News Centre

SEC Charges Merrill Lynch For Failure To Supervise RMBS Traders - Merrill Ordered To Return More Than $10.5 Million To Harmed Customers

Date 12/06/2018

The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS).  Merrill Lynch agreed to repay more than $10.5 million to its customers and to pay penalties of approximately $5.2 million.

ESM Reopens 10-Year Bond, Raises €1.5 Billion

Date 12/06/2018

The European Stability Mechanism (ESM) on Tuesday raised €1.5 billion by tapping a 10-year bond, only its second syndicated deal of the year, allowing it to complete its financing needs for the second quarter.

CFC Launches First Insurance Offering For Financial Institutions - Comprehensive Policy For Investment Managers Extends Traditional Cover To Include Cyber And Kidnap And Ransom

Date 12/06/2018

Specialist insurance provider, CFC, has launched its first insurance solution for financial institutions. CFC’s Investment Management Insurance (IMI) policy is the first in a suite of products designed to address the challenging risk environment faced by investment managers.

truePTS Launches 'No-touch' Trade Processing For The Buy-Side

Date 12/06/2018

truePTS, the automated trade processing platform for derivatives, has processed its first buy-side trades with J.P. Morgan and Citadel, as demand grows across the industry for a fully-integrated allocation and validation platform. While addressing immediate buy-side regulatory compliance requirements, truePTS is also driving down operational costs with a lower-cost, digital alternative to legacy ‘confirmation’ providers.

ETFGI Reports That Assets Invested In ETFs And ETPs Listed Globally Are Again Above The US$5 Trillion Milestone At The End Of May 2018

Date 12/06/2018

ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed globally broke through the US$5.000 Tn milestone at the end of May 2018 to reach $5.004 Tn (All dollar values in USD unless otherwise noted.)
 

Build A Vibrant Innovation Capital Ecosystem — Shenzhen Stock Exchange President & CEO Wang Jianjun’s Speech At The 20th China Venture Capital Forum

Date 12/06/2018

Distinguished guests, ladies and gentlemen,

Good afternoon.

Venture capital (VC) and Shenzhen Stock Exchange (SZSE) are in the same boat as we share the same mission and work for innovation and entrepreneurship. There is a natural bond between us. Many leaders and partners are present today. I see a flourishing VC industry and the great responsibilities and expectations on SZSE.

Eid Al Fiter Holiday For Qatar Stock Exchange

Date 12/06/2018

Eid Al-Fitr Holiday will be three working Days, starting from Sunday 17 June 2018 until Tuesday 19 June 2018.

HKEX: Temporary Holiday Risk Management Arrangements - Special Intra-day Margin Call In Respect Of The Tuen Ng Festival

Date 12/06/2018

The Traded Options Market will be closed for business on 18 June 2018. In order to assure that safeguards are in place against potential market risk that may arise during the aforesaid period when some of the major markets are open, the Clearing House has decided to make a special intra-day margin call in respect of all open positions on Friday, 15 June 2018.

Dash Financial Technologies Names Glenn Lesko Chief Growth Officer

Date 12/06/2018

Dash Financial Technologies, provider of one of the industry’s most advanced multi-asset trading technology and execution services platforms, today announced the appointment of Glenn Lesko as Chief Growth Officer. Reporting directly to CEO Peter Maragos, Mr. Lesko will be responsible for driving the firm’s revenue growth objectives globally, both organically and inorganically.

Amman Stock Exchange: Eid Al Fiter Holiday

Date 12/06/2018

On the occasion of Eid Al Fiter, all ministries and public departments will be on holiday from Friday, June 15 to Monday, June 18, 2018. Accordingly, The Amman Stock Exchange (ASE) will have a holiday on Sunday and Monday, June 17 -18, 2018. and resume its work on Tuesday, June19, 2018.