News Centre

Convergex Launches Its "Blueprint For Growth"

Date 25/05/2016

Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce the official launch of its "Blueprint for Growth." This thought leadership initiative reinforces the firm's innovation and how it consistently strives to align its goals with those of its clients.  The document highlights Convergex's strong foundation and its three main client focused goals including finding liquidity, providing best execution and delivering a great customer experience.

Nigerian Stock Exchange Admitted To Gold Community Of Global Reporting Initiative, Set To Hold 2nd Sustainability Seminar

Date 25/05/2016

The Nigerian Stock Exchange (“The Exchange” or “the NSE”) today announced that it has been admitted into the GRI Gold Community by Global Reporting Initiative (GRI). The GRI is is an international independent organization that helps businesses, governments and other organizations understand  and  communicate  the  impact  of  business  on  critical  sustainability  issues  such  as  climate change, human rights, corruption and many others.

CFTC Orders Citibank To Pay $250 Million For Attempted Manipulation And False Reporting Of U.S. Dollar ISDAFIX Benchmark Swap Rates - Today’s Action Is The CFTC’s Second Enforcement Action For The Attempted Manipulation And False Reporting Of ISDAFIX Benchmark Rates

Date 25/05/2016

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Citibank, N.A. (Citibank or the Bank).  The CFTC Order finds that, beginning in January 2007 and continuing through January 2012 (the Relevant Period), Citibank on multiple occasions attempted to manipulate, and made false reports concerning, the U.S. Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for interest rate products.

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.