News Centre

SIFMA Issues Best Practices For Use Of Expert Networks

Date 29/09/2011

SIFMA today released a set of best practices for its member firms to provide guidance to broker-dealers on engaging and interacting with expert networks and their associated consultants who provide information that might be useful in forming investment views and in making investment decisions.   

SEC Staff Issues Risk Alert On Master/Sub-account Risks

Date 29/09/2011

The staff of the Securities and Exchange Commission today issued a Risk Alert warning of significant concerns regarding trading through sub-accounts, and offered suggestions to help securities industry firms address those risks.

UK's Financial Services Authority Chairman Lord Turner's Speech At The European Conference On Banking And The Economy At Southampton University - Credit Creation And Social Optimality

Date 29/09/2011

Ensuring greater financial stability may require policy makers to make judgements about the right level of credit in the economy, and about the relative value of different categories of credit created by the banking system, said Adair Turner, chairman of the FSA at a speech this evening.

Program Trading Averaged 31.0 Percent Of NYSE Volume During Sept. 19-23

Date 29/09/2011

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for Sept. 19-23.

Opening Statement By Peter Reitz, CEO European Energy Exchange AG, EU High‐Level Conference On "The Completion Of The EU Internal Energy Market: Getting To 2014" - Panel Discussion: Harmonising Market Rules And Network Operational Rules, Brussels, 29 September 2011

Date 29/09/2011

Dear Commissioner,

Ladies and Gentlemen and Dear Colleagues,It is a true pleasure and an honour for me to take part in today’s conference. I would like to thankCommissioner Oettinger and the Directorate‐General for Energy for inviting me and fororganising this important event.

EquiLend Sees 16% Growth In Securities Transactions As It Hits 10-Year Milestone

Date 29/09/2011

EquiLend, a global platform offering a full suite of automated trading and post-trade securities financing solutions, have announced a 16% growth in the number of borrowing and lending transactions on its platform since the start of 2011. The news coincides with the firm’s 10-year anniversary where the company celebrated this milestone with a gala industry event in New York.

SEC To Hold Roundtable On Conflict Minerals

Date 29/09/2011

The Securities and Exchange Commission today announced that it will host a public roundtable next month to discuss the agency’s required rulemaking under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which relates to reporting requirements regarding conflict minerals originating in the Democratic Republic of the Congo and adjoining countries.

“Italian Equity Roadshow” Of Borsa Italiana Singapore, 30 September Tokyo, 3 October 2011

Date 29/09/2011

Tomorrow Friday 30 September the “Italian Equity Roadshow 2011” of Borsa Italiana arrives in Singapore. The Roadshow will then move to Tokyo and conclude on Monday 3 October. This year’s roadshow took in New York, Toronto, Stockholm, and Frankfurt.

CBOE Stock Exchange To Acquire National Stock Exchange

Date 29/09/2011

CBOE Stock Exchange (CBSX) announced today that it has entered into a definitive agreement to acquire the National Stock Exchange, Inc. (NSX), an all-electronic stock exchange which is owned primarily by several nationally-known broker-dealers.  The acquisition will allow CBSX to expand its footprint in the securities exchange space by wholly owning and operating a second exchange.

FINRA Orders Raymond James & Associates, Inc. And Raymond James Financial Services, Inc. To Pay $1.69 Million In Restitution For Charging Unfair Commissions

Date 29/09/2011

The Financial Industry Regulatory Authority (FINRA) ordered Raymond James & Associates, Inc. (RJA) and Raymond James Financial Services, Inc. (RJFS) to pay restitution of $1.69 million to more than 15,500 investors who were charged unfair and unreasonable commissions on securities transactions. FINRA also fined RJA $225,000 and RJFS $200,000.