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  • NYSE Euronext Temporarily Re-Assigns Knight Capital DMM Responsibilities To GETCO DMM For Certain Securities - Working In Cooperation With Both Firms, Interim Transfer Ensures Orderly Markets While Knight Capital Completes Anticipated Recapitalization Plan

    Date 06/08/2012

    In accordance with applicable rules, the New York Stock Exchange  (NYSE) and NYSE MKT have temporarily assigned custodial responsibility for  approximately 524 New York Stock Exchange (NYSE) and 156 NYSE MKT  listed securities from the Designated Market Maker (DMM) unit of Knight  Capital Americas LLC to the DMM of GETCO LLC, which currently  serves some 896 NYSE- and NYSE MKT-assigned securities, effective  Monday, Aug. 6, 2012.

  • EPEX SPOT & EEX Power Derivatives: Power Trading Results In July 2012

    Date 06/08/2012

    In July 2012, a total volume of 27.8 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (July 2011: 25.8 TWh).

  • Press Conference By Tadahiro Matsushita, Japan's Minister For Financial Services - Resignation Of Nomura Senior Executives

    Date 06/08/2012

    [Questions & Answers]

    Q.

    I have several questions.

    First, regarding insider trading related to public offerings of new shares, Nomura Securities announced yesterday (July 26) the resignation of two top executives. Nomura aims to make a fresh start under the new management team led by Mr. Nagai (Chief Executive Officer). Could you give us your frank opinion on the way Nomura's management team has taken responsibility as the top management of Japan's leading securities company?

    A.

    I am aware that various matters came to light as a result of the company's internal investigation, as you suggested. However, I would like to refrain from commenting on the appointment of personnel at specific companies.

    Regarding the results of the internal investigation, which were announced yesterday, Nomura Securities conducted a wide-ranging investigation as to whether there were problems concerning the management of corporate information related to stocks other than the ones for which wrongdoing was detected in the monetary penalty investigation. The company also announced the progress status of the corrective measures announced on June 29. Therefore, the Financial Services Agency (FSA) thinks that the company is exercising the self-purification function to a reasonable degree, which deserves a positive evaluation on the whole. I strongly hope that the new management team will lead internal reform to restore trust and make a fresh start. As the new CEO has expressed his intention to carry out fundamental reform, I would like to make it clear that I am placing strong hopes on that.

    The FSA will continue to keep watching the effort of the Nomura Securities group's new management team to restore trust. I will closely watch how the company will carry out the reform.

  • European Tepo Market Side-Lined By ECB LTROs

    Date 06/08/2012

    The European Repo Council of the International Capital Market Association (ICMA) today released the results of its 23rd semi-annual survey of the European repo market. The survey, which measures the amount of repo business outstanding on 13 June, sets the baseline figure for market size at EUR 5,647 billion compared to the total figure of EUR 6,204 billion reported in December 2011.

  • Warsaw Stock Exchange Reduces Fees For Single-Stock Futures - As Of The Beginning Of August 2012, The WSE Reduces Operating Fees For Block Trades In Single-Stock Futures Contracts.

    Date 06/08/2012

    The Warsaw Stock Exchange has reduced operating fees for block trades in single-stock futures contracts effective of as the beginning of August 2012. For block trades where the volume exceeds 1,000 futures contracts, the operating fee is waived for that part of the trade which exceeds the volume of 1,000 contracts. The reduction applies to both client trades (made on the account of an investor or by an Exchange Members on own account) where the fee is PLN 0.34 per contract (equivalent to ca. EUR 0.08 at the fx rate of 4.1 EUR/PLN) and market maker trades where the fee is PLN 0.08 per contract (equivalent to EUR 0.02). This means that the maximum fee for a block trade in single-stock futures contracts is PLN 340 (equivalent to ca. EUR 83) for client trades and PLN 80 (equivalent to ca. EUR 20) for market maker trades. As a result, the bigger the volume of a block trade, the lower the operating cost of opening/closing a position per contract.