News Centre

ISDA Publishes Best Practices For OTC Commodity Derivatives Trade Processing

Date 25/04/2012

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of a whitepaper, “OTC Commodity Derivatives Trade Processing Lifecycle Events.”

Testimony On “SEC Oversight” By Chairman Mary L. Schapiro U.S. Securities And Exchange Commission - Before The Capital Markets And Government Sponsored Enterprises Subcommittee And Financial Institution And Consumer Credit Subcommittee Of The U.S. House Of Representatives Committee On Financial Services

Date 25/04/2012

Chairman Garrett, Ranking Member Waters and members of the Subcommittee: I appreciate the opportunity to testify regarding the recent activities of U.S. Securities and Exchange Commission (SEC).

European Parliament - Financial Transaction Tax: A Wider And Stronger Net Is Possible

Date 25/04/2012

The proposed financial transaction tax should be better designed to capture more traders and to make evading it unprofitable, says a resolution adopted on Wednesday by the Economic and Monetary Affairs Committee. The resolution also says the tax should go ahead even if only some Member States opt for it.

Budget/MFF: Reply Of European Commission President Barroso To A Question From A Journalist About British Taxpayers

Date 25/04/2012

Question of a journalist: How do you explain to taxpayers in a country like Britain that, because of this budget increase, the British treasury will have to find over a billion euros extra next year to give to you what it is cutting back on public services in Britain?

Swedish Financial Supervisory Authority - Finansinspektionen - Implements Changes

Date 25/04/2012

Finansinspektionen is growing and recently restructured its organisation to be able to better meet future supervisory and regulatory needs. FI is now implementing additional changes and eliminating the position of Chief Economist. Most of the tasks previously carried out by the Chief Economist will now be divided between Aino Bunge and Uldis Cerps. 

FINRA Hearing Officer Expels Pinnacle Partners Financial Corp. And Bars President For Fraud

Date 25/04/2012

A Financial Industry Regulatory Authority (FINRA) hearing officer has expelled Pinnacle Partners Financial, Corp., a broker-dealer based in San Antonio, TX, and barred its President, Brian Alfaro, for fraudulent sales of oil and gas private placements and unregistered securities. In addition, Brian Alfaro was found to have used customer funds for personal and business expenses. As restitution, Pinnacle and Alfaro are ordered to offer rescission to investors who were sold fraudulent offerings and refund all sales commissions to those customers who do not request rescission.

CBOE Futures Exchange And DRW Trading Group Complete Agreement To Create Stock Index Variance Futures

Date 25/04/2012

The CBOE Futures Exchange, LLC (CFE) and DRW Trading Group have completed an agreement that will allow CFE to use DRW's patent-pending methodology to create variance futures that, for the first time, match the quoting conventions and economic performance of over-the-counter (OTC) stock index variance swaps. 

Entry Standard For Bonds Is Corporate Bond Market Leader In Germany - Deutsche Börse Looks Back On Positive First Year

Date 25/04/2012

Deutsche Börse is reflecting on a positive first year since it introduced the Entry Standard for bonds. The segment has established itself as the market leader for listed corporate bonds in Germany in terms of issue volume and the number of issues in the past 12 months. Eleven companies with 13 bonds and a total issue volume of €812 million (planned) and €530 million (placed) have used the Entry Standard for bonds as an alternative source of financing.

MarketAxess Reports First Quarter 2012 Record Revenues Of $50.7 Million, Record Pre-Tax Income Of $22.7 Million And Diluted EPS Of $0.35

Date 25/04/2012

First Quarter Financial Highlights^* 

• Record revenues of $50.7 million, up 16.3%
• Record pre-tax income of $22.7 million, up 28.8%
• Pre-tax margin of 44.8%, up from 40.5%
• Record EBITDA of $24.6 million, up 27.9%
• Net income of $13.5 million, up 25.2%

^*All comparisons versus first quarter 2011. 

NASDAQ OMX Reports First Quarter 2012 Results

Date 25/04/2012

• Q112 non-GAAP diluted EPS of $0.61, on par with prior year; Q112 GAAP diluted EPS of $0.48
• Q112 net exchange revenues of $411 million
• Declares initial quarterly cash dividend of $0.13 per share
• Implementing cost reduction plan with a goal of $50 million in annualized cost savings by end of 2012, with $25 million savings realized in 2012
• Announces discussions with LCH.Clearnet Group regarding the acquisition of IDCG