News Centre

Jawahar Kaliani Named Office Of The Comptroller Of The Currency's Deputy Chief Information Officer

Date 01/05/2014

Jawahar Kaliani was recently named Deputy Chief Information Officer for Application Services Delivery (ASD) at the Office of the Comptroller of the Currency (OCC).

UK's Financial Conduct Authority Set To Implement New Listing Rules In May 2014

Date 01/05/2014

Updated – 1 May 2014

The Financial Conduct Authority (FCA) Board has today made the full suite of changes to the Listing Rules set out on 17 April 2014, including the new requirements on cancellation of a premium listing, described below in option one.

MGEX: April Volume Record Shattered

Date 01/05/2014

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports record-breaking April volume. All futures and options contracts traded totaled 214,038, a 17 percent increase over the previous record set back in 2007 and a 46 percent increase from April 2013. This places April 2014 in the number four spot on the monthly Exchange volume records and is the best volume month in 33 months.

CFTC Further Implements Trade Execution Mandate

Date 01/05/2014

The Commodity Futures Trading Commission’s (CFTC or Commission) Divisions of Market Oversight (DMO) and Clearing and Risk (DCR) announced today further implementation of the trade execution requirement for certain interest rate and credit default swaps. Beginning May 16, 2014, market participants executing swaps subject to the trade execution requirement that are part of a so-called “package transaction” must be traded on a Swap Execution Facility (SEF) or Designated Contract Market (DCM), pursuant to a phased compliance timeline. DMO previously provided no-action relief for certain swaps that otherwise were required to be traded on a SEF or DCM to the extent that those swaps were part of a package transaction.

SEC Charges NYSE, NYSE ARCA, And NYSE MKT For Repeated Failures To Operate In Accordance With Exchange Rules

Date 01/05/2014

The Securities and Exchange Commission today announced an enforcement action against the New York Stock Exchange and two affiliated exchanges for their failure to comply with the responsibilities of self-regulatory organizations (SROs) to conduct their business operations in accordance with Commission-approved exchange rules and the federal securities laws.  Also charged was the NYSE exchanges’ affiliated routing broker Archipelago Securities.

Axxsys Consulting Strengthens Calypso Practice

Date 01/05/2014

Axxsys Consulting, a Global successful and independent growing financial services consultancy firm, are strengthening their sell-side and investing in their dedicated Calypso Practice. They have appointed a new Head of the Calypso Practice to lead the expansion having established themselves as Calypso implementation partners.

DME Welcomes Philip Futures As Clearing Member

Date 01/05/2014

DME, the Middle East’s premier international energy futures and commodities exchange today announced the approval of Phillip Futures as a Clearing Member. Phillip Futures is a Chicago-based clearing futures commission merchant (FCM) and a member of the Singapore-based PhillipCapital Group.

Platts China Steel Sentiment Index Indicates Slowed Demand Growth For May - Monthly Index Totaled 50.34, Down 21.80 Points From April’s Reading Of 72.14 - Survey Suggests Flat Demand For Export Orders

Date 01/05/2014

The health of China’s steel sector appears to be leveling off and likely to see less support from demand growth in May, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 50.34 out of a possible 100. This is down 21.80 points from the April level of 72.14, but is above 50, which is the pivot point for indications of expansion versus contraction. The Platts CSSI reflects the responses of steel makers, traders and exporters at the end of each month to questions about new orders for the month ahead and the proprietary survey contains additional sentiment readings on production, inventories and prices. 

BGC Partners Reports First Quarter 2014 Financial Results - Declares Quarterly Dividend

Date 01/05/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today reported its financial results for the quarter ended March 31, 2014.

UK's Financial Conduct Authority Statement Following Successful Abuse Argument By The Defence In R V Crawley & Others (Southwark CC)

Date 01/05/2014

The Financial Conduct Authority (FCA) are considering HHJ Leonard QC’s ruling today ordering a stay of the criminal proceedings against Scott Crawley, Dale Walker, Daniel Forsyth, Brendan Daley and Aaron Petrou and whether to appeal. In these circumstances we do not intend to comment further at this time.