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Stephen Luparello, Director, SEC Division Of Trading And Markets - Before The United States Senate Committee On Banking, Housing, And Urban Affairs Subcommittee On Securities, Insurance, And Investment, March 3, 2016

Date 03/03/2016

Chairman Crapo, Ranking Member Warner, and Members of the Subcommittee:

Thank you for inviting me to testify on behalf of the U.S. Securities and Exchange Commission (SEC or Commission) regarding equity market structure. I welcome this opportunity to discuss with you a topic of such importance to investors, public companies, our securities markets, and capital formation.

SWIFT India Goes Live - The Community Comes Together To Celebrate At The Go-Live Ceremony

Date 03/03/2016

SWIFT India Domestic Services Pvt Ltd (“SWIFT India”) celebrates today its go-live ceremony. SWIFT India is a joint venture created by SWIFT SCRL (Society for Worldwide Interbank Financial Telecommunication), the global banking cooperative, and nine partner banks to address domestic market needs of the Indian financial services industry.

Gunvor Completes Sale Of Novorossiysk Terminal

Date 03/03/2016

Gunvor Group, one of the world's largest independent commodities trading houses, has completed the sale of the Novorossiysk Fuel Oil Terminal to a subsidiary of OJSC Transneft. Gunvor, which built the terminal as a greenfield project, owned a 50 percent stake. The terms of the sale were not disclosed.

GPW Introduces New Single-Stock Futures

Date 03/03/2016

• As of 4 March 2016, GPW introduces to trading new futures on the stock of Eurocash S.A., a company listed on the Main Market

Hong Kong's Securities And Futures Commission Stresses Accurate, Clear And Balanced Disclosure Of Inside Information - Cooperation Will Bring Tier 1 Clearing Solution To A Wider Audience

Date 03/03/2016

The Securities and Futures Commission (SFC) today published the latest issue of its Corporate Regulation Newsletter reminding listed companies to disclose inside information in an accurate, clear and balanced manner and to ensure equal, timely and effective access by the public (Note 1). 

Nigerian Stock Exchange, DMO, STANBIC IBTC Stockbrokers To Hold Workshop On Fixed Income

Date 03/03/2016

In line with its commitment to improve the capacity of its members and deepen investors participation in bonds, The Nigerian Stock Exchange (“The Exchange” or “NSE”) in conjunction with the Debt Management Office (DMO) and Stanbic IBTC Stockbrokers Limited (SISL) is set to organize the 2016 edition of its Fixed Income Workshop on Saturday, March 5, 2016 at the NSE.

Palestine Securities Exchange Monthly Investor Newsletter - February 2016

Date 03/03/2016

Click here to download the February edition of the PEX Monthly Investor Newsletter.

Ipreo And Symbiont Partner In Industry Blockchain Initiative - Smart Contracts To Dramatically Reduce Loan Settlement Time

Date 03/03/2016

Ipreo and Symbiont announced today that they are creating a new company to overhaul antiquated and costly manual processing in the $3 trillion global syndicated loans market. By integrating Ipreo’s latest loan settlement platform and Symbiont’s smart contracts, the new business will deliver fully-automated settlement and maintenance, generating tens of millions of dollars in potential annual savings.

Statement Of CFTC Commissioner Sharon Y. Bowen Regarding Regulation Of Residual Interest

Date 03/03/2016

Thank you. It’s good to be here this morning to discuss our regulation governing residual interest. Along with the rest of my colleagues, I’m eager to hear the assembled experts discuss the substance of this rule. First though, I wanted to make a few opening remarks to remind us all of how we got to this point. In late 2013, following the collapse of notable FCMs due to inadequate funds, the CFTC promulgated new regulations that were aimed at increasing customer protection requirements on FCMs. One of the regulations in that package required that “an FCM had to maintain their own capital . . . in customer segregated accounts in an amount equal to or greater than its customers’ aggregate under-margined amounts.”1 In other words, we were requiring that FCMs had adequate money to cover customers if they had insufficient money in their own accounts. This reserve money is what we call residual interest, and it is a key protection for consumers. Absent this requirement, there is increased danger that an FCM will not be able to cover customers’ margin in the moment, and FCMs and their customers will be at risk of more FCMs failing unexpectedly. The fact that this is a protection for consumers and investors should remain in the front and back of our minds at this discussion.

Euronext Announces Volumes For February 2016

Date 03/03/2016

Euronext, the leading exchange in the Eurozone, today announced trading volumes for February 2016.