News Centre

UK's Serious Fraud Office: LIBOR Investigation - Further Charge

Date 29/10/2014

Yesterday the Serious Fraud Office has issued criminal proceedings against Noel Cryan, a former employee at Tullett Prebon Group Ltd, in connection with the manipulation of LIBOR.

It is alleged he conspired to defraud between 1 February 2009 and 3 December 2009.

This brings to thirteen the number of people facing charges in respect of LIBOR.  The first criminal conviction in the UK, arising from the Serious Fraud Office's LIBOR investigation, was entered on 3 October 2014.

The investigation continues.

HKEx To Extend Its After-Hours Futures Trading Close To 11:45 Pm From 3 November

Date 29/10/2014

Beginning from 3 November 2014, the close of Hong Kong Exchanges and Clearing Limited’s (HKEx) after-hours futures trading (AHFT) of Hang Seng Index (HSI) Futures, H-shares Index (HHI) Futures, Mini HSI Futures, Mini HHI Futures and Renminbi Currency (RMB) Futures* will be extended from 11:00 pm to 11:45 pm.  In addition, the close of the AHFT clearing session will be extended from 11:45 pm to 12:30 am.

Misys Announces Winners Of The 2014 Americas Technology Leadership Awards

Date 29/10/2014

Industry leaders in financial services have been honoured at the 2014 Technology Leadership Awards for The Americas. Misys, the leading provider of financial services software, presented the winners with the awards in recognition of their drive to improve the technology underpinning their businesses. They were presented at the Misys Americas Market Forum, taking place in Miami, Florida with the conference theme of ‘Define the Future’.

DGCX Launches Two New Pairs Of Mini Indian Rupee Futures - New Products Are Region’s First Cross-Currency Contracts

Date 29/10/2014

Further building on the success of its Indian product suite, the Dubai Gold and Commodities Exchange (DGCX) today announced the launch of two new pairs of Mini Indian Rupee (INR) futures contracts denominated in British Pound (INRGBP) and Euro (INREUR) respectively. The new contracts, which went live on October, 26, 2014, will be cleared by the Dubai Commodities Clearing Corporation (DCCC).

Moscow Exchange: Expanded Equity Market Making Program

Date 29/10/2014

From 3 November, Yandex ordinary shares (YNDX) will be added to the Equity Market Making program, having been admitted to trading with partial collateral from 13 October.

UK's Financial Conduct Authority Consults On Restrictions On The Retail Distribution Of Regulatory Capital Instruments

Date 29/10/2014

The Financial Conduct Authority (FCA) is proposing to place new requirements that would apply when mutual society shares are sold to ordinary retail investors. The FCA is also consulting on plans to make permanent the temporary rules, announced in August 2014, which placed restrictions on the distribution of contingent convertible securities (CoCos).  

SIX Swiss Exchange To Simplify Access For Trading With Foreign Equities

Date 29/10/2014

On November 3, SIX Swiss Exchange will launch the Sponsored Foreign Shares trading segment in which international blue chip equities can be traded. Renell Wertpapierhandelsbank AG and ICF BANK AG Wertpapierhandelsbank will act as the first sponsors and thus as market makers.

Nasdaq And Shenzhen Stock Exchange Sign MOU

Date 29/10/2014

Nasdaq (Nasdaq:NDAQ) and Shenzhen Stock Exchange (SZSE) signed a memorandum of understanding (MOU) at the World Federation of Exchanges' annual General Assembly to strengthen cooperation and promote mutual development between the two exchange companies. SZSE's Chairman, as well as Nasdaq's Vice Chairman Sandy Frucher and Executive Vice President and Head of Market Technology Lars Ottersgård were present at the signing ceremony.

ASX Improves Back Office Operations With GoldenSource EDM - Product To Yield 80% Productivity Benefit At Exchange

Date 29/10/2014

The Australian Securities Exchange (ASX) and GoldenSource, a leading independent provider of Enterprise Data Management (EDM) solutions for the securities and investment industry, today announced the successful re-architecting of ASX’s core back office systems.

Dalian Commodity Exchange Iron Ore Futures Promote New Market Order

Date 29/10/2014

The iron ore futures of Dalian Commodity Exchange (DCE), the world's first iron ore futures contract with physical delivery, has maintained a steady development trend in the one year since the listing, with the market liquidity improved continuously, the quality and efficiency of the market operation constantly enhanced, the futures market functions of price discovery and hedging gradually achieved, the profound impact found on the international iron ore pricing mechanism, and the role of the market in serving the industries and the real economy brought into play.