News Centre

IOSCO Publishes Suitability Requirements For Distribution Of Complex Financial Products

Date 21/01/2013

The International Organization of Securities Commissions (IOSCO) today published a final report on Suitability Requirements with respect to the Distribution of Complex Financial Products, which sets out principles relating to the distribution by intermediaries of complex financial products to retail and non-retail customers.

Closure Of Bursa Malaysia Berhad – Market Holidays

Date 21/01/2013

Bursa Malaysia and its subsidiaries will be closed on these dates in conjunction with the following public holidays:

Samsung Launches Its First QFII ETF: Tracks The FTSE China A50 Index

Date 21/01/2013

FTSE Group (“FTSE”), the global index provider, announces the licensing of the FTSE China A50 Index to Samsung Asset Management Company Limited (“Samsung”) as the basis of its first Qualified Foreign Institutional Investors (QFII) ETF, which lists on Korea Exchange (“KRX”) today.

Continued Decline In 2012 In The Number Of Monetary Financial Institutions In The Euro Area And In The EU

Date 21/01/2013

On 1 January 2013 the total number of monetary financial institutions (MFIs) ^[1] in the euro area stood at 7,059. This is a net decrease of 474 units (-6%) in comparison with the situation a year ago. With a few small exceptions, declines occurred across the whole of the euro area. In the European Union (EU) as a whole, there were 9,076 MFIs, a net decrease of 511 units.

Five db X-trackers On CSI300 Sector Index Family Launched On Xetra - ETFs Offer First-Time Access To Sector Indices On Chinese A-Class Shares

Date 21/01/2013

Five new equity index ETFs issued by db X-trackers have been tradable in Deutsche Börse’s XTF segment since Monday.

Fixnetix Offers Microwave Access Between London And Frankfurt - Global Managed Services Provider Partners With Custom Connect MV

Date 21/01/2013

Fixnetix, managed services provider for ultra-low latency market data, trading and risk control, announced today an exclusive strategic alliance has been formed with Custom Connect MV. The two companies have partnered to offer the latest in ultra-low latency trading technology, microwave access between London and Frankfurt with now down to 2.375 microseconds (one way) for NYSE Euronext, NYSE Liffe, Xetra & Eurex colocation datacentres. This latest offering from Fixnetix caters to the same market of latency sensitive traders at leading investment banks, hedge funds and proprietary trading firms. Under the deal, Fixnetix has signed an exclusive agreement to act as a reseller of available bandwidth and provide a data service over the link including forthcoming latency upgrades, will also cover additional exchange colocation facilities in London & Europe.

KYTE Group Automates Market Abuse Surveillance With b-Next CMC:Suite For Multi-Instrument Type Trading

Date 21/01/2013

• Kyte’s implementation of b-next CMC:Suite covers a broad range of traded asset classes including futures, options, bonds and equities.
• Regulators are advocating the need for systematic surveillance for the detection of market abuse trading and insider dealing.

The Palestine Exchange (PEX) Announces Thursday 24 January 2013 An Official Holiday

Date 21/01/2013

The Palestine Exchange (PEX) will be off on Thursday 24 January 2013 celebrating Prophet Mohammad's Birthday. Business will resume as usual on Sunday 27 January 2013. 

CeFDex Becomes First CFD Provider With Branch Office In Austria - Branch Office Opened In Vienna Today - Customers In Austria Have Direct Access To Services And Extended Product Range - Following Spain, Second EU Market Tapped Within Very Short Time - CFD Expert Robert Ulm To Manage Business In Austria

Date 21/01/2013

CeFDex, one of the leading providers of contracts for difference (CFDs) on the German market, has taken a second important step in its expansion into Europe and the retail customer business. From today, the company is offering its range of products and services directly to Austrian private customers locally. By opening a branch office in Vienna, CeFDex makes clear its ambitions for the Austrian CFD market. After its successful launch in Spain, the securities trading bank is now also offering its services in Austria in line with German banking standards. Harald Patt, Member of the CeFDex Management Board with responsibility for software development, IT and trading in the company, said: “CeFDex has again demonstrated its efficiency by rolling out its successful business model in a second important EU market, Austria, within a very short period of time. This brings us another step nearer to our goal of covering all major markets in Europe.”

Squawker And SIX Financial Information Form Partnership - Squawker Participants To Execute Pan-European Block Trades Always At Consolidated Mid-Price And Consolidated VWAP

Date 21/01/2013

Squawker®, the negotiation venue for sell-side block trading, and SIX Financial Information, today announced the signing of a new partnership. According to the agreement, SIX Financial Information will supply Squawker with real-time, pan-European market data via its flagship product Market Data Feed (MDF) allowing Squawker participants to execute pan-European block trades always at consolidated mid-price and consolidated VWAP. The announcement, which comes shortly after news of Squawker’s addition to the BT Radianz Cloud, underlines the new venue’s commitment to building solid relationships with robust, quality and trusted financial services providers.