News Centre

Federal Court Orders California Defendants CTI Group, LLC, Cooper Trading, Stephen Craig Symons, And James David Kline To Pay Over $29 Million In Disgorgement And Fines For Fraudulent Sale Of Automated Trading Systems

Date 24/01/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York entered a Consent Order for Permanent Injunction (Order) against Defendants CTI Group, LLC, a California limited liability company,Cooper Trading, a California corporation (collectively, CTI), Stephen Craig Symons of Corona del Mar, California, and James David Kline, who was a resident of Van Nuys, California, for fraudulent sales practices in connection with the sale of two automated trading systems (Trading Systems), known as Boomer andVictory.

TOM MTF Statistics Week 4, 2014

Date 24/01/2014

Click here to download the weekly statistics update of TOM MTF for week 4, 2014. 

SEC Charges KPMG With Violating Auditor Independence Rules

Date 24/01/2014

The Securities and Exchange Commission today charged public accounting firm KPMG with violating rules that require auditors to remain independent from the public companies they’re auditing to ensure they maintain their objectivity and impartiality. 

Shorcan Brokers Ltd. Raises Over $660,000 During Its 16th Annual Charity Day

Date 24/01/2014

Shorcan Brokers Limited, TMX Group's fixed income interdealer brokerage, today announced that it raised more than $660,000 during its 16th Annual Charity Day. Shorcan will donate 100% of yesterday's revenue to over 30 designated charities. This year's amount brings the total raised to over $6.5 million since the program's inception.

Oslo Børs: Timetable For The Launch Of Millennium Exchange Version 8

Date 24/01/2014

As previously announced, Oslo Børs will upgrade to a new version – version 8, of Millennium Exchange for the equities and fixed income markets at Oslo Børs, Oslo Axess, Burgundy and Nordic ABM. We are hereby pleased to provide a timetable for the launch, as well as inform our members,  market data vendors and ISVs how to keep up to date with any relevant information distributed during the project.

New Verum Financial Research Index Benchmarks FTSE 100 Company Performance Against Executive Directors’ Pay

Date 24/01/2014

• Exec director avg pay v Verum Index of performance, best: 1) Centrica 2) GKN 3) Severn Trent
• Exec director avg pay v Verum Index, worst: 100) Barclays 99) Lloyds 98) Smith & Nephew
• The Verum Index: a new and better way to evaluate director remuneration
• For more info, a whitepaper is available FREE at www.verum-research.com

IOSCO: MMoU Gains 100th Signatory In Fight Against Financial Misconduct

Date 24/01/2014

The Indonesian Financial Services Authority this week became the 100th signatory to the IOSCO Multilateral Memorandum of Understanding on cooperation and exchange of information. The MMoU is the instrument used by the International Organization of Securities Commissions (IOSCO) to combat cross-border financial services misconduct.

EEX Auction News: Auction For Phase 3 EUAs Clears At 4.97 Euro/EUA

Date 24/01/2014

n today’s Primary Market Auction which was carried out on behalf of the Federal Republic of Germany a volume of 4,600,000 EUAs was auctioned off on the EEX Spot Market at a price of 4.97 Euro/EUA. … to the Emissions Auction Report

Monetary Authority Of Singapore: Licence Applications Open To Invest Offshore Renminbi In Chinese Securities Markets

Date 24/01/2014

The Monetary Authority of Singapore (MAS) announced today that eligible financial institutions can submit applications for the Renminbi Qualified Foreign Institutional Investor (RQFII) licence that will enable these institutions to offer RMB investment products and invest offshore RMB into China's securities markets. The applications are to be made to the China Securities Regulatory Commission (CSRC) via approved custodian banks. All Singapore-incorporated financial institutions that are approved by MAS to conduct fund management activities may apply for the licence.

Hong Kong's Securities And Futures Commission: Regulatory Forum Looks At Creating More Resilient Financial Markets

Date 24/01/2014

The Securities and Futures Commission (SFC) today hosted the SFC Regulatory Forum 2014. Themed “New perspectives on the future of regulation in the aftermath of the Global Financial Crisis”, this first SFC industry forum examines post-Lehman financial regulation from both regional and global perspectives, and looks at ways of creating more resilient financial markets which properly serve real economies.