News Centre

TheCityUK Responds To European Council President’s Proposed EU Reforms

Date 02/02/2016

Chris Cummings, Chief Executive, TheCityUK, said, “Donald Tusk’s proposals for a new settlement for the UK within the EU is a key milestone in the reform negotiations to date. While there is still a long way to go, this provides a good basis for the Council of Ministers meeting in two weeks’ time.  I am pleased to see that at the heart of proposals is a clear recognition of the need for the EU to be more competitive. It’s encouraging to see that the Prime Minister’s major calls around competitiveness have been recognised with an urging for the Commission to reduce regulatory burden, fully exploit the potential of the Single Market and advance trade negotiations with the US, Japan and other key partners. As have his proposals around fairness and protecting the interests of non-Eurozone Member States. Recognition that the EU is a union of more than one currency and securing meaningful clarification on ‘ever closer union’ was also a key proposal and one that is fundamental to the UK’s continued successful membership of the EU.

JSE Offers Protection Against Price Risk For Participants Exposed To Beef Carcass Prices With A Beef Derivatives Contract

Date 02/02/2016

Trading activity on the beef carcass futures contract has been positive since the product was launched on the Johannesburg Stock Exchange in December 2015, with the number of contracts traded totaling 104. The contract aims to offer investors a product that protects beef farmers and sellers against volatile prices of the commodity.

Bucharest Stock Exchange: Monthly Report January 2016

Date 02/02/2016

Bucharest Stock Exchange has started the year on a declining trend, more pronounced than most markets in the region. In January the main index of BVB – BET – dropped by 10.5%.

Opening Remarks To The Equity Market Structure Advisory Committee Meeting, SEC Chair Mary Jo White, Feb. 2, 2016

Date 02/02/2016

Good morning and thank you all for being here.  As reflected in today’s agenda, you are continuing to consider a range of the most important and complex market structure issues.  At prior meetings, the Committee discussed Rule 611, the Order Protection Rule of Regulation NMS, exchange access fees, and the current regulatory models for trading venues. 

Moscow Exchange Trading Volumes In January 2016

Date 02/02/2016

Moscow Exchange (ticker: MOEX) announces trading volumes for January 2016. The FX Market and Derivatives Market posted the strongest growth, with volumes increasing 157.1% and 94.6% YoY, respectively. Money Market rose 42.3% YoY and secondary bond trading volumes increased by 128.2% YoY.

DTCC’S Legal Entity Identifier Service, GMEI Utility, Hits Key Milestone; Issues Over 200,000 LEIs - GMEI Utility Reaches 50% Market Share As New Regulatory Initiatives In Europe And The U.S. Are Expected To Drive Further LEI Adoption And Use

Date 02/02/2016

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Global Markets Entity Identifier Utility (GMEI Utility) has issued more than 200,000 legal entity identifiers (LEIs) to entities from over 184 jurisdictions since its launch in August 2012, representing a 20% uptick year-on-year and approximately 50% share of the total LEIs issued worldwide – more than three times the next largest Local Operating Unit (LOU).

Moscow Exchange Mandates Caderus Capital To Develop Relations With Chinese Investors And Issuers

Date 02/02/2016

Moscow Exchange (ticker: MOEX) has signed an agreement with Caderus Capital, the Russian-Chinese investment group, to support the development of the Exchange"s work with the investment community in China and to attract Chinese investors and issuers to the Russian market.

Abu Dhabi Securities Exchange Signs MoU With Emirates College Of Technology

Date 02/02/2016

An agreement facilitating mutual cooperation in the fields of institutional development, research, curriculum development, and professional training between Abu Dhabi Securities Exchange (ADX) and Emirates College of Technology was signed today at a formal ceremony held at ADX main offices in Abu Dhabi. Mr. Rashed Al Balooshi, Chief Executive of ADX and Prof Bruce Taylor, President of ECT, signed the Memorandum of Understanding (MoU) on behalf of their respective organizations in the presence of Mr Wael Al Anqar, The Chairman of ECT as well the senior representatives from both parties.

CME Group Hit Record Average Daily Volume Of 18.2 Million Contracts Per Day In January 2016, Up 16 Percent From January 2015

Date 02/02/2016

• Average daily options volume reached a record 4.3 million contracts, electronic options also hit a record 2 million contracts per day traded
• Energy average daily volume was a record 2.6 million contracts, which included a record for WTI crude oil average daily volume of 1.4 million contracts
• Electronic trading reached a record 15.4 million contracts per day
• Open interest was 107.9 million contracts, up 18 percent from December 2015 the highest ever monthly increase

Hong Kong's Securities And Futures Commission Publicly Censures Goldman Sachs For Breaches Of The Takeovers Code

Date 02/02/2016

The Securities and Futures Commission (SFC) has publicly censured Goldman Sachs (Asia) L.L.C. (Goldman Sachs) for breaches of the Code on Takeovers and Mergers (Takeovers Code) whilst acting as a financial advisor to Wing Hang Bank, Limited (Wing Hang Bank) in relation to a voluntary general offer for the bank.