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Bahamas International Securities Exchange Year End Statistical Report For 2008
Date 28/01/2009
BISX is pleased to announce its annual and quarterly BISX All Share Index and trading statistics for the periods ending December 31, 2008 with comparison to previous periods.
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Instinet Becomes Australian Clearing Member - Global Agency Broker Now Offering Direct Settlement And Clearing Services For The Australian Market
Date 28/01/2009
Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that its Instinet Australia Clearing Services Pty Limited subsidiary has secured membership on the ASX Settlement and Transfer Corporation (ASTC), which is a wholly-owned subsidiary of the Australian Securities Exchange (ASX), and has been successfully clearing and settling client trades for the past three months.
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IMF's Global Financial Stability Report: GFSR Market Update
Date 28/01/2009
Financial markets worldwide reflect ongoing deleveraging pressures amidst a deepening economic downturn. In spite of extensive policies, the global financial system remains under intense stress. Moreover, worsening economic conditions are producing new, large writedowns for financial institutions. In response, balance sheets are being cut back through asset sales and the retiring of maturing credits. These actions have increased downward pressure on asset prices and reduced credit availabi
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SEC Charges Nashville-Based Financial Planner With Fraud Involving Purported Investments In TARP
Date 28/01/2009
The Securities and Exchange Commission today took emergency action to charge Nashville, Tenn.-based investment advisor Gordon B. Grigg and his firm ProTrust Management, Inc. with securities fraud, and obtained a court order freezing their assets. The SEC alleges that Grigg and ProTrust defrauded clients out of at least $6.5 million and misrepresented that their money was invested in the federal government's Troubled Asset Relief Program (TARP) and other securities that, in reality, do not exist.
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TMX Group Inc. Reports Results For Fourth Quarter And Year End 2008
Date 28/01/2009
Revenue of $151.4 million for Q4/08, up 36% over Q4/07 Diluted EPS of 65 cents for Q4/08, up 44% over Q4/07 Diluted EPS in Q4/08 of 65 cents unchanged from Q4/07 EPS prior to a reduction in the value of the future tax asset Cash flows from operating activities in Q4/08 of $60.8 million, up 14% versus Q4/07 Full year 2008 diluted EPS of $2.47 compared with $2.17 for 2007 Full year 2008 cash flows from operating activities of $244.2 million, an increase of 10% fr
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US Federal Open Market Committee Target Range For Federal Funds Rate Unchanged
Date 28/01/2009
The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.
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TMX Group Inc. Declares Dividend Of $0.38 Per Common Share
Date 28/01/2009
The Board of Directors of TMX Group Inc. [TSX:X] today declared a dividend of $0.38 on each common share outstanding, payable on February 27, 2009 to shareholders of record at the close of business on February 13, 2009.
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IMF's World Economic Outlook Update: Global Economic Slump Challenges Policies
Date 28/01/2009
World growth is projected to fall to ½ percent in 2009, its lowest rate since World War II. Despite wide-ranging policy actions, financial strains remain acute, pulling down the real economy. A sustained economic recovery will not be possible until the financial sector's functionality is restored and credit markets are unclogged. For this purpose, new policy initiatives are needed to produce credible loan loss recognition; sort financial companies according to their medium-run viabili
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Liquidnet Named Best In Clearing & Settlement In United States And Europe
Date 28/01/2009
Liquidnet, the global institutional marketplace, today announced that Z/Yen’s 2008 survey of Operational Performance of Brokers ranked Liquidnet, Inc. and Liquidnet Europe Limited best in clearing and settlement as chosen by leading investment managers and hedge funds. In Europe, Liquidnet was named best broker for core processing of European securities for the third year in a row. In the United States, Liquidnet was selected best broker for equities operations and most improved broker.
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UK’s Financial Services Authority Bannes Pacific Continental Former Chief Executive And Former Finance Director And Fines Them £80,000 And £95,000 Respectively
Date 28/01/2009
The Financial Services Authority (FSA) has banned the former chief executive of stockbroking firm Pacific Continental Securities UK Limited (PCS), Mr Steven Griggs, and its former finance director, Mr Charles Weston, and also fined them £80,000 and £95,000 respectively for serious failures in the company which led to customers buying high risk shares without suitable advice.
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