News Centre

Hong Kong Court Of First Instance Finds Two Solicitors Engaged In Insider Dealing And Fraud Or Deception

Date 15/01/2016

The Court of First Instance today found that two solicitors, Mr Eric Lee Kwok Wa and Ms Betty Young Bik Fung, and Eric Lee’s sister, Ms Patsy Lee Siu Ying, contravened the Securities and Futures Ordinance (SFO) by insider dealing in the shares of Asia Satellite Telecommunications Holdings Ltd (Asia Satellite) and engaged in fraud or deception in transactions involving securities of Hsinchu International Bank Company Ltd (Hsinchu Bank).

Euronext Amsterdam Appoints Joost Kromhout As Head Of Listing

Date 15/01/2016

Euronext Amsterdam today announced the appointment of Joost Kromhout as Head of Listing, as of 1 March 2016. In this role Joost will be responsible for the listing strategy, business development and client coverage of Euronext Amsterdam.

SGX urges caution when dealing in Koyo International Limited shares

Date 15/01/2016

Singapore Exchange (SGX) urges investors and potential investors to exercise caution when dealing in shares of Koyo International Limited (Koyo).

HKEx: Listing Nominating Committee Extends Application Period For Listing Committee Candidate

Date 15/01/2016

The Listing Nominating Committee has extended the application period for nominations to the Listing Committee to 31 January 2016 from 15 January 2016.  The Listing Nominating Committee is seeking applications from individuals interested in serving on the Listing Committee and the Growth Enterprise Market (GEM) Listing Committee1.  Appointments will be for a term of approximately 12 months commencing in July 2016.

SGX Welcomes Eindec Corporation Limited To Catalist

Date 15/01/2016

Singapore Exchange (SGX) today welcomed Eindec Corporation Limited (Eindec) to Catalist under the stock code “42Z”.

CFTC Issues Order Delegating To The National Futures Association Certain Functions Related To Notices Of Swap Valuation Disputes Filed By Swap Dealers And Major Swap Participants

Date 14/01/2016

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order delegating to the National Futures Association (NFA) certain responsibilities related to notices of swap valuation disputes filed by swap dealers and major swap participants pursuant to CFTC regulation 23.502(c).

SEC Charges State Street For Pay-To-Play Scheme

Date 14/01/2016

The Securities and Exchange Commission today announced that State Street Bank and Trust Company agreed to pay $12 million to settle charges that it conducted a pay-to-play scheme through its then-senior vice president and a hired lobbyist to win contracts to service Ohio pension funds.

GFMA, IIF And ISDA Statement On The Fundamental Review Of The Trading Book (FRTB) Framework Issued Today By The Basel Committee On Banking Supervision

Date 14/01/2016

The Global Financial Markets Association (GFMA), the Institute of International Finance (IIF) and the International Swaps and Derivatives Association (ISDA) have issued the following statement on the Fundamental Review of the Trading Book (FRTB) framework issued today by the Basel Committee on Banking Supervision (BCBS):

“GFMA, IIF and ISDA share the Basel Committee’s goal of ensuring the safety and soundness of the global financial system, which is critical to enhancing investor and consumer confidence, and economic growth. We have remained supportive of BCBS’s work throughout the G20-mandated post-crisis programme and have continued to do so during the Fundamental Review of the Trading Book."

SEC Charges Goldman Sachs With Improper Securities Lending Practices

Date 14/01/2016

The Securities and Exchange Commission today announced that Goldman, Sachs & Co. has agreed to pay $15 million to settle charges that its securities lending practices violated federal regulations.

BOX Options Exchange Price Improvement Activity For December

Date 14/01/2016

In the month of December price improved contracts on BOX Options Exchange (“BOX”) averaged 302,926 per day. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $515,548 per day, while total savings to investors in December was $11.34M. With this, BOX has saved investors over $706M since its inception in 2004. Overall average daily trading volume on BOX in the month of December was 452,732 contracts.