News Centre

ESMA Issues MiFIR Reporting Instructions

Date 27/10/2016

The European Securities and Markets Authority (ESMA) has issued detailed reporting introductions and XML schemas under its Financial Instruments Reference Data System (FIRDS). FIRDS covers the Markets in Financial Instruments Regulation (MiFIR) and the Market Abuse (MAR) requirements for reference data collection and publication, collection and processing of additional data to support the MiFIR transparency regime and suspensions's coordination.

EEX Launches Physical Fulfilment For Swiss Week And Month Power Futures On 28 November

Date 27/10/2016

As of 28th November 2016, the European Energy Exchange (EEX) will offer physical fulfilment for Swiss Week and Month Power Futures in cooperation with EPEX SPOT. With this step, EEX extends its current offering for physical fulfilment for German and French Power

SCOTEX - Closer To The Capital

Date 27/10/2016

On the 30th anniversary of Big Bang in 1986, the radical change in trading systems and capital markets deregulaton that powered London to trading dominance for the next 30 years, SCOTEX – the planned new stock exchange for Scotland – announces:

1) Big Bang 2: a radical new UK equities post-trade framework using a distributed ledger. The new system is called STARS: Secure Transaction Affirmation and Reporting System. The system will mean:

• Trades will settle almost immediately with no need for post-trade clearing.
• Trading will be much cheaper for everyone as users will be charged a low fee to access a ledger rather than being charged per transaction in a captive system.
• Sellers and their brokers will get their money almost instantly and no later than 15 minutes after a trade.
• Collateral holders do not need to post collateral so it is freed up to use elsewhere.

Fidessa's Buy-Side Community Gathers In New York To Examine Key Industry Issues

Date 27/10/2016

Fidessa group plc (LSE: FDSA) recently held its second annual buy-side client conference which brought together 70 senior executives from global asset management firms. Themed "Invested in the Future" the conference provided attendees with an opportunity to examine topics ranging from unbundling to block trading, and automation to post-trade.

BGC Partners Reports Third Quarter 2016 Financial Results

Date 27/10/2016

• BGC Declares Quarterly Dividend
• Conference Call to Discuss Results Scheduled for 10:00 AM ET Today

Wall Street Horizon Welcomes Jeff Parker, Former Thomson Financial Chairman And CEO, As An Investor And Advisory Board Member

Date 27/10/2016

Wall Street Horizon, a provider of accurate and timely corporate event dates and information for institutional investors and traders, today announced that Jeff Parker has joined the firm as an investor and Advisory Board member.   

CME Group Inc. Reports Strong Third-Quarter 2016 Financial Results

Date 27/10/2016

CME Group Inc. (NASDAQ: CME) today reported revenue of $842 million and operating income of $525 million for the third quarter of 2016.  Net income was $473 million and diluted earnings per share were $1.39.  On an adjusted basis, net income was $357 million and diluted earnings per share were $1.05.  Financial results presented on an adjusted basis for the third quarter of 2016 and 2015 exclude certain items, which are detailed in the reconciliation of non-GAAP results.

The Revolution Is Over. Long Live The Revolution! - Speech By Sam Woods - Bank Of England Deputy Governor For Prudential Regulation And Chief Executive Officer Of The Prudential Regulation Authority

Date 27/10/2016

At the Mansion House City Banquet, Sam Woods gives his first speech as the Bank of England’s Deputy Governor for Prudential Regulation and Chief Executive of the Prudential Regulation Authority (PRA). He welcomes the post-crisis revolution in regulatory standards and commits to completing their implementation, so that firms can adapt their business models to the new world.

Tokyo Stock Exchange And Nikkei: Calculation Of New Index “JPX-Nikkei Mid And Small Cap Index” (Tentative)

Date 27/10/2016

Tokyo Stock Exchange, Inc. (TSE) and Nikkei, Inc. (Nikkei) have agreed to launch a new index, "JPX-Nikkei Mid and Small Cap Index" (tentative name), that focuses on mid and small cap stocks. 

ASIC Releases Report On The Charging Of Advice Fees Without Providing Advice By Major Financial Institutions

Date 27/10/2016

The Australian Securities and Investments Commission (ASIC) today released Report 499 Financial advice: Fees for no service (REP 499).