News Centre

SEC Charges Close Friend Of Staffing Company CEO With Insider Trading Around Acquisition

Date 25/07/2012

The Securities and Exchange Commission has charged the close friend of a CEO with insider trading in the stock of a Houston-based employment services company by exploiting confidential information he learned while they were spending time together.

Equinix Adds Data Centers In Brazil - ALOG To Build New IBX In Rio De Janeiro And Expand In São Paulo To Meet Demand For Interconnection And Data Center Services In South America

Date 25/07/2012

Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that ALOG Data Centers of Brazil S.A., a Platform Equinix^™ Company, plans to build a new International Business Exchange^™ (IBX^®) data center in Rio de Janeiro. Targeted to open in the first quarter of 2013, the first phase is expected to cost $20 million in expansion capital and will have space for 320 cabinets with a total capacity of 1,170 cabinets once all future phases are completed. Equinix also announced ALOG will begin construction on phase two of its SP2 data center in São Paulo, which is expected to be available in early 2013. SP2 phase two will have space for an additional 350 cabinets and is expected to cost $14 million in expansion capital. Both projects are reflected in the Equinix’s guidance.

Autorité Des Marchés Financiers And Autorité De Contrôle Prudentiel: Position On The Placing And Marketing Of Financial Instruments

Date 25/07/2012

The AMF and the ACP have noted that the scope of placing services has raised many queries among distributors  and  producers  of  financial  products.  The  two  authorities  have  therefore adopted a common position in the form of a Q&A to clarify the scope of placing services with regard to financial instrument marketing.

CFTC Charges Florida Residents Philip Leon, Paul Rangel, And John Wilkins And Their Company, Altamont Global Partners LLC, With Fraud And Misappropriation - Defendants Allegedly Solicited Approximately $13 Million From Approximately 198 Participants In Two Investment Pools - Federal Court Enters Emergency Order Freezing Defendants’ Assets And Protecting Books And Records

Date 25/07/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 16, 2012, Judge Gregory Presnell, of the U.S. District Court for the Middle District of Florida, entered an emergency order freezing the assets of defendants Philip Leon of Altamonte Springs, Fla., Paul Rangel of Apopka, Fla., John Wilkins of Chuluota, Fla., and their company, Altamont Global Partners LLC (AGP), of Longwood, Fla.  The order also prohibits the defendants from destroying or altering books and records.  The judge set a hearing date for July 30, 2012.

Testimony Of U.S.A. Treasury Secretary Tim Geithner Before The House Committee On Financial Services On The Financial Stability Oversight Council Annual Report To Congress

Date 25/07/2012

Chairman Bachus, Ranking Member Frank, and members of the Committee, thank you for the opportunity to testify today regarding the Financial Stability Oversight Council’s (the “Council”) annual report.

Portware Named Best Trading Technology Vendor By FX Week

Date 25/07/2012

Portware, the leading provider of global, multi-asset trading solutions, today announced that FX Week has recognized Portware with the prestigious 2012 eFX Award for Best Trading Technology Vendor.

Carnegie Mellon University SEI And EDM Council Complete Best Practices For Data Management - Data Management Maturity Model Enables Organizations To Improve Risk Management And Enhance Operational Efficiency

Date 25/07/2012

The Carnegie Mellon University Software Engineering Institute (SEI) and the Enterprise Data Management (EDM) Council yesterday announced that the core content of the Data Management Maturity model is complete.

Viviane Reding Vice-President Of The European Commission, EU Justice Commissioner Amended Proposal For A Directive On Criminal Sanctions For Insider Dealing And Market Manipulation - Joint Press Conference With Commissioner Barnier - Brussels 25 July 2012

Date 25/07/2012

Background LIBOR scandal: why are we acting?

These days we are again dealing with the effects of potentially criminal misconduct in the financial markets. This time it is about interest rate-rigging by banks. The recently uncovered practice of manipulation of the LIBOR rates is another example of irresponsible banking practices undermining investor confidence and market integrity.

EEX: Trading Technologies Broadens Access To European Energy Derivatives

Date 25/07/2012

The European Energy Exchange (EEX) and Trading Technologies International, Inc. (TT) have announced that EEX products are now tradable via EEX memberships on TT’s platform, further increasing the distribution network of the EEX order book, whilst offering EEX customers advanced order execution technology. All EEX derivatives products are now available through TT’s Eurex gateway and tradable via TT’s X_TRADER® order-entry platform and related electronic trading products.

Testimony Before The U.S. House Committee On Agriculture Of CFTC Chairman Gary Gensler

Date 25/07/2012

Good morning Chairman Lucas, Ranking Member Peterson and members of the Committee. I thank you for inviting me to today’s hearing on oversight of the swaps and futures markets. I will review the Commodity Futures Trading Commission’s (CFTC) implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), as well as the recent events related to the London Interbank Offered Rate (LIBOR) and Peregrine Financial Group.