News Centre

IOSCO Announces Commodity Derivatives Markets Supervisory Principles

Date 15/09/2011

The Technical Committee of the International Organization of Securities Commissions (IOSCO) has today published its report on Principles for the Regulation and Supervision of Commodity Derivatives Markets.  The Report, prepared by the Task Force on Commodity Futures Markets, addresses the G20’s November 2010 request for further work on regulation and supervision of physical commodity derivatives markets.

UBS Has Discovered Loss Due To Unauthorized Trading By Trader In Its Investment Bank

Date 15/09/2011

SIX Exchange Regulation: Fine Imposed On ABN AMRO Clearing Bank N.V., Amsterdam

Date 15/09/2011

As a participant of SIX Swiss Exchange and Scoach Switzerland, ABN AMRO Clearing Bank N.V., Amsterdam has violated the provisions governing the audit of participants. The Sanction Commission of SIX Swiss Exchange / Scoach Switzerland has imposed a fine in the amount of CHF 50,000 on ABN AMRO Clearing Bank N.V., Amsterdam, and ordered publication of the sanction decision. In addition, the costs of the proceedings were imposed on the participant.

Sharekhan To Commence Advisory Operations From Dubai International Financial Centre

Date 15/09/2011

Sharekhan Investment Services Ltd, a subsidiary of Sharekhan Ltd., India’s leading retail stock brokerage houses with a strong online trading platform, has received a license from the Dubai Financial Services Authority (DFSA) to operate in the Dubai International Financial Centre (DIFC). This license re-affirms Sharekhan’s commitment to grow its Middle East operations. They have also attained a retail endorsement which permits them to offer services to Retail clients.

CalPERS Board Censures Board Member

Date 14/09/2011

The California Public Employees’ Retirement System (CalPERS) Board of Administration today publicly censured board member JJ Jelincic for his involvement in a personnel action based on complaints filed by coworkers at CalPERS.

World Bank Group President Robert B. Zoellick Says “Time For Muddling Through Is Over,” All Need To Be “Responsible Stakeholders” Now - Calls For Moving “beyond Aid” To Address Transformed Global Realities

Date 14/09/2011

World Bank Group President Robert B. Zoellick said the “time for muddling through is over” and all countries needed to be “responsible stakeholders” in the world economy; they need to act on today’s problems while building for tomorrow’s challenges; they need to solve national issues with an eye towards shaping a healthy international system.

INTL FCStone Inc. Announces Global Expansion Of Commodity Risk Management Capabilities

Date 14/09/2011

INTL FCStone Inc. (Nasdaq:INTL) today announced a major expansion in its Commodity Risk Management capabilities, and promoted several key personnel to new positions that will enhance the company's ability to bring its expertise and experience to customers around the globe.

Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 14/09/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Wednesday, September 14, 2011:

• Mountain-West Resources Inc. (TSXVN:MWR) will be removed from the index. The common shares of the company will be delisted from the TSX Venture Exchange at the request of the company.

Options Industry Council Announces Updated Study Shows Buy-Write Strategy Outperforms Buy-And-Hold

Date 14/09/2011

The Options Industry Council (OIC) today announced results and analysis of the performance of a buy-write strategy on the Russell 2000®, which found that over the 15 year period covered in the study (including the periods before, during and after the credit crisis), the buy-write strategy provided a higher return than a long RUT portfolio while reducing risk by almost 17%.

CalPERS Board Adopts Governance Reforms

Date 14/09/2011

The California Public Employees’ Retirement System (CalPERS) Board of Administration today adopted ten sweeping governance reforms in an effort to further strengthen accountability, transparency and ethics at the nation’s largest public pension fund.