News Centre

Our Supervision Overview - Speech By Clive Adamson, Director Of Supervision, The UK Financial Conduct Authority, At The General Insurance Conference, London

Date 03/06/2014

A very warm welcome to all of you to what is our first conference for the general insurance industry. The aim of today is for us to share with you our views about the industry, our overall strategy and within that more specifically, our agenda for your sector. In my opening speech I will cover what we have achieved in our first year, the key aspects of our new approach and how our experiences over the last year have informed our strategy and agenda for the sector over the next period. Following this, Martin will give an overall FCA perspective and later on Chris Woolard will cover how we see our work on competition adding a further dimension.

EPEX SPOT SE: Power Trading Results In May 2014 - Intraday Markets Surge To New Heights

Date 03/06/2014

In May 2014, a total volume of 31.3 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (May 2013: 29.5 TWh). The Intraday markets reached 2,616,964 MWh, hitting the 2.6 TWh threshold for the first time. This is another all-time high after last month’s record (2,569,974 MWh) and an increase in 2%. Same applies for the 15-minute contracts on the German and Swiss Intraday markets which climbed to 430,740 MWh of traded volume. This is a 2 % increase from previous record in March 2014 (421,846 MWh). Both figures show the continuous and growing interest in power markets with flexible contracts and shorter lead-time.

PEGAS: 3 Years Of Success On The TTF Spot Market - New Volume Record In May – Reference Market For Within-Day Trading

Date 03/06/2014

Three years after its launch, the exchange gas spot market on the Dutch TTF (Title Transfer Facility) hub continues to grow at a high level. In May 2014, new records in terms of the monthly volume, the number of active trading participants and the number of registered trades were achieved on the TTF Spot Market.

BATS Global Markets May Highlights: 20.1% U.S. Equities Market Share; €411.2bn Reported To BXTR - BATS Chi-X Europe Reports 20.6% Market Share

Date 03/06/2014

 BATS Global Markets (BATS) today reported May volume, market share, and monthly highlights:

• In the U.S., BATS reported 20.1% U.S. equities market share in May, up from 10.4% a year ago. BATS Options reported 3.8% market share, in line with one year ago.
• In Europe, BATS Chi-X Europe reported overall market share of 20.6%. Over the course of the month €411.2bn was reported to BATS’ trade reporting facility, BXTR, setting a new record, with a new one-day record of €26.8bn on May 13.
• On May 1, BATS Chi-X Europe successfully operated from its disaster recovery site for the first time as part of the company’s Business Continuity Planning (BCP) process.
• On May 19, BATS announced that full depth-of-book order information for its EDGA and EDGX exchanges is now available on the Bloomberg Professional® service.
• On May 29, BATS unveiled new pricing and a lead market maker (LMM) program for its U.S. Listings business. With the new pricing, exchange-traded products (ETPs) that trade more than 400,000 shares per day will be eligible for a free listing on BATS Exchange.
• In the U.S., BATS continued to make progress on the Direct Edge integration and on May 5 announced the availability of member connectivity to EDGA and EDGX certification environments within the Equinix NY5 data center beginning June 2, 2013. The connection request form and additional information is available at bats.com/edgeintegration and BATS will also share updates via its Twitter feed @BATSGlobal.

With The Participation Of The CEO Of Qatar Stock Exchange, Annual Conference Of The Arab Federation Of Exchanges Opens Its Meetings In Dubai

Date 03/06/2014

With the participation of the heads and CEOs of Arab stock exchanges and in presence of a number of officials and experts representing various international financial institutions, the Annual Conference of the Arab Federation of Exchanges (AFE), entitled "ASE Equities Summit 2014," today opened its two-day sessions in the Ritz-Carlton Hotel DIFC, Dubai, United Arab Emirates.

CME Group Volume Averaged 13.0 Million Contracts Per Day In May 2014, Up 6 Percent from April 2014

Date 03/06/2014

• Eurodollar futures volume increased 10 percent and Eurodollar options volume increased 42 percent from prior May
• Highest 2014 daily volume of 20.1 million contracts traded on May 28
• Year-to-date 2014 volume averaged 13.2 million contracts per day, up 4 percent from year-to-date 2013

eFront Names Board Director And New VP To Support Continuing Growth And Expansion

Date 03/06/2014

eFront, a leading software provider of financial solutions for managing alternative investments, is happy to announce the appointment of Bret Bolin as a non-executive director of the eFront Board of Directors and John Ellsworth as Vice President of Product Management. Both new appointments are a consequence of the company’s continuing strong growth and rapidly expanding customer base

Tradeweb Monthly DataSheet: Worldwide, Only Greek 10-Year Yields Finished May Above Where They Started

Date 03/06/2014

Click here to download Tradeweb’s new monthly DataSheet for global government 10-year benchmark bonds.

HKEx: After-Hours Futures Trading's Close To Be Extended To 11:45 Pm From 3 November

Date 03/06/2014

Hong Kong Exchanges and Clearing Limited (HKEx) will extend the close of its After-hours Futures Trading (AHFT) from 11 pm to 11:45 pm from 3 November 2014.

Multrees Investor Services Launch ‘Multrees Compass’ A Leading Wealth Management Portal - ‘Multrees Compass’ Set To Innovate Service Delivery For Independent Wealth Managers And Private Investment Offices

Date 03/06/2014

Multrees Investor Services (Multrees) has today announced a major evolution in its service proposition, the launch of ‘Multrees Compass’. Multrees, the independent custody and consolidated reporting specialist for wealth managers and private investment offices, has designed this online interactive web portal to transform the wealth advisers’ experience and help them manage their clients’ assets more efficiently.