News Centre

UK's Financial Conduct Authority: HomeServe Fined £30 Million For Widespread Failings

Date 13/02/2014

The Financial Conduct Authority (FCA) has issued its largest ever retail fine of £30,647,400 to HomeServe Membership Limited (HomeServe). The FCA found that HomeServe had serious, systemic and long running failings, extending across many key aspects of its business.  In particular, during the period January 2005 to October 2011 it mis-sold insurance policies, failed to investigate complaints adequately, its Board was insufficiently engaged with compliance matters and its senior management were reluctant to address risks to customers if there was a cost implication involved.

Chi-X Japan Appoints Makoto Nagahori As President And COO

Date 13/02/2014

Chi-X®  Japan Limited, a wholly owned subsidiary of alternative market operator Chi-X® Global Holdings LLC, today announced the appointment of Makoto Nagahori as President and COO of Chi-X Japan.

Tokyo Stock Exchange: ETF/ETN Monthly Report For Jan 2014

Date 13/02/2014

Average daily trading value surges past last month's record high!

• In January, the ETF/ETN market reached a new record high in ADV of about JPY 146 billion. Monthly trading value was at about JPY 2.77 trillion, staying close to last month's high.
• NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund (1570) accounted for the majority of the trading value. TOPIX Bull 2x ETF (1568) also saw growing activity.
• The market welcomed two new ETFs tracking the JPX-Nikkei Index 400 on January 28 (Tue.). NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund (1591) and Listed Index Fund JPX-Nikkei 400 (1592) both got off to a smooth start. The former ranked 18th in monthly trading value despite being traded for only four days while the latter came in at 25th in the rankings (the table in the attachment only includes the top 20 issues).

ASX Half-Year Interim Dividend – FY14

Date 13/02/2014

The ASX Limited Board (the Board) announced today that it has determined to pay an interim dividend for the half-year ended 31 December 2013 of 88.2 cents per share fully franked to holders of fully paid ordinary shares.

Tokyo Stock Exchange: Indicative NAV Published For New ETFs Through The FLEX Standard Service

Date 13/02/2014

Beginning on March 17, 2014, Tokyo Stock Exchange, Inc. (TSE) will publish the real-time Indicative Net Asset Value (Indicative NAV) per share through the FLEX standard service for the below six Exchange Traded Funds (ETFs)and one Exchange Traded Note (ETNs)

ASX Limited Half-Year Results To 31 December 2013

Date 13/02/2014

Financial highlights (all comparisons to the prior corresponding period)

Net profit $189.6 million, up 10.8%

• Operating revenue $329.3 million, up 8.0%
• Interest and dividend income $34.2 million, up 36.0%
• Operating expenses $77.2 million, up 8.3%
• Depreciation and amortisation $16.3 million, up 6.1%

DTCC Helps Launch NIST Cybersecurity Framework - Broad Spectrum Of Industry Leaders Convene At White House To Support New Cybersecurity Framework

Date 13/02/2014

The Depository Trust & Clearing Corporation (DTCC) today participated in the White House release of the National Institute of Standards and Technology (NIST) Cybersecurity Framework. The Framework represents the efforts of the public and private sectors working collaboratively and consists of best practices and guidelines to assist the private sector to reduce cyber risks. 

SEC Fee Rate Advisory #3 For Fiscal Year 2014

Date 13/02/2014

The Securities and Exchange Commission today announced that starting on March 18, 2014, the fee rates applicable to most securities transactions will be set at $22.10 per million dollars.  The assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction.

Eris Exchange Announces UBS Execution And Clearing For Buy-Side Clients Ahead Of The SEF Trading Mandate

Date 12/02/2014

Eris Exchange announced today the first execution of Eris Standard Swap Futures by UBS Securities LLC, a division of UBS AG, acting for a buy-side client. Buy-side market participants can take advantage of familiar agency execution and clearing of Eris Swap Futures as an alternative to OTC interest rate swaps, which are mandated for trading through Swap Execution Facilities (SEF) beginning later in February. 

Opening Statement Of CFTC Commissioner Scott D. O’Malia, Meeting Of The Global Markets Advisory Committee

Date 12/02/2014

I thank Acting Chairman Wetjen for calling this meeting to begin discussions regarding the impacts of the Commission’s cross-border guidance and the staff’s notorious November 14 advisory further expanding our jurisdiction over swaps trading by non-U.S. persons.