News Centre

UK’s Financial Conduct Authority Review Shows Too Many Advisory Firms Are Not Yet Clear Enough With Their Customers On Their Charges And Services

Date 07/04/2014

Too many advisory firms are not being clear with consumers on how much advice costs, the type of service they offer (whether it is restricted and the nature of the restriction) and what on-going services they provide. The Financial Conduct Authority’s (FCA) latest review into disclosure by financial advisers found that 73 per cent of firms failed to provide the required information on the cost of advice.  

STAC-N1™ Benchmarks Prove Metamako Latency Is Barely Detectable

Date 07/04/2014

Australian-based Metamako, supplier of ultra-low latency devices to exchanges and the trading community, has announced the results of STAC-N1 Benchmarks carried out by the Securities Technology Analysis Center LLC (STAC®).

TOCOM Announces Most Active Trading Hours For Agricultural And Oil Products

Date 07/04/2014

As part of its efforts to grow the Agricultural Products & Sugar, Chukyo-Oil and the Gas Oil contracts, the Tokyo Commodity Exchange, Inc. announced today the “time zones with the most active trading” for these markets. The information details the hours where trade is most active and could make it easier to execute transactions.

HKFE Announces Revised Margins For HKEx Futures

Date 07/04/2014

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 Wednesday, 9 April 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below.  The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

G. H. Financials Selects Orc’s Electronic Execution Solution To Expand Its Clearing Business

Date 07/04/2014

Orc, the global leader in derivatives trading technology, today announced that G. H. Financials, a leading clearing and settlement services provider, has chosen Orc’s Electronic Execution solution to support its expansion into the options clearing business globally. Delivered as a managed service, it enables G. H. Financials to provide their clients with low latency, ESMA compliant market access together with advanced pre-trade risk management.

NASDAQ OMX Commodities Expands Into New Markets As Part Of Global Strategy - Integration Of NOS Clearing Expands Offering To Include Global Freight, Seafood And Fuel Oil

Date 07/04/2014

NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) today completed the integration of NOS Clearing ASA into NASDAQ OMX Clearing AB. Thereby NASDAQ OMX Commodities continues its global expansion strategy into new markets. The integration of NOS Clearing products and staff provides NASDAQ OMX Clearing with additional capabilities in the global commodities markets. Clients across the globe gain access to a wide variety of new products including tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore and electricity certificates.

GreySpark: Majority Of Asia-Pacific Buyside Firms Are Unprepared For OTC Derivatives Clearing Regulations

Date 07/04/2014

• Asia-Pacific buyside firms are largely unprepared for the future complexity of OTC derivatives central clearing regulations in the region, according to investment bank clearing brokers.
• While most Asia-Pacific buyside firms have not yet selected a clearing broker for trades in uncleared OTC derivatives, the companies are asking banks to provide them with the same central clearing value-added services available to the buyside in the EU and US.

Aquis Exchange Appoints Richard Bennett As An Independent Non-Executive Director

Date 07/04/2014

Aquis Exchange, the subscriptions-based European equities exchange*, today announced that Richard E T Bennett has joined its board as an independent non-executive director. 

Kevin Green Joins Contango From Santander - Leading Derivatives Consultancy Also Strengthens Project Management Capability

Date 07/04/2014

Contango, the specialist derivatives consultancy, is delighted to announce a key addition to its burgeoning team of industry specialists with the arrival of Kevin Green, most recently, executive director at Santander as Director, Sales and Account Management.

SGX Commodities Newsflash: A Quantum Leap In Iron Ore Derivatives

Date 07/04/2014

• SGX Iron Ore derivatives reached record monthly volumes and open interest of 48.8 mil MT and 35.5 mil MT respectively on the back of higher volatility and more counterparties.

• Deeper liquidity along the entire SGX Iron Ore forward curve makes for more effective hedging.

• Potential convergence of SGX Iron Ore and DCE Iron Ore prices for the maturing contract, indicates spread trading opportunities.