News Centre

Statement By IMF Managing Director Christine Lagarde On Pledges By Australia, Korea, Singapore And The United Kingdom To Increase IMF Resources By About US$41 Billion

Date 20/04/2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today:

“I warmly welcome fresh commitments from Australia, Korea, Singapore and the United Kingdom to provide substantial contributions to increasing Fund resources by a combined total of about US$41 billion. These bring to at least US$357 billion the additional commitments to IMF resources from the cooperative effort under way to ensure adequate Fund resources. This broad-based response to our request for additional resources will help strengthen global economic and financial stability in the interests of all our members."

NASDAQ Welcomes Proofpoint, Inc. To The NASDAQ Global Market

Date 20/04/2012

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that Proofpoint Inc. (Nasdaq:PFPT) is trading today on the NASDAQ Global Market ^®.

Federal Reserve Board Announces The Formation Of The Model Validation Council

Date 20/04/2012

The Federal Reserve Board on Friday announced the formation of the Model Validation Council, which will provide the Federal Reserve with expert and independent advice on its process to rigorously assess the models used in stress tests of banking institutions. In addition, the Federal Reserve announced it will host a two-day symposium to discuss best practices in stress testing.

Decisions Taken By The Governing Council Of The European Central Bank - In Addition To Decisions Setting Interest Rates

Date 20/04/2012

Market Operations

Information requirement to address modifications to asset-backed securities

On 4 April 2012 the Governing Council approved additional information requirements for modifications to asset-backed securities (ABSs). The counterparties, which will be informed by the respective national central banks to which they report, are to inform the Eurosystem: (i) one month beforehand of any planned modification to an ABS that it has submitted as collateral; and (ii) upon submission of an ABS, of any modification made to that ABS in the six months prior to its submission, if the ABS is “own-used”.

SEC Charges Father-And-Son Hedge Fund Managers Who Agree To Pay $4.8 Million To Settle Fraud Case

Date 20/04/2012

The Securities and Exchange Commission today charged a Boston-based father-son duo of hedge fund managers and their firms with securities fraud for misleading investors about their investment strategy and past performance.

New Buy-Side Research Shows That The Use Of Dark Pools Is Inextricably Linked To Other Factors In Market Structure

Date 20/04/2012

New research from TradeTech Pulse suggests that the lack of data consolidation and established data standards across Europe is increasingly pushing asset managers to direct flow into dark pools, as they are finding it so hard to navigate across the fragmented nature of the markets in Europe. The research also reveals that between 30-40% of asset managers’ trading flow is now being executed in an OTC environment, however not all asset managers trade in dark pools. And contrary to the popular assumption, avoiding high frequency traders is not the major reason that an asset manager will direct flow into a dark pool. The majority of the respondents believe they will be trading high volumes in a greater variety of dark pools in a few years’ time.

DTCC/CSFI Fellowship In Post-Trade Architecture: Interim Report

Date 20/04/2012

Please click here to read the interim report for the CSFI/DTCC Fellowship in Post-Trade Architecture, which began in June 2011. 

NASDAQ OMX Commodities/Nord Pool March 2012 Report

Date 20/04/2012

Highlights physical March 2012:

POWER:

• Nord Pool Spot market share of Nordic consumption was 72.1% in March.
• The total Nordic preliminary consumption for March was 34.8 TWh compared to 38.3 TWh in February.
• Volumes traded in the day-ahead and intraday markets were 28.3 TWh in March compared to 30.9 TWh in February 2012.
• The average Elspot system price for March was 29.20 EUR/MWh compared to 49.06 EUR/MWh in February 2012.
• The value of turnover in the day-ahead and intraday markets for March was EUR 0.8 billion.

MCX Weekly Market Report April 13, 2012 - April 19, 2012

Date 20/04/2012

Please click here to download the MCX Weekly Market Report.

HKEx: Changes Of Designated Securities For Short Selling

Date 20/04/2012

The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announces that with effect from 27 April 2012 (Friday), 30 additional securities will be eligible for short selling and 21 existing designated securities will be removed from the list.  The total number of designated securities for short selling will be 646 after the revision.