News Centre

Abu Dhabi Securities Exchange Participates In The Annual Promotional Conference For Arab Exchanges In London

Date 31/08/2016

Represented by its CEO, Mr. / Rashid Al Baloushi, Abu Dhabi Securities Exchange participated in the Annual Promotional Conference for Arab Exchanges which was held in London between January 20th and 21st this year. The Conference brought together a group of representatives of the Arab exchanges, as well as a selection of entrepreneurs both from the Middle East and Europe. Also, over 120 participants from the different international investment institutions attended the event. The total asset value that these institutions manage is over 2 trillion dollars. These institutions took part in the Conference to become familiar with the commercial opportunities and the investment atmosphere of the participating exchanges.

DIFC Posts Strong Growth And Reaches Major Milestones In First Half Of 2016

Date 31/08/2016

• Ranked number one financial centre in the Middle East and Africa
• 143 new companies licensed, including 39 leading financial firms
• Significant growth in workforce to over 21,000 professionals across more than 1,500 firms
• Continued infrastructure development including launch of Gate Avenue at DIFC

SEC: RBC To Pay $2.5 Million For Proxy Statement Disclosure Violations

Date 31/08/2016

The Securities and Exchange Commission today announced that RBC Capital Markets LLC has agreed to a $2.5 million settlement for causing materially false and misleading disclosures about its valuation analysis in a proxy statement for Rural/Metro Corporation’s sale in 2011 to a private equity firm. 

Willem Meijer To Step Down As CEO Of TOM (The Order Machine)

Date 31/08/2016

Willem Meijer will step down as CEO of TOM on 1 September 2016. Meijer has been CEO of TOM since the start of the company 7 years ago. During that period TOM established a solid position in the Netherlands as the first competitive trading venue in options. Over the years TOM gained 40% market share and has decreased tariffs by 70%.

Statement Of CFTC Commissioner J. Christopher Giancarlo Regarding The Implementation Date For Margin For Uncleared Swaps

Date 31/08/2016

The Commodity Futures Trading Commission (CFTC) and the U.S. Prudential Regulators have ordered U.S. swap dealers to proceed forward this week in implementing globally agreed margin requirements for uncleared swaps transactions. This direction comes despite last week’s announcement by regulators in Australia, Hong Kong and Singapore to delay this implementation date and a similar announcement several months ago by the European Commission of their own delay. These jumbled decisions confirm the failure of U.S. and overseas regulators to coordinate the implementation of new margin requirements. Worse, they leave U.S. regulators going it mostly alone to the detriment of American financial firms, their employees and the American businesses they serve.

Oslo Børs: Input To The Nomination Committee

Date 31/08/2016

An Extraordinary General Meeting in Oslo Børs VPS Holding ASA will be held by the end of October 2016. On the agenda is the election of a new member of the Board of Directors, for the replacement of Harald Espedal who has been the Deputy Chairman of the Board of Oslo Børs VPS Holding ASA and Oslo Børs ASA. 

MNI Chicago Report: August Chicago Business Barometer Down 4.3 Points to 51.5 - Order Backlogs Plunge, Moving Back into Contraction

Date 31/08/2016

The MNI Chicago Business Barometer fell 4.3 points to 51.5 in August from 55.8 in July, led by a large setback in Order Backlogs and a deceleration in New Orders.

India Index Services & Products Limited Index Dashboard For The Month Ended August 2016

Date 31/08/2016

Summary:

• Nifty 50 closed at 8786.20 as on August 31, 2016, an increase of 147.70 points (1.71%) as against 8638.50 as on July 29, 2016. 
• The free float market capitalization of Nifty 50 index was USD 482.10 Bn. as on August 31, 2016 as against USD 471.54 Bn. as on July 29, 2016. The free float market capitalization of Nifty Next 50 index was USD 93.01 Bn. as on August 31, 2016 as against USD 90.21 Bn. as on July 29, 2016. 
• Most indices across all categories gained during the one month period ending August 31, 2016. Nifty PSU Bank Index gained the most (8.65%) amongst all the indices during the month whereas the Nifty IT index (-3.36%) was the biggest loser during the month. 
• During the 3 month period ending August 31, 2016, the biggest gainers in their respective index categories are Nifty Free Float Smallcap 100 (18.29%) in broad market index category, Nifty Commodities (18.79%) in thematic index category, Nifty High Beta 50 (19.32%) in strategy index category and Nifty Metal (26.33%) in sectoral index category. 
• The biggest gainers during the 1 year period ending August 31, 2016 in their respective index categories are Nifty Midcap 50 (23.99%) in broad market index category, Nifty Tata Group 25% Cap (32.79%) in thematic index category, Nifty High Beta 50 (18.17%) in strategy index category and Nifty Metal (40.02%) in sectoral index category. Nifty Pharma index (-13.05%) was the biggest looser during the 1 year period. 
• On August 4, 2016, Samsung Securities, Korea has issued 3 Exchange Traded Notes (ETNs) linked to Nifty 50, Nifty 50 Inverse and Nifty 50 Leverage indices and these ETNs are listed on Korea Exchange.

As An Indication Of The Increasing Participation Of Women In Economic Development - Rashid Al Baloushi: The Total Of Female Nationals’ Trading Activities In Abu Dhabi Securities Exchange Reached 105.3 Billion Dirhams

Date 31/08/2016

Since the establishment of Abu Dhabi Securities Exchange until the end of last June, the total value of trading activities carried out by female national investors in the Exchange has reached 105.3 billion dirhams, whereas the value of their trading has reached 2.1 billion dirhams during the first half of 2016. Moreover, the market value of the shares they own has reached 19 billion dirhams during the first half of 2016.

OANDA Appoints New General Counsel And Corporate Secretary

Date 31/08/2016

OANDA, a global leader in online multi-asset trading services, today announced Javier Martell has been selected to oversee global legal functions as General Counsel and Corporate Secretary.