News Centre

Tokyo Commodity Exchange To Launch Agricultural Market In February 2013

Date 08/06/2012

The Tokyo Commodity Exchange, Inc. (TOCOM), Japan's largest commodity futures exchange, announced today that it will accept the transfer of soybeans, azuki, corn and raw sugar contracts from the Tokyo Grain Exchange Inc.(TGE). The decision was made at the board of directors meeting on May 30. TOCOM plans to launch an agricultural market in February 2013 and will manage the processing of open positions and orders remaining on the TGE market.

New Zealand's Financial Markets Authority Releases Final Guidance On Effective Disclosure

Date 08/06/2012

The Financial Markets Authority (FMA) has today released its final guidance note for issuers, directors and advisers on Effective Disclosure.

Ponzi Scheme Operators Plead Guilty To ASIC Charges

Date 08/06/2012

Brian Wood of Davistown and Jimmy Truong of St John’s Park have pleaded guilty in the Downing Centre Local Court in Sydney to operating a Ponzi scheme called the Integrity Plus Fund.

Tokyo Grain Exchange: Revised SPAN Parameters For Azuki Futures Effective From June 11, 2012 To June 15, 2012

Date 08/06/2012

The SPAN parameters applicable for the clearing period from June 11, 2012 (Mon) to June 15, 2012 (Fri) is now available on the Japan Commodity Clearing House website at the following URL: http://www.jcch.co.jp/i/

Shenzhen Stock Exchange: Roundtable Conference Held To Discuss Innovation In Trading Mechanism

Date 08/06/2012

SZSE marked its annual “Trading Rules Day” on Tuesday 5th June, 2012 with a round-table conference themed Optimization and Innovation in Block Trading. Representatives from CSRC, overseas exchanges, academia, domestic brokerage and fund management companies attended the conference

Shanghai Stock Exchange: SSE 180 Sector Indices To Be Launched

Date 08/06/2012

To further enhance the SSE index family as well as to provide new analysis tools and underlying instruments for investors, SSE and CSI together announced that the SSE 180 Sector Indices would be launched on June 29, 2012. Regarding the methodology and more details of the above indices, please refer to the official website of SSE ( www.sse.com.cn ) and the official website of CSI (www.csindex.com.cn) respectively.

Hong Kong's Securities And Futures Commission Revokes The Licence Of Hong Hui Lung

Date 08/06/2012

SIFMA Statement On Release Of Fed Proposals Implementing Basel III

Date 08/06/2012

SIFMA today released the following statement from President and CEO Tim Ryan following the release by the Federal Reserve of proposed regulations to implement new capital and liquidity ratios under the Basel III agreement.

Statement From Office Of New York Attorney General On Court Ruling In Bank Of America Mortgage-Bond Lititgation

Date 07/06/2012

A New York judge today granted Attorney General Eric T. Schneiderman's right to intervene in litigation over Bank of America's proposed $8.5 billion settlement with mortgage-bond investors over opposition by Bank of New York Mellon, the trustee for investors. Schneiderman sought to intervene in the case to protect the interests of investors not involved in structuring the agreement, because it is far less than the massive losses investors have faced and will continue to face.

Fitch: New Base Case Indicates Spanish Banks Need EUR50bn To EUR60bn Capital

Date 07/06/2012

Fitch Ratings says that under its updated base case, the Spanish banking system will need additional capital requirements of between EUR50bn and EUR60bn to cover potential stressed losses on the domestic loan portfolio. Under a more extreme scenario, based on what occurred in Ireland, these amounts rise to between EUR90bn and EUR100bn. In both scenarios, this arises from the taking of upfront stressed losses, net of taxes, and without taking into account pre-impairment profits.