News Centre

CFTC Orders Enskilda Futures Limited To Pay A $125,000 Civil Monetary Penalty For Failing To Meet Minimum Capital Requirements Due To Margin Errors

Date 19/02/2013

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Enskilda Futures Limited (EFL), a London-based Futures Commission Merchant (FCM), for failing to meet the minimum capital requirements as set forth in Section 4f(b) of the Commodity Exchange Act (CEA) and CFTC Regulation 1.17. The failure to meet the minimum capital requirements was a result of EFL’s failure to call for sufficient margin collateral on an intra-month basis from its ultimate parent, Skandinaviska Enskilda Banken, AB (SEB), which holds an omnibus account at EFL, the Order finds. The CFTC Order requires EFL to pay a $125,000 civil monetary penalty and to maintain the remedial measures adopted following discovery of the error.

SIX Group Would Consider Takeover Of NYSE Euronext's European Markets If These Were Put On Sale

Date 19/02/2013

SIX Group AG, the operator od the Swiss stock exchange, would  be a potential purchaser of NYSE Euronext's European markets if they were put up for sale, SIX Group CEO Dtr. Urs Rueegsegger said in an interview with Bloomberg.

ICE Clear Credit Introduces Clearing For iTraxx

Date 19/02/2013

IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced today it has received regulatory approval for its U.S. based credit default swap clearing house, ICE Clear Credit, to clear the Markit iTraxx Europe CDS indices. Clearing for the contracts will launch on Feb. 25.

Deutsche Börse AG Releases Preliminary Results For Q4 And Full-Year 2012

Date 19/02/2013

Regulatory Announcement - SGX Forms Working Committee To Review Listing Rules

Date 19/02/2013

Singapore Exchange (SGX) wishes to inform that since its ‘Proposed review of listing manual’ announcement on 3 August 2012, a Working Committee has been established to conduct a comprehensive review of the listing manual to enhance the robustness, efficacy and relevance of the listing framework in Singapore.  The Working Committee has commenced its review to identify areas of possible enhancements to strengthen Singapore’s attractiveness as a capital market.

FINRA Fines Five ING Firms $1.2 Million For Email Retention And Review Violations

Date 19/02/2013

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined five affiliates of ING $1.2 million for failing to retain or review millions of emails for periods ranging from two months to more than six years. The five firms, indirect subsidiaries of ING Groep N.V., are Directed Services, LLC; ING America Equities, Inc.; ING Financial Advisers, LLC; ING Financial Partners, Inc.; and ING Investment Advisors, LLC.

Nordic And German Broker-Dealers And FESE Sign Joint Letter Against OTF For Equities

Date 19/02/2013

Joint letter sent to the Irish Presidency with a copy to Commissioner Barnier and MEP Markus Ferber to draw their attention to some major concerns we have with the current direction of the MiFID/R discussions on the Organised Trading Facility (OTF) trading venue category for equities in Council 

Hart-Scott-Rodino Act Waiting Period Expires For IntercontinentalExchange Acquisition Of NYSE Euronext

Date 19/02/2013

IntercontinentalExchange (NYSE: ICE) and NYSE Euronext (NYSE: NYX) today announced the expiration of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act in connection with the proposed combination of the two companies. The waiting period expired Friday, February 15.

ICAP Launches i-Swap In The US

Date 19/02/2013

ICAP (IAP.L), the world’s leading interdealer broker and provider of post trade risk and information services, announces that it launched i-Swap, its electronic interest rate derivative platform in the US for trading of US Dollar (USD) interest rate swaps (IRS) on Friday, 15 February. Barclays, B of A Merrill Lynch, Citi, Deutsche Bank and J.P. Morgan are supporting i-Swap by providing streaming prices. An additional 30 banking and investing institutions have access to trading on the platform. Initial levels of participation on the platform were encouraging and are expected to increase over the course of the coming weeks and months.

David Kelly Joins Calypso Technology As Director Of Financial Engineering - Calypso Continues To Expand Quantitative Team To Support Demand For Front-Office Capabilities

Date 19/02/2013

Calypso Technology, Inc., the global capital markets platform provider, has announced the appointment of David Kelly as Director of Financial Engineering. Mr. Kelly has nearly 20 years of experience in finance as a trader, quant and technologist and will be responsible for the Financial Engineering team at Calypso.