News Centre

Direct Edge Trading Notice #14-29: Attribution Program Available On Order-By-Order Basis

Date 29/07/2014

Direct Edge introduced Retail Attribution functionality in June that allows Members to display orders on the EdgeBook Attributed data feed with a standard retail identifier (“RTAL”).  The initial functionality enabled Members to default all orders entered on EDGX via a specific session(s) to the RTAL identifier.

ACER Recommends Adoption Of HVDC Network Code

Date 29/07/2014

ACER published  today its Opinion and Recommendation for the Network Code (NC) on High Voltage Direct Current Connections and DC-connected Power Park Modules (HVDC).

Monetary Authority Of Singapore Proposes Legislation For A Regulatory Framework For Financial Benchmarks

Date 29/07/2014

The Monetary Authority of Singapore (MAS) today released a consultation paper on legislation to introduce a regulatory framework for financial benchmarks. A financial benchmark is typically a price, estimate, rate, index or value that is made available to third parties for use as a reference in financial instruments or transactions.

PLANET.FR's Listing On Alternext Paris

Date 29/07/2014

EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs[1], today announced the listing of Planet.fr, a generalist website providing news and other contenton Alternext in Paris.

CFTC Charges J.P. Morgan Securities LLC With Repeatedly Submitting Inaccurate Large Trader Reports And Imposes A $650,000 Civil Monetary Penalty

Date 29/07/2014

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against J.P. Morgan Securities LLC (JPMS), a wholly-owned subsidiary of JPMorgan Chase & Co. and a CFTC-registered Futures Commission Merchant (FCM), for submitting inaccurate reports to the CFTC relating to the required reporting of positions held by certain large traders whose accounts are carried by JPMS. The reporting violations occurred despite the CFTC notifying JPMS of numerous errors in its reports. The CFTC Order requires JPMS to pay a $650,000 civil monetary penalty to address its unlawful conduct.

DTCC Collaborates With The Industry To Launch New Client Data And Documentation Utility

Date 29/07/2014

• New industry solution, Clarient Entity Hub, to provide centralized services for all client data and documents needed to satisfy internal on-boarding and help firms meet broader related regulatory requirements including Know Your Customer (KYC), Foreign Account Tax Compliance Act (FATCA), European Market Infrastructure Regulation (EMIR) and Wall Street Reform and Consumer Protection Act (Dodd-Frank)
• Six founder banks and DTCC to deliver a comprehensive solution, combining innovative new technology with existing DTCC capabilities in the client reference data space

NASDAQ OMX To Provide SMARTS Integrity Market Surveillance Platform To trueEX Group

Date 29/07/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) andtrueEX Group LLC, a Commodity Futures Trading Commission (CFTC)-regulated exchange for interest rate swaps, have announced a five-year partnership during which NASDAQ OMX will provide the SMARTS Integrity market surveillance platform to trueEX. The solution is now live and monitors both trueEX's Designated Contract Market (DCM) and its Swap Execution Facility (SEF).

HKFE Announces Revised Margins For Futures Contracts

Date 29/07/2014

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Friday, 1 August 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

Platts Report: China Oil Demand Rose 2.7% In June Versus A Year Ago - June Demand Up 8.6% From May - Above 10 Million Barrels Per Day 2nd Time This Year

Date 29/07/2014

China's apparent oil demand* in June turned directions from May and climbed  2.7% versus the same month a year ago to 41.94 million metric tons (mt) or an average 10.25 million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data.  On a month-over-month basis, apparent oil demand was up 8.6% from May.

The Spanish Stock Market Admits To Trading The First Stayhigh / Staylow Products

Date 29/07/2014

• They are listed products for investing in an asset which is expected to be above or below a given barrier level
• They comprise 13 StayHigh series and 11 StayLow on indices and shares
• Société Générale is the first issuer of this type of products on the Spanish stock market