News Centre

HKEX CEO Charles Li: Latest Charles Li Direct: Three Steps To Developing Our Fixed Income And Currency Business

Date 24/05/2016

HKEX kicked off its third annual RMB FIC Conference today, and to coincide with the conference CEO Charles Li has published his thoughts on how Hong Kong can develop a comprehensive FIC ecosystem.

In Li’s view, a truly successful financial centre needs to be able to price companies, goods, and money.  Hong Kong is already a leader in equities, and is gaining a solid footing in commodities.  But HKEX’s FIC business is just at the beginning stages, so Li has outlined three key steps necessary to develop the FIC market. They include building the right platform, having the right products, and developing cross-market connectivity. Read more now.

MAS Directs BSI Bank To Shut Down In Singapore

Date 24/05/2016

The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management oversight of the bank’s operations, and gross misconduct by some of the bank’s staff.

FIA President And CEO Walt Lukken Statement On NFA President Dan Roth's Retirement

Date 24/05/2016

Upon the announcement that National Futures Association (NFA) president and CEO Dan Roth is retiring, FIA President and CEO Walt Lukken released the following statement thanking him for his service to the industry:

“During his three decades at NFA, Dan has been a pillar of our industry, committed to efficient markets that operate with transparency and integrity.  In his tenure as CEO, our industry has undergone extraordinary changes, and Dan’s vision and leadership helped make that transition as smooth as possible. I’ve had the privilege of working with him in a variety of roles and I value his expertise and counsel. While I congratulate him on his retirement, I’m sad to see him go.  Oh behalf of FIA and our membership, I thank him for his service and I wish him all the best.” 

Deutsche Asset Management To Switch Three ETFs To The Bats ETF Marketplace From NYSE Arca - Becomes Third Issuer To Switch Listings To Bats

Date 23/05/2016

Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today announced that Deutsche Asset Management is switching the primary listing of three funds to the Bats ETF Marketplace from NYSE Arca on or about June 9, 2016.

National Futures Association CEO Daniel Roth To Retire - Board Begins Search For Successor

Date 23/05/2016

NFA announced today that President and CEO Daniel Roth has announced his plan to retire in the coming year. NFA's Board of Directors has authorized the formation of a committee to conduct a search for his successor. The search will consider both internal and external candidates.

Remarks From The 2016 FINRA Annual Conference, Richard G. Ketchum, FINRA Chairman And Chief Executive Officer, Washington, DC, May 23, 2016

Date 23/05/2016

Commerce and Compliance: It’s Not a Culture War

Good morning and welcome to FINRA’s Annual Conference, this year is notable in several ways, including the quality of the program and roster of speakers and attendees. Each year when we come together for this conference, we discuss and debate top regulatory concerns, as well as a range of issues affecting our industry, with the overarching goal of continuously supporting and refining compliance in financial services. One of the most significant developments this year in our collective mission is the evolving fiduciary landscape and what it means for how firms deliver retirement-savings advice. Wherever you stand on the wisdom of DOL’s rule, the fiduciary evolution in many ways gets to the heart of how firms interact with clients—the delivery of products and services that defines the essential qualities of a firm—its motivations and priorities. In a word: culture.

SIFMA Develops Model Documents For Compliance With New MSRB Rule G-42

Date 23/05/2016

SIFMA has developed a suite of model documents designed to aid municipal advisors in compliance with new MSRB Rule G-42, on duties of non-solicitor municipal advisors.  The Rule will be implemented on June 23.  SIFMA is issuing the documents as exposure drafts, and is open to industry feedback through the end of this month, at which time they will be finalized.

Montréal Exchange Closed - Victoria Day

Date 23/05/2016

The Exchange's offices and markets are closed today, May 23, 2016 (Victoria Day).

Hellenic Exchanges S.A. First Quarter 2016 Financial Results - EUR1.9m Net After Tax Profits

Date 23/05/2016

The consolidated net after tax profits of the Athens Exchange Group amounted to EUR1.9m vs. EUR4.1m in the first quarter (Q1) of 2015, reduced by 54%. The net after tax profits per share, which include the securities valuation differences and related taxes, amounted to EUR0.02 vs. EUR0.05 over the corresponding period last year.

Irish Stock Exchange CEO, Deirdre Somers, Speaks At The ICMA Conference In Dublin

Date 23/05/2016

The Irish Stock Exchange (ISE) CEO, Deirdre Somers, spoke at the International Capital Markets Association (ICMA) Conference in Dublin’s Convention Centre today.  Deirdre spoke on a panel about how fixed income markets have evolved since the financial crisis, the impact of electronification on liquidity in debt capital markets and on business models.