News Centre

Cinnober Selected To Receive EU Funding For Disruptive Client Clearing Technology - The European Commission Recognizes Need For Real-Time Risk Margining, Multi-Asset Client Clearing Solution For The Banking Sector

Date 14/01/2015

The European Commission has announced that Cinnober has been chosen to receive financial support to develop a real-time risk margining and multi-asset client clearing system for European and international banks. The system will provide banks, and their clients, with an immediate and complete view of risk exposure across markets, enable more efficient use of capital and impart operational efficiencies across listed and OTC flows.

Growing Adoption For IEX’S Latest Protective Innovation - IEX's Newest Order Type Endorsed By Broker Subscribers, Grew To Account For 11% Of December Volume

Date 14/01/2015

IEX, a fair-access Alternative Trading System owned by traditional investors, announced accelerated adoption for its latest innovation: the Discretionary Peg Order Type (D-Peg). D-Peg was designed in response to an industry-wide issue: "crumbling quotes", or slower, predictable changes in the National Best Bid and Offer (NBBO) of a stock. Due to the nature of a highly fragmented market, quote changes can take several milliseconds to occur and/or propagate over market data, creating an actionable signal for certain strategies.

Thai Government To Drive Development On International Platform And Digital Economy

Date 14/01/2015

The Stock Exchange of Thailand (SET) has today welcomed M.R. Pridiyathorn Devakula, Deputy Prime Minister, who gave a key note speech on “The Strategy to drive Thai economy to grow firmly and sustainably” to more than 300 executives of the money market and capital market. He also urged the Thai capital market’s initiatives to enhance the direction on international platform, along with the country's digital economy agenda, with synergy to drive the economy to grow firmly and sustainably.

LME Announces Plans For Enhanced Participation And Liquidity

Date 14/01/2015

The London Metal Exchange (LME) has announced plans to enhance participation and liquidity on its electronic platform, LMEselect. The LME is focusing on increasing liquidity on standard monthly dates to provide a simpler way to trade existing LME futures.

''Exchange Of The Year 2014'' Continues To Grow - In 2014, SIX Swiss Exchange Once More Recorded Double-Digit Growth Rates For Both Turnover And Transactions.

Date 14/01/2015

SIX Swiss Exchange is pleased to look back on a very successful year again. With an increase of over 14%, turnover in 2014 significantly surpassed CHF 1'000 billion. Of the total of CHF 1'148.1 billion, 851.5 were reached in the segment Equities (incl. Funds and ETPs) which grew by even 18.8%. All trading segments recorded an increase, with the exception of one. In the previous year, turnover had already grown by 12.5% and passed the threshold of CHF 1'000 billion. In 2014, the number of transactions also grew by a double-digit figure, increasing by 12.6% (2013: 9.3%) to a total of 38'832'343.

Comments By Yves Mersch, Member Of The Executive Board, On The Legal Opinion Of The Advocate General Of The European Court Of Justice In The OMT Case

Date 14/01/2015

“We take note of the European Court of Justice Advocate General’s legal opinion in the Outright Monetary Transactions (OMTs) case. This is an important milestone in the request for a preliminary ruling, which will only be concluded with the judgement of the Court.

Investing In Integrity Chartermark -“Trust Me” Is No Longer Sufficient; Transparent And Open Approach Is Required To Convince Today’s Public” Says The Lord Mayor

Date 14/01/2015

At a breakfast held today, 14 January, for the Investing in Integrity (IiI) Chartermark, the Lord Mayor,  Alderman  Alan Yarrow, will call for businesses to not only improve their culture, but reassure the public that they are trustworthy.

BGC Announces Contingent Increase Of All-Cash Tender Offer To Acquire GFI Group To $5.60 Per Share - Increased Offer Contingent Upon Determination Of Superiority By GFI Special Committee And Board - Four-Day Match Period Would Commence January 20, 2015 - Urges GFI Shareholders To Vote AGAINST The Inferior $5.25 CME-GFI Management Proposal And Tender Their Shares To BGC

Date 14/01/2015

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "the Company," or "BGC"), a leading global brokerage company primarily servicing the financial and real estate markets, today announced that it has delivered an executed agreement to GFI Group Inc. (NYSE: GFIG) ("GFI Group" or "GFI") that, if countersigned by GFI, provides that BGC would increase its fully financed, all-cash tender offer to acquire all of the outstanding shares of GFI to $5.60 per share.

Notice Of Releasing “Sample Brokerage Agreement For Shanghai Stock Exchange Stock Option Pilot Program”, “Essential Articles Of Risk Disclosure Statement For Stock Option”

Date 14/01/2015

With an aim of standardizing the pilot program of stock option by option dealers, the Shanghai Stock Exchange (SSE) and China Securities Depository & Clearing Corp., Ltd. (CSDC) have jointly formulated the “Sample Brokerage Agreement for SSE Stock Option Pilot Program” and the “Essential Articles of Risk Disclosure Statement for Stock Option” (see attachments). The two documents are hereby released, and all the relevant parties are required to abide by them.

SGX Welcomes Mizuho Securities USA As First Remote Derivatives Clearing Member

Date 14/01/2015

Singapore Exchange (SGX) is pleased to welcome Mizuho Securities USA Inc. as its first remote clearing member. SGX was the first exchange in Asia in October 2013 to pioneer a new membership class for international clearing clients to access SGX platform from their home jurisdictions. This capability is required by the US Dodd-Frank Act, and SGX is the first in Asia to be accorded Designated Clearing Organization (DCO) by the US status Commodity Futures Trading Commission (CFTC).