News Centre

MNI India Business Indicator Declined To 58.2 In February From 63.4 In January - Inventories Hit Record High

Date 20/02/2014

The MNI India Business Indicator declined to 58.2 in February from 63.4 in January, leaving confidence at the lowest level since December.

SGX And SIM University Partner On Investor Education

Date 20/02/2014

Singapore Exchange (SGX) is collaborating with SIM University (UniSIM) to develop and provide investor education to the public. The initiative is also part of UniSIM’s ongoing Continuing Education and Training programme to make university-level education accessible, particularly for working adults wishing to better themselves in work-related competencies.

BATS Global Markets Selects Equinix’s Secaucus Data Center For BATS And Direct Edge Exchanges - Newly Combined BATS-Direct Edge To Offer Customers - Best-In-Class Connectivity, Cost Efficiency, And Network Choice

Date 19/02/2014

BATS Global Markets (BATS) and  Equinix,Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that BATS has selected Equinix as its primary data center provider for all of the BATS exchange platforms, including the Direct Edge Exchanges -  EDGA and EDGX. 

Direct Edge Trading Notice #14-07: BATS/Direct Edge Integration Plan

Date 19/02/2014

On January 31, 2014, BATS completed its merger with Direct Edge. We intend to leverage the best-in-class offerings from both organizations to create a first-class exchange operator that brings enhanced value to you, our Members. 

CFTC Charges Ron Earl McCullough And David Christopher Mayhew With Fraudulent Solicitation, False Statements, And Misappropriation Of More Than $1.6 Million Of Customer Funds - CFTC Separately Orders Travis Maurice Cox To Pay Restitution And Penalties To Settle Fraud Charges

Date 19/02/2014

The U.S. Commodity Futures Trading Commission (CFTC) filed an enforcement action in the U.S. District Court, Eastern District of North Carolina, charging Ron Earl McCullough and David Christopher Mayhew. The CFTC Complaint charges McCullough and Mayhew with fraudulently soliciting, directly and through others, approximately $2.3 million from at least 11 individuals to trade leveraged or margined off-exchange foreign currency (forex) contracts. Further, the CFTC Complaint alleges that McCullough and Mayhew misappropriated at least $1.6 million of their customers’ funds.

In a separate but related matter, the CFTC issued an administrative Order against Travis Maurice Cox that sets forth Cox’s fraudulent conduct in connection with his solicitations on behalf of his forex trading partners.

DTCC, Information Asset Partners Collaborate To Provide New Market Intelligence For Insurance Industry - Breakthrough Solution Helps Carriers, Distributors, And Producers Identify Market Potential For Annuities

Date 19/02/2014

The Depository Trust & Clearing Corporation (DTCC) and Information Asset Partners (IAP) today announced the launch of a new IAP solution that will provide the insurance industry with a dynamic view of market and competitive positions for annuities.

SIFMA Statement On The MSRB’s Proposal To Establish Best-Execution Rule For Municipal Securities Transactions

Date 19/02/2014

SIFMA today released the following statement from Randy Snook, executive vice president, business policies and practices, SIFMA, on the MSRB's proposal to establish a best-execution rule for municipal securities transactions:

"SIFMA appreciates the proposal issued by the MSRB today.  We and our members share the MSRB's goal of improving execution standards for dealers and promoting fair and reasonable pricing for investors.  Developing a higher standard is in the best interest of investors and the municipal market, and is something SIFMA has been focused on for the past year. SIFMA appreciates the MSRB's consideration of our 'execution with diligence' proposal.  We also appreciate that the MSRB, in its proposal, noted that a failure to have actually obtained the most favorable price will not necessarily mean that the dealer failed to use reasonable diligence.  We are reviewing the MSRB's best-execution proposal, particularly with regard to the extent it reflects the unique characteristics of the municipal securities market as FINRA 5310 is, at its core, an equity market rule.  SIFMA is committed to working with the MSRB on this issue and will provide more substantive comments after a full review with our members."

Investment Company Institute Endorses Move To Shorten Settlement Cycles - Initiative To Reduce Systemic, Operational Risks Could Benefit Investors

Date 19/02/2014

The Board of Governors of the Investment Company Institute has endorsed unanimously an industry initiative led by The Depository Trust & Clearing Corporation (DTCC) to shorten settlement cycles for a range of securities to trade date plus two days (T+2), ICI President and CEO Paul Schott Stevens announced yesterday.

SIFMA And AFME Statement On TTIP Negotiations

Date 19/02/2014

SIFMA President and CEO Kenneth E. Bentsen, Jr. and AFME CEO Simon Lewis, whose respective memberships are comprised of firms that engage for their clients in all aspects of the transatlantic financial marketplace, today issued the following statement on this week's TTIP negotiations:

"The TTIP meeting between EU Commissioner Karel de Gucht and USTR Michael Froman in Washington, DC this week offered the opportunity for U.S. and E.U. policymakers to enhance the financial services framework for regulatory cooperation. SIFMA and AFME are of the view that expanding opportunities for financial services providers and their clients in the transatlantic market can only be realized if TTIP includes commitments for regulatory coordination and cooperation, which are fundamental to our intertwined economies and financial markets. This week's meeting was a critical opportunity to enhance coordination, reduce conflict and confusion, and improve the efficiency of regulations across jurisdictions. Importantly, a financial services regulatory framework between the U.S. and E.U. would facilitate and guide efforts to promote consistent high-quality regulatory standards in global markets."

Minutes Of The Federal Open Market Committee, January 28-29, 2014

Date 19/02/2014

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 28-29, 2014.