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FTSE Mondo Visione Exchanges Index: 99,805.55 +277.25

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  • HKEx: Legal Proceedings Involving A Subsidiary

    Date 27/03/2014

    As disclosed on 24 December 2013, The London Metal Exchange (“LME”), an indirectwholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (“HKEx” or the “Company”), was named as a defendant in a judicial review claim commenced by United Company RUSAL Plc (“Rusal”) and filed in the English High Court on 23 December 2013. The judicial review sought to challenge the LME’s decision to introduce changes in its warehousing policy as announced in its notice dated 7 November 2013.  The decision on changes to the warehousing policy was made following a three-month market consultation commenced by LME in July 2013 on changes to its policy regarding the delivery out rates of LME approved warehouses.  The hearing of the judicial review claim took place on26 and 27 February 2014, and judgment was handed down on 27 March 2014.  Although the court found in the LME’s favour on nearly all substantive and procedural points raised by Rusal, and made no adverse comments on the substantive merits of the proposed changes to its warehousing policy, the court found in favour of Rusal on one specific procedural issue, that the consultation should have encompassed or made reference to the option of banning or capping rent in queues.  The court recognised the LME’s interest in taking action to manage the queues in accordance with its obligation to maintain an orderlymarket and ensure the integrity of its price discovery function.

  • The NASDAQ Stock Market Leads U.S. Exchanges For IPOs In Q1 2014 - 74 New U.S. Listings Including 45 IPOs - Remains The Leading U.S. Exchange For Healthcare, Technology And Venture Capital-Backed IPOs

    Date 27/03/2014

    The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that to date in the first quarter it welcomed 74 new listings, including 45 initial public offerings (IPOs) on The NASDAQ Stock Market, more than double the number of IPOs of any other U.S. exchange. Combined proceeds raised by NASDAQ's first quarter IPOs totaled approximately $2.6 billion, a 20 percent increase from first quarter figures in 2013. In addition, 98 percent of NASDAQ's IPOs filed as "emerging growth companies," the new class of issuer created under the JOBS Act.

  • CFTC Charges New York-Based SK Madison Commodities, LLC And Its Principals, Michael James Seward And Yan Kaziyev, With Commodity Pool Fraud And Other Violations - Federal Court Issues Emergency Order Freezing Assets And Protecting Books And Records

    Date 27/03/2014

    <p>The U.S. Commodity Futures Trading Commission (CFTC) today announced that on March 24, 2014, Judge Sidney Stein of the U.S. District Court for the Southern District of New York (Manhattan) issued an emergency Order freezing and preserving the remaining pool participant assets under the control of <strong>Michael James Seward</strong>, <strong>Yan Kaziyev</strong>, and their company<strong> SK Madison Commodities, LLC </strong>(SKMC), a Commodity Pool Operator based in New York City.  The Order also freezes assets controlled by a successor company, <strong>SK Madison, LLC</strong>, prohibits Seward, Kaziyev, and SKMC from destroying books and records, and allows the CFTC immediate access to those records.</p>

  • SunGard Tops Six Categories In Energy Risk Magazine’s 2014 Software Rankings

    Date 27/03/2014

    SunGard has been ranked number one in six categories of Energy Risk magazine's annual Software Rankings 2014. SunGard was voted the best energy trading and risk management (ETRM) system for regulatory compliance, access to multiple OTC cleared energy markets, power, front office and trade capture, best market knowledge, and ease of integrating with other systems.

  • NASDAQ OMX Announces 15% Increase Of Quarterly Dividend To $0.15 Per Share

    Date 27/03/2014

    The Board of Directors of The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has declared a regular quarterly dividend of $0.15 per share on the company's outstanding common stock, an increase of 15% from the prior $0.13 per share quarterly dividend. The dividend is payable on June 27, 2014, to shareowners of record at the close of business on June 13, 2014. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.