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  • ISDA Statement On CDS Credit Event Process

    Date 31/10/2011

    The International Swaps and Derivatives Association, Inc. (ISDA) today issued the following statement in order to ensure an accurate understanding of how credit events are determined for credit default swaps contracts. Today’s statement is intended to underscore key points articulated in the Greek Sovereign Debt Q&A, updated on October 31, which discussed this issue with regards to the Eurozone proposal for Greek debt.  Some media accounts of the information contained in the Q&A inaccurately described the credit event process.

  • London Metal Exchange: MF Global UK Limited

    Date 31/10/2011

    1. MF Global UK Limited (“MF Global”) has today been declared by LCH.Clearnet Limited (LCH) a defaulter under the Default Rules of LCH.
    2. Such a declaration constitutes an “Event of Default” in relation to MF Global pursuant to Regulation 1.7 of the Default Regulations of the Exchange (the “Default Regulations”).
    3. Accordingly, the Exchange hereby determines, pursuant to Regulation 2.2 of the Default Regulations, MF Global to be a Defaulter.
    4. MF Global has been suspended from LMEselect and the Ring with immediate effect.

  • Prominent Economist And Two Former Sec Commissioners Join Liquidnet’s Board Of Directors - New Appointments Bring Significant Global Regulatory & Economic Expertise As Liquidnet’s Growth Continues

    Date 31/10/2011

    Liquidnet, the global institutional trading network, announced today the appointment of three prominent industry leaders to its Board of Directors.  They are Lawrence S. Bacow, an economist, attorney and former President of Tufts University, Roel Campos, a former Commissioner of the Securities and Exchange Commission (SEC), and Lady Barbara Thomas Judge, an international banker and lawyer who has served in regulatory roles in both the UK and the US, including as a former SEC Commissioner.

  • TMX Enters Support Agreement With Maple

    Date 31/10/2011

    Last night, TMX Group and Maple Group Acquisition Corporation announced that we have executed a support agreement in respect of Maple's offer to acquire TMX Group. A press release with full details is available.

  • Bahamas International Securities Exchange Increases International Presence Through New International Recognition

    Date 31/10/2011

    BISX Increases International Presence Through International Recognition The Bahamas International Securities Exchange (BISX) is pleased to announce that BISX has been registered by The United States Securities and Exchange Commission (US SEC) as a Designated Offshore Securities Market (DOSM). This designation is a recognition within the meaning of Rule 902(b) of Regulation S under the Securities Act of 1933.