News Centre

Thomson Reuters Celebrates Record Five Wins At Profit & Loss Readers' Choice Awards

Date 04/06/2014

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has won five awards at the Profit & Loss Readers’ Choice Digital Markets Awards 2014 – a record for Thomson Reuters at this event.

ISDA Statement On CFTC Confirmations

Date 04/06/2014

The International Swaps and Derivatives Association, Inc. (ISDA) today issued a statement in response to the US Senate confirmation of Timothy Massad as the new chairman of the Commodity Futures Trading Commission (CFTC), and the confirmations of two new CFTC commissioners, J. Christopher Giancarlo and Sharon Y. Bowen.

IOSCO Consults On Good Practices On Reducing Reliance On Credit Rating Agencies

Date 04/06/2014

The International Organization of Securities Commissions today published a consultation report onGood Practices on Reducing Reliance on CRAs in asset management. The report is aimed at gathering the views and practices of investment managers, institutional investors and other interested parties, with a view to developing a set of good practices on reducing over reliance on external credit rating in the asset management space. 

FINRA Fines Barclays Capital, Goldman Sachs And Merrill Lynch $1 Million Each For Submitting Inaccurate Blue Sheet Data - Disciplinary Complaint Issued Against Wedbush Securities

Date 04/06/2014

The Financial Industry Regulatory Authority (FINRA) today announced it has censured and fined Barclays Capital Inc.; Goldman, Sachs & Co.; and Merrill Lynch, Pierce, Fenner & Smith, Inc., $1 million each for failing to provide complete and accurate information about trades performed by the firms and their customers, commonly known as "blue sheet" data, to FINRA, the SEC and other regulators. In addition, FINRA issued a complaint against Wedbush Securities, Inc., for failing to submit complete and accurate blue sheets.

Statement On 2nd Circuit Decision, Andrew Ceresney, Director, SEC Division Of Enforcement

Date 04/06/2014

"We are pleased with today’s ruling by the Second Circuit Court of Appeals reaffirming the significant deference accorded to the SEC in determining whether to settle with parties and on what terms.  While the SEC has and will continue to seek admissions in appropriate cases, settlements without admissions also enable regulatory agencies to serve the public interest by returning money to harmed investors more quickly, without the uncertainty and delay from litigation and without the need to expend additional agency resources."

PGE Dom Maklerski Starts Trading On WSE - PGE Dom Maklerski Is The 58th Exchange Member

Date 04/06/2014

On 4 June 2014, PGE Dom Maklerski S.A. started operations on Warsaw Stock Exchange as an Exchange Member. PGE DM will trade in securities on clients’ accounts on WSE.

TheCityUK Responds To The Queen’s Speech

Date 04/06/2014

Nicky Edwards, Director of Policy and Public Affairs, comments on announcements in today’s Queen’s Speech regarding pensions, infrastructure and businesses investment:

Pensions

“The reforms to pensions laid out in the Queen’s Speech will give people in the UK greater choice in how their pension savings can be used to support them in retirement. While innovation in the pensions market is important, people will also need to save more during their working life to ensure a decent income in later life. Increasing the rate of contribution to auto-enrolment pensions is therefore vital.”

ADX Concludes Investor Roadshow In London

Date 04/06/2014

Abu Dhabi Securities Exchange (ADX) concluded yesterday its second roadshow of the year from 2nd - 4th of June with a delegation to London comprising 60 senior representatives of asset management and investment management companies that manage assets with an estimated value of 45 billion dollars.   The aim of the visit was to engage with potential new investors, fund managers, asset management and investment management companies, as well as high end investors to demonstrate the range of opportunities, as well as to provide an insight into the operations and future development of ADX. Sheikh Mohammed bin Maktoum bin Rashid Al-Maktoum, First Secretary at the UAE Embassy in London, gave an opening speech at the beginning of the roadshow which was held at the Grosvenor House Hotel in London.

JonesTrading Names Micsky Global Derivatives Head - Commitment To Expanded Trading Rounds Out Asset Suite

Date 04/06/2014

JonesTrading Institutional Services LLC, a leading block trading firm in U.S. and international securities for institutions, announced today that Jeff Micsky, a JonesTrading veteran and derivatives trading expert, has been named to Global Derivatives Head. He will develop the strategy for derivatives, including organic growth among current clients and business development to expand the client base worldwide. He leads a team in JonesTrading’s New York, Greenwich, San Francisco and Chicago offices, with an affiliate relationship to JonesTrading Canada.

Federal Bank Regulatory Agencies Seek Comment On Interagency Effort To Reduce Regulatory Burden

Date 04/06/2014

The federal bank regulatory agencies today published the first of a series of requests for comments to identify outdated, unnecessary, or unduly burdensome regulations imposed on insured depository institutions.