News Centre

TABB Says Proposed Margin Rules For OTC Interest-Rate Derivatives Will Severely Damage Swaps Market Liquidity - Proposed Rules Will Render Many Trade Structures Extinct And Represent $1.4 Trillion In New Capital Allocation Globally For Rates Swaps

Date 26/10/2011

Regulatory mandates requiring firms to post initial margin on over-the-counter derivatives (OTCD) are among the biggest changes that Dodd-Frank legislation is set to bring about. According to TABB Group estimates in new research, these new margin rules will cause OTC interest-rate derivatives market participants to shoulder at least $1.4 trillion in new capital charges globally within the next three to five years.

ASIC Appoints New Queensland Regional Commissioner

Date 26/10/2011

ASIC Chairman Mr Greg Medcraft today welcomed the appointment of ASIC Senior Executive Leader Brett Bassett as Queensland Regional Commissioner.

MSCI Launches New Chinese Name “MSCI 明晟” - Market Leader Demonstrates Commitment To Greater China Market

Date 25/10/2011

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, announced yesterday the launch of its new Chinese name for use across Greater China - “MSCI 明晟” (“Ming Sheng”).

European Parliament: Preparing The Eurozone Summit

Date 25/10/2011

On Tuesday the main spokespersons for Parliament's political groups held a debate to discuss Wednesday's Eurozone summit, which is intended to deliver the instruments needed to handle the Eurozone crisis. MEPs broadly criticised the "summitry" management, arguing that the past year had already shown that this was not the way to handle the crisis.

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

Date 25/10/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, October 28, 2011:

• Augen Gold Corp. (TSXVN:GLD) will be removed from the index. The shares of the company will be delisted from the TSX Venture Exchange having been acquired by Trelawney Mining and Exploration Inc. (TSXVN:TRR).

CFTC Charges Texas Residents Linda Harris, Chance Harris And Two Of Their Companies With Solicitation Fraud, Misrepresentation, And Misappropriation In Multi-Million Dollar Forex Scheme

Date 25/10/2011

The U.S. Commodity Futures Trading Commission (CFTC) filed a complaint in the U.S. District Court for the Northern District of Texas, Dallas Division, charging Linda Faye Harris, Chance Domel Harris,CDH Forex Investments, LLC and CDH Global Holdings, LLC, all of Flower Mound, Texas, with solicitation fraud, making false statements, and misappropriation of investors’ funds in connection with the trading of off-exchange foreign currency (forex) contracts.

FINRA Fines UBS Securities $12 Million For Regulation SHO Violations And Supervisory Failures

Date 25/10/2011

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined UBS Securities LLC $12 million for violating Regulation SHO (Reg SHO) and failing to properly supervise short sales of securities. As a result of these violations, millions of short sale orders were mismarked and/or placed to the market without reasonable grounds to believe that the securities could be borrowed and delivered.

CFTC Staff Allows Taiwan Futures Exchange’s Futures Contract Based On The GreTai Securities Market Capitalized Weighted Stock Index (“GTEX”) To Be Offered And Sold In The United States

Date 25/10/2011

The Commodity Futures Trading Commission's (CFTC's) Office of General Counsel today announced that it issued a no-action letter on October 24, 2011, permitting the offer and sale in the United States of Taiwan Futures Exchange’s futures contract based on the GTEX.

SEC Announces Agenda For First Meeting Of Advisory Committee On Small And Emerging Companies

Date 25/10/2011

The Securities and Exchange Commission today announced the agenda for next week’s first meeting of the SEC Advisory Committee on Small and Emerging Companies.

TMX Group Announces Retirement Of NGX President At The End Of 2012

Date 25/10/2011

TMX Group Inc. today announced that Peter Krenkel, President of NGX, a leading North American energy exchange and wholly-owned subsidiary of TMX Group, will retire at the end of 2012.