News Centre

Rabobank To Pay $475 Million Penalty To Settle Manipulation And False Reporting Charges Related To LIBOR And Euribor - CFTC Order Finds That For Nearly Six Years, Rabobank Engaged In Acts Of Manipulation, Attempted Manipulation And False Reporting Of U.S. Dollar, Yen And Sterling LIBOR And Euribor

Date 29/10/2013

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order againstCoöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank or the Bank), bringing and settling charges of false reporting and attempted manipulation of the London Interbank Offered Rate (LIBOR) for U.S. Dollar, Yen and Sterling, and of the Euro Interbank Offered Rate (Euribor) and charges of successful manipulation of Yen LIBOR. The CFTC also settled charges that Rabobank, at times, aided and abetted the attempts of derivatives traders at other banks to manipulate Yen LIBOR and Euribor. These violations, which spanned nearly six years, involved more than two dozen employees working out of six offices on three continents. Rabobank is obligated to pay a penalty of $475 million, and the company is ordered to take further steps to ensure the integrity of its LIBOR and other benchmark interest rate submissions in the future.

CEO Of Qatar Exchange Attends The 53rd General Assembly And Annual Meeting Of The World Federation Of Exchanges In Mexico - QE Expects To Obtain Full Membership In The Federation

Date 29/10/2013

Mr. Rashid Bin Ali Al Mansouri, CEO of Qatar Exchange arrived today in Mexico City to participate in the 53rd General Assembly & Annual Meeting of the World Federation of Exchanges (WFE), due to be held there from 29-30 October 2013.  

Thomson Reuters Reports Third-Quarter 2013 Results

Date 29/10/2013

• Revenues grew 2% before currency
• Adjusted EBITDA grew 4% to $845 million with a margin of 27.5%, up 100 basis points
• Underlying operating profit grew 3% to $548 million with a margin of 17.8%, up 30 basis points
• Adjusted earnings per share were $0.48, unchanged from prior-year period
• Financial & Risk Q3 net sales positive; Surpassed 100,000 installed Eikon desktops in October
• Positioned to accelerate transformation
  • Up to $1 billion of share repurchases planned
  • Planned charge of approximately $350 million to be incurred primarily in Q4
  • Increasing focus on organic growth and scale initiatives
• 2013 Outlook affirmed (excluding planned charge and pension contribution)

Azul Systems Launches New Release Of Open Source jHiccup - System Diagnostic And Monitoring Tool Provides Quick Picture Of Java Applications As They Run In Production And Test Environments

Date 29/10/2013

Azul Systems, Inc. (Azul), the award-winning leader in Java runtime scalability, today announced that a new version of its free and open source jHiccup tool has been released, with sources available on GitHub. Developed by Azul CTO Gil Tene, jHiccup provides insight into an application's platform-level latency and operating characteristics, including the ability in the new release to monitor such behavior of an existing live application without restarting the application.

TriOptima Collaborates With Industry To Reduce 25% Of iTraxx And 56% Of CDX Index Tranche Legacy Notionals

Date 29/10/2013

TriOptima announces that it has worked with industry participants to implement an advanced triReduce compression methodology for Index Tranche trades with non-standard coupons, known as “legacy” trades as well as the more recent Index Tranche trades with standard coupons.

HKFE Announces Revised Margins For Futures Contracts

Date 29/10/2013

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 Friday, 1 November 2013, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below.  The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

Moscow Exchange Indices Weekly Review: October 21-25, 2013

Date 29/10/2013

Weekly review: October 21-25, 2013 (pdf, 577 Кb)

Deutsche Boerse Complements IT Management Team - Effective 1 February 2014, René W. Keller Will Assume Responsibility For Applications & Architecture As Well As Group CIO - Direct Reporting Line To Hauke Stars, Member Of The Deutsche Börse AG Executive Board

Date 29/10/2013

With effect from 1 February 2014, René W. Keller (aged 49) is to assume group-wide responsibility for Applications & Architecture as well as the role of Group CIO within the IT&MD+S Executive Board area of Deutsche Börse AG. The Swiss-born IT engineer will report directly to Hauke Stars, Executive Board member of Deutsche Börse AG.

Tanuja Randery Joins BT Global Services

Date 29/10/2013

BT today announced the appointment of Tanuja Randery as president for strategy and marketing for BT Global Services, reporting to chief executive officer Luis Alvarez.
 

EEX: First Trade In Italian Power Futures Registered

Date 29/10/2013

The first trading transaction in Italian power futures was registered yesterday on the European Energy Exchange (EEX) for clearing via the European Commodity Clearing (ECC). The trade with a volume of 7,200 megawatt hours and a price of EUR 62.25 per MWh for delivery in November 2013, was concluded between Gunvor International B.V. and A2A Trading S.r.l. via the broker Spectron Energy Services Limited.