News Centre

NASDAQ OMX Reports Strong Second Quarter 2014 Results

Date 24/07/2014

• Second quarter 2014 net revenues1 were $523 million, up 16% year-over-year.
• Achieved 4% organic revenue growth2 year-over-year, and saw 9% organic growth across the non-transactional segments: Information Services, Technology Solutions, and Listing Services.
• Generated second quarter 2014 non-GAAP diluted EPS of $0.70, a 13% increase year-over-year. Second quarter 2014 GAAP diluted EPS was $0.59.
• Non-transaction based revenues were 74% of our total second quarter 2014 net revenues, and increased 19% from the prior year quarter.
• Announcing reduction of Non-GAAP operating expense guidance for 2014, reflecting the impact of recent industry volume levels and certain management cost actions.
• The company paid down $100 million of debt in the second quarter and returned to its long-term leverage target. Completing this de-leveraging allowed a resumption of the buyback program and $93 million of stock was repurchased during the period.

ICAEW And CISI Launch Diploma In Corporate Finance In Cyprus

Date 24/07/2014

ICAEW (Institute of Chartered Accountants in England & Wales) and the Chartered Institute for Securities & Investment (CISI) have launched a diploma in Corporate Finance. The only specialist diploma of its kind, the qualification will be delivered by the Cyprus International Institute of Management and is aimed at establishing and maintaining the highest standards of professional skill and care in all corporate finance transactions. 

EDHEC-Risk Institute Study Shows Room To Improve Investment Solutions In The Australian Super System

Date 24/07/2014

Latest research argues that the Australian superannuation industry could be further strengthened by the development of an industry-led reporting standard and certification scheme.

LME And Colt Collaborate To Launch LMEnet

Date 24/07/2014

The London Metal Exchange (LME) is working with Colt Technology Services to launch LMEnet, a dedicated network that will provide market participants a fast, reliable and secure connection to the Exchange’s electronic systems, including LME Clear. 

Hong Kong's Securities And Futures Commission Revokes The Licences Of Union Securities Limited And Its Responsible Officers Ma Kin Chung And Cheng Tai Ha, And Bans Both For Life

Date 24/07/2014

The Securities and Futures Commission (SFC) has revoked the licences of Union Securities Limited (Union Securities) and its two responsible officers, Mr Ma Kin Chung and Ms Cheng Tai Ha.  Ma and Cheng have also been prohibited from re-entering the industry for life.

New BCBS Intraday Liquidity Reporting Tools Present Data Challenges For The Banking Community - New SWIFT Whitepaper Suggests Banks Should Act Without Delay To Embrace A Pragmatic Approach To Intraday Liquidity Management

Date 24/07/2014

SWIFT announces the availability of a new whitepaper on the challenges of managing intraday liquidity reporting against the backdrop of evolving regulatory requirements. The paper, entitledIntraday Liquidity Reporting – The case for a pragmatic approach, focuses on a set of quantitative monitoring tools published by the Basel Committee on Banking Supervision (BCBS) in collaboration with the Committee on Payment and Settlement Systems in April 2013. The monitoring tools mandated by the BCBS require banks to assemble the necessary data to ensure effective monitoring of banks’ intraday liquidity risk, and their ability to meet payment and settlement obligations on a timely basis in normal and stressed conditions. The BCBS would like banks to start using the monitoring tools for reporting in January 2015, with full implementation by January 2017. Actual implementation depends upon the regulatory mandate at the national level. 

FIX Trading Community Supports FX Market Efficiency With TESI Extension

Date 24/07/2014

FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced that they have extended the Trading Enablement Standard Initiative (TESI) to include Foreign Exchange (FX) client enablement. TESI uses FIX protocols to achieve more efficient and standardised communication for trading enablements.

Shanghai Stock Exchange: Notice Of Soliciting Public Opinions On “Pre-Disclosure Issues (Draft Version For Opinion Soliciting) Of Shareholding Lessening By Shareholders Of Listed Companies* ”

Date 24/07/2014

The Shanghai Stock Exchange (SSE) has formulated the “Pre-disclosure Issues (Draft Version for Opinion Soliciting) of Shareholding Lessening by Shareholders of Listed Companies for No. 13 Memorandum on Listed Companies’ Work of Day-to-day Information Disclosure”, in order to implement the requirements of the “Opinions of the General Office of the State Council on Further Strengthening the Protection of Small and Medium-sized Investors’ Legitimate Rights and Interests in the Capital Market”, protect the legitimate rights and interests of small and medium-sized investors, and regulate the pre-disclosure issues of shareholding lessening by shareholders of listed companies.

ASX Lowers Fees For Interest Rate Futures Clearing Participants

Date 24/07/2014

From 1 October 2014, ASX will lower fees and increase growth incentives for clearing participants in its interest rate futures and over-the-counter (OTC) clearing business. This will be achieved by implementing a new fee schedule for interest rate futures and by providing volume discounts for OTC clearing. 

Statement Of Commissioner Kara M. Stein - SEC Commissioner Kara M. Stein, Washington, D.C., July 23, 2014

Date 23/07/2014

I want to thank the staff for your thoughtful engagement with my office and all of the hard work that went into these recommendations.  These rules are better for your great work, and your tireless efforts to reach the best policy outcome are commendable.