News Centre

CFTC To Hold Open Meeting On Twelfth Series Of Proposed Rules Under The Dodd-Frank Act

Date 18/02/2011

The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Thursday, February 24, 2011, at 9:30 a.m. to consider the issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act on the following topics:

HKFE Announces Margin Rates For Adjusted Wharf Futures Contracts

Date 18/02/2011

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Monday, 21 February 2011, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below.  The margins are based on the clearing company's normal procedures and standard margining methodology.

BME’s Net Profit In The Fourth Quarter Increased 11% To 37.6 Million Euros

Date 18/02/2011

• In 2010 BME’s net profit totalled €154.2 million, a 2.7% increase on 2009 
• Revenue in 2010, at €326.2 million, was up 3% on the previous year
• Overall costs were down 3.4% in 2010 and EBITDA was up 6.3%
• The efficiency ratio stood at 31.6%, an improvement of 2.1 points on the year-ago period. This result is around 20 points above the sector average
• The return on equity (ROE) stood at 34.3%, an improvement of 1.8 points on the year-ago period. This result is more than 23 points higher than the sector average

HKEx: Changes of Designated Securities For Short Selling

Date 18/02/2011

The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announces that with effect from 25 February 2011 (Friday), 70 additional securities will be eligible for short selling and 17 existing designated securities will be removed from the list.  The total number of designated securities for short selling will be 698 after the revision.

Tokyo Stock Exchange: Trading Fee Free Campaign Of Single Stock Options Trading In Auction Market

Date 18/02/2011

TSE has decided that there will be no trading fees for the auction market for single stock options beginning March 2011 for the time being.

HKEx: Hongkong Electric Futures And Options To Be Renamed Power Assets Futures And Options From 23 February

Date 18/02/2011

Hong Kong Exchanges and Clearing Limited (HKEx) has announced that its Hongkong Electric futures and options will be renamed Power Assets futures and options from 23 February this year to reflect the change in the name of the underlying stock.  Details are in the table below.

The Vienna Stock Exchange Welcomes 100th Trading Member

Date 18/02/2011

Today, the Vienna Stock Exchange welcomed the 100^th trading member to the exchange – biw Bank für Investments und Wertpapiere AG. The exchange now boasts 42 national and 58 international banks and brokers as direct trading members.

SIX Exchange Regulation Fines Leclanché SA

Date 18/02/2011

SIX Exchange Regulation has issued a sanction notice imposing a fine of CHF 5,000 on Leclanché SA for violating the rules on ad-hoc publicity and a regular reporting obligation. 

IOSCO Identifies Benefits Of Organised Platform Derivatives Trading

Date 18/02/2011

The Technical Committee of the International Organisation of Securities Commissions (IOSCO) has published a Report on Trading of OTC Derivatives.  The report analyses the benefits, costs, and challenges associated with increasing exchange and electronic trading of over-the-counter (OTC) derivative products and contains recommendations to assist the transition of trading in standardised derivatives products from OTC venues onto exchanges and electronic trading platforms (organised platforms) while preserving the efficacy of those transactions for counterparties.

TSE Imposes Disciplinary Action On Rakuten Securities, Inc.

Date 18/02/2011

The Tokyo Stock Exchange (hereinafter "TSE") has imposed disciplinary action (censure) against Rakuten Securities, Inc. (hereinafter the "Company") pursuant to Rule 34, Paragraph 1, Item 8 of the Trading Participant Regulations.
Additionally, TSE has requested the submission of a business improvement report pursuant to the provisions of Rule 19 of the Trading Participant Regulations. 
The business improvement report shall include:
(1) Planning of reinforcement measures for re-establishing internal management systems and frameworks in order to prevent cases which will contradict laws, rules and regulations in cases of introducing/modifying systems and frameworks as well as internal rules and operational practices, taking into account reasons for the violation of laws, rules and regulation;
(2) Implementing training, etc. of all officers and employees in order to foster the proper understanding and compliance with the laws, rules and regulations related to margin trading and compliance with such laws, rules and regulations; and
(3) Clarification of the locus of responsibility in light of the disciplinary action.