News Centre

UK Government To Set Up Alan Turing Institute To Ensure Britain Leads The Way In Big Data And Algorithm Research.

Date 19/03/2014

The UK Minister of Finance, George Osborne, announced today that the government was establishing the Alan Turing Institute to ensure Britain leads the way in big data and algorithm research.

London Stock Exchange Consultation On The Market Structure For The Introduction Of An Intra-Day Auction For SETS Equities And IOB

Date 19/03/2014

London Stock Exchange is conducting a market consultation into potential enhancements to auctions on London Stock Exchange. This paper focuses on thepotential introduction of an intra-day auction for SETS equities.

Feedback from this consultation will be used to help define the future development of auction trading on London Stock Exchange.

California Attorney Sentenced To Prison In Scheme To Hide Millions In Secret Swiss Accounts At UBS AG and Pictet & Cie

Date 19/03/2014

California attorney Christopher M. Rusch was sentenced to serve 10 months in prison for helping his clients Stephen M. Kerr and Michael Quiel, both businessmen from Phoenix, hide millions of dollars in secret offshore bank accounts at UBS AG and Pictet & Cie in Switzerland, the Justice Department and the Internal Revenue Service (IRS) announced today.   U.S. District Judge James A. Teilborg also ordered Rusch to serve three years of supervised release following his prison sentence.   On Feb. 6, 2013, Rusch pleaded guilty to conspiracy to defraud the government and failing to file a Report of Foreign Bank and Financial Accounts (FBAR).   Kerr and Quiel were sentenced in September 2013 to each serve 10 months in prison after both were tried and convicted of filing false income tax returns for 2007 and 2008.   The jury also convicted Kerr of failing to file FBARs for 2007 and 2008.  

Portuguese Stock Exchange Presents Capital Markets To SMEs - 2nd Via Bolsa Conference

Date 19/03/2014

Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), today announced that for the second consecutive year, on 20 March 2014 in Porto, the Portuguese Stock Exchange will be presenting the capital markets as an alternative source that can and should be used more actively by enterprises , especially SMEs , in order to meet their development needs and financing options.

NYSE Liffe Sets Daily Volume Record In FTSE 100 Index Futures

Date 19/03/2014

IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced that NYSE Liffe reached a daily volume record of 862,468 contracts in FTSE 100 Index futures on March 18, 2014. The previous record of 822,496 contracts was set on March 17, 2009.

Thai Alternative Bourse Aims To Strengthen Companies, List More Quality Firms

Date 19/03/2014

The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will focus on increasing the number of quality listed companies, including ensuring that the companies which are not ready for listing and social enterprises (SEs)  can access funding conveniently, and boosting market capitalization, said  newly-appointed mai President Prapan Charoenprawatt.

Thomson Reuters Launches A Managed KYC Service In Partnership With Banks, Corporates And Asset Managers And In Consultation With Regulators - Thomson Reuters Transaction Services Limited, A FCA-Regulated Business, And Its 7,000 Bank And Buy-Side Clients Are Live On The Service

Date 19/03/2014

Thomson Reuters today launched a new solution to support financial institutions and their clients to increase efficiency and reduce costs in complying with Know Your Customer (KYC) requirements. Accelus Org ID was developed in partnership with leading financial institutions, corporations, asset managers and hedge funds and following discussions with nine regulators from key financial markets around the world. Providing a complete managed service covering the on-boarding of clients, risk categorization and risk screening, Accelus Org ID allows financial institutions to more effectively respond to new and ongoing regulatory requirements around the world.

SGX To Launch New Order Types For Securities

Date 19/03/2014

Singapore Exchange (SGX) will enhance the types of orders for the stock market from 31 March 2014.

Speech By Neelie Kroes, Vice-President Of The European Commission Responsible For The Digital Agenda: The Data Gold Rush

Date 19/03/2014

Nearly 200 years ago, the industrial revolution saw new networks take over. Not just a new form of transport, the railways connected industries, connected people, energised the economy, transformed society.

Grant Biggar Joins Algomi As Strategic Advisor - Credit Derivatives Specialist Brings Two Decades’ Experience In Global Credit Derivatives

Date 19/03/2014

Algomi, the provider of information-matching solutions to optimise fixed income liquidity, has named Grant Biggar as a Strategic Advisor, effective immediately. Biggar, the former President of Creditex, has also made an investment in the company. His appointment comes follows Howard Edelstein’s appointment to a similar role at Algomi.