News Centre

General Approach On Anti-Money Laundering (AML) Legislative Package Agreed By EU Member States

Date 18/06/2014

During today’s (18.06.2014) Coreper meeting, Ambassadors of the 28 EU member states agreed on a General Approach on the Anti-Money Laundering (AML) legislative package, comprising the 4th AML Directive and the new Fund Transfer Regulation.

Hong Kong's Securities And Futures Commission Proposes To Amend Exemptions For Disclosure Obligations

Date 18/06/2014

The Securities and Futures Commission (SFC) today began a one-month consultation on proposals to amend the Guidelines for the Exemption of Listed Corporations from Part XV of the Securities and Futures Ordinance (Disclosure of Interests) (the Guidelines).

Intercontinental Exchange Agrees To Sell Wombat Financial Software To SR Labs

Date 18/06/2014

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that it has signed a definitive agreement with SR Labs for the sale of the Wombat Financial Software, a unit of NYSE Technologies. The transaction is expected to close in third-quarter 2014 and terms were not disclosed.

Hong Kong's Securities And Futures Commission Bans Li Tak Wa For 15 months

Date 18/06/2014

The Securities and Futures Commission (SFC) has banned Mr Li Tak Wa from re-entering the industry for 15 months from 18 June 2014 to 17 September 2015.

CME Group And BarclayHedge Honor Managed Futures Leaders At Third Annual Managed Futures Pinnacle Awards

Date 18/06/2014

Last night CME Group and BarclayHedge recognized managed futures industry leaders at the third annual Managed Futures Pinnacle Awards. The ceremony featured live entertainment by Comedian Frank Caliendo.

Announcement Of Renminbi Clearing Bank In London

Date 18/06/2014

The People’s Bank of China (PBoC) has confirmed the appointment of China Construction Bank as the Renminbi (RMB) clearing bank in London.  This follows the signing of a Memorandum of Understanding (MoU) on RMB clearing and settlement in London between the PBoC and Bank of England on 31 March 2014, setting out the cooperation between the two institutions relating to the operations of the RMB clearing and settlement service in London, in the broader context of encouraging cross-border use of RMB to support the longer-term rebalancing of the world economy.

New Study On Global Collateral Highlights Immobilization Of Inventory - Academic Study At The London School Of Economics And Political Science Provides Overview Of Current And Projected Collateral Supply And Demand As Well As Challenges Facing The Industry

Date 18/06/2014

A comprehensive academic studypublished at the London School of Economics and Political Science (LSE) and supported by The Depository Trust & Clearing Corporation (DTCC) has revealed that although an overall shortage of collateral is unlikely despite new global regulatory obligations and tighter risk controls mandating increased collateral requirements, access to collateral could become a challenge as firms seek wider sources of liquidity and assets.

Bank Of England: Minutes Of The Monetary Policy Committee Meeting Held On 4 And 5 June 2014

Date 18/06/2014

The Governor invited the Committee to vote on the propositions that:

• Bank Rate should be maintained at 0.5%;
• The Bank of England should maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

Institute Of Trading And Portfolio Management Hires Jason McDonald As Senior Trading Mentor

Date 18/06/2014

The Institute of Trading and Portfolio Management has today announced a significant addition to their global trading operation by hiring former Hedge Fund Manager and Proprietary trader Jason McDonald as a senior Trading Mentor.

TOCOM Kerosene Advances Highest In Nearly 6 Years

Date 18/06/2014

The December 2014 contract (most active back contract month) for Kerosene futures recorded the highest prices in 6 years and 9 month since September 25, 2008 at 83,990 yen per kiloliter..