News Centre

Japan Securities Clearing Corporation Launches New IRS Clearing Service Using The Calypso System - Partnership Extended From Clearing CDS To IRS

Date 30/10/2012

Calypso Technology Inc., the global capital markets platform provider, announced today that Japan Securities Clearing Corporation (JSCC), a member of the Tokyo Stock Exchange Group, has gone live with the Calypso system for its interest rate swaps (IRS) central counterparty (CCP) clearing service. Calypso is used for initial and variation margin calculations (using Yen OIS discounting), trade lifecycle processing and risk management.  This clearing service is the first yen-denominated IRS clearing service in Asia Pacific. 

ECC Welcomes Prague-Based PXE As A New Partner Exchange

Date 30/10/2012

The European Commodity Clearing (ECC) has won the Prague based POWER EXCHANGE CENTRAL EUROPE (PXE) as a new partner exchange. According to the co-operation agreement between the two companies, ECC is scheduled to begin its activities as the central counterparty for PXE from the end of the first quarter of 2013.

Finasta To Become A Market Maker For Ekspress Grupp

Date 30/10/2012

The NASDAQ OMX Group, Inc. announces that as of October 30, 2012 Finasta bank will become a liquidity provider for the shares of Ekspress Grupp listed on NASDAQ OMX Baltic Main List. Ekspress Grupp is the second issuer whose shares are covered by Finasta.

UBS Announces Strategic Acceleration From A Position Of Strength

Date 30/10/2012

• UBS reinforces commitment to deliver more sustainable and attractive returns; significantly reshaping its Investment Bank
• Group Basel III RWAs¹ targeted to be reduced further to below CHF 200 billion by end 2017; Investment Bank will operate with Basel III RWAs of less than CHF 70 billion effective 1.1.13
• Group-wide efficiencies targeting incremental CHF 3.4 billion annual cost savings with total savings of CHF 5.4 billion by 2015; UBS investing CHF 1.5 billion across all of its business divisions
• With immediate effect, Andrea Orcel to lead the Investment Bank; Carsten Kengeter to step down from Group Executive Board and lead management of exited Investment Bank businesses and positions

NZX: Diversity Takes Its Place In Listed Company Reporting

Date 30/10/2012

Changes to the NZSX/ NZDX Listing Rules that will require Main Board listed issuers to include diversity reporting in their annual reports will come into effect on 1 December 2012. This follows formal approval for the change being given by the Financial Markets Authority.

Bursa Malaysia Reprimands, Fines And Orders To Strike Off/Suspend Two Dealers’ Representatives For Manipulative Dealing Activities

Date 30/10/2012

Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded, fined and ordered to strike off a Dealer’s Representative (DR) and imposed suspension on another DR for engaging in manipulative dealing activities in the securities of Progressive Impact Corporation Bhd (PICORP). In addition, the DR facing suspension is required to undergo training on the conduct or professionalism of DRs and market offences (Mandatory Training).

Tokyo Stock Exchange Has Published The Index Value Of TSE Home Price Index For August

Date 30/10/2012

The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 76.39 points. The index value of TSE Home Price Index (Used Condominium, Tokyo) is 80.24 points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 76.27 points. The index value of TSE Home Price Index (Used Condominium, Chiba) is 66.00. The index value of TSE Home Price Index (Used Condominium, Saitama) is 65.18 points.

UBS's Third-Quarter 2012 Results

Date 30/10/2012

UBS third-quarter adjusted pre-tax profit CHF 1.4 billion; improved profits in all business divisions; wealth management businesses attracted net new money of CHF 12 billion; capital ratios strengthened further with phase-in Basel III CET1 ratio up to 13.6%; Basel III CET1 fully applied ratio up to 9.3%

Report On The Australian OTC Derivatives Market

Date 30/10/2012

The Australian Prudential Regulation Authority, the Australian Securities and Investments Commission and the Reserve Bank of Australia have released a Report on the Australian OTC Derivatives Market – October 2012 (REP 309).

Shanghai Stock Exchange: Differentiated Levy Of Dividends Tax Boosts Long-term Value Investing

Date 30/10/2012

It is learnt that relevant department is studying the policy of imposing differentiated levy of the income tax on dividends received by individual investors in accordance with their shareholding periods. The latest trend has promptly aroused strong concerns from the market. According to senior market insiders, the orientation toward differentiated levy of dividends tax not only reflects the administrators' efforts in rectifying the system characterized by "attaching importance to financing instead of returns" and their determination to further care for the market, but also constitutes an important part of implementing the central authorities' policy on the "structural tax reduction". The move is of significance at the least in avoiding double taxation to protect the interests of small and medium-sized investors, benefiting the development of institutional investors to promote the stability of the market, and encouraging long-term shareholding and value investing to highlight investment values of the blue chips with high dividend rates.