News Centre

HKEx Securities And Derivatives Markets Delay Open Due To Issuance Of Typhoon Signal No. 8

Date 28/09/2011

Hong Kong Exchanges and Clearing Limited (HKEx) announced that the morning trading sessions of both the securities and derivatives markets have been delayed due to the issuance of Typhoon Signal No. 8. 

Direct Edge Update: October Pricing Changes On EDGX And EDGA

Date 28/09/2011

Effective October 1, 2011, Direct Edge will make the following pricing changes to EDGX and EDGA fee schedules, pending SEC approval. 

SIFMA Statement On Revised Proposals For Market-Wide Circuit Breaker Rules

Date 28/09/2011

SIFMA today released the following statement from Randy Snook, executive vice president, after FINRA and the exchanges released new proposed rules outlining the operation of market-wide circuit breakers, which have been in development over the past year in response to the May 6, 2010 Flash Crash.

BM&FBOVESPA - 1st Stage: Substitution Of GTS (Derivatives And Spot Foreign Exchange)

Date 28/09/2011

BM&FBOVESPA is in the process of implementing the PUMA Trading System new trading platform - developed by BM&FBOVESPA and CME Group.

CFTC Announces Second Public Meeting Of The Technology Advisory Subcommittee On Data Standardization - Subcommittee Working Groups To Present Interim Findings Aimed At Creating Universally Acceptable Standards For Complex Financial Products

Date 28/09/2011

The Commodity Futures Trading Commission (CFTC) announces that on September 30, 2011, the Subcommittee on Data Standardization of the CFTC’s Technology Advisory Committee (the “Subcommittee”) will hold its second public meeting at the Commission’s headquarters in Washington, DC.

SEC Charges Long Island-Based Hedge Fund Manager With Fraud Involving PIPE Transactions

Date 28/09/2011

The Securities and Exchange Commission today charged a Long Island-based investment adviser with defrauding investors in hedge funds investing in PIPE transactions and misappropriating more than $1 million in client assets for his personal use.

CBOE Holdings, Inc. Announces Live Webcast of 2011 Investor Day Conference On October 5

Date 28/09/2011

CBOE Holdings, Inc. (NASDAQ: CBOE) today announced it will offer a live webcast of its 2011 Investor Day Conference on Wednesday, October 5, 2011, from 9:00 a.m. to 2:30 p.m. (Chicago time).

SEC Charges Bay Area Investment Adviser For Defrauding Clients And Falsifying Documents During SEC Exam

Date 28/09/2011

The Securities and Exchange Commission today charged a San Francisco-area investment adviser with fraud for lying to clients about how brokerage commission rebates were being used and producing phony documents to cover up the fraud during an SEC examination.

EU Commission Lacks "Moral Authority" To Impose Financial Transaction Tax - UK Regulation Lawyer

Date 28/09/2011

Commenting on the proposed financial transaction tax, David Blair, regulation partner at UK law firm Osborne Clarke, said:

"Given the lack of transparency surrounding EU budgets, it seems questionable whether the EU Commission is an appropriate body to be redistributing wealth to European tax payers."

Woodbine Associates Produces Study On OTC Derivatives For The Institute For Financial Markets - Report Details New Hedging And Transaction Costs That Derivative Traders And End Users Will Face From The Dodd-Frank Act And Basel III

Date 28/09/2011

Woodbine Associates, Inc. (http://www.woodbineassociates.com) has just completed a study for the Institute for Financial Markets that evaluates the impact of Dodd-Frank and Basel III on OTC derivative transactions and proposes cost minimizing strategies for end users.