News Centre

Buy-side Executives Forecast Agency Broker Consolidation - Bloomberg Tradebook's First Forum Identifies Key Trading Trends

Date 27/07/2011

Buy-side traders, facing lower volatility and volumes, say that the number of agency brokers will decrease over the next year, according to comments released today by Bloomberg Tradebook, a leading global agency broker.

Dow Jones Global Indexes Launches A Global Shipping Industry Index - Dow Jones Global Shipping Index To Measure The Performance Of 25 Leading Dividend-Paying Shipping Companies

Date 27/07/2011

Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Global Shipping Index, which measures the performance of 25 leading dividend-paying companies in the shipping industry.

Mark E. Van Der Weide, Federal Reserve Senior Associate Director, Division Of Banking Supervision And Regulation - Credit Ratings Agencies - Before The Subcommittee On Oversight And Investigations, Committee On Financial Services, U.S. House Of Representatives, Washington, D.C.

Date 27/07/2011

Chairman Neugebauer, Ranking Member Capuano, and members of the Subcommittee, thank you for the opportunity to discuss section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act). To help achieve the important objective of reducing governmental and private sector reliance on credit ratings, section 939A requires all federal agencies to review their regulations for references and requirements related to credit ratings, remove such credit rating references and requirements from their regulations, and replace them with appropriate alternative standards of creditworthiness.

Speech By SEC Commissioner Luis A. Aguilar: Re-designing The Eligibility Criteria For Short-Form Registration

Date 27/07/2011

Today the SEC is considering whether to adopt amendments to the eligibility criteria of its short-form registration process. Up to now, credit ratings have been used to determine whether a securities offering is eligible for the SEC’s streamlined short-form registration process. Under the rules in effect since 1982, a primary offering of debt securities deemed “investment grade” by a nationally recognized statistical rating organization may qualify for short-form registration, regardless of the issuer’s public float. As the Commission stated when it adopted short-form registration eligibility requirements, the goal was to “meet the objective of relating short-form registration to the existence of widespread following in the marketplace.”

TradingScreen's First Clients Tap eSpeed, BGC Partners' Proprietary Trading Platform, Via TradeExchange

Date 27/07/2011

TradingScreen Inc. ("TradingScreen"), the leading provider of execution management systems (EMS), today announced that its first clients have begun to trade U.S. Treasury securities using eSpeed technology offered by BGC Partners L.P. and the family of its affiliated company ("BGC"), a global leader in servicing the wholesale financial markets. Clients are now accessing BGC's eSpeed system via TradingScreen's TradeExchange product suite, designed for low-latency access to fixed income trading through a Software-as-a-Service (SaaS) model.

Speech By SEC Commissioner Kathleen L. Casey: Statement At Open Commission Meeting — Re-Proposal of Shelf Eligibility Conditions For Asset-Backed Securities And Other Additional Requests For Comment

Date 27/07/2011

Thanks once again to the staff for your hard work on this release, which revises and re-proposes the shelf eligibility conditions for asset-backed securities that were included in the ABS proposing release that we issued in April 2010, and contains additional requests for comment relating to the disclosure of asset-level information about pool assets.

The China Banking Regulatory Commission And The Monetary Authority of Singapore Sign A Supplemental To Memorandum Of Understanding

Date 27/07/2011

The China Banking Regulatory Commission (CBRC) and the Monetary Authority of Singapore (MAS) today signed a Supplemental to our existing Memorandum of Understanding (MoU) to include cooperation on crisis management. Following the recent global financial crisis, there is recognition of the need for greater international cooperation to manage crises.The Supplemental to MoU was signed by Mr Zhou Mubing, Vice Chairman, CBRC and Ms Teo Swee Lian, Deputy Managing Director, MAS at the 8th Joint Council for Bilateral Cooperation (JCBC) meeting between China and Singapore held in Singapore.

NASDAQ OMX Continues To Deliver Record Earnings - Reports Strong Second Quarter 2011 Results - Non-GAAP Diluted EPS Of $0.62 Represents 19% Increase Over Q210 Results

Date 27/07/2011

The NASDAQ OMX Group, Inc. ("NASDAQ OMX^®") (Nasdaq:NDAQ) reported strong results for the second quarter of 2011. Net income attributable to NASDAQ OMX for the second quarter of 2011 was $92 million, or $0.51 per diluted share, compared with $104 million, or $0.57 per diluted share, in the first quarter of 2011, and $96 million, or $0.46 per diluted share, in the second quarter of 2010.

Speech By SEC Commissioner Luis A. Aguilar: A Step Toward Enhanced Market Surveillance

Date 27/07/2011

In 1990, Congress gave the Commission authority to monitor large traders. At the time, Congress stated that it intended this authority to “greatly enhance the Commission’s understanding of how our markets are used by large traders and whether the strategies or practices employed by such large traders may pose routine or extraordinary risks, intended or not, to the stability or the integrity of our securities markets.” Today, the Commission takes the first step to implement Congress’ stated intention. The new rule before us, Rule 13h-1, would create the means for the Commission to identify and track the trading and market impact of significant market participants.

Deutsche Börse: Eight New db x-trackers ETFs Launched On Xetra - ETFs Track Performance Of Country And Regional Indices In MSCI Index Family - First ETF On Russell Midcap Index

Date 27/07/2011