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SEC Extends New Short Sale Rule Compliance Date
Date 04/11/2010
The Securities and Exchange Commission has extended the date for compliance with the Commission's new short sale rule to Feb. 28, 2011. The extension was granted to give certain exchanges additional time to modify their market opening, reopening, and closing procedures for individual securities covered by the rule, and in order to provide additional time to market participants for programming and testing of systems for implementation.
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SIFMA Welcomes Administration’s Willingness To Keep Capital Gains, Dividends Tax Rate At Current Levels - Urges Congress And Administration To Resolve Unfinished Business
Date 04/11/2010
SIFMA today released the following statement from Tim Ryan, president and CEO, in response to comments from the Administration on keeping the current tax rates on capital gains and dividends for all Americans.
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CFTC Requests Public Comment On Application Submitted By New York Portfolio Clearing, LLC For Registration As A Derivatives Clearing Organization
Date 04/11/2010
The Commodity Futures Trading Commission (CFTC) is asking for public comment on an application submitted by New York Portfolio Clearing, LLC for registration as a derivatives clearing organization. Comments should be submitted on or before December 2, 2010.
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Program Trading Averaged 27.8 Percent Of NYSE Volume During Oct. 25-29
Date 04/11/2010
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 Oct. 25-29.
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Shenzhen Stock Exchange Strictly Regulates Stockholding Reduction By ChiNext Directors, Supervisors And Senior Management
Date 04/11/2010
The SZSE has released the “Notice on Further Regulating the Trading by Directors, Supervisors and Senior Management of a ChiNext Listed Company in the Company’s Shares”, setting up the further requirements for the reduction of stockholding by directors, supervisors and senior management after those persons leave their offices.
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NYSE Euronext Completes Migration Of European Cash And Derivatives Markets To Basildon Data Center
Date 04/11/2010
NYSE Euronext (NYX) today announced that with the migration of NYSE Liffe, it has completed the migration of its markets to its European data center in Basildon, Essex. The move means that the matching engines for all of NYSE Euronext’s markets in Europe are now consolidated in a state-of-the-art data center in Basildon, thirty miles east of London.
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SEC Charges Seven Oil Services And Freight Forwarding Companies For Widespread Bribery Of Customs Officials
Date 04/11/2010
The Securities and Exchange Commission today announced sweeping settlements with global freight forwarding company Panalpina, Inc. and six other companies in the oil services industry that violated the Foreign Corrupt Practices Act (FCPA) by paying millions of dollars in bribes to foreign officials to receive preferential treatment and improper benefits during the customs process.
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NYSE Liffe’s Skimmed Milk Powder Futures Contract Sees First Trades
Date 04/11/2010
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), today announced that its Skimmed Milk Powder (“SMP”) Futures contract traded for the first time. Two lots were traded, in the March 2011 and May 2011 delivery months, both at a price of €1,900. Each contract is equivalent to 24 metric tonnes of skimmed milk powder, meaning that the quantity traded has a value of over €91,000.
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Mercado Alternativo Bursátil Approves The Incorporation Of BDO As A Registered Adviser - This Incorporation Brings The Total Number Of Registered Advisers On MAB To 28
Date 04/11/2010
The Board of Directors of the Mercado Alternativo Bursátil (MAB) have agreed the appointment of BDO Finanzas Corporativas as a Registered Adviser in the MAB for growth companies and its registration on the Advisers Register. With this incorporation the total number of Registered Advisers on MAB stands at 28.
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Enel Green Power To List On Borsa Italiana's MTA Market
Date 04/11/2010
Enel Green Power (EGPW), controlled by Enel and worldwide leader in renewable energy production, listed today on Borsa Italiana’s MTA market.
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