News Centre

ICE Benchmark Administration Adds Industrial And Commercial Bank Of China As A Direct Participant To IBA’s Gold Auction

Date 11/04/2016

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that the Industrial and Commercial Bank of China (ICBC) has been approved by ICE Benchmark Administration (IBA) to participate in the gold auction, which is used to determine the LBMA Gold Price, from May 16, 2016.

Tel Aviv Stock Exchange: Opening Bell Ceremony With EL AL Marking Its Admission To The TA-100 Index

Date 11/04/2016

EL AL, which has been listed on the Tel Aviv Stock Exchange since 2003, took part in the opening bell ceremony.

EEX: New Weekly Record In Dairy Futures

Date 11/04/2016

The EEX dairy risk management suite saw an outstanding start into Q2/16. In the first week of April, a new weekly record was set with 729 contracts traded in dairy futures which equals 3,645 tonnes of goods equivalent. Thereof, 549 contracts (2,745 tonnes) were traded in Butter Futures which is also a new weekly record. More information on our dairy market offering is available at https://goo.gl/Z70B8c

EEX: Introduction Non-MTF Market – Additional Information

Date 11/04/2016

EEX has published further information with regard to the terms and conditions for the non-MTF market. As announced in the customer information on 9 February, EEX and Powernext intend to launch additional trading venues (‘non-MTFs’) for German and French power derivatives in response to on-going MiFID II legislation.

Better Finance: Spanish Mortgage Borrowers Celebrate Landmark Victory Over 101 Banks

Date 11/04/2016

Better Finance’s Spanish member organisation ADICAE is celebrating a historic victory against 101 banks in what has been the biggest class action Spain has ever seen. In this class action suit on behalf of 15.000 mortgage borrowers, a Madrid commercial court deemed that the fixed minimum rate mortgages in question lacked in transparency and declared them null and void, a decision that could potentially apply to 4 million mortgages altogether. 

Thoughts From The CISI Corporate Finance Forum Meeting On Bulletin Boards

Date 11/04/2016

The question ‘Bulletin boards – friend or foe?’ generated lively discussion at the recent CISI Corporate Finance Forum meeting. It followed two helpful presentations: one by Nick Bealer, Chartered FCSI, of Cornhill Capital; the other by Tim Metcalfe, founder and MD of IFC Advisory. Nick described the problems that can be caused by contributors on bulletin boards, who often indulge in behaviour that would have a regulated practitioner banned by the Financial Conduct Authority (FCA).Tim then gave a summary of the PR approaches which companies need to adopt. The volume of posts is now such that companies cannot hope to respond to everything, making most PR strategies reactive, not proactive. The key point was to not engage with bulletin board posters and to accept that sometimes one just has to ignore a post(Bulletin boards will remove abusive posts, if asked). Nick and Tim also pointed out that bulletin boards can have a benefit by identifying investor concerns and helping frame the investor relations dialogue. Improving information flow between market participants helps removes anomalies and increase market efficiency (assuming the information is fair and accurate); but do these benefits outweigh the negatives?

Press Conference By Taro Aso, Japan's Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services

Date 11/04/2016

[Opening remarks:]

Since the late 1990’s, significant efforts toward diversifying investment products and enhancing trading technologies in Japanese stock markets/exchanges have been made.

ACER Organises A Workshop On Scenarios And Cost-Benefit Analysis Methodology For Assessing Cross-Border Infrastructure Projects

Date 11/04/2016

ACER organises a workshop on scenarios and cost-benefit analysis methodology for assessing cross-border infrastructure projects

Rapid Addition Completes Integration Of DET Technologies And Expands Sales Team - Trading Technology Firm Expands Sales And Product Development Teams

Date 11/04/2016

Rapid Addition, a leading provider of trading technology, has completed the integration of DET Tech, whom they acquired in October last year. The firm has continued to build on momentum after the integration with additional hires and clients in the last six months. The superior flexibility of the DET Hub and the capabilities of Rapid Addition’s FIX engine and FPGA technology has created a new generation of etrading performance.

Japan's Financial Services Agency: The Fifth Meeting Of The Working Group On Corporate Disclosure Of The Financial System Council

Date 11/04/2016

The Working Group on Corporate Disclosure of the Financial System Council will hold its fifth meeting on April 13th, 2016 as follows.