News Centre

Moscow Exchange welcomes BCS structured notes

Date 24/07/2015

On 24 July 2015, Moscow Exchange (ticker: MOEX) added a RUB 500 million structured credit linked note of BrokerCreditService Structured Products Plc, part of the BCS Financial Group, to its Level 3 List. The start of trading in the note will be announced in due course.

European Commission - Trillion-Euro Global High-Tech Trade Deal Agreed

Date 24/07/2015

The European Union, the United States, China and the vast majority of the World Trade Organization (WTO) members that were participating in the negotiations agreed today to eliminate custom duties on 201 high-tech products. The extension of the 1996 Information Technology Agreement (ITA) is the biggest tariff-cutting deal in the WTO in almost two decades. The agreement initiated and brokered by the EU, will benefit both consumers and firms alike by removing customs duties on a wide range of goods, including medical equipment, video games and consoles, home hi-fi systems, headphones, blue-ray/DVR players, semi-conductors, and GPS devices. All in all, the deal will cover €1 trillion in global trade, covering close to 90% of world trade in the products concerned. A total of 54 WTO members negotiated the expansion of the ITA. A limited group of countries is expected to confirm its participation in the coming days.

Wholesale Conduct Risk - Speech By Tracey McDermott, Director Of Supervision, Investment, Wholesale And Specialists, At The UK Financial Conduct Authority (FCA), Delivered At The British Bankers’ Association Conference ‘Wholesale Markets And Risk: FEMR And beyond’, London

Date 24/07/2015

This conference has the title of Wholesale Markets and Risk: FEMR and beyond. And, of course, the management of risk is, and always has been, a key driver for the existence of wholesale markets. 

Innovative, vibrant, competitive markets enable individuals and companies in the wider economy to take risks and to manage them. They enable others to participate in that risk taking and in the rewards that may follow.

Nasdaq Launches 'NFX' To Trade Energy Derivatives - New Exchange Will List Key Energy Benchmarks Including Oil, Natural Gas And US Power

Date 24/07/2015

Nasdaq (Nasdaq:NDAQ) announced that its US-based Nasdaq Futures, Inc. (NFX) will officially launch today. The platform will initially offer futures and options on oil, natural gas and US power benchmarks, with a fee holiday for the first nine months of trading. All products will be cleared through The Options Clearing Corporation (OCC).

Office Of The Comptroller Of The Currency: Comptroller Discusses Risk And Opportunities Facing Financial Services

Date 24/07/2015

Comptroller of the Currency Thomas J. Curry today discussed risks and opportunities facing financial services during remarks before the New England Council. During his speech, the Comptroller commented on interest rate risk, compliance risk, cybersecurity, and the role collaboration can play in mitigating these risks. He also discussed opportunities to improve business operations as well as service to customers.

Precious Metals Slide As The Bears Prowl The Markets - GoldMoney Weekly Market Report And Customer Metrics

Date 24/07/2015

Monday saw a drop in the gold price, partly triggered by Asian markets and rumours that some big funds might be dumping gold into the market.

TOM MTF Statistics Week 30, 2015

Date 24/07/2015

Click here to download the weekly statistics update of TOM MTF for week 30, 2015. 

Gunvor Asian RCF Tops US$1 Billion After Additional Interest

Date 24/07/2015

Gunvor Singapore Pte Ltd (the "Borrower"), a wholly-owned subsidiary of Gunvor Group Ltd ("Gunvor Group"), has increased its USD911.7 million syndicated revolving credit facility (the "Facility") to USD1.0627 billion on 24 July 2015 through accordion to accommodate additional interest in the Facility.

State Street Reports Second-Quarter 2015 Gaap-Basis EPS Of $0.94, On Revenue Of $2.6 Billion

Date 24/07/2015

State Street has today announced its second quarter results, reporting a GAAP-BASIS EPS of $0.94, on revenue of $2.6billion. It also reported that:

• Second-quarter 2015 operating-basis EPS was $1.37, down 1.4% compared to the second quarter of 2014, with a 2.1% increase in revenue to $2.7 billion
• Servicing fees increased 2.9% compared to the second quarter of 2014 and increased 4.1% compared to the first quarter of 2015

SIFMA AMG Submits Comments To The FSB Regarding Its Peer Review On Financial Stability Risks

Date 24/07/2015

SIFMA’s Asset Management Group (SIFMA AMG) today submitted comments to the Financial Stability Board (FSB) in response to the FSB’s latest Peer Review impacting asset managers.