end of July 2012. Meanwhile, the number of listed companies on Nilex reached 22 at the end of July 2012.

There was one new listed company on Nilex this month, with a total capital of US$ 0.41 million (LE 2.5 million). Additionally, one company was listed on the main market, with a total capital of US$ 4.45 million (LE 27 million).

MGEX Highlights Delegate Membership Incentives For AJC Futures And Options Contract

Date 11/08/2012

MGEX,  a  Designated  Contract  Market  (DCM)  and  Derivatives  Clearing Organization (DCO), has announced exchange fees for the new Apple Juice Concentrate (AJC)futures and options contract, which include fee reduction incentives for delegate members.