News Centre

ESMA: Steven Maijoor Speaks At European Parliament On MiFID II

Date 21/06/2016

Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), today gave a statement to the European Parliament’s Economic and Monetary Affairs Committee (ECON) on MiFID II during its scrutiny session.

Japan’s Financial Services Agency: Publication Of The Report By The “Working Group On Financial Group” Of The Financial System Council

Date 21/06/2016

The “Working Group on Financial Group of the Financial System Council” (chairman Shinsaku IWAHARA, professor, Waseda University Law School) has discussed and deliberated nine times on the institutional framework on financial group since May 2015.

Project Sentinel: Industry Participants Collaborate On MiFID II Implementation - Initiative By A Group Of Banks Mutualises The Cost Of MiFID II Implementation In The OTC Front Office

Date 21/06/2016

Project Sentinel, a collaborative initiative by a group of banks to mutualise the cost of MiFID II implementation in the OTC front office, has announced the creation of a normalised regulatory data model that assists investment firms to meet their MiFID II OTC sales and trading requirements. This data model is the first piece of a larger puzzle to create a standardised approach for ensuring regulatory conformance for front office OTC sales and trading activities.

Deutsche Börse Establishes A Corporate Venture Capital Platform

Date 21/06/2016

• New platform to foster strategic investments in fintech firms/ New study “Future of Fintech in Capital Markets” by Deutsche Börse, in collaboration with Celent, outlines potential areas of opportunities for financial market infrastructure providers

Fidessa And Commcise Solve Industry MiFID II Unbundling Conundrum - New Partnership To Evidence Transparency When Using Dealing Commissions To Fund RPAs

Date 21/06/2016

Fidessa group plc (LSE: FDSA) has today announced a new partnership with Commcise that brings to the market a transactional method for funding Research Payment Accounts (RPAs). This allows the industry to support evolving MiFID II regulatory requirements whilst at the same time improving operational efficiency.

Network Service Interruption At SIX

Date 21/06/2016

As already outlined in our statement yesterday, there have been a number of network disruptions to our services. Though various services from different divisions have been affected, the processing of card payments has been particularly affected. It is possible that certain services may not be available today in the way we would wish them to be. We regret this situation and continue to focus our efforts on resolving the issues.

SGX Welcomes Frasers Logistics & Industrial Trust To Mainboard

Date 21/06/2016

Singapore Exchange (SGX) today welcomed Frasers Logistics & Industrial Trust to its Mainboard under the stock code “BUOU”.  

International Customer Trades Increased To 52.1% Of Total Volulme At Tokyo Commodity Exchange In May - a New Record

Date 21/06/2016

The Tokyo Commodity Exchange, Inc announced today that the May 2016 monthly volume of customer trades (combined sell & buy sides) originating overseas was 2,172,946 contracts, accounting for 52.1 percent of the total trades of 4,174,664 contracts. This renewed the previous record ratio of 51.6 percent in April 2016. The highest volume of international customer trades to date is 2,677,075 contracts recorded in February 2016. 

CalPERS Names Douglas Hoffner Interim CEO

Date 21/06/2016

The California Public Employees' Retirement System (CalPERS) Board of Administration today appointed Douglas Hoffner as the Pension Fund's Interim Chief Executive Officer (CEO) as it completes its process for a new CEO.

CFTC Obtains Default Judgment Orders Against Three Magee Family Members Of Calgary, Alberta, Canada, For Commodity Pool Fraud - Federal Court Orders Ryan, David, And Dalyne Magee To Pay More Than $3.2 Million In Restitution, Disgorgement, And Civil Monetary Penalties

Date 20/06/2016

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Lynn Adelman of the U.S. District Court for the Eastern District of Wisconsin entered an Order of Default Judgment and Permanent Injunction against Defendants Ryan Magee, his father David Magee, and Ryan’s wife Dalyne Rae Magee, all of Calgary, Alberta, Canada, in connection with a commodity pool fraud that victimized United States and Canadian participants. The court’s Order requires the Magees jointly to disgorge USD $715,069.60 in misappropriated customer funds and Ryan Magee to pay restitution of USD $1,324,490.58. The Order also imposes a civil monetary penalty of USD $840,000 on Ryan Magee, and a civil monetary penalty of USD $140,000 each on David and Dalyne Magee. The Order also permanently bans the Magees from trading or registering with the CFTC and prohibits them from violating provisions of the Commodity Exchange Act, as charged.