News Centre

SEC: Citigroup Paying $18 Million For Overbilling Clients

Date 26/01/2017

The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay $18.3 million to settle charges that it overbilled investment advisory clients and misplaced client contracts.

CFTC Orders Chicago-based E*TRADE Securities LLC And E*TRADE Clearing LLC To Pay A $280,000 Civil Monetary Penalty For Failure To Retain Required Records And Failure To Diligently Supervise

Date 26/01/2017

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against E*TRADE Securities LLC (E*TRADE Securities), an Introducing Broker, and E*TRADE Clearing LLC (E*TRADE Clearing), a Futures Commission Merchant, for non-compliance with applicable record-keeping rules and failure to diligently supervise. Both entities have their headquarters in Chicago, Illinois.The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against E*TRADE Securities LLC (E*TRADE Securities), an Introducing Broker, and E*TRADE Clearing LLC (E*TRADE Clearing), a Futures Commission Merchant, for non-compliance with applicable record-keeping rules and failure to diligently supervise. Both entities have their headquarters in Chicago, Illinois.The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against E*TRADE Securities LLC (E*TRADE Securities), an Introducing Broker, and E*TRADE Clearing LLC (E*TRADE Clearing), a Futures Commission Merchant, for non-compliance with applicable record-keeping rules and failure to diligently supervise. Both entities have their headquarters in Chicago, Illinois.The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against E*TRADE Securities LLC (E*TRADE Securities), an Introducing Broker, and E*TRADE Clearing LLC (E*TRADE Clearing), a Futures Commission Merchant, for non-compliance with applicable record-keeping rules and failure to diligently supervise. Both entities have their headquarters in Chicago, Illinois.

SEC Charges Two Former Och-Ziff Executives With FCPA Violations

Date 26/01/2017

The Securities and Exchange Commission today charged two former executives at Och-Ziff Capital Management Group with being the driving forces behind a far-reaching bribery scheme that violated the Foreign Corrupt Practices Act (FCPA).

SEC’s Short Interest Disclosure Timetable Hits The Sweet Spot For Market Efficiency, Says Oxford Academic

Date 26/01/2017

Requiring short-sellers to disclose their positions more often is a better policy approach than imposing restrictions and bans, research from Saïd Business School, University of Oxford, has found. But too frequent disclosure could have a negative effect on market efficiency.

Saudi Stock Exchange -Tadawul - Announces The Enhanced Framework Of Tradable Rights

Date 26/01/2017

The Saudi Stock Exchange “Tadawul” announces that the enhanced framework for trading and subscribing to Rights of listed companies shall be applied in the next batch of offerings to increase capital through rights issue.

TORA Opens European Regional Office And Makes Senior Appointment

Date 26/01/2017

TORA, provider of the industry’s most advanced investment management platform, today announced the expansion of its European presence and the hiring of David Tattan as Head of European Business Development. Based in the company’s new regional headquarters in Jersey, Channel Islands, David is joining TORA in response to the growing demand for its integrated investment technology solution. He will be working with Chris Jenkins, who is overseeing the European expansion.

The Promise Of FinTech – Something New Under The Sun? - Speech By Mark Carney, Governor Of The Bank Of England, Chair Of The Financial Stability Board

Date 26/01/2017

The Governor’s speech, given in his capacity as Financial Stability Board (FSB) Chair, recognises fintech’s huge potential for making the financial system more inclusive, efficient, effective and resilient. He considers the challenge for financial stability policymakers: ensuring that fintech develops in a way that maximises these opportunities and minimises risks for society. The Governor goes on to set out how the FSB is approaching the challenge of managing fintech’s impact on financial stability so that its full potential can be realised.  

Moscow Exchange Indices Annual Review 2016

Date 26/01/2017

In 2016, the MICEX Index was up 26.76% to 2,232.72 (from 1,761.36 on 30 December 2015), while the dollar-denominated RTS Index rose 52.22% to 1,152.33 (from 757.04).

Hong Kong's Securities And Futures Commission Reprimands And Fines North Sea Securities Limited $700,000

Date 26/01/2017

The Securities and Futures Commission (SFC) has reprimanded North Sea Securities Limited (North Sea) and fined it $700,000 for failing to put in place proper controls to monitor and supervise employee dealings, in breach of the Code of Conduct.

China Exchanges Services Company Annual Index Report 2016

Date 26/01/2017

Highlights

• Hong Kong stocks outperformed Mainland A shares in 2016. CES A80 and CES SCHK100 were down 6.1 per cent and 1 per cent respectively while cross-border CES 120 was resilient, up 0.2 per cent.
• Shenzhen Connect officially kicked off, resulting in a huge market of RMB70 trillion comprising Hong Kong, Shanghai and Shenzhen stocks. CES 300, which fully reflects the performance of eligible stocks under the Connect programme, shed 1.9 per cent.
• CES G10 gained 27.7 per cent during the year and had a risk-adjusted yield of 0.9, which was higher than those of broad base indices.
• Taiwan stocks were Asia’s best performers with a cumulative gain of 11 per cent in the whole of 2016. Mainland A shares were the worst performing, with CSI 300 retreating 11.3 per cent.
• The RMB was added to the IMF’s Special Drawing Rights (SDR) basket, which already included USD, EUR, JPY and GBP.
• Open interest of HKEX’s USD/CNH futures hit an all-time high of 45,635 contracts.
• Offshore ETFs on physical A shares are mainly issued in Hong Kong and now have total assets amounting to more than RMB28 billion.
• Singapore’s A-share index futures saw no growth, with full-year trading volume down 18 per cent from 2015.