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  • SGX Launches New Online Initiatives For Retail Investors

    Date 29/07/2011

    Singapore Exchange (“SGX”) today introduced two online initiatives, “Customer Account Review Module” and “SGX Online Education programme”, to support retail investors in their understanding and trading of “Specified Investment Products” listed on SGX.   SGX began working on both initiatives last year, in response to the Monetary Authority of Singapore’s (MAS) proposal to enhance safeguards for retail investors for Specified Investment Products.  Under the proposal, MAS requires broking firms to ascertain whether a retail investor has the relevant knowledge and experience to understand the risks and features of Specified Investment Products before allowing the investor to open an account to trade Specified Investment Products listed on both securities and derivatives markets.  The online initiatives have been developed in consultation with market participants including broking firms, Securities Investors Association (Singapore), and the Consumer Association of Singapore.

  • CFTC Charges Susan G. Davis, David E. Howard II, Joseph Burgos, And Their Companies With Fraud In Off-Exchange Foreign Currency Scheme - Federal Court Issues Order Freezing Defendants’ Assets And Prohibiting Destruction Of Books And Records

    Date 28/07/2011

    The U.S. Commodity Futures Trading Commission (CFTC) today charged Susan G. Davis of Jersey City, N.J. and St. Petersburg, Fla., David E. Howard II of Woodstock, Ga., and their New York companies, Forex Capital Trading Group, Inc. (Forex Group) and Forex Capital Trading Partners, Inc.(Forex Partners), and Joseph Burgos of Rutherford, N.J., and his company, Highland Stone Capital Management, LLC (Highland Stone), with fraudulently soliciting more than $1.3 million from at least 73 customers to trade off-exchange foreign currency (forex) contracts. None of the defendants has ever been registered with the CFTC, except for Davis who has been registered as an Associated Person of a different company, Forex Capital Trading Partners NA, Inc., since May 31, 2011.

  • Program Trading Averaged 28.2 Percent Of NYSE Volume During July 18-22

    Date 28/07/2011

    The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for July 18-22.

  • CFTC Commissioner Scott D. O’Malia Seeks Public Comment On The Review Of Swaps For Mandatory Clearing

    Date 28/07/2011

    On July 28, 2011, Commissioner Scott D. O’Malia of the Commodity Futures Trading Commission (CFTC) issued a letter to the public seeking comment on the manner in which the Commission should determine (i) which swaps would be subject to the clearing requirement and (ii) whether to grant a stay of a clearing requirement.

  • Deutsche Börse AG Achieves Earnings Growth In Q2/2011 - EBIT Improves 7 Percent To €276.5 Million Costs Down 19 Percent Year-On-Year, At €289.2 Million Sales Revenue Of €528.6 Million Earnings Per Share Up 11 Percent To €0.96 28. July 2011

    Date 28/07/2011

    On Thursday, Deutsche Börse AG published its figures for the second quarter of 2011. Compared to the same period in the previous year earnings before interest and tax (EBIT) rose by 7 percent to €276.5 million. The Group’s total costs decreased to €289.2 million, 19 percent below the costs in the previous year. Sales revenue amounted to €528.6 million, 6 percent lower than in the second quarter last year, when trading volumes were particularly high due to market volatility. Earnings per share climbed 11 percent to €0.96 compared to the previous year.