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Financial Conduct Authority Fines Compliance Officer And Broker Whose Actions Enabled Market Abuse To Be Committed In October 2010

Date 08/08/2013

The Financial Conduct Authority (FCA) has fined David Davis, senior partner and compliance officer of Paul E Schweder Miller & Co, £70,258, and Vandana Parikh, a broker at the same firm, £45,673, for failing to act with due skill, care and diligence in the period leading up to the illegal manipulation of the closing price of securities traded on the London Stock Exchange (LSE) by Rameshkumar Goenka, a Dubai based private investor, in October 2010.
ISDA Whitepaper: CCP Loss Allocation At The End Of The Waterfall

Date 08/08/2013

CCPs will be required to establish robust recovery, continuity and resolution mechanisms. These must be addressed in relation to two situations: (1) at the “end of the default waterfall”; and (2) where there are non-default losses (NDL) that exceed a clearinghouse’s financial resources above the minimum regulatory capital requirements. This paper is in response to industry efforts to develop an effective recovery, continuity and resolution framework for central counterparties and reflects consensus views of the ISDA Risk and Margin Regulatory Implementation Committee (RIC).
MarketPrizm Continues Expansion In Asia Adding HKEx To Global Co-Location Infrastructure

Date 08/08/2013

MarketPrizm, a leading provider of market data and trading infrastructure services, has further expanded its Asia-Pacific mutualised DMA platform with the setup of ultra-low latency data services and other technology services at Hong Kong Exchanges and Clearing’s (HKEx) Hosting Data Centre (HDC). It aligns strategically with the launch of HKEx’s Orion Central Gateway (OCG) and Orion Market Data (OMD), which gives participants faster access to their trading platform and market data services.
Clearstream’s July 2013 Figures -Value Of Assets Under Custody 3 Percent Higher Than In July 2012 -Continuous Steep Increase Of Investment Funds Transactions -Stefan Lepp: “Strong Global Securities Financing Performance Despite Ongoing Monetary Policy Intervention.”

Date 08/08/2013

In July 2013, the value of assets under custody held on behalf of customers registered an increase of 3 percent to EUR 11.5 trillion (compared to EUR 11.2 trillion in July 2012). Securities held under custody in Clearstream’s international business increased by 1 percent to EUR 6.1 trillion in July 2013 while domestic German securities held under custody increased by 6 percent to EUR 5.4 trillion in July 2013 (July 2012: EUR 5.1 trillion).
Financial Conduct Authority Decides To Fine Tariq Carrimjee In Relation To Market Abuse Committed By Rameshkumar Goenka In October 2010

Date 08/08/2013

The Financial Conduct Authority (FCA) has today published a Decision Notice for Tariq Carrimjee of Somerset Asset Management LLP in relation to assisting Goenka.

Dalenergomash Shares To Be Traded On Moscow Exchange's Innovation And Investment Market

Date 08/08/2013

Shares of OJSC Dalenergomash, one of Russia's leading power engineering companies, begin trading on the Moscow Exchange"s Innovation and Investment Market (iIM) today.
Malawi Stock Exchange Weekly Trading Report - 08th August, 2013

Date 08/08/2013

Click here to download Malawi Stock Exchange's weekly trading report for the week ending 8th August, 2013.
MCX Weekly Market Report - August 02, 2013 – August 07, 2013

Date 08/08/2013

Click here to download MCX's weekly market report for August 02, 2013 to August 07, 2013.
LCH.Clearnet: FX Market Cleared Volumes Exceed $1 Trillion Notional

Date 08/08/2013

LCH.Clearnet Ltd, the UK-based CCP and subsidiary of the world’s largest multi-national clearing house, has cleared over one trillion US dollars in FX Non Deliverable Forwards trades (NDFs) since launching its award winning ForexClear service in March 2012.
Chinese Fund Manager To Create Products Using FTSE/JSE Index

Date 08/08/2013

The Johannesburg Stock Exchange (JSE) has signed a letter of intent for an index product licence with Chinese fund manager GF Fund Management Co to create exchange traded funds (ETFs) based on the FTSE/JSE Top40 Index.