News Centre

TOM Insight November 2014

Date 10/12/2014

Click here to download TOM’s November ‘14 Insight, a document describing matching statistics on TOM MTF and savings made for retail clients by TOM Smart Execution.

UK’s Financial Conduct Authority’s (FCA) Publishes The Davis Review And The FCA Response

Date 10/12/2014

On 8 April 2014 the Financial Conduct Authority’s (FCA) Non-Executive Directors appointed Simon Davis of Clifford Chance to conduct an independent inquiry into the handling of the FCA’s announcement of proposed supervisory work on the fair treatment of long standing customers in life insurance.

Duco Wins FOW Award For Best New Product – Reconciliation Duco Cube Product Brings Efficiencies, “Fundamental Rethink”

Date 10/12/2014

Duco, a London-based technology provider of hosted reconciliation services, announced today that the firm has just won the 2014 FOW International Award for “Best New Product – Reconciliation” for its flagship Duco Cube, launched in April 2013. The award was bestowed last night by FOW, the leading news and data service for the global futures and options industry, during the FOW Derivatives World conference in London.

AQX° Securities Signs On 40 Buy-Side Clients Throughout Europe In 2014 - Agency Execution Broker Provides CSA Products To 1 In Every 4 New Clients Across Equities, Futures, ETFs, Options And Cash Fixed Income Trading

Date 10/12/2014

AQX° Securities, the global, agency execution broker and pioneer in multi-asset CSA products, today announced that in 2014 it has signed on more than 40 new buy-side clients across Europe. Of those 40+ new clients, 10 have opted for AQX’s unbundled execution and research fee option available through Commission Sharing Agreements (CSAs). AQX has also significantly expanded its coverage of Exchange Traded Funds (ETFs), expanding its network of ETF providers even further to aggregate prices and flow for its clients.

The Egyptian Exchange (EGX) Monthly Statistical Report November 2014

Date 10/12/2014

Total number of listed companies on the main market amounted to 213 at the end of November 2014. Meanwhile, the number of listed companies on Nilex reached 30 at the end of the month.

Hong Kong's Securities And Futures Commission Suspends Former Responsible Officer Of ICBCI Securities For Eight Months For Failures Related To IPO Shares Subscription

Date 10/12/2014

The Securities and Futures Commission (SFC) has suspended the licence of Mr Dick Ma Tor Fuk for eight months from 5 December 2014 to 4 August 2015 for failures in relation to his role in the initial public offering of Powerlong Real Estate Holdings Limited (Powerlong) in 2009.

HKFE Announces Revised Margins For Futures Contracts

Date 10/12/2014

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Friday, 12 December 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

SWIFT Institute Publishes New Paper On Financial Stability - New Paper Examines The Basic Criterion Necessary For Regions To Obtain Financial Stability And Avoid A Repeat Of The Financial Crisis Impacting The Industry Since 2008

Date 10/12/2014

New paper from the SWIFT Institute outlines the basic criteria the financial industry should embrace to achieve financial stability in a geographically integrated financial market. Based on a theory of optimal financial areas (OFA), Professors Erik Jones and Geoffrey Underhill, revisit the European economic crisis and explain how such a crisis could be avoided in other integrated financial markets.

ViClarity: Hedge Funds In Europe Are Taking Too Little Account Of The Risks Involved In Outsourcing Compliance

Date 10/12/2014

• Senior Executives can carry personal liability for the conduct of firms
• Firms exposed to prosecution due to a lack of change to business structure and insufficient monitoring of governance standards
• 7 out of 10 not putting effective measures to manage the business process and conduct aspects of AIFMD

CME Group Wins Multiple Categories At The FOW International Awards

Date 10/12/2014

CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has won four categories at the FOW International Awards.