News Centre

Hong Kong's Securities And Futures Commission, Hong Kong Monetary Authority And The Royal Bank Of Scotland N.V. Reach Agreement On Lehman Brothers-Related Equity-Linked Notes

Date 18/07/2013

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) announced today that an agreement has been reached with The Royal Bank of Scotland N.V. (RBS), formerly known as ABN AMRO Bank N.V. (ABN Amro), in relation to the sale of Lehman Brothers-related equity-linked notes (LB-ELNs) to retail clients between July 2007 and May 2008.

Misys Sees Significant Take-Up In Commercial Lending Sales And Appoints Paul Spiteri As Global Sales Director For Loan IQ To Continue Momentum - New Role At Misys Formed To Meet Demands For Consolidated Loan Management Systems And To Lead The Expansion Of The Lending Business

Date 18/07/2013

Misys, the global financial services software leader, has announced the appointment of Paul Spiteri as the Global Sales Director for its commercial lending portfolio. The new role has been set up to address the increasing need for banks and financial institutions to manage their commercial lending operations more efficiently.

London Stock Exchange Group - Interim Management Statement For The Period To 17 July 2013, Including Revenues And KPIs For The Three Months Ended 30 June 2013 (Q1)

Date 18/07/2013

• Good Group performance – revenue up 39 per cent on Q1 last year at £249.7 million, reflecting growth across all business divisions and first time addition of LCH.Clearnet; revenue up 8% on an organic, constant currency basis
• Information Services – revenue up 11 per cent with continued good growth from FTSE (up 8% on organic and constant currency basis)
• Post Trade Services (excluding LCH.Clearnet) – the Group’s Italian-based operations reported revenues up by 10 per cent (up 5% on organic and constant currency basis)
• LCH.Clearnet  – £60.7 million total income contribution (excluding unrealised loss) since the Group’s completion of the acquisition of a majority stake, effective from 1 May 2013
• Capital Markets – revenue up 11 per cent with growth in both primary and secondary markets (up 9% on organic and constant currency basis)
• Technology Services – revenue up 28 per cent reflecting a strong performance from MillenniumIT (up 18% on organic and constant currency basis)
• Ian Axe to leave his position as CEO of LCH.Clearnet Group; will remain in place to ensure an orderly transition
• LSEG confirmed plans to expand its custody and settlement services through establishment of a new CSD in Luxembourg; a major new customer confirms selection of LSEG for settlement, custody and asset servicing

Deutsche Börse And Liquidnet Announce Cooperation To Make Block Trading Of German Equities More Efficient - Cooperation Creates More Efficient Structure For Institutional Investors - Better Performance For Large-Scale Trades With Less Market Impact And Price Improvement

Date 18/07/2013

Deutsche Börse will launch a new block trading service on Xetra MidPoint on 29 July and named Liquidnet, the global institutional trading network as the Block Agent for this new service.

Taiwan Futures Exchange Newsletter - July Newsletter

Date 18/07/2013

Click here to download Taiwan Futures Exchange's  July newsletter.

ASX Finalises Code Of Practice And Membership Of Forum

Date 18/07/2013

ASX today released the Code of Practice for Clearing and Settlement of Cash Equities in Australia (the Code), which will be effective from 9 August 2013. 

UBS Securities Australia Ltd Pays $30,000 Infringement Notice Penalty

Date 18/07/2013

UBS Securities Australia Ltd (UBS) has paid a penalty of $30,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The penalty was for conduct which resulted in a market for a security not being both fair and orderly.

Shenzhen Stock Exchange Complete The 3rd Round Of Rationalization On Proceeding Of Examination, Verification And Registration

Date 18/07/2013

Recently, Shenzhen Stock Exchange (SZSE) completed the 3rd round of rationalization of proceeding regarding examination, verification and registration, and disclosed List of Proceeding of Examination, Verification and Registration and Guidelines on Handling Proceeding of Examination, Verification and Registration. The move is in response to State Council’s instruction of ‘deepening the reform on administrative examination and approval system, and continued simplification of administration and decentralization ’, and also an attempt to further improve the quality, efficiency and transparency of self-discipline, supervision and services.

SEC Obtains $13.9 Million Penalty Against Rajat Gupta

Date 17/07/2013

The Securities and Exchange Commission today obtained a $13.9 million penalty against former Goldman Sachs board member Rajat K. Gupta for illegally tipping corporate secrets to former hedge fund manager Raj Rajaratnam. Gupta also is permanently barred from serving as an officer or director of a public company.

CSA Requirements To Improve Disclosure For Investors Are Now In Effect

Date 17/07/2013

The Canadian Securities Administrators (CSA) are delivering on their investor protection commitments with new disclosure requirements that will provide investors with clear and meaningful information about their investments. The amendments to National Instrument 31-103Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) are now in effect, with key elements being phased in over three years to allow industry sufficient time to meet the new requirements.