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BGC Partners Announces Intent To Commence All Cash Tender Offer To Acquire GFI Group Shares For $5.25 Per Share - Provides Superior Value And Immediate Liquidity To GFI Group Shareholders - Combination Will Enhance BGC's Brokerage Capabilities And Expand Presence In Energy Markets

Date 09/09/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company primarily servicing the financial and real estate markets, yesterday announced it intends to commence a tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: GFIG) for $5.25 per share in cash in a transaction valued at approximately $675 million.  BGC currently owns approximately 13.5% of GFI Group's common stock.  BGC notified the GFI Group Board of Directors by letter earlier yesterday of its intention to commence a tender offer.  The text of the letter is set forth below.

Calastone Appoints Industry Veteran Jonathan Willis As Chief Commercial Officer

Date 09/09/2014

Calastone, the global funds transaction network, today announced the appointment of Jon Willis as Chief Commercial Officer starting 1^st October 2014.  

diliger Enhances Procurement Service With Comparison Reports - New Grid Reports Make It Easier To Compare Capital Markets Solutions And Negates Need To Maintain In-House Records

Date 09/09/2014

diliger, the rapidly growing procurement support platform for investment and capital markets professionals, announced today the release of new functionality to compare systems, market data, infrastructure and securities services.  

Russia Consumer Sentiment Hits Record Low - MNI Russia Consumer Indicator Falls By 9.4 Points To 81.7 In August

Date 09/09/2014

Russian consumer sentiment plummeted to an alltime low in August following the downing of Malaysia Airlines flight MH17, the imposition of Tier 3 sectoral sanctions and the retaliatory Russian food ban.

Companies Can Influence HFT Trading In Their Own Stocks – CMCRC

Date 09/09/2014

The Capital Markets Cooperative Research Centre (CMCRC) has released new analysis on the influence of tick size on HFT and algorithmic trading.

Platts China Steel Sentiment Index Indicates Weak Demand, Price Outlook - Monthly Index Totaled 45.88, Down 1.09 Points From August’s Reading Of 46.97

Date 09/09/2014

The health of China’s steel sector may be poised for a less than robust immediate future, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a September reading of 45.88 out of a possible 100 points. This is down 1.09 points from an August reading of 46.97 and is the third consecutive month the index has remained below 50, indicating that market participants see demand for steel softening.

Japan's Financial Services Agency: Joint Workshop On Banking Supervision With The Indonesia FSA (OJK)

Date 09/09/2014

1. Japan FSA and Indonesia FSA (OJK) had a joint workshop on banking supervision from Tuesday, August 26 to Friday, 29, 2014 in Indonesia.

Calastone Hits Flow Milestone, Replaces One Million Faxes Per Year

Date 09/09/2014

Calastone, the global transaction network for the managed fund industry, today announced that the firm had reached flows of 1,000 orders per day.

Colombian Coffee Growers Federation - Record Turnout In This Year's Coffee Grower Elections In Colombia

Date 09/09/2014

According to preliminary figures received from 96% of the polling stations thus far, a total of 245,180 farmers in 568 municipalities in 17 departments of Colombia participated in Colombia's coffee grower elections which took place on September 6 and 7.

Testimony By Federal Reserve Governor Daniel K. Tarullo - Dodd-Frank Implementation, Before The Committee On Banking, Housing, And Urban Affairs, U.S. Senate, Washington, D.C.

Date 08/09/2014

Chairman Johnson, Ranking Member Crapo, and other members of the committee, thank you for the opportunity to testify on the Federal Reserve's activities in mitigating systemic risk and implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). In testifying before this committee in February, I noted my hope and expectation that this year would be the beginning of the end of our implementation of the major provisions of the Dodd-Frank Act. Seven months later, we are on track to fulfill that expectation. The Federal Reserve and other banking supervisors have continued to make progress in implementing the congressional mandates in the Dodd-Frank Act, promoting a stable financial system, and strengthening the resilience of banking organizations. In today's testimony, I will provide an update on the Federal Reserve's implementation of the Dodd-Frank Act and describe key upcoming regulatory and supervisory priorities to address the problems of "too big to fail" and systemic risk. The Federal Reserve is committed to continuing to work with our fellow banking agencies and with the market regulators to help ensure that the organizations we supervise operate in a safe and sound manner and are able to support activity in other sectors of the economy.