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  • The Vienna Stock Exchange Welcomes 100th Trading Member

    Date 18/02/2011

    Today, the Vienna Stock Exchange welcomed the 100th 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.

  • TOCOM To Change Nikkei-TOCOM Commodity Index Futures Contract Specification

    Date 18/02/2011

    1.Background and Purpose of Revision

    TOCOM will revise the contract specification of Nikkei-TOCOM Commodity Index Futures contract (TOCOM NEXT) for the reasons outlined below:

    Since the launch on March 23rd, 2010 on a trial basis(*) of the Nikkei-TOCOM Commodity Index Futures, the market price (closing price) and the Settlement Index Point based on the actual Index value (theoretical price) have been constantly diverging, resulting in frequent additional margin calls on the first mark-to-market when a new position is taken, or triggering loss-cut orders immediately after the opening of a Day Session where the market price diverged again from the daily Settlement Index Point.