News Centre

Dubai Financial Market Market Holiday - Al Isra Wa Al Miraj - Thursday 30 June 2011

Date 23/06/2011

In the occasion of Al Isra Wa Al Miraj, it has been decided that Thursday 30/06/2011 is an official holiday for the market & will resume on Sunday 03/07/2011

UK’s Financial Services Authority Holds Its Annual Public Meeting

Date 23/06/2011

The Financial Services Authority (FSA) today held its Annual Public Meeting at The Brewery in London, providing members of the public and interested parties a forum to discuss the FSA’s Annual Report, which was published on 13 June.

London Metal Exchange Wins Major US Steel Award

Date 23/06/2011

The London Metal Exchange’s (LME) success in developing steel futures was recognised this week when the LME Steel Billet contract won a prestigious annual award for innovation at the American Metal Market’s (AMM) Awards for Steel Excellence. The strong category of eight nominations included innovations by Arcelormittal, BMW and Latrobe Steel.

ESMA: Publication Of An Accepted Market Practice On Liquidity Agreements

Date 23/06/2011

This AMP was accepted by the Dutch Ministry of Finance on 4 may 2011.

FORTS: Trading Volume In Brent Oil Futures Exceeded USD300 Million

Date 23/06/2011

On June 22, by the end of the main trading session trading volume in futures contract on Brent Oil reached USD300,526,991 or RUB8,418,301,976 representing 270,987 contracts.

TMX Group Statement Regarding Revised Maple Group Offer

Date 23/06/2011

TMX Group Inc. acknowledges the issuance of a press release by Maple Group Acquisition Corporation (Maple) on June 22, 2011, stating that it has revised the terms of its offer for the outstanding shares of TMX Group.

Maple Group Increases Offer Price To $50 And Proportion Of Cash Consideration To A Maximum Of 80% In Transaction To Acquire TMX Group

Date 23/06/2011

• On a fully pro-rated basis, enhanced offer provides $40 in cash per share, an increase of $6.40 in cash per share, plus ongoing ownership stake in Maple 
• Enhanced integrated acquisition transaction valued at $3.8 billion 
• 30% premium to May 12, 2011 implied value of LSE take-over plan 
• In order for Maple’s superior transaction to proceed TMX Group shareholders need to vote AGAINST the LSE take-over plan no later than June 28, 2011

SEC Adopts Dodd-Frank Act Amendments To Investment Advisers Act

Date 22/06/2011

The Securities and Exchange Commission today adopted rules that require advisers to hedge funds and other private funds to register with the SEC, establish new exemptions from SEC registration and reporting requirements for certain advisers, and reallocate regulatory responsibility for advisers between the SEC and states.

DTCC Elevates Robert Garrison To Chief Information Officer

Date 22/06/2011

The Depository Trust & Clearing Corporation (DTCC) has named Robert Garrison chief information officer, effective July 8. He joined the organization in October 2010 as a managing director and chief development officer of its Information Technology division.

SEC Adopts Rule Under Dodd-Frank Act Defining “Family Offices”

Date 22/06/2011

The Securities and Exchange Commission today approved a new rule to define “family offices” that are to be excluded from the Investment Advisers Act of 1940.