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Platts: Global Petrochemical Prices Fell For Fourth Consecutive Month In May

Date 18/06/2014

Prices in the $3-trillion-plus global petrochemicals market slipped $3 per million metric ton (/mt) in May, marking the fourth consecutive month of price declines, according to the just-released monthlyPlatts Global Petrochemical Index (PGPI). The PGPI is a benchmark basket of seven widely used petrochemicals and is published by Platts, a leading global energy, petrochemicals and metals information provider and a top source of benchmark price references.

New Zealand's Financial Markets Authority Releases Guide To Help Smaller financial Adviser Businesses With The Licensing Process For DIMS

Date 18/06/2014

Following changes to the regulation of Discretionary Investment Management Services (DIMS) announced Monday 16 June, by Commerce Minister, Craig Foss, the Financial Markets Authority (FMA) has released a guide to help advisers and small businesses who want to apply for a licence to provide DIMS under the Financial Markets Conduct Act. The changes announced are designed to ensure that investors are well-protected and the regulatory regime works for smaller players in the industry.

Shenzhen Stock Exchange Market Bulletin 16 June, 2014 - Issue 19

Date 18/06/2014

Last week, Shenzhen Component Index stood at 7401.4 points after adding 2.3%. SME Index edged up 2.0% to 4745.7 points. ChiNext Index advanced 2.4% to 1382.7 points. Total turnover for stocks and funds on SZSE was US$78.9 billion, or a 44.7% increase  from the week before.

BATS Global Markets CEO Joe Ratterman's Remarks For U.S. Senate Permanent Subcommittee On Investigations - Mr. Ratterman Testifies On Matters Related To The U.S. Equity Capital Market Structure

Date 17/06/2014

Thank you and good morning.  My name is Joe Ratterman, Chief Executive Officer of BATS Global Markets, Inc. (“BATS”), and one of the founding employees.  I am pleased to be here and want to thank Chairman Levin and Ranking Member McCain for inviting me to testify on matters related to the US equity capital market structure.

SIFMA President And CEO Kenneth E Bentsen Jr Remarks - SIFMA Tech 2014

Date 17/06/2014

Good afternoon. I’m Ken Bentsen, president and CEO at SIFMA. First, I want to thank you for taking time from your busy schedules to attend this conference & exhibition and make it a success. I want to recognize our Technology and Conferences teams for their hard work in creating such a dynamic event that enables industry leaders and solution providers to connect and address key issues facing technology professionals. I also want to thank our sponsors for their generous support, which has helped to make this event possible. 

Direct Edge Trading Notice #14-22: Enhancement To Route Peg Orders

Date 17/06/2014

EDGX ExchangeSM (EDGX®) and EDGA ExchangeSM (EDGA®) are updating the behavior of the Route Peg Order.  Route Peg Orders are non-displayed limit orders that are automatically pegged to the National Best Bid (NBB) for buy orders and National Best Offer (NBO) for sell orders, and execute against routable orders.  Currently, Route Peg Orders are only eligible for execution against orders that are equal to or less than the original quantity of the Route Peg Order.

'Geopolitical Concerns, Monetary Policy, Impact Of Severe Weather Weigh On Forecast': SIFMA Roundtable Of Economists Unveil Mid-Year 2014 Economic Outlook

Date 17/06/2014

SIFMA's Economic Advisory Roundtable unveiled today its outlook for full year 2014 and 2015, forecasting that the economy will grow at a 2.2 percent rate in full-year 2014 and will grow 3.1 percent in 2015. 

OneChicago OCX.Weekly® Futures To List Each Friday- Exchange Plans To Extend Listing Of Weekly Futures Products With Next-Day Settlement To Each Day Of The Week

Date 17/06/2014

OneChicago, LLC (OCX), an equity finance exchange, today announced it will offer a new suite of products called OCX.Weekly beginning Friday, June 20. The exchange will continue to list weekly futures each subsequent Friday. The OCX.Weekly futures will be listed only using the OCX.NoDivRisk contracts and will be physically settled with next day settlement upon expiration as opposed to the T+3 settlement cycle.

London Stock Exchange Group Signs Partnership Agreement With Casablanca Stock Exchange

Date 17/06/2014

• Signing ceremony presided by His Majesty King Mohammed VI of Morocco
• Strategic cooperation agreement between LSEG and CSE
• LSEG’s MillenniumIT to provide trading and market surveillance technology
• Strengthens economic relationship between the UK and North West and Central Africa’s emerging economies

CFTC Chairman Tim Massad Announces Staff Appointments

Date 17/06/2014

U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad today announced his staff hires as he starts his chairmanship. These individuals will work with the chairman to set the agenda of the Commission and to carry out the responsibilities of implementing the Dodd-Frank Act and ensuring compliance with the Commission’s regulations. Today’s announcement follows Chairman Massad naming Aitan Goelman to lead the agency’s Division of Enforcement.