News Centre

Platts: TSI ASEAN HRC-Based Singapore Exchange Steel Derivatives Well Received - The Steel Index (TSI)-Based Steel Futures And Swaps Complete First Month

Date 26/03/2014

The Singapore Exchange’s (SGX) newly introduced steel futures and swaps contracts, which were launched in February and based on the daily spot ASEAN hot rolled coil (HRC) imports price index of The Steel Index (TSI), saw solid industry support in their first month of trading.

Monetary Authority Of Singapore Continues Its Support For A Term Professorship In Economics And Finance At National University Of Singapore - The Extension Of The Term Professorship Will Further Strengthen The Research Culture In Singapore And Enhance Research Capabilities In Finance And Economics Relevant For Industry, Policy And Academia

Date 26/03/2014

The Monetary Authority of Singapore (MAS) has reaffirmed its commitment to sponsor the professorship in economics and finance at the National University of Singapore (NUS).  Commencing from 1 April 2014, MAS’ sponsorship for another five years signals MAS' strong support for the programme, which has been successful in facilitating the exchange of research ideas and interests in applied economics and finance in Singapore.

New Zealand's Financial Markets Authority: A Second Contributory Mortgage Broker Pleads Guilty

Date 26/03/2014

First Mortgage Investments Limited, a contributory mortgage broking firm, has been convicted and fined $4,000 plus court costs for failing to deliver its annual report to the Registrar of Companies by 30 June 2013. First Mortgage pleaded guilty to the charge laid by the Financial Markets Authority (FMA).

Shenzhen Stock Exchange Market Bulletin 24 March, 2014 - Issue 10

Date 26/03/2014

Last week, Shenzhen Component Index stood at 7241.6 points, the same level as the end of last week. SME Index closed at 4801.3 points after losing 0.7%. ChiNext Index was down 1.0% to 1419.8 points. Total turnover for stocks and funds on SZSE was US$94.4 billion, or a 9.8% increase from the week before.

US And European Financial Services Trade Associations Statement On TTIP

Date 25/03/2014

The undersigned financial services trade associations, based in the US and Europe, today issued the following statement in support of a Transatlantic Trade and Investment Partnership (TTIP) that includes financial services regulatory coordination, in advance of the March 26 EU-US Summit attended by US President Barack Obama, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso:

“The EU-US Summit being held this week offers the opportunity for policymakers to further strengthen the longstanding ties of friendship and trust between the two jurisdictions and to deepen their coordination on economic issues to significant mutual advantage.  As part of this, there is the opportunity to enhance their financial regulatory coordination process.  This is fundamental to our intertwined economies and financial markets.  Importantly, a financial services regulatory framework between the US and EU would facilitate and guide efforts to promote consistent and coordinated high-quality regulatory standards in global markets, providing significant benefits to clients.  The opposite approach – divergent and conflicting regulation – risks damaging global growth, job creation, and investment and may hinder the important advances in the effectiveness and strengthening of the new regulatory environment."

OCC Bulletin: Collateralized Debt Obligations Backed Primarily By Trust Preferred Securities: Interim Final Rule

Date 25/03/2014

Summary

On January 14, 2014, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission approved an interim final rule to permit banking entities to retain interests in certain collateralized debt obligations backed primarily by trust preferred securities (TruPS CDOs), notwithstanding the investment prohibitions of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), known as the Volcker Rule.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion And Replacement In The S&P/TSX 60 Index

Date 25/03/2014

S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

Shoppers Drug Mart Corporation (TSX:SC) has announced the receipt of all regulatory, shareholder and court approvals for its transaction with Loblaw Companies Limited (TSX:L). The shares of Shoppers Drug Mart will be acquired by Loblaw Companies in exchange for a combination of cash and shares. The shares of Shoppers Drug Mart will be removed from the S&P/TSX Composite, Capped Composite and Composite Equal Weight, the S&P/TSX 60, 60Capped,  60  130/30  and  60  Equal  Weight,  the  S&P/TSX  Capped  Consumer  Staples,  the S&P/TSX Composite Dividend and the S&P/TSX Canadian Dividend Aristocrats Indices after the close of trading on Monday, March 31, 2014. Pembina Pipeline Corporation (TSX:PPL) will be removed from the S&P/TSX Completion Index and added to the S&P/TSX 60, 60 Capped, 60Equal Weight and the S&P/TSX Equal Weight Oil & Gas Indices. Pembina Pipeline will not be added to the S&P/TSX 60 130/30 Index at this time. The relative weight of Loblaw Companies will be increased in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60 and 60 Capped,  the  S&P/TSX  Capped  Consumer  Staples  and  the  S&P/TSX  Composite  Dividend Indices to reflect the issuance of new shares as part of the transaction. There will be no relative weight change at this time for Loblaw Companies in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight or the S&P/TSX 60 130/30 Indices.

NYSE MKT Issues Short Interest Report

Date 25/03/2014

NYSE MKT (formerly known as NYSE Amex) today reported short interest as of the close of business on the settlement date of March 14, 2014.

NASDAQ Announces Mid-Month Open Short Interest Positions In NASDAQ Stocks As Of Settlement Date March 14, 2014

Date 25/03/2014

At the end of the settlement date of March 14, 2014, short interest in 2,179 NASDAQ Global MarketSM securities totaled 7,533,158,166 shares compared with 7,272,486,663 shares in 2,175 Global Market issues reported for the prior settlement date of February 28, 2013. The Mid-March short interest represents 3.75 days average daily NASDAQ Global Market share volume for the reporting period, compared with 3.99 days for the prior reporting period.

NYSE Group Inc. Issues Short Interest Report

Date 25/03/2014

The NYSE Group, Inc. today reported short interest as of the close of business on the settlement date of March 14, 2014.