News Centre

EDHEC-Risk Institute Study Sheds New Light On Commodity Investment And Financialisation Of Commodity Markets

Date 25/10/2011

A number of policy-makers have blamed the decade-long rise in commodity prices and recent market volatility on the growing influence of financial investors and called for new regulation restricting their participation in commodity markets. Market financialisation has also led investors to worry about higher integration between commodity and traditional financial markets weakening the portfolio benefits of commodity investment.

IOSCO Secretary General To Leave Organisation In December 2011

Date 24/10/2011

The International Organization of Securities Commissions (IOSCO) announced that Greg Tanzer, its current Secretary General, will stand down as Secretary General at the end of December 2011 in order to take up an appointment as a Commissioner of the Australian Securities and Investments Commission (ASIC). 

Standard & Poor's Announces Changes In The S&P/TSX Preferred Share Index

Date 24/10/2011

Standard & Poor's will make the following changes in the S&P/TSX Preferred Share Index:

The Class A First Preferred Shares, Series "M" and "N", of The Toronto-Dominion Bank (TSX:TD.PR.M and TD.PR.N) have both been called for redemption at $C25.50 cash per share and will be removed from the S&P/TSX North American Preferred Stock Index and the S&P/TSX Preferred Share Index after the close of Monday, October 31, 2011.

Silicon Valley Veteran Joins Endace To Help Take Network Monitoring Into The Mainstream - Former Juniper VP Product Management Joins Endace As SVP Product Management And Marketing

Date 24/10/2011

Endace (LSE: EDA), world leaders in network monitoring and recording, today announced that Spencer Greene, formerly vice president product management at Juniper Networks, has joined Endace’s Executive Team to open a new California-based office and lead worldwide product management and marketing activities.

First Stage Concluded For The Implementation Of The BM&FBOVESPA PUMA Trading System - GTS Trading System Deactivated

Date 24/10/2011

BM&FBOVESPA has concluded the first stage of implementation of the BM&FBOVESPA PUMA Trading System, developed together with CME Group. On Monday (October 24) the GTS system for trading spot foreign currency and derivatives was deactivated.

Joint Associations’ Letter On The Proposed EU’s Financial Transactions Tax (FTT) To The Rt Hon George Osborne MP - UK Chancellor Of The Exchequer

Date 24/10/2011

Dear Chancellor,

As trade associations representing both the users and providers of financial services, we are writing to you in order to highlight our serious concerns over the proposed EU Financial Transaction Tax (FTT), to urge you to continue to take a strong stance against the tax, and to encourage the UK to work closely with those EU member states which are also opposed to the proposals.

New York Attorney General Schneiderman Announces Multi-Million Dollar Settlement With Banco Espírito Santo S.A. Over Unregistered Recommendation And Sale Of Securities - Portuguese Financial Institution Will Offer To Repurchase Securities Sold, Disgorge All Profits From Conduct, And Pay $975k For Failing To Register Under The Martin Act - Schneiderman: My Office Will Continue To Protect Investors And The Integrity Of New York’s Global Financial Markets

Date 24/10/2011

Attorney General Eric T. Schneiderman today announced a multi-million dollar agreement with Banco Espírito Santo S.A. (BES) to settle an investigation into the solicitation and sale by BES and its affiliates of securities to BES’s U.S. customers without registering itself or any of its affiliates as a securities broker-dealers or investment advisers, or any of their employees as salesmen, as required under New York’s Martin Act.

VCM Securities Launches VOLMAX™ Odd Lots - Electronic Bond Execution Platform For Odd Lots

Date 24/10/2011

VCM Securities LLC, the securities subsidiary of Vyapar Capital Markets Partners today began full operation of a revolutionary electronic bond execution platform called Volmax for Odd Lots. The platform is based on the pioneering Vyapar’s Volmax™ electronic trading system originally designed for OTC derivatives.

SEC Charges Major Portuguese Bank For Violating Registration Provisions Of U.S. Securities Laws - Banco Espirito Santo S.A. To Pay Nearly $7 Million To Settle Charges

Date 24/10/2011

The Securities and Exchange Commission today charged multinational banking conglomerate Banco Espirito Santo S.A. (BES) with violations of the broker-dealer and investment adviser registration provisions and the securities transaction registration provisions of the federal securities laws.

SIFMA Market Close Recommendations For The US Veterans Day And Japanese Culture Day Holidays In The US, The UK And The Japanese Markets

Date 24/10/2011

In observance of the US Veterans Day and Japanese Culture Day holidays, SIFMA made holiday recommendations in the U.S.,U.K., and Japan.