News Centre

SEC Announces Deferred Prosecution Agreement With Amish Fund

Date 18/07/2012

The Securities and Exchange Commission today announced that a non-profit corporation that offers securities to fund mortgage and construction loans to young Amish families in Ohio will ensure that its investors receive more timely and accurate information under an agreement reached with the SEC.

ICAP Retail Bond – Close Of Offer Period

Date 18/07/2012

ICAP plc (IAP.L), the world’s leading interdealer broker and provider of post trade risk and information services, announces that the offer period for its 6 year fixed rate 5.5% corporate bond for retail investors, which began on July 12^th 2012, has now closed.

SunGard’s Valdi Solution Adds SaaS Access To The SIX Swiss Exchange Liquidnet Service

Date 18/07/2012

SunGard has extended its Software-as-a-Service (SaaS)*-based Valdi to connect to the SIX Swiss Exchange Liquidnet Service (SLS). As a non-displayed liquidity pool for block equity trading, SLS offers traders access to volumes that are not available on “lit” or visible order books of traditional stock exchanges and Multilateral Trading Facilities. This helps traders who want to buy or sell large blocks of shares find counterparties and execute their trades with no market impact to share prices and other trading activity. SLS currently supports French, German, Dutch, Swiss and UK equities. This will be soon extended to six additional European markets. SunGard’s hosted Valdi service for SLS helps firms access SLS easily and cost-effectively.

CFTC’s Division Of Market Oversight Issues Temporary No-Action Relief To Non-Clearing Swap Dealers To Comply With Large Trader Reporting Requirements For Physical Commodity Swaps And Swaptions - Swap Dealers That Are Not Clearing Members Must Be Fully Compliant With The Commission’s Reporting Requirements No Later Than 60 Days After The Commission’s Deadline For Entities To Apply To Be Registered As Swap Dealers

Date 18/07/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today announced the issuance of temporary no-action relief for reporting by non-clearing member swap dealers under the CFTC’s large trader reporting requirements for physical commodity swaps and swaptions. This temporary relief is intended to provide sufficient time for non-clearing member swap dealers to transition to fully compliant reporting by 60 days after the Commission’s deadline for entities to apply to register as swap dealers. Any party relying on this relief must state that it is doing so in an e-mail to DMO: submissions@cftc.gov orSwapsLTR@cftc.gov, no later than the swap dealer registration application date.

BME: Overview Of Mercado Alternativo Bursátil’s Third Year - MAB Companies Are Expanding And Making Profits

Date 18/07/2012

• In three years MAB-listed companies have raised over €104 million in financing, €85 million from initial placements and €19 million in subsequent capital increases
• In 2011, the headcount of these companies increased 26% compared to 2010
• Between 2010 and 2011, turnover rose 46% and EBITDA 26%
• Most of the MAB-listed companies estimate over 20% growth in turnover and EBITDA for 2012. They also estimate a 5-20% increase in headcount

Thomson Reuters Commences Tender Offer For All Outstanding Shares Of FX Alliance Inc. (FXall)

Date 18/07/2012

Thomson Reuters (TSX / NYSE: TRI) is commencing today, through its indirect wholly-owned subsidiary CB Transaction Corp, a cash tender offer to purchase all outstanding shares of common stock of FX Alliance Inc. (FXall) (NYSE:FX). Thomson Reuters announced its intention to acquire FXall on Monday, July 9, 2012. Upon the successful closing of the tender offer, stockholders of FXall will receive $22.00 in cash for each share of FXall common stock validly tendered and not validly withdrawn in the offer, without interest and less any applicable withholding taxes.

FXCM To Launch NinjaTrader Platform - Award Winning Advanced Analytics, Automation, Charting And Execution Software

Date 18/07/2012

FXCM Inc. (NYSE: FXCM) is excited to announce the addition of the NinjaTrader trading platform to its suite of platform offerings. NinjaTrader is an award-winning and leading trading software provider, known for its high performance analytic and trade execution tools that maximize a trader’s efficiency in fast-moving markets. Traders can now begin beta testing FXCM’s integration with NinjaTrader for forex trading.

State Aid: European Commission Temporarily Approves Recapitalisation Of Caixa Geral De Depósitos

Date 18/07/2012

The European Commission has temporarily approved, under EU State aid rules, an injection of € 1 650 million of core Tier 1 capital into Caixa Geral de Depósitos S.A. (CGD) for reasons of financial stability. Portugal committed to provide a restructuring plan for CGD within six months of the injection. The Commission will take a final decision on the compatibility of the capital injection with EU state aid rules when assessing the restructuring plan.

Cyprus Stock Exchange's E-Briefing - June 2012

Date 18/07/2012

In the context of the upcoming European Union Presidency o he Republic of Cyprus during the second half of 2012 and due to its active participation of the Organization in the European Federations for stock market issues, the Cyprus Stock Exchange (CSE) has undertaken some important initiatives hosting and putting under its auspices the organization of major conferences - seminars in Cyprus.

Press Conference By Tadahiro Matsushita, Japan's Minister For Financial Services - Insider Trading - Regulator's Surveillance Capabilities - Tokyo Stock Exchange Merger With Osaka Securities Exchange

Date 18/07/2012

[Questions & Answers]

Q.

First, let me ask you about insider trading related to public offering of new shares. At last week's meeting of the Financial System Council, you asked the council to consider measures to prevent a recurrence of insider trading. Among the main points of debate are how to treat the act of communicating insider information and the method of calculating the monetary penalty amount. I suppose there will be more serious issues of discussion, such as double punishments. What is your recognition of problems and issues?

A.

I asked the Financial System Council - I suppose some of you attended the meeting - to conduct deliberations on how to treat the act of communicating insider information, the method of calculating the monetary penalty amount, and the revisions of the insider trading regulation that will be required in light of the trend of insider trading cases in recent years and the actual circumstances of financial and business practices.