News Centre

Flash Boys “Complete Nonsense” And Regulators Must Not React – CMCRC: Pre-Eminent Market Structure Researcher Says Michael Lewis’s New Book Appears To Be Evidence-Free Scaremongering

Date 15/04/2014

The Capital Markets Cooperative Research Centre (CMCRC) has released two videos commenting on  the anti-HFT sentiment stirred up by the release of Michael Lewis’s new book Flash Boys.

IOSCO Research Publishes Paper On Corporate Bond Markets

Date 15/04/2014

The Research Department of the International Organization of Securities Commissions today published a Staff Working Paper entitled Corporate Bond Markets: A Global Perspective.

European Commission: Undertakings For Collective Investment In Transferable Securities – Amended Directive (UCITS V) - Frequently Asked Questions

Date 15/04/2014

See also STATEMENT/14/121

1. What is a UCITS fund?

Investment funds are specially constituted investment vehicles, created with the sole purpose of gathering assets from investors, and investing those assets in a diversified pool of assets. By investment in investment funds, small investors can buy exposure to a professionally-managed and diversified basket of financial or other assets. Overheads are spread over the pool of investors, reducing the average cost for the investor.

Listed Companies On The Palestine Exchange Achieve Net Profit Of 241 Million USD In 2013

Date 15/04/2014

Thirty five (35) of forty nine (49) listed companies on the Palestine Exchange (PEX) achieved profits in 2013.

Moscow Exchange To Launch New Russian Market Volatility Indicator

Date 15/04/2014

Moscow Exchange will begin calculating and publishing the RVI Index, a new Russian market volatility index, on 16 April.

Bursa Malaysia Securities Reprimands, Fines And Suspends Adnan Bin Jusoh For Engaging In Unauthorised Trades / Abuse Of A Client’s Account

Date 15/04/2014

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded, imposed a fine of RM40,000 and suspended/restricted (as the case may be) Adnan bin Jusoh (Adnan) for 6 months as / from being a Registered Person, for breaches relating to unauthorised trades / abuse of a client’s account.  Adnan was also required to undergo training on the conduct or professionalism of Dealer’s Representative (DR) / market offences.

SIX Swiss Exchange: Shares Of Bravofly Rumbo Group N.V. (BRG) Open At CHF 45.00

Date 15/04/2014

Today, the shares of Bravofly Rumbo Group were traded for the first time under the “Main Standard” of SIX Swiss Exchange, opening at CHF 45.00. This corresponds to a total market capitalization of around CHF 680.7 million.

Clearstream Strengthens Commitment To Asia With Settlement Link Developments In Taiwan - Clearstream Works With Taiwanese Central Securities Depository To Develop Direct Settlement Link To Taiwanese Market As Part Of Asia Strategy - Investor Appetite For “Formosa Bonds” Set To Increase - Clearstream’s Berthold Kracke: “Link To Taiwanese Market A Key Milestone”

Date 15/04/2014

Clearstream, the financial market infrastructure already active in Asia since 1990, this week reaches a key milestone for developing a direct settlement link to the Taiwanese market. As part of its Asia strategy, Clearstream is working with the Taiwanese central securities depository, the Taiwanese Central Securities Depository (TDCC), to develop a direct settlement link for global investors and issuers to access the Taiwanese international bond market such as the Renminbi-denominated “Formosa bond”.

Hong Kong's Securities And Futures Commission Seeks Court Orders Against Chairman, Current And Former Directors Of Minth Group Limited

Date 15/04/2014

The Securities and Futures Commission (SFC) has commenced legal proceedings in the Court of First Instance against the chairman, two current executive directors and a former executive director of Minth Group Limited (Minth).

Pilot Program Of Shanghai-Hong Kong Stock Exchanges Connectivity Mechanism Approved

Date 15/04/2014

Premier Li Keqiang says in his keynote speech at the Boao Forum for Asian Annual Conference 2014 this morning, “We will actively create conditions to establish a Shanghai-Hong Kong Stock Exchanges Connectivity Mechanism (SHSECM), and further promote two-way opening-up and sound development of the capital markets in China’s Mainland and Hong Kong.”