News Centre

Platts Report: China Oil Demand Fell 2.3% In September Versus A Year Ago - Apparent Demand Decline Reflected In Lower Refinery Utilization, Net Imports

Date 23/10/2013

China's apparent oil demand in September fell by 2.3% to an average 9.66 million barrels per day (b/d) or 39.55 million metric tons (mt) versus year-ago data, according to a Platts analysis of Chinese government data.

SEC Sanctions Three Firms Under Compliance Program Initiative

Date 23/10/2013

Securities and Exchange Commission today sanctioned three investment advisory firms for repeatedly ignoring problems with their compliance programs.

Time Synchronization Critical For High-Speed Trading Firms To Stay Compliant And Profitable In 2014 - Human Error, Technology Limitations And GPS Spoofing Among Major Threats

Date 23/10/2013

To successfully execute on complex trading strategies and to stay in compliance, a firm must know the exact time that events happen, such as ticks, trades, and computed correlations. If a time stamp is off, it could be the difference between a successful trade and a debilitating business challenge. For the last 4 years, FSMLabs, has provided some of the world’s leading financial trading firms software and hardware for high-precision time synchronization and distribution to prevent intentional and accidental time errors, manage compliance, and guard against malicious attacks. However, a large number of financial firms still do not recognize just how easily time can be compromised. 

Remarks At Open Meeting, SEC Chair Mary Jo White - Government In The Sunshine Act, Crowdfunding Chair Mary Jo White

Date 23/10/2013

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on October 23, 2013, under the Government in the Sunshine Act.

Preview: Financial Conduct Authority’s Chief Executive Martin Wheatley's Manion House Speech

Date 23/10/2013

In a speech at Mansion House today, the Financial Conduct Authority’s chief executive Martin Wheatley will discuss fairness, the importance of looking forward, and cultural reform as the key to preventing future crises. Martin will  be speaking at 9pm.

Statement At Open Meeting Regarding Crowdfunding, SEC Commissioner Michael S. Piwowar, Washington, D.C., Oct. 23, 2013

Date 23/10/2013

Thank you, Chair White. 

Eighty years ago, Congress enacted the Securities Act, ushering in a new era in securities regulation.  The law’s fundamental premise was that if a company sought to sell its securities publicly, then it must file a registration statement with the government and deliver a prospectus containing statutorily required information to prospective investors.  Since that time, however, the manner and tools by which investors make investment decisions have changed dramatically.  Information about a company that would be so costly for an individual to obtain in 1933 can now be gathered easily by anyone around the world via the Internet.  And, further, the ability to communicate across the Internet allows persons to collectively express their opinions on any number of subjects, whether reviewing a product, a service provider, a movie, or a restaurant.

Thomson Reuters Launches Canadian Mortgage-Backed Securities Pricing Service - New Pricing Service Expands Breadth Of Evaluated Pricing Coverage In Canada

Date 23/10/2013

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the launch of evaluated pricing for Canadian mortgage-backed securities (MBS) to assist customers in accessing accurate end-of-day pricing. The new pricing offering is part of Thomson Reuters Pricing Service (TRPS), a global solution that provides evaluated prices to support portfolio, fund and single security valuations.

BATS Global Markets And Direct Edge Transaction Granted Early Termination Of HSR Waiting Period - Transaction Expected To Close During First Half Of 2014

Date 23/10/2013

BATS Global Markets, Inc. (BATS) and Direct Edge Holdings LLC (Direct Edge) today received notification that early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has been granted with respect to the proposed merger between BATS Global Markets and Direct Edge. 

ISE Gemini Surpasses 500,000 Contracts In A Trading Day - ISE Gemini Equity And ETF Options Market Share Accounted For Over 3 percent Of Total Volume

Date 23/10/2013

The International Securities Exchange (ISE) today announced that ISE Gemini^TM surpassed two milestones for the first time by trading over 500,000 contracts (actual: 601,901 contracts) in a single day, and also accounting for over 3 percent  (actual: 3.3%) of equity and ETF options market share. ISE Gemini has a total of 500 listings and plans to rollout an additional 200 names by the end of October.

BM&FBOVESPA Adopts Greenhouse Gas Emissions Compensation

Date 23/10/2013

BM&FBOVESPA will start annual compensation of its greenhouse gas emissions that cannot be reduced, thus becoming carbon neutral. This initiative is being backdated to 2011 and 2012 and seeks among other things to encourage the adoption of best sustainability practices by listed companies and by the market as a whole. This course of action is also in line with the Exchange’s Sustainability Policy – approved by the Board of Directors in 2013 – and cements the commitment to business initiatives related to climate change.