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IRGiT Upgrades To Nasdaq's X-Stream Clearing Technology

Date 15/04/2015

IRGiT and Nasdaq (Nasdaq:NDAQ) today announced an agreement to upgrade its post-trade platform to Nasdaq's X-stream Clearing technology. Under the terms of the agreement, IRGiT (Izba Rozliczeniowa Gield Towarowych S.A.) or the Warsaw Commodity Clearing House, will replace its existing legacy engine (Condico Clearing) with one powered by X-stream technology. The upgrade is expected to be rolled out by mid-2016.
BNY Mellon Enters Into Settlement Agreement With The U.K. Financial Conduct Authority

Date 15/04/2015

BNY Mellon (NYSE: BK) today issued the following statement regarding the findings of a U.K. Financial Conduct Authority ("FCA") investigation into compliance with relevant FCA Principles and U.K. Client Asset Sourcebook ("CASS") rules during the period from November 2007 to August 2013:
HKFE Announces Revised Margins For Futures Contracts

Date 15/04/2015

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Thursday, 16 April 2015, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.
UK’s Financial Conduct Authority Fines The Bank Of New York Mellon London Branch And The Bank Of New York Mellon International Limited £126 Million For Failure To Comply With The Custody Rules

Date 15/04/2015

The Financial Conduct Authority (FCA) has today fined The Bank of New York Mellon London Branch (BNYMLB) and The Bank of New York Mellon International Limited (BNYMIL) (together ‘the Firms’) £126 million for failing to comply with the FCA Client Assets Sourcebook (Custody Rules, or CASS), which applies to safe custody assets and to client money. The Custody Rules are there to protect safe custody assets if a firm becomes insolvent and to ensure those assets can be returned to clients as quickly and easily as possible. Each regulated firm is required to ensure they have adequate systems, controls and records to facilitate this.
HKFE Announces Revised Margins For China Merchants Bank Futures

Date 15/04/2015

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Friday, 17 April 2015, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

Xetra/Börse Frankfurt: SPDR Multi-Asset ETF Launched On Xetra - ETF Provides Access To Global Infrastructure Sector

Date 15/04/2015

A new exchange-listed multi-asset index fund issued by SPDR (State Street Global Advisors) has been tradable in Deutsche Börse's XTF segment since Wednesday.
Maitland Acquires Phoenix Fund Services - The Fast-Growing Institutional Fund Administrator Enters UK Market

Date 15/04/2015

Global advisory, fund administration and fiduciary services firm Maitland has acquired 100% of Phoenix Fund Services, a UK based company offering bespoke outsourced fund administration services to investment managers in the UK and offshore.
JSE And Eris Exchange Announce Swap Futures Licensing Partnership - JSE To Launch Interest Rate, Cross-Currency And Credit Default Swap Futures Based On The Eris Methodology™

Date 15/04/2015

The Johannesburg Stock Exchange (JSE), Africa’s largest exchange, today announced that it signed a multi-year licensing agreement with Eris Exchange (Eris), a U.S.-based futures exchange group, to list swap futures on the South African Exchange. The license agreement enables the JSE to launch multiple swap futures products based on the Eris Methodology, Eris’ product design for constructing capital-efficient futures that replicate the economics of OTC swaps, which incorporates intellectual property, expertise and patent-pending innovations.
BSO Network Solutions And DGCX Partnership Delivers Enhanced Derivatives Trading In The Middle East

Date 15/04/2015

BSO Network Solutions, the global ethernet network, cloud and hosting provider, today announced its strategic partnership with DGCX, the operator of the Middle East’s leading derivatives exchange. DGCX customers now have access to BSO Network Solutions’s range of specialist connectivity services, including Market Data Connect, which provides access to valuable market data without a need for a dedicated connection.
Month-Over-Month Industry Volume And TABB-Reported ATS/SDP Volume Decreased By 2%, Says TABB Group In Just-Released Equities LiquidityMatrix Now Online

Date 15/04/2015

Month-over-month industry volume and TABB-reported ATS/SDP volume decreased by 2%, reports Valerie Bogard, the TABB Group research analyst who manages the TABB Equities LiquidityMatrix™, now accessible via TabbFORUM at http://www.tabbforum.com/liquidity-matrix/equities as well as TABBGroup.com.