News Centre

Monique Melis, Partner At Kinetic Partners, Comments On The News That Five Banks Have Been Fined £2bn By Regulators Over Forex Failings

Date 12/11/2014

“This is the largest fine ever issued by the FCA. It shows that the regulators are encouraging institutions to conduct market risk assessments and that market conduct is at the forefront of the regulatory agenda."

Nasdaq To Provide SMARTS Broker Technology To Kyte Group Limited

Date 12/11/2014

Nasdaq (Nasdaq:NDAQ), the world's leading provider of market technology, today announced it will provide SMARTS Broker technology to The Kyte Group Limited, an independent Futures Commission Merchant (FCM), providing DMA, brokerage, clearing and settlement services to professional traders who transact business on the world's leading exchanges. The surveillance technology, which is now live, will be leveraged across their entire span of trading on derivatives and equities markets.

Gunvor Closes Oversubscribed US $700 Mil. Financing For Belgian Refinery

Date 12/11/2014

Gunvor Group ("Gunvor") has successfully renewed and increased to US $700 million a secured revolving borrowing base facility (the "Facility") to support the growing needs of the Independent Belgian Refinery (IBR). The Facility, which was significantly oversubscribed and scaled back, was originally launched at US $625 million in October 2012 to provide for IBR's working capital requirements.

Clearstream’s October 2014 Figures

Date 12/11/2014

• Assets under custody stable at EUR 12.3 trillion
• 20 percent increase in investment fund transactions compared to October 2013
• Philippe Seyll: "Expansion is a step towards becoming a one-stop shop for funds for our customers"

Virtu Financial Joins Eris Exchange As A Liquidity Provider

Date 12/11/2014

Eris Exchange (Eris), a US-based futures exchange offering capital-efficient Swap Futures, today announced that leading global electronic market maker, Virtu Financial (Virtu), is streaming liquidity into  Eris SwapBookTM and will be offering two-way voice markets for off-exchange trades for Eris Swap Futures.

Cross Listing Of EEX And Cleartrade Exchange (CLTX) Products - EEX Offers Clearing For Dry Bulk Freight Futures From January - Other Products Will Follow Soon

Date 12/11/2014

On 6 January 2015 EEX extends its product range by additional commodities. In addition to the existing products for power, natural gas, emission rights and coal, EEX will launch Dry Bulk Freight Futures contracts as part of its trade registration service.

Swiss Visit To Tehran Stock Exchange - Mr. Stephane Rey, The Deputy Head Of Mission, From Embassy Of Switzerland In Iran Visited TSE

Date 12/11/2014

Mr. Stephane Rey, The deputy head of mission, from Embassy of Switzerland in Iran visited Tehran Stock Exchange on 20 November 2014.

Statement From Commissioner J. Christopher Giancarlo: Reconsidering The CFTC’s Swaps Trading Rules For Greater Effectiveness In The Global Economy

Date 12/11/2014

Preface:

I was invited to speak at the SEFCON V conference being hosted today by the Wholesale Markets Brokers’ Association, Americas (WMBAA). However, under Executive Order 13490, also known as President Obama’s Ethics Pledge, I am prohibited from speaking at SEFCON because of my past association with the WMBAA and because a fee is charged to attend the conference. I applied to the White House for a waiver to speak, but was denied, and I respect that decision. However, given the importance of the subject matter being discussed at SEFCON to the U.S. swaps market, if I had been permitted to speak at the conference, this is the speech I would have delivered.

Statement Of CFTC Chairman Tim Massad On Today’s Forex Enforcement Announcement

Date 12/11/2014

U.S. Commodity Futures Trading Commission Chairman made the following statement on today’s enforcement action against five banks for attempting to manipulate the foreign exchange benchmark rate. The five banks settled with the CFTC and agreed to pay a $1.4 billion fine, and they will be required to implement policies and procedures to prevent this misconduct going forward.

Thomson Reuters & The Union Of Arab Securities Authorities To Host The First Arab Capital Markets Conference In Dubai

Date 12/11/2014

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, the Union of Arab Securities Authorities (UASA), Securities & Commodities Authority and the Arab Monetary Fund, today announced that the 1st Arab Capital Markets Conference will take place in Dubai under the patronage of the UAE Minister of Economy, H.E Sultan bin Saeed Al Mansouri.