News Centre

FINRA Sanctions Morgan Stanley $13 Million In Fines And Restitution For Failing To Supervise Sales Of UITs

Date 25/09/2017

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Morgan Stanley Smith Barney LLC $3.25 million and required the firm to pay approximately $9.78 million in restitution to more than 3,000 affected customers for failing to supervise its representatives’ short-term trades of unit investment trusts (UITs).

FastMatch Launches FX Tape - Global Consolidated Tape For FX Spot Market To Improve Transparency For Investors

Date 25/09/2017

FastMatch, Inc., the fastest growing FX spot market operator, which operates as a Euronext company since August 2017, announced today the launch of FX Tape. This new and innovative market data product will improve post-trade transparency in FX markets and allow market participants to monetize their trading data. FX Tape will also serve as a central reference point for Spot FX transacted prices helping market participants evaluate best execution performance.

MARF Registers A Bond Issue By Grupo BATLE - With A Value Of €30 Million, A Term Of 7 Years And A 4% Coupon

Date 25/09/2017

The Mercado Alternativo de Renta Fija (MARF) has registered a bond issue by Cadena Mar -Group Batle- aimed at financing  the construction of two new hotel complexes which the company will develop in Playa Mujeres, Cancún (Mexico), as part of the company’s international expansion plan that it is carrying out in the Caribbean area.

EEX New Participant: MND a.s.

Date 25/09/2017

MND a.s. has been admitted to exchange trading for Phelix Futures/Options, Nordic Financial Power Futures/Options, French Financial Power Futures/Options, Italian Financial Power Futures/Options, Spanish Financial Power Futures/Options, Swiss Financial Power Futures, Belgian Financial Power Futures, Dutch Financial Power Futures, Greek Financial Power Futures, PXE Romanian Financial Power Futures, PXE Polish Financial Power Futures, PXE Slovakian Financial Power Futures, PXE Hungarian Financial Power Futures, PXE Czech Financial Power Futures.

Borsa Istanbul: Periodic Review For The BIST-KYD Corporate Eurobond Indices For The Period October 2017 Has Been Finalized

Date 25/09/2017

In accordance with the article 3.3. of BIST-KYD Indices Ground Rules, periodic review for the BIST-KYD Corporate Eurobond Indices for the period October 2017 (October 2, 2017–October 31, 2017) has been finalized. There is not any Eurobond to be included in or excluded from the BIST-KYD Corporate Eurobond USD and BIST-KYD Corporate Eurobond USD (TRY) Indices and they will continue to be calculated with the same list of constituents in the period October 2017.

CFTC Orders Citibank, N.A. And London-Based Citigroup Global Markets Limited To Pay A $550,000 Penalty For Swap Data Reporting Violations Involving Legal Entity Identifier Information And Related Supervision Failures

Date 25/09/2017

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Citibank, N.A. (CBNA) and Citigroup Global Markets Limited (CGML) (collectively, Citi), for failing to report Legal Entity Identifier (LEI) information for swap transactions properly to a Swap Data Repository (SDR), failing to establish the electronic systems and procedures necessary to do so, failing to correct errors in LEI data previously reported to an SDR, and failing to perform supervisory duties diligently with respect to LEI swap data reporting, all in violation of CFTC Regulations.

OASIS Investment Strategies Broadens Services To Meet Cash, Collateral And Margin Management Needs Of All Types Of Financial Institutions

Date 25/09/2017

Chicago-based OASIS Investment Strategies, LLC, the cash management affiliate of R.J. O’Brien & Associates (RJO), announced today that it has now opened its global cash, collateral and margin management service to all types of financial institutions with excess cash on deposit.

Farewell Address Of CFTC Commissioner Sharon Y. Bowen At The Institute Of International Economic Law At The Georgetown University Law Center

Date 25/09/2017

Introduction

Thank you for the kind introduction and the opportunity to express my personal views, which, as you know, are not necessarily those of the other Commissioners or staff. I am delighted to be here and want to say a few words about the Institute of International Economic Law. Founded in 1999 by the late John Jackson, the Institute has grown beyond its initial focus on international trade. Professor Chris Brummer, the Director of the Institute, is focused on the next phase of the Institute’s growth. In doing so, under Professor Brummer’s leadership, the Institute is proactively addressing crucial challenges facing international legal and policy affairs before us. These range from “globalization and its backlash, sanctions, sustainable economic growth, and financial technology, data and automation.” I have no doubt that Professor Brummer is ready to meet and address those challenges. On a personal note, I want to thank Chris for his leadership and commitment in addressing these critical issues. And I thank the Institute for the work it does and for providing such an impactful platform for discourse.

Shawn McLoughlin Appointed CEO Of BGC Financial, Americas

Date 25/09/2017

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today announced that Shawn McLoughlin is being appointed CEO of BGC Financial for the Americas region, effective immediately. McLoughlin brings to the role more than 30 years of experience in the financial services industry.

Dragan Radanovic Appointed Member Of The Management Board At Boerse Stuttgart Supervisory Board - Fills Vacant Position On Management Boards Of Boerse Stuttgart GmbH And EUWAX AG

Date 25/09/2017

Dragan Radanovic (40) will take up the positions of Member of the Management Board at Boerse Stuttgart GmbH and EUWAX AG on 1 October 2017. The appointments were confirmed at Thursday’s meeting of the two companies’ supervisory boards. In his new roles, Dragan Radanovic will have executive responsibility for the markets and exchange operations division. He will succeed Ralph Danielski, who stepped down from both positions on 30 September 2017 to pursue new career challenges.