News Centre

SEFs Evaluated As Dodd-Frank Deadlines Loom - 52 Proposed Swap Execution Facilities Analysed; 12 Strongest Players Interviewed - Consultancy Advises On Product Coverage And Trading Models

Date 25/07/2012

A new report from GreySpark Partners, the capital markets consultancy, first in a series of three, has revealed how the swap execution facility (SEF) landscape is set to look after the Dodd-Frank act. The functions of over 50 potential SEFs were analysed, and the most likely top 12 were identified based on product coverage, volumes, current market share and positioning.

NASDAQ OMX Reports Second Quarter 2012 Results

Date 25/07/2012

• Q212 non-GAAP diluted EPS of $0.64, up $0.02 compared to prior year quarter; Q212 GAAP diluted EPS of $0.53
• Q212 non-GAAP net exchange revenues¹ were $413 million, down 0.5% year-over-year, but up 3% year-over-year on an organic basis (constant currency and excluding acquisitions); Q212 net exchange revenues were $424 million
• Performance driven by growth in Global Market Data Products (revenues up 8% year-over-year to $90 million) and Access Services (revenues up 11% year-over-year to $61 million)

Emissions Trading: European Commission Prepares For Change Of The Timing For Auctions Of Emission Allowances

Date 25/07/2012

The European Commission initiated in mid-April the review of the auction time profile of the EU Emissions Trading System (ETS) and proposes today a Decision to clarify the provisions of the EU ETS Directive on the timing of auctions of emission allowances.

NASDAQ OMX Announces Quarterly Dividend Of $0.13 Per Share

Date 25/07/2012

The Finance Committee of the Board of Directors of The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has declared a regular quarterly dividend of $0.13 per share on the company's outstanding common stock. The dividend is payable on September 28, 2012 to shareowners of record at the close of business on September 14, 2012. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Finance Committee or the Board of Directors.

Risk Management Association And Deloitte: Banks Make Progress Managing Wrong Way Risk - But Nearly A Third Are Not Monitoring It

Date 25/07/2012

A survey conducted by the Risk Management Association (RMA) in conjunction with Deloitte, the business advisory firm, highlights many banks are making progress managing wrong way risk (WWR) – but nearly a third make no effort to monitor it.

Q&A Emissions Trading: European Commission Prepares To Change The Time Profile For Auctions Of Emission Allowances

Date 25/07/2012

Q&A Emissions Trading: Commission prepares to change the time profile for auctions of emission allowances

Question 1: What has the Commission presented today?

The Commission adopted a proposal to clarify a specific provision in the EU Emissions Trading System (ETS) Directive¹ related to the timing of the auctions of emission allowances. In parallel, it also transmitted a draft for a possible future amendment of the Auctioning Regulation², which is an implementing act, for consultation to the Climate Change Committee. Finally, it released a Staff Working Document³ that contains analytical information.

ESMA Publishes ETF Guidelines And Consults On Repo Arrangements

Date 25/07/2012

The European Securities and Markets Authority (ESMA) has today published guidelines on Exchange-Traded Funds (ETFs) and other UCITS issues. These guidelines will apply to national securities markets regulators and UCITS management companies.

HKEx: London Metal Exchange Shareholders Vote In Favour Of Acquisition By HKEx

Date 25/07/2012

Hong Kong Exchanges and Clearing Limited (HKEx) is pleased to learn that the ordinary shareholders of LME Holdings Limited (LME Holdings), the parent company of The London Metal Exchange Limited (LME), have approved, at a court meeting and an extraordinary general meeting of LME Holdings today (Wednesday), all the resolutions required in connection with the proposed scheme of arrangement to implement the acquisition of LME Holdings by HKEx.

UK's Financial Services Authority Consults On New Funding Model Review For The Financial Services Compensation Scheme

Date 25/07/2012

The Financial Services Authority (FSA) has proposed changes to the funding of the Financial Services Compensation Scheme (FSCS) which will continue to provide important reassurance to consumers but could reduce the likelihood of interim levies and offer firms more certainty in the level of fees they pay.

HKEx: Results From The LME Court Meeting And The LMEH General Meeting

Date 25/07/2012

The Board provides an update on the voting results from the Court Meeting and the LMEH General Meeting convened for the consideration and approval of the recommended acquisition of the entire issued ordinary share capital of LMEH by HKEx Investment by way of a scheme of arrangement and a capital reduction, as announced by HKEx on 15 June 2012.