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  • Shanghai Stock Exchange Issues Q & A On Detailed Rules For Shareholding Lessening By Shareholders, Directors, Supervisors, Senior Executives Of Listed Companies

    Date 17/01/2018

    On May 27, 2017, the China Securities Regulatory Commission (CSRC) released the "Some Provisions on Shareholding Lessening by Shareholders, Directors, Supervisors and Senior Executives of Listed Companies" (CSRC Announcement [2017] No. 9 Document, hereinafter referred to as "Announcement No. 9"), and the Shanghai Stock Exchange (SSE) issued the supportive "Detailed Implementation Rules of SSE for Shareholding Lessening by Shareholders, Directors, Supervisors and Senior Executives of Listed Companies" (the "Detailed Rules" for short). As an important part of the construction of the fundamental system for the securities market and an essential measure for the "law-based, all-around and strict" regulation, the Detailed Rules is of great and far-reaching significance in guiding rational investment, protecting investors' rights and interests and maintaining the market order. Since the implementation of the Detailed Rules, the shareholders, directors, supervisors and senior executives have reduced their shareholding in an orderly and transparent way, and the shareholding lessening has been stable in the market on the whole; The loophole in the "bridge-crossing" shareholding lessening (Some major shareholders transfer shares by way of block trading, and then relevant receivers sell the shares on the secondary market) has been mended in the block trade, with the average daily shareholding lessening in the block trade at RMB220 million on the SSE, down by 41% from the daily average of RMB370 million before the implementation of the Detailed Rules; the "reckless" shareholding lessening by the directors, supervisors and senior executives has been alleviated, with the average daily shareholding reduction by directors, supervisors and senior executives at RMB12 million after the implementation of the Detailed Rules, shrinking by 31.42% compared with the daily average of RMB17 million before the implementation.

  • Former Head Of Barclays New York Foreign Exchange Operation Indicted For Orchestrating Multimillion-Dollar Front-Running Scheme

    Date 17/01/2018

    The former head of Barclays Capital Inc.’s (Barclays) New York foreign exchange trading operation was charged yesterday in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as “front-running.”  The charges relate to the manipulation of foreign exchange options in advance of an exceptionally large trade by the Palo Alto, California-based Hewlett-Packard Company (HP) in 2011.

  • CalPERS Board Elects Priya Mathur As President, Rob Feckner As Vice President

    Date 17/01/2018

    The CalPERS Board of Administration elected Priya Mathur as board president and Rob Feckner as vice president. Mathur is the first female elected president of the CalPERS board. This will be her first term.

  • CME Group Announces Henry Hub Natural Gas Futures All-Time Daily Volume Record, Surpassing 1 Million Contracts

    Date 16/01/2018

    CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached a daily trading volume record for Henry Hub Natural Gas futures on January 12, 2018, of 1,022,858 contracts - surpassing the 1 million milestone for the first time. The previous single-day trading volume record was 995,129 contracts set on January 11, 2018.

  • Remarks At Ceremonial Swearing In Of SEC Commissioners Hester M. Peirce And Robert J. Jackson, Jr., Jay Clayton Chairman

    Date 16/01/2018

    Good Morning. 

    I hope that everyone had a very nice weekend and enjoyed the holiday on which we commemorate the life and contributions of Dr. Martin Luther King, Jr.

    I note that this August will be the 55th anniversary of Dr. King’s “I Have A Dream” speech here in Washington and April will be the 50th anniversary of his death at age 39.

    His lasting impact on America is remarkable and even more remarkable in the context of his short life with us. It is amazing the difference one person can make.

  • PennantPark Management Opens Trading At The TASE To Mark Dual Listing And Bond Issue

    Date 16/01/2018

    This morning the management of PennantPark Floating Rate Capital opened trading on the Tel Aviv Stock Exchange in honor of the company's dual listing on the Exchange. The company is subject to the regulation governing business development companies supervised by the U.S. Securities and Exchange Commission and engages in extending floating rate loans to middle-market companies (generally companies with EBITDA of $10 million to $50 million),mostly in the U.S.

  • FIA: December 2017 SEF Tracker

    Date 16/01/2018

    Total trading volume on SEFs averaged $468.7 billion in notional value per day during the month of December, down 21.0% from the previous month but up 9.3% from December 2016. The decrease in trading volume was driven mainly by a drop in on-SEF trading of interest rate swaps, which was down 18.9% from November 2017 but up 10.8% from December 2016. Credit default swap trading reached its lowest level in more than a year, falling to just $12.68 billion in average daily notional value traded in December.

  • DTCC Appoints Tim Lind As Head Of Data Services - Industry Veteran To Oversee The Growth And Evolution Of The firm’s Data Services

    Date 16/01/2018

    The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Timothy Lind, former Global Head of Financial Regulatory Solutions at Thomson Reuters, has joined the firm as Managing Director of DTCC Data Services. Mr. Lind will be responsible for guiding the firm’s data businesses, including services that leverage the vast amounts of data derived from DTCC’s global processing platforms while ensuring on-going alignment with all risk management and regulatory requirements. 

  • ESMA And EBA To Hold Joint Open Hearing On Securitisation Regulation

    Date 16/01/2018

    The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) will hold a joint public hearing on the new EU Securitisation Regulation. The hearing will cover the two ESAs’ recently published consultation papers on draft regulatory technical standards (RTS) under the Securitisation Regulation.

  • "A Stellar Year" - Irish Stock Exchange Publishes 2017 Review

    Date 16/01/2018

    - “A stellar year for the ISE…our landmark acquisition by Euronext is the start of a new chapter of great opportunity” – ISE CEO, Deirdre Somers  

    - ISE ranked #1 for bond and investment fund listings worldwide with >36,700 securities listed
    - World’s largest ever sukuk listing, sovereigns, green bonds, banks, European, Middle East, North and Latin American, Chinese corporates among 10k new debt listings
    - €5.1bn equity funds raised including AIB, the largest IPO in Europe in 2017
    - 12 new companies start oversubscribed ISE’s #IPOready leadership programme
    - ISEQ rises by 8% and equity turnover records sixth consecutive year of growth