News Centre

ACFE Honors Michael Woodford For Exposing Olympus Accounting Scandal - Whistleblower To Receive 2012 Sentinel Award From World’s Largest Anti-Fraud Organisation

Date 01/03/2012

For “choosing truth over self” in exposing the Olympus accounting scandal, Michael Woodford has been selected to receive the Association of Certified Fraud Examiners’ (ACFE) Cliff Robertson Sentinel Award for 2012.

STOXX Limited Named “Most Innovative ETF Index Provider”

Date 01/03/2012

STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced that it has been named “Most Innovative Index Provider” by ETF Express. This is the third consecutive year that STOXX has received this award, and the first time that any company has won an award in any category three times in a row. Award winners are chosen based on votes cast by readers of ETF Express. The newsletter’s readership consists of index and exchange-traded fund (ETF) users.

Average Daily Volume Of 8.7 Million Contracts At Eurex Group In February

Date 01/03/2012

In February 2012, the international derivatives markets of Eurex Group recorded an average daily volume of 8.7 million contracts (Feb 2011: 10.3 million). Of those, 6.0 million were Eurex Exchange contracts (Feb 2011: 7.1 million), and 2.7 million contracts were at the U.S.-based International Securities Exchange (ISE) (Feb 2011: 3.2 million). In total, 179.3 million contracts were traded, thereof 125.8 million at Eurex and 53.5 million at the ISE.

European Parliament: Ensuring International Airlines Pay Their Share In Emissions Trading

Date 01/03/2012

Parliament's Transport Committee voiced deep concern on Tuesday over the threat of retaliation actions against European airlines if the EU continues implementing the new carbon trading scheme for flights departing and arriving in the EU. While some MEPs recommended abolishing the scheme, others feared a total loss of credibility if the EU gave in to threats from third countries. Later, In an Environment Committee debate on Thursday, most MEPs urged the Commission to stand by the scheme.

Antitrust: European Commission Opens Proceedings Against MathWorks

Date 01/03/2012

The European Commission has opened a formal investigation to assess whether The MathWorks Inc., a U.S.-based software company, has distorted competition in the market for the design of commercial control systems by preventing competitors from achieving interoperability with its products. The Commission will investigate whether by allegedly refusing to provide a competitor with end-user licences and interoperability information, the company has breached EU antitrust rules that prohibit the abuse of a dominant position. The opening of proceedings means that the Commission will examine the case as a matter of priority. It does not prejudge the outcome of the investigation.

Xetra/Frankfurt Stock Exchange: 96 Billion Euros Turned Over On Xetra In February 18.4 Million Transactions On Xetra

Date 01/03/2012

Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at €102.1 billion in February – a decrease by 9 percent year-on-year (February 2011: €112.7 billion). Of the €102.1 billion, €96.4 billion were attributable to Xetra – a decrease by 9 percent y-o-y (February 2011: €105.5 billion). €5.6 billion were attributable to the Xetra Frankfurt specialist trading, a 22 percent decrease y-o-y (February 2011: €7.3 billion). Order book turnover on Tradegate Exchange* totalled approximately €3.7 billion in February.

BM&FBOVESPA Obtains Records For Average Daily Financial And Trading Volumes In February

Date 01/03/2012

BM&FBOVESPA informs you that in February it obtained record average daily financial and trading volumes. The average daily financial volume was BRL 8,282.37 million, surpassing the previous record of BRL 7,777.83 million of October 2010. Average daily trading volume was a record 800,606 in February, surpassing the previous record of 705,855 of August 2011. 

Statement By Evangelos Venizelos Hellenic Republic Minister Of Finance During His Arrival For The Eurogroup Meeting In Brussels

Date 01/03/2012

Greek Deputy Prime Minister and Finance Minister Evangelos Venizelos statement at the doorstep, just before the Eurogroup meeting, Thursday, March 1, 2012:

“After the decisions of the last Eurogroup for the adoption of the new support program of the Greek economy and the official launch of PSI, we are waiting for the response of the market."

NASDAQ Welcomes American Realty Capital Trust Inc. To The NASDAQ Global Select Market

Date 01/03/2012

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that the trading of the common stock of American Realty Capital Trust Inc. ("ARCT") (Nasdaq:ARCT) commenced on the NASDAQ Global Select Market on March 1, 2012.

ISDA EMEA Determinations Committee: Credit Event Has Not Occurred With Respect To Recent Questions On The Hellenic Republic Restructuring

Date 01/03/2012

In light of today’s EMEA Determinations Committee (EMEA DC) unanimous decisions in respect of the two potential Credit Event questions relating to the Hellenic Republic (DC Issue 2012022401 and DC issue 2012022901), the EMEA DC has agreed to publish the following statement:

The first submitted question (DC Issue 2012022401) asked whether the holders of Greek law bonds had been subordinated to the ECB and certain NCBs whose bonds were acquired by the Hellenic Republic prior to the implementation of new Greek legislation such that such subordination constitutes a Restructuring Credit Event. (The full text of the question is available here http://www.isda.org/dc/view.asp?issuenum=2012022401.)

The EMEA DC unanimously determined that the specific fact pattern referred to in the first submitted question does not satisfy either limb of the definition of Subordination as set out in the ISDA 2003 Credit Derivatives Definitions (the 2003 Definitions) and therefore a Restructuring Credit Event has not occurred under Section 4.7(a) of the 2003 Definitions.