News Centre

FINRA Fines Citi International Financial $600,000 And Orders Restitution Of $648,000 For Excessive Markups And Markdowns

Date 19/03/2012

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Citi International Financial Services LLC, a subsidiary of Citigroup, Inc., $600,000 and ordered more than $648,000 in restitution and interest to more than 3,600 customers for charging excessive markups and markdowns on corporate and agency bond transactions, and for related supervisory violations.

Semi-Annual Changes To The NASDAQ OMX Clean Edge Smart Grid Infrastructure Index

Date 19/03/2012

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today the results of the semi-annual evaluation of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index (Nasdaq:QGRD), which will become effective with the market open today.

European Commission: Green Paper On Shadow Banking – Frequently Asked Questions

Date 19/03/2012

1. What is shadow banking?

Shadow banking is the system of credit intermediation that involves entities and activities that are outside the regular banking system, and thus are not regulated like banks.

"Shadow banking" entities operate outside the regular banking system, and yet engage in the following bank-like activities:

• accepting funding with deposit-like characteristics;

• performing maturity and/or liquidity transformation;

• undergoing credit risk transfer; and

• using direct or indirect financial leverage.

Deutsche Börse: Second Eyemaxx Real Estate AG Bond Planned For Listing On The Entry Standard - Subscription Period From 19 March To 5 April 2012

Date 19/03/2012

Eyemaxx Real Estate AG is planning a corporate bond in Deutsche Börse’s Entry Standard. The bond with the ISIN: DE000A1MLWH7 may be subscribed until 5 April subject to early ending.

Semi-Annual Changes To The NASDAQ OMX CEA Smartphone Index

Date 19/03/2012

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Consumer Electronics Association (CEA)^® announced today the results of the semi-annual evaluation of the NASDAQ OMX^® CEA Smartphone Index (Nasdaq:QFON), which will become effective with the market open today.

Algirdas Šemeta EU Commissioner For Taxation, Customs Union, Anti-Fraud, Audit And Statistics "Financial Transactions Tax: The Way Ahead" Meeting Of Members Of The Finance and Fiscal Committees In The Danish Parliament Copenhagen, 19 March 2012

Date 19/03/2012

Ladies and Gentlemen,

I would like to thank the Danish Parliament for inviting me to this conference and giving me the opportunity to address such a distinguish audience.

The European Commission places great value on strong relations with National Parliaments, as well as with the European Parliament. It is through such relations that we can engage with citizens via their elected representatives. This not only enables us to better understand and respond to citizens' legitimate expectations. It also helps citizens to have a clearer view of what we are doing for them at EU-level. Never has it been more important to reinforce the connection between the EU and its citizens, and to explain clearly our proposals and decisions.

Two New Ossiam Equity Index ETFs Launched On Xetra - ETFs Track Emerging Markets From Ossiam Minimum Variance Index Series

Date 19/03/2012

Two new index funds issued by Ossiam Lux have been tradable on Xetra® since Monday.

Instinet Releases Newport 3.12

Date 19/03/2012

Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced the completion of the global rollout of the 3.12 release of Newport®, its award-winning execution management system (EMS).  

FPL Releases Support To Advance Fixed Income Trading Following Regulatory Refor - Effort To Encourage Standardised, Cost Effective And Efficient Connectivity To Emerging Swap Execution Facilities (SEFs) Releases Best Practice Guidelines And Advanced FIX Functionality

Date 19/03/2012

FIX Protocol Limited (FPL), the non-profit, global, industry standards organisation that owns and develops the FIX Protocol messaging language, today announces the availability of best practices recommendations to support the trading of Credit Default Swaps (CDS) and Interest Rate Swaps (IRS). 

European Commission: Taking Action On Shadow Banking: Avoiding New Sources Of Risk In The Financial Sector

Date 19/03/2012

So that the EU learns all the lessons from the crisis, it is implementing ambitious regulatory reforms in the financial sector in general and in the banking sector in particular. This will contribute to creating a stronger and sounder financial sector at the service of the real economy. As part of these reforms, it is now time to deal with the growing area of non-bank credit activity, or so-called "shadow banking", which has so far not been a prime focus of prudential regulation and supervision. To a certain extent, shadow banking performs important functions in the financial system. For example it creates additional sources of funding and offers investors alternatives to bank deposits. But it can also pose potential threats to long-term financial stability because unknown sources of risk accumulate in the financial sector and there are potential spill-over effects from the shadow banking sector to the regular banking sector.