News Centre

OCC Says Pre-Trade Risk Controls Add Resiliency To Markets

Date 14/07/2016

Saying its proposed rule change to the U.S. Securities and Exchange Commission (SEC) on pre-trade risk controls served as a catalyst to spur significant change in the listed equity options market, OCC, the world’s largest equity derivatives clearing organization, today said it is withdrawing the proposal.

Tullett Prebon And ICAP Restructure Transaction After U.S. Justice Department Expresses Concerns About Interlocking Directorates

Date 14/07/2016

The Department of Justice announced today that the restructuring of the $1.5 billion transaction between Tullett Prebon Group Ltd. (Tullett Prebon) and ICAP plc addresses the Department’s concerns that the transaction would violate Section 8 of the Clayton Act by creating an interlocking directorate.  An interlocking directorate is where one person – or an agent of one person or company – sits on the board of directors of two competitors.

Moscow Exchange: Risk Parameters Change For The Securities

Date 14/07/2016

The following risk parameters for the securities RSTI, RSTIP will be changed:

Readout From A Treasury Spokesperson Of U.S. Treasury Secretary Jacob J. Lew’s Meeting With U.K. Chancellor Of The Exchequer Philip Hammond

Date 14/07/2016

U.S. Treasury Secretary Jacob J. Lew met today with new Chancellor of the Exchequer Philip Hammond.
 
Secretary Lew began the meeting by congratulating Chancellor Hammond on his recent appointment and said he looked forward to working closely with the Chancellor and his colleagues to ensure continued economic stability, security, and prosperity in UK, Europe, and beyond. 

SEC Charges Investment Adviser With Failing To Clearly Disclose Additional Costs To Investors

Date 14/07/2016

The Securities and Exchange Commission today announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled together.

Moscow Exchange: Risk Parameters For New Bonds

Date 14/07/2016

New bonds will be accepted to margin trading starting from July 15, 2016. From this date on, the following risk parameters will be applied:

EBA Notes Progress In Convergence Of Supervisory Practices Across The EU

Date 14/07/2016

The European Banking Authority (EBA) published today its second annual Report on the convergence of supervisory practices across the EU. The Report, which is addressed to the EU Parliament and the Council, reviews consistency in the application of the Supervisory Review and Evaluation Process (SREP) and supervisory practices in the assessment of recovery plans. The EBA's work in supervisory convergence is designed to foster comparable approaches and consistent outcomes in applying the Single Rulebook. This is necessary for a level playing field, effective supervision of cross border groups, and to identify supervisory best practices. 

BME Celebrates Its 10th Anniversary As A Listed Company

Date 14/07/2016

• The TSR (Total Shareholder Return) of BME received by a shareholder who invested in our public offering attained 115% over these 10 years.
• More than 1.5 billion euros in dividends during this period
• The Spanish stock market has provided more funding to companies than any other exchange in the world, with over 460 billion dollars

HDFC Lists World's First Masala Bond By An Indian Corporate On London Stock Exchange

Date 14/07/2016

• HDFC is first ever Indian corporate to list Masala bond, chooses London Stock Exchange for landmark issuance
• Rupee denominated bond raises INR 30 billion (USD 450 million equivalent), with 8.33% annual yield, attracting global investor support
• Listing first announced during Prime Minister Narendra Modi’s visit to London in 2015
• Confirms London Stock Exchange’s position as leading international listing venue for Indian finance

U.S. Corporate And Muni Debt Issuance To Hold Steady, CUSIP Requests Show - Pre-Trade Municipal Bond Activity Edges Higher In June

Date 14/07/2016

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for June 2016.  The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a steady issuance of new corporate and municipal debt offerings over the next several weeks.