News Centre

Hong Kong's Securities And Futures Commission Calls Investors’ Attention To Recent Ordinance Amendments

Date 21/05/2012

In the latest issue of InvestEd Intelligence, the Securities and Futures Commission (SFC) briefly discusses the implications of the Securities and Futures (Amendment) Ordinance 2012 gazetted in early May.

Tribunal Upholds UK’s Financial Services Authority Decision To Ban And Fine Former UBS Advisers £1.3m For Not Being Fit And Proper In Relation To An Unauthorised Trading Scheme

Date 21/05/2012

The Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Services Authority (FSA) to fine Sachin Karpe £1.25 million and Laila Karan £75,000 and ban them both from performing any role in regulated financial services for failing to act with integrity, in breach of Principle 1 of the FSA’s Statements of Principles and Code of Conduct for Approved Persons (“APER”) and for not being fit and proper persons.

Hong Kong's Securities And Futures Commission Introduces Measures To Facilitate Establishment Of FDRC

Date 21/05/2012

To facilitate the establishment of the Financial Dispute Resolution Centre Ltd (FDRC) and enhance the regulatory framework (Notes 1 and 2), the Securities and Futures Commission (SFC) released a set of consultation conclusions today announcing amendments to the Code of Conduct for Persons Licensed by or Registered with the SFC (code of conduct).

Cinnober Acquires Nomura's Swedish Technology Development Centre - Strengthens Investment Bank Trading Knowledge

Date 21/05/2012

Cinnober today announces it has agreed to acquire Nomura's internationally renowned Swedish technology development organization in Umeå. The deal includes 40 specialists in developing equity trading applications and platforms.

EBS Announces Senior Leadership Team

Date 21/05/2012

ICAP announced today that EBS has finalised the structure of its senior leadership team, following the appointment of Gil Mandelzis as CEO of EBS in March 2012. The new appointments include:

• Rafi Vasserman as Chief Information Officer. Rafi has been promoted into a new role which will oversee innovation and product development for EBS and Traiana.
• Ed Brown as Head of Strategic Initiatives. Ed has been with ICAP for 10 years and has extensive experience of working with regulators and policymakers.
• Jason Cohen as Global Chief Operating Officer. Jason has been a senior member of the ICAP Electronic Broking Management team for seven years.
• Eliran Glazer will be seconded to the EBS management team from Traiana to assist with the delivery of a number of commercial projects, whilst also retaining his role as CFO of Traiana.

EDHEC-Risk Alternative Indexes: Weak Start To Second Quarter For Hedge Funds

Date 21/05/2012

Please click here to download the latest performance update of the EDHEC-Risk Alternative Indexes.

ICAP Appoints Andy Coyne As Chief Executive Officer Of Traiana

Date 21/05/2012

ICAP plc announced today that it has appointed Andy Coyne as Chief Executive Officer, Traiana. Andy Coyne joins Traiana from Citi, where he was Head of FX Prime and eCommerce Product. He will report to Gil Mandelzis, founder of Traiana, who has moved to the newly created role of Traiana Executive Chairman.

Listed Firms Of Thai Alternative Bourse Post Higher Sales In Q1 - Q1 Revenues Of MAI’s Listed Firms Up 27.45 Pct From A Year Earlier - Net Profit Down 1.21 Pct Y-O-Y To THB 1.23 Bln

Date 21/05/2012

Companies listed on the Market for Alternative Investment (mai), in The Stock Exchange of Thailand (SET) group, reported a 27.45 percent increase in sales to THB 22.9 billion (approx. USD 738 million) in the first quarter of 2012, while net profit dipped slightly by 1.21 percent from a year earlier to THB 1.23 billion.

Quote MTF Launches Outsourced Equities Trading Venue Services - Quote MTF’s QUBE To Fast-Track Industry Adoption Of Regulated Multilateral Trading Facilities

Date 21/05/2012

Quote MTF,the lit trading venue for Pan-European equities, today launched QUBE, a turnkey hosting and outsourcing solution for equities crossing venues under  an MTF regulatory framework.

Osaka Securities Exchange SPAN Parameter Updated (May 28, 2012 - Jun. 01, 2012)

Date 21/05/2012

OSE has set up SPAN Parameter for calculating margin requirements as follows.
This SPAN Parameter is used for calculating "SPAN Risk Parameter Files" which are distributed on a daily basis. OSE sets and publishes new Parameters on the first business day of each week, which are applicable from the first business day of the next week.