News Centre

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.

Call For Tender - Temporary Workers At ESMA

Date 11/05/2012

Call for Tender - Temporary Workers at ESMA

JPMorgan Announces USD2 Billion Trading Loss

Date 11/05/2012

JPMorgan Chase & Co. reported that it had a USD2 billion trading loss from a failed hedging strategy.

Dalian Commodity Exchange Starts Simulation Options Trading

Date 11/05/2012

Dalian Commodity Exchange (DCE) launched the internal simualtion trading of commodity futures options on May 7. The confirmed varieties for the simulation trading are all the varieties traded on DCE. Rules of American options would be applied for the simulation options trading.

Shenzhen Stock Exchange Continues To Strengthen Investors Appropriateness Management

Date 11/05/2012

On May 10, the Shenzhen Stock Exchange jointly held two sessions of “members’ network ‘protection for investors’ training and interchange events” with Hubei and Jiangsu Bureaus of China Securities Regulation Commission in Wuhan and Nanjing cities respectively. The events were themed by “transparency, rationality, and appropriateness”. The events were aimed at propelling members to enhance the works on protection for investors, guiding investors to invest rationally, deepening the investor appropriateness management in the multi-layer capital market, and fostering healthy and rational investing culture in the capital market. Principals of members’ network in Hubei and Jiangsu attended the events. Directors of the SZSE, Hubei and Jiangsu Bureaus of the CSRC attended the special training activities.

Notice Of Launching Questionnaire Survey On "Scheme Of Perfecting Delisting System Of Shanghai Stock Exchange-Listed Companies - Draft Version"

Date 11/05/2012

 The Shanghai Stock Exchange (SSE) has recently published the "Notice of Publicly Soliciting Opinions on 'Scheme of Perfecting Delisting System of SSE-listed Companies (Draft Version)'". With a view to rationalizing the delisting system of listed companies and protecting the rights and interests of investors, the SSE herby launches online questionnaire survey on the Draft Version for investors and other market participants to put forward relevant opinions and suggestions. Investors and other market participants who would like to contribute their opinions and suggestions to the Draft Version can complete and submit the questionnaire attached below before May 20, 2012.

Canadian Securities Regulators Strengthen Over-The-Counter Rules

Date 10/05/2012

Members of the Canadian Securities Administrators (CSA) today published advance notice of adoption of Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets (the OTC rule). The OTC rule addresses the damage to the reputation of Canada’s capital markets by market participants with strong connections to Canadian jurisdictions who engage in abusive activities through OTC markets in the U.S.