News Centre

Bermuda Stock Exchange Will Be Closed For The Festive Holidays

Date 19/12/2014

The Bermuda Stock Exchange (“BSX”) advises that the BSX will close the Local Market at 2 p.m. on Wednesday, 24 December, 2014, before closing for the Public Holidays on:

1. Christmas Day, Thursday, 25 December, and Boxing Day, Friday, 26 December, 2014, and will re-open on Monday, 29 December, 2014; &
2. New Years Day, Thursday, 01 January, 2015, and will re-open on Friday, 02 January, 2015.

BGC Increases All-Cash Tender Offer To Acquire GFI Group To $5.45 Per Share - BGC's All-Cash Offer Is Plainly Superior To CME's Stock And Cash Offer - Minimum Tender Condition Reduced To 45% Of GFI Shares - BGC Prepared To Close Upon Completion Of Tender Offer

Date 19/12/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "the Company," or "BGC"), a leading global brokerage company primarily servicing the financial and real estate markets, today announced that it has increased its fully financed, all-cash tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: GFIG) ("GFI Group" or "GFI") to $5.45 per share. 

OCC Reports Third Quarter Trading Revenue Of $5.7 Billion

Date 19/12/2014

Insured U.S. commercial banks and savings institutions reported trading revenue of $5.7 billion in the third quarter of 2014, down $0.7 billion, or 11 percent, from $6.4 billion in the previous quarter, the Office of the Comptroller of the Currency (OCC) reported today.

WSE Opens Public Consultations On Draft Amendments To Best Practices Of WSE Listed Companies

Date 19/12/2014

• Public consultations on the draft amendment of the Best Practices of WSE Listed Companies are open
  
• The consultations are addressed to a large group of capital market participants
  
• The draft includes the key corporate governance matters in the European Union
  
• The consultations are open until the end of February 2015

TOM MTF Statistics Week 51, 2014

Date 19/12/2014

This week on TOM MTF a total of 826,818 equity and index option contracts were traded resulting in a 34% TOM MTF market share. The highest weekly turnover in TOM’s history was recorded, surpassing the previous record.

EEX Adjusts Auction Calendar For 2015 – Croatia To Join Auctions On The Common EU Auction Platform

Date 19/12/2014

The European Energy Exchange (EEX) has admitted Environmental Protection and Energy Efficiency Fund as auctioneer for Croatia. As a result, Croatia fulfills all requirements for the participation in the emissions auctions on the common EU auction platform. As a result, EEX will auction emission allowances on behalf of Croatia from the beginning of 2015.

Edify Debuts On The Luxembourg Stock Exchange - Listing Strengthens The Position Of Luxembourg As A Leading Venue For Investment Companies

Date 19/12/2014

The Luxembourg Stock Exchange (LuxSE) welcomed today the listing of Edify S.A., a Luxembourg-based investment company with a market capitalisation of EUR 243 million.

Financial Stability Oversight Council Announces Nonbank Financial Company Designation - Council Names MetLife For Consolidated Supervision And Enhanced Prudential Standards

Date 19/12/2014

The Financial Stability Oversight Council (Council) today announced that it voted to designate a nonbank financial company to address potential threats to financial stability.  The Council used its authority under Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) to subject MetLife, Inc. to consolidated supervision and enhanced prudential standards.  The vote was nine to one. 

European Commission - Fit For Service: Council Appoints Permanent Members Of The Single Resolution Board And Adopts The Methodology For Banks' Contributions To The Resolutions Funds

Date 19/12/2014

Today the Council formally appointed the Chair, the Vice-Chair and the four other permanent members of the Single Resolution Board. This concludes a recruitment process which started in July 2014. The methodology for calculating banks' contributions to the Single Resolution Fund was also been adopted today.

Reuters Launches UK Edition Of Reuters App For iOS And Android Devices

Date 19/12/2014

Today Reuters, the world’s largest multimedia news provider, announced a new UK edition of its news app for iOS and Android devices. This is the first time a UK edition of the Reuters app has been available for download, and it launches alongside new versions in Chinese and Japanese, each customised to deliver regionally-relevant content as well as global news coverage.