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More Powerful EU Financial Supervisory Bodies And Less National Interest, Demand MEPs

Date 24/02/2010

The need for more ambition and more Europe was the main message to emerge from debates on the EU financial supervisory package at Parliament's Economic Affairs Committee on Tuesday. Calls for tougher legislation and a bigger transfer of powers to the EU supervisory level were among the chief demands made by the four MEPs presenting their draft reports.
A New Options Industry Council Study Finds The More Client Focused Advisors With Extensive Product Knowledge Are Inclined To Use Options

Date 24/02/2010

The Options Industry Council (OIC) today released the results of the Financial Advisor Engagement Study, conducted by the Diamond Group Ltd., and finds advisors inclined to use options to be more knowledgeable about different investment products with more assets under management than those disinclined. The new study also showed interesting correlations to previous OIC research on options investors.
UK’s Financial Services Authority Issues Warning About New Share Scam

Date 24/02/2010

The Financial Services Authority (FSA) has issued a warning following the dramatic increase in overseas fraudsters selling shares using the names, registration numbers and addresses of FSA authorised firms and individuals.
February 2010 “Islamic Market’s Measure” – Preliminary Report -Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes

Date 24/02/2010

Based on the close of trading on February 23, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, gained 0.68% month-to-date, closing at 2048.83. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 0.08%, closing at 164.86.
UK’s Financial Services Authority Censures Park Row, Announces A Customer Redress Exercise Up To £7.8m And Fines Former CEO £49,000

Date 24/02/2010

The Financial Services Authority (FSA) has publicly censured Park Row Associates Limited (Park Row), a national IFA network, for failing to ensure its sales were suitable and secured customer redress estimated at between £5m and £7.8m.

DED And DIFC Authority Sign Agreement To Facilitate Unified Licensing Procedures

Date 24/02/2010

The Dubai Department of Economic Development (DED) and the Dubai International Financial Centre Authority (DIFC Authority) have signed a co-operation agreement to unify licensing procedures and further enhance the business environment for investors in Dubai.
WDX Organisation Announces Historic First As Oil-Based Product Is Priced In World Currency Unit (WOCU)

Date 24/02/2010

WDX Organisation Ltd., the company behind the Wocu (World Currency Unit) is delighted to announce its agreement with Navitas Resources, the specialist energy and climate commodity trade facilitator. In a world first, the new Navitas electronic exchange intends to price marine fuel (bunker fuel) in Wocu, alongside USD, from Q2 2010. The agreement follows Navitas joining WDX’s Early Participation Scheme earlier this year.
HKFE Announces Revised Margins For Futures Contracts

Date 24/02/2010

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, 1 March 2010, 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 adjustments are based on the clearing company's normal procedures and standard marginin
Trayport®’s GlobalVision Broker Trading SystemSM Links To CME ClearPort® For Clearing

Date 24/02/2010

Trayport Limited, the leading provider of multi-asset broker trading solutions, today announced its GlobalVision Broker Trading system will clear over the counter (OTC) products including oil, carbon emissions, freight transactions, power and natural gas through CME® ClearPort®. CME ClearPort is a post-trade clearing service that helps mitigate counterparty risk by clearing OTC transactions across multiple asset classes worldwide.
ETF Securities To Expand Europe's First And World's Largest Exchange Traded Currency Platform With The Launch Of 10 New Euro-Based Currency ETCs On Xetra

Date 24/02/2010

10 new Euro-based Currency ETCs Long or short exposure to the EUR versus G-10 Currencies including (CHF, GBP, JPY, NOK, and SEK) Fully collateralised and include exposure to local interest rates Will be listed on the Deutsche Börse (Xetra) Exposure to world’s most liquid asset class through a total of 28 Currency ETCs