News Centre

EEX Trading Results In March - Power Volume Increased 38 Percent Year-On-Year – Record In Trade Registration For Italian Power Futures – Increase On The EUA Secondary Derivatives Market

Date 01/04/2014

In March 2014, the total volume in power derivatives on the European Energy Exchange (EEX) amounted to 132.0 TWh which is an increase of 38 percent compared to the same month of the previous year (March 2013: 95.7 TWh).

MAS Obtains Default Judgement Of $2.97M Against Norman Phua Chun Han For Insider Trading And Employment Of Manipulative And Deceptive Devices

Date 01/04/2014

The Monetary Authority of Singapore (MAS) commenced civil penalty court action against Mr Norman Phua Chun Han and has been awarded a default judgment of $2,965,414.75 against Mr Phua, comprising a civil penalty amount of $2,865,414.75, for insider trading under Section 218(2)(a) and/or Section 218(2)(b) of the Securities and Futures Act (SFA), and $100,000, for the employment of manipulative and deceptive devices in connection with the purchase and sale of securities under Section 201(b) of the SFA.

SGX Derivatives Market Re-Starts After Hardware Interruption

Date 01/04/2014

Singapore Exchange (SGX) today suspended trading on its derivatives market at 4.15 pm Singapore time due to a network hardware interruption, and the market re-started trading at 7.45 pm.

HKEx Change In Senior Executives

Date 01/04/2014

Hong Kong Exchanges and Clearing Limited (HKEx) announces the following appointments, all effective 1 April 2014.

Michel Barnier, Member Of The European Commission, Responsible For Internal Market And Services - Turning A Corner In Financial Services - Closing Remarks At The EUROFI High Level Seminar 2014

Date 01/04/2014

Ladies and gentlemen,

My thanks to Jacques de Larosière and to Didier Cahen for inviting me to close this year's EUROFI High Level Seminar.

As usual, it has acted as a platform to exchange ideas; brought together many respected speakers from both industry and public authorities; and given us plenty of food for thought.

Before we start, I would like to pay tribute to Jurgen HOLMQUIST whom many of you knew and respected. He was my first Director General in 2010 and I admired him greatly. He died suddenly on Friday and our thoughts are with his family.

Warwick Business School Associate Professor Of Finance Dr. Roman Kozhan Comments On FBI Probe Into High-Speed Trading

Date 01/04/2014

Commenting on the FBI probe into high-speed trading on US stock markets, Warwick Business School Associate Professor of Finance, Dr Roman Kozhan said: “There may be two possible aspects here. First question is whether or not high-frequency traders manipulate the markets. You can do it, possibly, by sending false signals to the market participants and expecting to turn their actions into profit a few seconds or milliseconds later. One of several possible ways of doing this is ‘flash trading’. There is a possibility of increasing market volatility and destabilising the market by adopting these sorts of strategies."

Press Conference By Taro Aso, Japan's Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services - Bitcoin

Date 01/04/2014

[Questions and answers]

Q.

With regard to Bitcoin, I believe the Cabinet today approved a written reply to the Memorandum on Questions submitted by a DPJ member of the House of Councilors. There have been calls even within the ruling party for regulation of Bitcoin, so please let us hear your opinion on the future prospects for regulation.

A.

A written reply to the Memorandum on Questions has been approved by the Cabinet, and this will be made publicly available after the Chief Cabinet Secretary has held his press conference; until then, I can only answer questions within a limited scope. Despite this written reply, though, the relevant ministries and agencies are still in the process of gathering information on Bitcoin. We do not yet have a full grasp on the nature and status of Bitcoin, so at the present stage we are trying to acquire these.

Statistics From NASDAQ OMX Nordic Exchange March 2014 - Summary

Date 01/04/2014

Share Trading

The value of average daily share trading amounted to EUR 3.3 billion, compared to EUR 2.4billion during the past 12-month period. The average number of trades per trading day was367,848, compared to 326,229 during the past 12-month period. The total market cap of listed companies at NASDAQ OMX Nordic Exchange amounted to EUR 985 billion, compared to EUR 837 billion in March 2013.

Press Conference By Taro Aso, Japan's Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services - Financial Instruments And Exchange Act

Date 01/04/2014

Opening statement:

The Cabinet has approved the Bill to Partially Amend the Financial Instruments and Exchange Act Etc. and the Bill to Partially Amend the Insurance Business Act Etc. The first bill, the Bill to Partially Amend the Financial Instruments and Exchange Act Etc., contains measures for bolstering the supply of risk money as called for under the “JAPAN Revitalization Strategy” and other policies, necessary measures for enhancing trust in Japan’s financial and capital markets following, for example, cases of the misselling of funds in recent years, and so on. The other bill, the Bill to Partially Amend the Insurance Business Act Etc., reflects the fact that business conditions for insurance companies are undergoing great changes, and contains necessary measures for promoting more appropriate solicitation practices by insurance companies etc. and helping them to develop their businesses smoothly. I hope that these bills will be debated and passed by the Diet swiftly.

Moscow Exchange: Revised MICEX10 Index Constituent List Comes Into Force

Date 01/04/2014

The amendments introduced into the MICEX10 Index after its quarterly review, include the following: ordinary shares of OJSC "NOVATEK" and preferred shares of ОJSC "Surgutneftegas" will be added to the index, ordinary shares of JSC "Surgutneftegas" and OJSC "Uralkali" will be excluded from the index list.