News Centre

STOXX Monthly Index Report – January In Review

Date 01/02/2012

As of January 31, 2012 stock market indices in Europe, Asia, the U.S. and globally were up, according to global index provider STOXX Limited. For the month of January, the Europe, Asia, U.S. and global markets were up 4.04%, 7.34%, 2.65% and 5.03%, respectively. The full performance report is below.

OCC Announces Retirement Of Bill Navin, Names James Brown New General Counsel

Date 01/02/2012

OCC announced today the retirement of Bill Navin, Executive Vice President, General Counsel and Chief Legal Officer of OCC. Mr. Navin joined OCC in July 1999, but was previously OCC’s outside counsel at Schiff Hardin & Waite. As a Schiff partner, Mr. Navin represented OCC since its inception in 1973.

Bolsas y Mercados Españoles (BME): Seminar On New Laws Affecting Listed Companies

Date 01/02/2012

Over 300 professionals representing IBEX 35® companies as well as numerous universities and law firms have come together in the Spanish stock exchange for a seminar concerned with the latest legal and corporate governance developments affecting General Shareholders Meetings and Boards of Directors of listed companies.

Automated Trader's Annual Survey Highlights Dramatic Increase In Model Diversity - Buyside Algorithmic Usage To Approach 100%

Date 01/02/2012

Automated Trader, the world's leading journal of automated and algorithmic trading, has recently released its Algorithmic Trading Survey Report. The results clearly demonstrate that with firms now automating or planning to automate an ever increasing range of processes, the diversity of algorithmic models being used has exploded, with further rapid growth predicted. The use of algorithms for trade execution and trade signalling purposes has been widespread amongst buyside firms for some time; already over 80% report the use of systematic algorithms to trade certain instruments, while more than 60% make use of execution algos. However, the range of models now being used for a variety of other purposes elsewhere in the trade life cycle has also been growing rapidly.

TMX Group To Introduce Next Generation Equity Trading Technology - Hardware Acceleration Technology To Provide Ultra-Low Latency Trading

Date 01/02/2012

TMX Group Inc. today announced that it is advancing its technology roadmap with the planned production implementation of the company’s next generation equity trading technology, which is based on hardware acceleration. Hardware acceleration is a general term that refers to the off-loading of processing work from server CPUs onto specialized hardware.

EMCF Introduces Lowest Clearing Rates In The World - Price Lowered To €0.001 Per Trade, Services Enhanced

Date 01/02/2012

European Multilateral Clearing Facility N.V. (EMCF), Europe’s largest cash equity CCP, announced today it offers the lowest clearing price available in Europe, while further enhancing its service. Participants clearing more than 2 million trades per day will be charged €0.001 per trade for all of their business.  The new fee equates to a lower rate than the clearing and netting fee for the same amount of business in the US and anywhere else in the world. 

The Spanish Stock Exchange Traded €69.99 Billion In January

Date 01/02/2012

Joaquín Almunia Vice President Of The European Commission Responsible For Competition Policy Mergers: Commission Blocks Proposed Merger Between Deutsche Börse And NYSE Euronext Press Conference Brussels, 1st February 2012

Date 01/02/2012

We have decided today to prohibit the proposed merger between Deutsche Börse and NYSE Euronext.

Deutsche Börse and NYSE Euronext operate the two largest exchanges for European financial derivatives in the world: Eurex and Liffe. The two companies are by far the largest global players in these products.

Minutes Of The Meeting Of The Treasury Borrowing Advisory Committee The Securities Industry And Financial Markets Association January 31, 2012

Date 01/02/2012

The Committee convened in closed session at the Hay Adams Hotel at 11:30 a.m. All Committee members were present. Assistant Secretary for Financial Markets Mary Miller, Deputy Assistant Secretary (DAS) for Federal Finance Matthew Rutherford and Director of the Office of Debt Management Colin Kim welcomed the Committee. Other members of Treasury staff present were Fred Pietrangeli, Jennifer Imler, Amar Reganti, David Chung, Ernest Zhu, Brian Zakutansky, and Alfred Johnson. Federal Reserve Bank of New York members Dina Marchioni and Mark Cabana were also present.

Thai Bourse’s 2012 CSR Plan To Strengthen Companies’ CSR

Date 01/02/2012

Corporate Social Responsibility Institute (CSRI) of The Stock Exchange of Thailand (SET) and Thaipat Institute announce that their 2012 corporate social responsibility’s (CSR) direction will focus on strengthening listed companies’ CSR activities by providing guidelines and training to cope with natural disasters and other crises.