News Centre

ECB Announces Publication Of A New Guideline On The Implementation Of Monetary Policy

Date 20/02/2015

Today the European Central Bank (ECB) has published a new Guideline (ECB/2014/60) on the implementation of the Eurosystem monetary policy. This Guideline will replace Guideline ECB/2011/14, i.e. the current framework on Eurosystem monetary policy instruments and procedures, from 1 May 2015.

Lahore Stock Exchange Formally Launches Algo Trading Software

Date 20/02/2015

A large number of participants and representatives of Electronic and Print Media were present at the time of launching ceremony of Algo Trading Software organized by the Management of Lahore Stock Exchange today in the Auditorium of the Exchange. It has been learnt that Lahore Stock Exchange Limited is endeavoring to bring back liquidity at LSE’s Order Book for which a number of initiatives has been taken by the management of LSE.

London Stock Exchange Group Hosts Pakistan Capital Markets Day

Date 20/02/2015

• Mohammad Zubair, Minister of State for Privatisation opens London trading
• 14 leading Pakistani companies attending
• 140 investor meetings scheduled

Better Finance Demands That “Dark” Capital Market “Venues” Such As “Systematic Internalisers” Treat Individual Investors As Fairly As The Regulated Markets

Date 20/02/2015

Guillaume Prache, Managing Director of Better Finance, the European Federation of Financial Services Users, raised the issue of the Systematic Internalisers (SIs) – typically large banks – which offer securities trading to individual non-professional investors without complying with the best execution rules. The SI “market venue” was created by the European MiFID I Directive, which came into force in 2007.

European Commission: Building The Energy Union: Key Electricity Interconnection Between France And Spain Completed

Date 20/02/2015

Today Miguel Arias Cañete, the European Commissioner for Climate Action and Energy, together with Mariano Rajoy, the Prime Minister of Spain, and Manuel Valls, the Prime Minister of France, and with the participation of José Manuel Soria López, the Spanish Minister of Industry, Energy and Tourism and Mario Monti, European Coordinator of the project, attended the inauguration of the Santa Llogaia – Baixàs power line. The inauguration takes place in Montesquieu-des-Albères on the French border and in Castillo de Perelada on the Spanish border. This power line, a project of common European interest, doubles the existing electricity interconnection capacity between France and Spain, from 1400 megawatt to 2800 megawatt, and helps connecting the power system of the Iberian Peninsula to other European energy markets. The project has received €255 million EU support under the European Energy Programme for Recovery.

BGC Partners And GFI Group Reach Agreement GFI Board Supports BGC's $6.10 Per Share Tender Offer - GFI Board Recommends That GFI Stockholders Tender Their Shares to BGC - BGC to Appoint 6 out of 8 Directors On Expanded GFI Board - Stockholders Representing Almost 48% Of GFI Common Shares Supported Tender Offer - BGC Extends Tender Offer Deadline To February 26, 2015; No Further Extensions Expected - GFI Stockholders Who Miss the February 26 Deadline May Have To Wait Until Restriction Lapses On January 30, 2016 For An Opportunity To Receive $6.10 Per Share

Date 20/02/2015

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC"), a leading global brokerage company servicing the financial and real estate markets, and GFI Group Inc. (NYSE: GFIG) ("GFI Group" or "GFI"), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, today announced that they have entered into a tender offer support agreement in which GFI's board of directors unanimously agreed to support BGC's tender offer for all of the outstanding shares of GFI common stock at $6.10 per share in cash.

Moscow Exchange Markets Closed February 23

Date 20/02/2015

Moscow Exchange"s markets will be closed 23 February to observe a public holiday in Russia.

Award For The First Foreign Direct Participant In KDPW

Date 20/02/2015

During the Stock Exchange Review of the Year Gala, the KDPW Group presented its awards for participants for 2014. One of the recipients was Raiffeisen Bank International from Vienna – the first foreign participant opening an omnibus account directly in KDPW. The account is used to hold the securities of the bank’s clients, registered in KDPW and traded on the Polish market.

Black South Africans Hold At Least 23% Of The Top 100 Companies Listed On The Johannesburg Stock Exchange

Date 20/02/2015

As at end 2013, black South Africans hold at least 23% of the Top 100 companies listed on the Johannesburg Stock Exchange. The shares held by black investors includes 10% held directly (largely through BEE schemes) and 13% through mandated investment (mostly through individuals contributing to pension funds, unit trusts and life policies).

Rolling Out: Financial Democracy - Across The UK

Date 20/02/2015

The world’s first Venture Funding Hubs, launched today (Monday 23rd Feb) from Committee Room 6 in Parliament, will take financial democracy not to just London but to Manchester and Sheffield and across the north - where the team behind one of the most exciting innovations in funding, is mostly based.