News Centre

KVH And Ciena Run Successful 400 Gbps Field Trial – First In Japan

Date 20/02/2015

KVH Co., Ltd., headquartered in Tokyo, Japan, in collaboration with Ciena, today announced the success of a field trial for 400 Gbps data transmission over KVH’s fiber-optic network between Tokyo and Osaka. This field trial represents the first successful data transmission at 400 Gbps over live fiber-optic infrastructure in Japan and solidifies KVH’s position as the leading innovator in Ethernet technology in the Japanese market.

ASIC Bans Former Managing Director Of Provident Capital Limited

Date 19/02/2015

ASIC has banned Mr Michael Roger O’Sullivan of Sydney from managing corporations for five years and from providing financial services for seven years. The ban follows an ASIC investigation which found Mr O’Sullivan breached his duties as a director and failed to comply with financial services laws.

BOX Options Exchange Comment Letter On SR-OCC-2015-02

Date 19/02/2015

Dear Mr. Fields:

BOX Options Exchange (“BOX”) appreciates this opportunity to comment on the above-referenced filing made by The Options Clearing Corporation (“OCC”) concerning a proposed capital plan for raising additional capital that would support the OCC’s function as a systemically important financial market utility (the “Proposed Capital Plan” or “Plan”). BOX appreciates that the OCC needs to raise additional capital to comply with new Securities Exchange Commission (the “SEC” or “Commission”) requirements. However, BOX believes additional clarity on the Plan is needed.

Canadian Securities Regulators Adopt Changes To The Accredited Investor, Minimum Amount Investment And Short-Term Debt Prospectus Exemptions

Date 19/02/2015

The Canadian Securities Administrators (CSA) today announced the adoption of two sets of amendments to National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106).

CalPERS Board Elects Committee Chairs And Vice Chairs

Date 19/02/2015

The California Public Employees' Retirement System (CalPERS) Board of Administration has elected the following chairs and vice chairs of key board committees:

Cooperation Key In Canadian Securities Regulators’ Fight Against Wrong-Doing

Date 19/02/2015

​The Canadian Securities Administrators (CSA) today released its seventh annual Enforcement Report that emphasizes the collaboration and cooperation among CSA members and between CSA members and local, national and international organizations in targeting illegal activities in Canada’s capital markets.  

ECSDA Responds To ESMA On CSD Authorisation

Date 19/02/2015

In its response to the ESMA consultation on “Level 2″ legislation on central securities depositories, ECSDA identifies several issues that need to be solved prior to the finalisation of the new rules.

Account Of The Monetary Policy Meeting Of The Governing Council Of The European Central Bank Held In Frankfurt Am Main On Wednesday And Thursday, 21-22 January 2015

Date 19/02/2015

1. Review of financial, economic and monetary developments and policy options

Financial market developments

Mr Cœuré reviewed recent financial market developments.

Since the Governing Council’s meeting in early December 2014, there had been a number of developments that had contributed to elevated market volatility. A sharp decline in crude oil prices had reinforced market expectations of lower inflation and a more accommodative monetary policy in the euro area. Overall, sovereign bond yields had continued to decline in most euro area countries and the euro had depreciated against most currencies.

ECSDA Responds To ESMA On Settlement Discipline

Date 19/02/2015

What will be the market impact of the CSDR rules on settlement discipline? The draft measures issued by ESMA for consultation in December 2014 in the context of the CSD Regulation (CSDR) would create a settlement discipline framework which has the potential to substantially affect the way securities transactions are cleared and settled today.

Deutsche Börse To Make Unscheduled Adjustment In MDAX: Bertrandt AG To Replace Gagfah S.A. (Tendered)

Date 19/02/2015

Due to its anticipated merger with Deutsche Annington SE, the tendered share class of Gagfah S.A. (ISIN LU1152862774), which is currently listed in MDAX, will be delisted from stock trading as of 24 February 2015 upon request of the company.