News Centre

Trading Technologies Launches Connectivity To Eris Exchange - New Gateway Also Links TT Clients To GovEx

Date 04/06/2013

Trading Technologies International, Inc. (TT), a global provider of high-performance trading software for derivatives professionals, and  Eris Exchange, a U.S.- based futures exchange offering swap futures as a capital-efficient alternative to traditional OTC interest rate swaps, today announced that TT has released its connection to the Eris SwapBook™ electronic trading platform.

Borsa İstanbul And Tirana Stock Exchange Sign A Memorandum Of Understanding

Date 04/06/2013

The MoU signed by Mr. Mustafa BALTACI, Executive Vice President of Borsa İstanbul, and Ms. Anila FURERAJ, CEO of Tirana Stock Exchange is expected to be developing of the existing cooperation between Borsa İstanbul and Tirana Stock Exchange.

CFTC’s Division Of Clearing And Risk Provides No-Action Relief From The Clearing Requirement For Swaps Entered Into By Eligible Treasury Affiliates

Date 04/06/2013

The Division of Clearing and Risk (Division) of the Commodity Futures Trading Commission (CFTC) today issued a no-action letter providing eligible treasury affiliates that enter into swaps that are subject to the clearing requirement in section 2(h)(1) of the Commodity Exchange Act (CEA) and part 50 of the CFTC’s regulations, with relief from the clearing requirement, subject to certain conditions and requirements.

FINRA Orders Wells Fargo And Banc Of America To Reimburse Customers More Than $3 Million For Unsuitable Sales Of Floating-Rate Bank Loan Funds - FINRA Also Fines Wells Fargo $1.25 Million And Banc Of America $900,000

Date 04/06/2013

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined two firms a total of $2.15 million and ordered the firms to pay more than $3 million in restitution to customers for losses incurred from unsuitable sales of floating-rate bank loan funds. FINRA ordered Wells Fargo Advisors, LLC, as successor for Wells Fargo Investments, LLC, to pay a fine of $1.25 million and to reimburse approximately $2 million in losses to 239 customers. FINRA ordered Merrill Lynch, Pierce, Fenner & Smith Incorporated, as successor for Banc of America Investment Services, Inc., to pay a fine of $900,000 and to reimburse approximately $1.1 million in losses to 214 customers.

New York Attorney General Schneiderman Sues HSBC For Holding Hundreds Of Struggling Homeowners In Legal Limbo - Suit Alleges That By Failing To Follow New York Law, HSBC Has Trapped Hundreds Of New Yorkers Facing Foreclosure In The “Shadow Docket” - Schneiderman: The Law Is Clear And I Will Prosecute Any Lender That Denies New York Homeowners Their Legally Mandated Right To Negotiate Alternatives To Foreclosure

Date 04/06/2013

Attorney General Eric T. Schneider­­man today filed a lawsuit against HSBC Bank USA and HSBC Mortgage Corporation (USA) for failing to follow state law related to foreclosure actions, putting homeowners at greater risk of losing their homes. Under state law, residential mortgage lenders, servicers and their agents who sue to foreclose on a homeowner are required to file a “Request for Judicial Intervention” (RJI) when they file their proof of service with the county clerk. The process mandates that the lender then attend a settlement conference within 60 days. The purpose of this court-supervised conference is to provide an opportunity for borrowers to negotiate alternatives to foreclosure, including loan modifications that make mortgage payments more affordable, with the intent that they avoid losing their homes.

Direct Edge Trading Notice #13-23: Logical Port Fee Changes Effective July 1, 2013

Date 04/06/2013

Effective Monday, July 1, 2013, Direct Edge® will reduce the number of free logical ports for access to EDGA Exchange (EDGA®) and EDGX Exchange (EDGX®) from five to two free ports per exchange, pending filing with the Securities and Exchange Commission (SEC).

TSX Block List Leaders By Volume And By Values – May 2013

Date 04/06/2013

Block Trade Summaries

Block trades are large trades with a volume of 10,000 shares or more and a value of $100,000 or more. The TSX Block List Leaders lists shows the top ten brokers chosen by their customers to execute these significant block trades on Toronto Stock Exchange. For a full list of block trades for all brokers, get our Broker Block Summary.

UK's Financial Conduct Authority To Ban The Promotion Of UCIS And Certain Close Substitutes To Ordinary Retail Investors

Date 04/06/2013

The Financial Conduct Authority (FCA) has published final rules to ban the promotion of Unregulated Collective Investment Schemes (UCIS) and certain close substitutes (together to be known as Non-Mainstream Pooled Investments (NMPIs)) to the vast majority of retail investors in the UK.

EEX GASPOOL Futures Now Tradeable On PEGAS - New Market Maker On Board

Date 04/06/2013

Today, European Energy Exchange (EEX) successfully migrated its Natural Gas Futures for the market area GASPOOL onto PEGAS – the common platform of EEX and Powernext, which was launched on 29 May 2013.

Abu Dhabi Securities Exchange Signs MOU With Abu Dhabi University

Date 04/06/2013

Abu Dhabi Securities Exchange (ADX) signed today a Memorandum of Understanding (MoU) with Abu Dhabi University (ADU) aiming at enhancing the cooperation between the two organizations in the fields of institutional development, curriculum development, and information dissemination.