News Centre

US Department Of Justice: Former Convergex Global Markets CEO Pleads Guilty In New Jersey For Role In Securities And Wire Fraud Scheme

Date 07/08/2018

The former Chief Executive Officer of ConvergEx Global Markets Limited (CGM Limited) pleaded guilty this afternoon in federal court in Newark, New Jersey for his role in a scheme to commit securities and wire fraud from 2006 through 2011. 

Tesla Short Selling Update - IHS Markit

Date 07/08/2018

In light of today's breaking news on Tesla, IHS Markit analyst Sam Pierson released the following commentary. 

In dollar terms, today’s price move took Tesla's equity short position above $13bn for the first time, the previous peak being $12.8bn on June 14th. The short interest equates to 20.7% of outstanding shares, down from a YTD peak of 23% observed in June. The short value is higher than any S&P 500 stock, only Under Armor has a higher percentage of outstanding shares short with 24%. 

NZX Confirms Changes To Trading And Clearing Pricing Structure

Date 07/08/2018

NZX confirms it will implement changes to its trading and clearing pricing structure on 1 October 2018. Targeted policy changes and technology improvements will be introduced alongside pricing changes.

Tradeweb On Track For Record Year Of Trading Activity

Date 07/08/2018

The Tradeweb Monthly Activity Report for July, which captures fixed income, derivatives and ETF trading volume on the platform for the first 7 months of the year, was published today.

Milken Institute & California State Treasurer Highlight Ways Green Bonds Can Help Close Multi-Trillion Dollar Financing Gap To Repair U.S. Infrastructure - New Report Offers Innovative Solutions To Create A Robust Market To Support Sustainability

Date 07/08/2018

The challenge of fixing America’s deteriorating infrastructure and making it more resilient to the effects of extreme weather and climate change underscores the need for a more robust green bond market, according to a report released today by the Milken Institute and California State Treasurer John Chiang.

Piaba Report: To Protect Retirement Savers, “Major Surgery” Needed To Fix Shortcoming Of SEC “Best Interest Standard” Proposal - Attorney Group Outlines 15 Major Changes To SEC Rule Proposal to Ensure Conflicts Of Interest Adequately Disclosed, Investor Needs And Limits Are Recognized.

Date 07/08/2018

Unless the U.S. Securities and Exchange Commission (SEC) makes 15 major changes to its “Best Interest Standard” rule proposal, the Commission “will further perpetuate the status quo of allowing Wall Street brokerage firms and brokers to peddle high cost, conflict laden investments and investment strategies,” according to a new report from the Public Investors Arbitration Bar Association (PIABA).

SEC Charges Cloud Communications Company And Two Senior Executives With Misleading Revenue Projections

Date 07/08/2018

The Securities and Exchange Commission today charged a cloud communications company and two executives with providing misleading quarterly revenue estimates.  The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges.

SIFMA Submits Comments To The SEC On Regulation Best Interest

Date 07/08/2018

SIFMA today responded to the Securities and Exchange Commission (SEC) request for comment on its proposed Regulation Best Interest (Reg BI), expressing support for the proposal and offering suggestions to ensure it most efficiently accomplishes its stated goal of protecting investors.

Ontario Securities Commission Joins Global Network To Support Financial Innovation

Date 07/08/2018

The Ontario Securities Commission (OSC) has, in collaboration with 11 financial regulators and related organizations from around the world, today announced its participation in the Global Finance Innovation Network (GFIN), a new initiative that aims to help innovative firms seeking to operate in multiple countries. The network also aims to enhance information-sharing between financial services regulators on innovation-related topics.

Borsa Italiana’s Monthly Update July 2018

Date 07/08/2018

Click here to download Borsa Italiana’s monthly update.