News Centre

KVH To Launch New Cloud-Based Webscan Service For Web Application Penetration Testing - Providing Highly Accurate And Low-Cost Services To Support Business Risk Management

Date 18/01/2012

KVH Co., Ltd., Asia’s leading information delivery platform providing integrated cloud and network solutions, announced the launch of KVH WebScan, a new web application penetration testing service for corporate risk management available from today. 

To Further Expand Service Coverage And Improve Information Disclosure Quality Of Annual Report - Shenzhen Stock Exchange To Provide Remote Training Course On Annual Report Preparation

Date 18/01/2012

To help the listed companies prepare for the formulation, submission and disclosure of 2011 annual report and improve the information disclosure quality, Shenzhen Stock Exchange recently held a remote training course on the preparation of annual report. 3258 persons from 1287 listed companies of the three boards (main board, SME board, ChiNext board) attended the course. The Exchange will also play the training video online until April 30 for the review of the listed companies.

Mercado Alternativo Bursátil Approves The Incorporation Of ATOMM As A Registered Adviser - The Total Number Of Registered Advisers On MAB Is 31

Date 18/01/2012

The Board of Directors of the Mercado Alternativo Bursátil (MAB) have agreed the appointment of Atom Management (ATOMM) as a Registered Adviser in the MAB for growth companies and its registration on the Advisers Register. With this incorporation the total number of Registered Advisers on MAB stands at 31.

SEC Names Jane Norberg As Deputy Chief Of Whistleblower Office

Date 17/01/2012

The Securities and Exchange Commission today announced that Jane A. Norberg has been appointed as Deputy Chief of the Office of the Whistleblower, which oversees the agency’s whistleblower program.

ConvergEx Group Launches ConnEx - Outsourced FIX Services Offer Scalable, Cutting‐Edge And Cost‐Efficient Infrastructure And Technology

Date 17/01/2012

ConvergEx Group, a leading technology company, today announced that it haslaunched ConnEx, a new business that provides a complete line of FIX connectivity infrastructure solutions.  ConnEx offers the latest technology available and a dedicated team of professionals to customize solutions with highly‐ flexible FIX gateways and top‐quality FIX protocol implementation. These services are designed to help customers more efficiently manage their daily operations and to save significantly on capital expenditures.

Industry White Paper Urges Firms To Outsource Corporate Actions Validation Function

Date 17/01/2012

Financial institutions that require accurate, timely and cost-effective corporate actions information could derive significant benefits from outsourcing some functions to independent firms that offer high-quality global corporate actions information and validation services.

Statement By IMF Managing Director Christine Lagarde Following Executive Board Discussion On The Adequacy Of Fund Resources

Date 17/01/2012

Managing Director Christine Lagarde of the International Monetary Fund (IMF) today issued the following statement after an Executive Board discussion on the adequacy of Fund resources as part of the ongoing review of Fund resources:

“Today’s discussion on the adequacy of Fund resources was a welcome opportunity to assess whether they are sufficient for the IMF to fulfill its mandate and to play a full and constructive role in securing global stability. Following the request of our membership last year through the International Monetary and Financial Committee and the general support by the G20 leaders at the Cannes summit, today’s discussion was an important step."

FIF Capacity Statistics For December 2011

Date 17/01/2012

This month’s bulletin from the Financial Information Forum (FIF) finds that NYSE ARCABOOK OPTIONS was up a record 4% to 1,472,063 mps over the 1 second interval.

SEC Inspector General H. David Kotz To Leave Commission

Date 17/01/2012

The Securities and Exchange Commission today announced that Inspector General H. David Kotz will leave the agency at the end of January to join a private investigative services firm. Since he was appointed in December 2007, Mr. Kotz directed many important investigations and audits that led to significant improvements of the agency’s operations.

ISDA Updates Greek Sovereign Debt Q&A

Date 17/01/2012

The possibility of retrospectively applying Collective Action Clauses (CACs) to existing Greek debt has been discussed of late.  Would the inclusion or activation of a CAC trigger a Credit Event?

The determination of whether any action constitutes a credit event under CDS documentation will be made by ISDA’s EMEA Determinations Committee on the basis of the specific facts and if a market participant requests a decision from the DC. Generally, however, the inclusion of a CAC would not, in and of itself, be expected to trigger a Credit Event. On the other hand, the use of such a clause to effect a reduction in coupon or principal or one of the other events set out in the definition of the Restructuring Credit Event could trigger if the other requirements of the Restructuring Credit Event were met (for example decline in creditworthiness), as its effect would be to bind all holders of the relevant debt.