News Centre

TOM MTF Statistics Week 34

Date 26/08/2011

Click here to download the weekly statistics update of TOM MTF for week 34 - 2011.

FEAS August 2011 Newsletter

Date 26/08/2011

• BULGARIA SE:  The National Corporate Governance Commission in Bulgaria has approved the methodologyfor calculating the index, which will include publicly traded companies strictly applying corporate governance principles. The index will be named CGIX(Corporate Governance IndeX) and initially the technical calculation and the information dissemination will beperformed by the Bulgarian Stock Exchange. The index will include seven companies and will be market capitalization weighted, adjusted by the free-float. Its base value is 100 points and the initial calculation date is
• EGX:  The Egyptian Exchange (EGX) together with the Information Technology Industry Development Association (ITIDA) seek to attract more technology companies to get listed on NILEX. In this respect, Mr. Mohamed Abdel Salam, EGX Chairman, asserted that EGX looks forward to put up "NILEX" as the first Arab stock market for small and medium enterprises that aims at enhancing the IT industry. On the other hand, Eng. Yasser El Kady, CEO of ITIDA,
• PALESTINE SE:  The Palestine Exchange (PEX) concluded its second road show to London on 23-24 June 2011. Mr. Ahmad Aweidah, Chief Executive Officer of PEX headed the Palestinian delegation of four leading listed companies; Palestine Telecommunications (PALTEL), PADICO Holding, Bank of Palestine and Wataniya Palestine Mobile, in addition to Dr. Mohammad Mustafa, Economic Advisor of President Mahmoud Abbas and Chairman of the Palestinian Investment Fund, CEO of the Palestine Capital Markets Authority, and Rasmala Palestine Equity Fund.

Chicago-Based Floor Broker Craig Taffel Pays $180,000 Civil Monetary Penalty To Settle Charges That He Acted As An Unregistered Futures Commission Merchant

Date 26/08/2011

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against Craig A. Taffel, a registered floor broker located in Chicago, Ill., for acting as a futures commission merchant (FCM) without being registered.

Speech By Federal Reserve Chairman Bernanke On The Near- And Longer-Term Prospects For The U.S. Economy

Date 26/08/2011

Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference. This year's topic, long-term economic growth, is indeed pertinent--as has so often been the case at this symposium in past years. In particular, the financial crisis and the subsequent slow recovery have caused some to question whether the United States, notwithstanding its long-term record of vigorous economic growth, might not now be facing a prolonged period of stagnation, regardless of its public policy choices. Might not the very slow pace of economic expansion of the past few years, not only in the United States but also in a number of other advanced economies, morph into something far more long-lasting?

Chicago Futures Commission Merchant Tenco, Inc. Settles CFTC Charges That It Failed To Diligently Supervise And Placed Trades Without Proper Authorization

Date 26/08/2011

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against Tenco, Inc. (Tenco), a registered futures commission merchant (FCM) located in Chicago, Ill., for failing to diligently supervise its employees and agents and for placing trades without proper authorization from the account holder.

ESMA Publishes A Set Of Questions And Answers On European Money Market Funds

Date 26/08/2011

The purpose of this document is to promote common supervisory approaches and practices in the application of the guidelines on a Common Definition of European Money Market Funds developed by CESR by providing responses to questions posed by the general public and competent authorities. 

ESMA Publishes A Set Of Questions And Answers On European Money Market Funds

Date 26/08/2011

The purpose of this document is to promote common supervisory approaches and practices in the application of the guidelines on a Common Definition of European Money Market Funds developed by CESR by providing responses to questions posed by the general public and competent authorities. 

Hong Kong's Securities And Futures Commission: Former CITIC Pacific Senior Executive Charged With Insider Dealing

Date 26/08/2011

The Securities and Futures Commission (SFC) has commenced criminal proceedings against Mr Chui Wing Nin, a former senior executive of CITIC Pacific Limited (CITIC Pacific), for alleged insider dealing in the company’s shares prior to a profit warning issued in 2008.

FIA Asks CFTC To Investigate Breach Of Confidentiality

Date 26/08/2011

The FIA submitted a letter to the Commodity Futures Trading Commission asking the agency to investigate whether any of its rules governing the handling of confidential data have been violated.  Attached is a copy of the letter, which also was sent to the two Congressional committees that have jurisdiction over the CFTC. In the letter, the FIA expressed its very strong concern about the disclosure of confidential data about positions held by individual firms in the commodity derivatives markets in  an article published in the Wall Street Journal on Aug. 18. The article, “As Oil Spiked, Many Traded,” stated that the data came from a list of position holders compiled by the CFTC.  A member of Congress subsequently revealed that he provided this information to the newspaper. As stated in the letter, this incident “poses a serious threat to the confidence of market participants in the CFTC’s ability to protect proprietary information; raises troubling questions about the role of Congress in handling such information; jeopardizes the CFTC’s future ability to obtain cooperation in data collection and market surveillance; and undermines the agency’s ability to work cooperatively with its counterparts in overseas jurisdictions.” 

Deutsche Börse Publishes IPO Indicator For Q3 2011 - Mood Deteriorated On Primary Market

Date 26/08/2011

Deutsche Börse published the IPO sentiment indicator forecasting issue activity for the 3rd quarter of 2011 on Friday. The primary market indicator has fallen from 32.66 to 29.80 points, bringing it below 30 points for the first time since June 2009. This fall was triggered by a significant deterioration of the IPO climate, as Deutsche Börse’s survey of market participants showed.