News Centre

Hong Kong's Securities And Futures Commission: Insurance Agents Convicted Of Selling Investment Fund Without Licences

Date 17/08/2012

The Eastern Magistrates Court has convicted two insurance agents of Universal Insurance Consultants and Brokers Limited (UIC) for advising clients to invest in a fund through an asset management firm to which they were not accredited (Note 1).

Thai Bond Electronic Exchange Ready To Trade Scripless Govt Saving Bonds

Date 17/08/2012

The Stock Exchange of Thailand’s (SET) Bond Electronic Exchange (BEX), a secondary market for bonds trading, is ready to welcome Thailand’s first scripless government savings bonds on BEX, aiming at boosting bonds liquidity and increasing investment opportunities for bond investors.

New Zealand's Financial Markets Authority Welcomes Ruling On Asset Preservation Orders

Date 17/08/2012

The Court of Appeal has dismissed an appeal by the trustees of the KA3 and KA4 trusts on interim asset preservation orders obtained by FMA.

Shanghai Stock Exchange: Notice Of Publicly Soliciting Opinions On "Guidance For Cash Dividend Distribution Of SSE-listed Companies (Draft Version)"

Date 17/08/2012

As one of the most important investor returns, the cash dividend distribution of listed companies not only defines the stocks' values, but also ensures the sound operation of the capital market. The Shanghai Stock Exchange (SSE) has formulated the ""Guidance for Cash Dividend Distribution of SSE-listed Companies (Draft Version)", with a view to implementing the requirements in the ""Notice of Further Implementing Relevant Issues of Listed Companies' Cash Dividend Distribution" [Zheng Jian Fa (2012) No. 37] released by the China Securities Regulatory Commission, guiding and standardizing the cash dividend distribution of listed companies, and boosting the sound growth of the securities market. The SSE hereby solicits opinions on the guidance from the public.

MIAX To Offer High Performance Trading Platform Built On Cisco Ultra-low Latency Intelligent Network

Date 17/08/2012

Miami International Securities Exchange, LLC (“MIAX”)  announced  today  that  it had  selected  Cisco’s ultra-low latency intelligent network infrastructure  for the  trading platform of the  MIAX Options Exchange, a fully electronic options exchange planning to commence operations in late September 2012, subject to SEC approval. MIAX’s experienced technology team worked closely with Cisco Channel Partner, Continental Resources Inc., to develop an intelligent networking infrastructure to meet the unique demands of a high-speed trading environment.   As a result, the MIAX Options Exchange trading platform was designed from the ground up to address the highly secure, functional and high-performance demands of the derivatives market.

Miami International Securities Exchange Announces Mock Trading Testing

Date 16/08/2012

Miami International Securities Exchange, LLC (“MIAX”)announced  today that  in preparation  for  the  launch of its Options Trading Platform, MIAX is planning industry mock trading testing on the following dates:

• Saturday 9/8/12 – 9:00 am – 1:00 pm ET
• Saturday 9/15/12 – 9:00 am – 1:00 pm ET
• Saturday 9/22/12 – 9:00 am – 1:00 pm ET

Cetip And IntercontinentalExchange Launch Fixed Income Trading Platform

Date 16/08/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, and Cetip S.A. — Latin America's largest private fixed income depository — today announced the launch of a Brazilian fixed income trading platform. The platform, Cetip | Trader, brings together electronic trading, voice confirmation, straight through processing and real-time and historical data in a single tool that will provide transparency, price formation, and workflow automation to Brazil's fixed income markets.

SEC Publishes MIAX Form 1 Application On Website

Date 16/08/2012

Miami International Securities Exchange, LLC(“MIAX”) announced  today  that  on  August  15,  2012  its  Form  1  Application  was published on the U.S. Securities and Exchange Commission’s (the “SEC”) website along with a Notice of Filing of the Application (the “Notice”). MIAX has filed a Form 1 Application with the SEC to become a national securities exchange for the trading of options. It is anticipated that the Notice will be published in the Federal Register shortly. Once this publication is made, the public will be formally placed on notice of MIAX’s filing.  It also commences the 45-day statutory public comment period.  The MIAX Options Exchange, which will be a fully-electronic options exchange, is planning to commence operations in October 2012, subject to SEC approval.

Direct Edge Trading Notice #12-32: Introducing The Route Peg Order

Date 16/08/2012

Direct Edge^® will introduce the Route Peg Order on both the EDGA Exchange (EDGA^®) and EDGX Exchange (EDGX^®), effective Wednesday, August 22, 2012. 

Autorité Des Marchés Financiers: Risk And Trend Mapping No12 - 2012 Risk And Trend Mapping For Financial Market And Savings

Date 16/08/2012

Scope of the analysis

The annual risk and trend mapping report from the Autorité des Marchés Financiers (AMF) describes the  main  trends  on  markets  and  in  financing  (Chapter  1),  market  structure  and  intermediation (Chapter 2), household saving (Chapter 3) and asset management (Chapter 4). The report has several goals. It seeks to set France’s situation within a broader context that captures major international trends and to appraise the latest research with a view to better understanding the often complex and fast-moving changes taking place within our environment. It also brings together different perspectives: supply and demand, retail and wholesale, market operation and business strategy, macro and micro. Finally, it is intended to highlight observations and areas of concern flagged by AMF staff when carrying out the regulator’s supervisory and inspection duties and in their dealings with retail investors.