News Centre

"Day Tripper" Opening Statement Of Commissioner Bart Chilton To The CFTC Technology Advisory Committee

Date 29/03/2012

Thanks to Commissioner O'Malia for his leadership of the Technology Advisory Committee (TAC).  He and his staff have done a marvelous job and they are to be commended.

Charitable Trading Day At London Stock Exchange Group On 2 April - Equity Trading Fees From London And Milan To Be Donated To LSE Group Foundation - At Least £500,000 Expected To Be Donated To Charity - Charity Market Open Ceremony To Be Held On 2 April At 8am - Nick Hurd MP, Minister For Civil Society To Attend Ceremony

Date 29/03/2012

On Monday 2 April, London Stock Exchange Group will, for the first time in its history, donate a full day's worth of equity trading fees from the London Stock Exchange, Borsa Italiana and Turquoise - in excess of £500,000 - to charity. The money raised will be donated to the LSE Group Foundation which funds charitable projects in the UK, Italy and Sri Lanka.

European Parliament: Clamping Down On The Derivatives Trade

Date 29/03/2012

EU legislation to make trade over-the-counter (OTC) derivatives safer and more transparent was approved by an overwhelming majority in Parliament on Thursday. Derivatives trading is widely believed to have contributed to the global financial crisis. The draft regulation had been provisionally agreed by Parliament and Council negotiators on 9 February.

European Commission: Regulation On Over-The-Counter Derivatives And Market Infrastructures – Frequently Asked Questions

Date 29/03/2012

What are derivatives?

A derivative is a financial contract linked to the future value or status of the underlying to which it refers (e.g. the development of interest rates or of a currency value, or the possible bankruptcy of a debtor).

Over-the-Counter (OTC) derivative contracts are not traded on an exchange (for example the London Stock Exchange) but instead privately negotiated between two counterparts (for example a bank and a manufacturer). The definition of OTC derivatives in EMIR refers to all derivatives contracts which are not "executed on a regulated market". As a result all derivatives contracts executed on a venue of execution which is not a regulated market (e.g. a Multilateral trading facility), is considered as an OTC derivative contract under EMIR.

Statement By Commissioner Michel Barnier, Following The Vote By The European Parliament Of New European Rules To Regulate Financial Derivatives

Date 29/03/2012

"I congratulate the European Parliament on its vote approving a regulation for more stability, transparency and efficiency in derivatives markets. Today's vote confirms the political agreement reached in February with the Council on the basis of the Commission's proposal. It is a key step in our effort to establish a safer and sounder regulatory framework for European financial markets. This matters because we need to restore trust in the financial sector, and because we need the financial sector to operate on a sound footing to ensure a return to sustainable growth of the real economy.

HKEx Selects NYSE Technologies' Exchange Data Publisher For HKEx Orion Market Data Platform

Date 29/03/2012

Hong Kong Exchanges and Clearing Limited (HKEx) has selected NYSE Technologies' Exchange Data Publisher (XDP)™ to drive the HKEx Orion Market Data Platform.  XDP is an ultra-low latency solution designed to collect, integrate and disseminate real-time market data to local customers and, using regional hubs, to customers around the globe.

Securities Commission Malaysia: Malaysia’s New CG Code Puts Strong Emphasis On Board Effectiveness

Date 29/03/2012

The Securities Commission Malaysia (SC) today released the Malaysian Code on Corporate Governance 2012 (MCCG 2012) as the first major deliverable of the Corporate Governance Blueprint 2011 (Blueprint) launched in July last year.

HKFE Announces Revised Margins For Futures Contracts

Date 29/03/2012

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Monday, 2 April 2012, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below.  The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

Clearstream Launches Funds As Collateral Committee - Promoting The Use Of Investment Funds As Collateral - Use Of Investment Funds Could Bring 700 Billion Of Additional Collateral To The Market

Date 29/03/2012

Clearstream has announced the launch of the Funds as Collateral Committee (FCC) where 40 markets experts will discuss in London today the best use of investment funds as collateral. Founding members of the FCC include asset managers, industry experts and collateral management users. They will analyse the benefits of using fund shares as collateral over more established assets. Marcus Littler, Director of Liquidity Sales at BNY Mellon, will be the inaugural FCC Chairman.

HKEx Announces Liquidity Providers For BRICS Futures

Date 29/03/2012

Hong Kong Exchanges and Clearing Limited (HKEx) has appointed the following liquidity providers for the BRICS futures contracts that will begin trading on its derivatives market on Friday, 30 March 2012.