News Centre

EBA Consults On Guidelines On Professional Indemnity Insurance Or Comparable Guarantee For Payment Initiation And Account Information Services Providers

Date 22/09/2016

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the criteria Competent Authorities should consider when stipulating the minimum monetary amount of the professional indemnity insurance (PII) or comparable guarantee for payment initiation and account information service providers under the revised Payment Service Directive (PSD2).

CFTC Charges Jamal Y. Vance And His Company All City Investments, LLC With Solicitation Fraud In Connection With Off-Exchange Foreign Currency Transactions And Failure To Register As A Commodity Trading Advisor

Date 22/09/2016

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Jamal Y. Vance and All City Investments, LLC (All City), charging Defendants with solicitation fraud in connection with off-exchange foreign currency (forex) transactions and with failure to register as Commodity Trading Advisors (CTAs) with the CFTC as required. Vance’s last known address is in Orlando, Florida, and All City has a principal place of business in Dallas, Texas.

EBA Consults On Technical Standards On Fee Terminology And Disclosure Documents Under The Payment Accounts Directive

Date 22/09/2016

The European Banking Authority (EBA) published today a consultation paper on draft technical standards setting out the standardised terminology for services linked to a payment account, the standardised format and common symbol of both the fee information document (FID) and the statement of fees (SoF). These technical standards are aimed at enhancing the comparability of fees through standardised terminology and disclosure documents across the European Union. This will allow consumers to compare offers from different payment services providers and to make informed decisions on the payment account that best suits their needs.

NovitasFTCL Advises The Shareholders Of Neonet On Its Sale To KCG

Date 22/09/2016

We are pleased to announce that NovitasFTCL acted as exclusive financial adviser to the shareholders of Neonet (including Hay Tor Capital, KAS BANK and Nordic Capital/Cidron Delphi Intressenter) in its sale to KCG. This is the third sale of a European business to a US buyer that we announce so far in 2016, following the Risk Intelligence Ireland/Verisk Analytics and AlgoSpan/Pico transactions.

smartTrade Technologies Launches smartAnalytics A Cross-Asset Big Data Analytics Solution

Date 22/09/2016

smartTrade Technologies, a multi-asset electronic trading solutions pioneer, announces today the launch of smartAnalytics, a cross-asset big data analytics solution.

Global Economic Tsunamis: Coincidence, Common Shocks Or Contagion? Speech Given By Kristin Forbes, External MPC Member, Bank Of England, At Imperial College, London

Date 22/09/2016

Kristin explores why countries are sometimes highly vulnerable to major events that occur outside their borders, while at other times seem fairly immune. Why do some negative events turn into global tsunamis – while others are just local ripples?

Read the full speech

IPC Provides Secure Access To Argentina's Financial Markets

Date 22/09/2016

IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community today announced that it continues to expand its financial marketplace in Latin America by enabling global market participants to trade in Argentina with the IPC Financial Markets Network. The IPC Financial Markets Network (FMN) is a managed network-as-a-service solution that offers an established ecosystem of sell-side firms, buy-side firms, inter-dealer brokers, liquidity venues, energy firms, trade lifecycle services, market data providers and clearing/settlement firms. The FMN provides thousands of sub-ecosystems throughout the trade lifecycle and across asset classes – equities, fixed income, currencies, commodities, and their derivatives -- futures, options, forwards and swaps.

Testimony Of US Treasury Secretary Jacob J. Lew Before The House Financial Services Committee

Date 22/09/2016

Chairman Hensarling, Ranking Member Waters, and members of the Committee, thank you for the opportunity to testify today regarding the 2016 annual report of the Financial Stability Oversight Council.

Thomson Reuters Strengthens Buy-Side Trading Capabilities With REDI Acquisition - Acquisition Allows Thomson Reuters To Offer Advanced, Broker-Neutral, Cross-Asset Trade Execution Capabilities For The Buy-Side Trading Community

Date 22/09/2016

Thomson Reuters has signed a definitive agreement to acquire REDI Holdings, a trading technology pioneer whose flagship REDIPlus execution management system (EMS)  provides advanced cross-asset class trading capabilities to the buy-side. The acquisition is expected to close by the end of Q4 subject to customary closing conditions including regulatory approvals.

SIX Swiss Exchange: Bringing Companies And Investors Together

Date 22/09/2016