News Centre

Third Annual FTSE Russell Survey Signals Smart Beta Turning Point For Asset Owners

Date 25/05/2016

• 72% of asset owners are using or actively evaluating smart beta
• 62% with existing smart beta allocations evaluating additional indexes
   
• Percentage using five or more smart beta indexes up 10 fold in 2 years
  
• Europe leads in smart beta index adoption

Maitland Opens New Miami Office - Maitland’s Latin American Business Continues To Expand

Date 25/05/2016

Maitland, the global advisory and fund administration firm, has opened a new office in Miami. The office will provide Maitland’s LatAm team with a regional base, giving their growing private and institutional client base access to on-the-ground support. The new office is Maitland’s 15th across 12 countries.

Nigerian Stock Exchange Receives HR People Magazine 2016 Employer Of Choice Award

Date 25/05/2016

The Nigerian Stock Exchange (“NSE” or “The Exchange”) is pleased to announce that it has been awarded by the HR Peoples Magazine 2016 with the Employer of Choice Award in the Under 1,000 Employees category. 

CFTC Orders Citibank, N.A. And Japanese Affiliates To Pay $175 Million Penalty For Attempted Manipulation Of Yen LIBOR and Euroyen TIBOR, and False Reporting of Euroyen TIBOR And U.S. Dollar LIBOR - Citibank, N.A. Has Been Subject To Three CFTC Enforcement Actions For Benchmark Abuses (FX, ISDAFix, And LIBOR) Imposing A Total Of $735 Million In Penalties And Requiring Extensive Remediation

Date 25/05/2016

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Citibank, N.A. (Citi); Citibank Japan Ltd. (CJL); and Citigroup Global Markets Japan Inc. (CGMJ) (collectively, Citi and its affiliates) relating to abuses of the London Interbank Offered Rate (LIBOR) and the Euroyen Tokyo Interbank Offered Rate (Euroyen TIBOR) benchmarks. Specifically, CGMJ is charged with attempting to manipulate Yen LIBOR and Euroyen TIBOR, and CJL with false reporting of Euroyen TIBOR, to benefit derivatives trading positions that were priced based on Yen LIBOR or Euroyen TIBOR. Separately, Citi is charged with the false reporting of U.S. Dollar LIBOR at times to avoid generating negative media attention and to protect its reputation during the financial crisis from the spring of 2008 through the summer of 2009.

BGC Partners Announces Pricing Of $300 Million Of 5.125% Senior Notes Due 2021

Date 25/05/2016

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company") today announced the pricing of its offering of $300 million aggregate principal amount of 5.125% senior notes (the "notes").

Ipreo And Misys Partner On Integrated Syndicated Loan Solution - Companies To Build Advanced Integration Layer Between Debtdomain And Misys Fusionbanking Loan IQ, Offering Straight-Through-Processing For Loan Arrangers And Administrative Agents

Date 25/05/2016

Ipreo, a premier global provider of market intelligence and productivity solutions to financial services and corporate professionals, and Misys, a global financial software company, have announced the signing of an agreement whereby the two companies will integrate Debtdomain and Misys FusionBanking Loan IQ – market-leading software solutions for syndicated loan arrangers and agents.

KDPW Is the Global Leader Of LEI Data Quality

Date 25/05/2016

KDPW is the global leader in data quality of issued LEIs according to the report published in May by the Global LEI Foundation responsible for management of the Global LEI System.

From June's Trading Places: Risk APIs: A Step In The Right Direction - Mirko Marcadella, Managing Director, The Technancial Company Ltd

Date 25/05/2016

I’ve worked in the financial markets for 25 years, within this time I have seen the sector change dramatically as a direct result of electronic trading, which was introduced back in the 90s. The pace at which the change has affected our industry has been slower than in other less regulated environments, but still market competitiveness is forcing innovation to thrive. The introduction of machines which reduce or substitute the need for human involvement in the trading process is a fact ever more present in certain asset classes than in others. Over time, exchanges have adopted market microstructures that incentivised electronic trading and as a result, more than 60% of trading volumes in equities are managed by machines today. Order sizes have reduced progressively over time, however, the order frequency has dramatically increased, adding to the continuous message volume growth that needs to be handled, processed and stored. Big Data technology, originally developed and successfully utilised in other industries, has transitioned into our arena where it has been largely adopted by financial markets to cope with the growing demand of data management within this information greedy industry. Machine learning and artificial intelligence (AI) is playing a more common role, where it not only implements trading systems but monitors and detects misbehaviours, more commonly known as market abuse. The financial industry is a highly regulated organism, in which the rules and guidelines must constantly keep pace with innovation by introducing measures to protect market participants and investors. Most of the time regulation corrects distortions of the system, with these new rules serving to re-establish trust after, for example, a major incident or even worse a financial crisis.

KDPW CEO Iwona Sroka Elected To ECSDA Executive Committee

Date 25/05/2016

The CEO of Krajowy Depozyt Papierów Wartościowych Ms Iwona Sroka has been re-elected to the Executive Committee of the European Central Securities Depositories Association (ECSDA) by ECSDA members (39 representatives of European CSDs) at the General Meeting in Warsaw on 20 May 2016.

SGX Enters Into Exclusive Discussions With The Baltic Exchange

Date 25/05/2016

Singapore Exchange Limited (SGX) wishes to announce that it has entered into an agreement with The Baltic Exchange Limited (Baltic Exchange) through which SGX will enter into exclusive discussions with the Baltic Exchange regarding a cash offer for 100% of the share capital of the Baltic Exchange (Transaction). This follows SGX’s announcement on 26 February 2016 that it had submitted a non-binding bid for the acquisition of the Baltic Exchange. The period of exclusivity will commence on 25 May 2016 and expire on 30 June 2016.