News Centre

Shanghai Stock Exchange Denies Rumor Of Launching International Board Through Shanghai Pilot Free Trade Zone

Date 11/10/2013

As there is a rumor on the market that the Shanghai Stock Exchange (SSE) will launch an International Board through the Shanghai Pilot Free Trade Zone, it is recently learnt from the SSE that, it has neither considered nor studied launching any International Board through the Shanghai Pilot Free Trade Zone so far. Presently, no schedule for launching the International Board has been formulated yet.

The 4th Session Of Training Course For Board Secretary Of ChiNext Board Follow-Up Course Held By Shenzhen Stock Exchange On Prevention And Control Of Insider Trading And Speculation Over Restructuring

Date 11/10/2013

ISDA/JAC Response To HMT & BIS Consultation On Banking Reform: Draft Secondary Legislation

Date 10/10/2013

On October 9, ISDA submitted two responses to the consultation issued by HM Treasury & Department for Business Innovation and Skills on Banking reform: draft secondary legislation (issued in July).

SEC: Mark Kronforst Named Chief Accountant In Division Of Corporation Finance

Date 10/10/2013

The Securities and Exchange Commission today announced that Mark Kronforst has been named chief accountant of its Division of Corporation Finance.

NICE Actimize Financial Services Poll Finds That More Than 55 Percent Of Financial Institutions Rate Understanding Of FATCA Legislation ‘Average’ To ‘Poor’ - The Top Three FATCA Obstacles Facing Financial Institutions Are Account Identification, Compliance Timeliness And Multi-Jurisdictional Conflicts

Date 10/10/2013

NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, has identified that financial firms are still struggling with multiple challenges connected to the complex Foreign Account Tax Compliance Act (FATCA) regulation slated for rollout in July 2014. According to a recent poll conducted by the firm, more than 55 percent of  participants rated “average” to “poor” their understanding of FATCA legislation – an indicator that financial institutions will need to push harder to stay on pace with impending FATCA implementation deadlines.

Program Trading Averaged 30.4 Percent Of NYSE Volume During Sept. 30-Oct. 4

Date 10/10/2013

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms' executed volume from NYSE's orders database.  The report includes trading on the NYSE for Sept. 30-Oct. 4.

SEC: Remarks of Stephen L. Cohen, Associate Director of Enforcement, SCCE Annual Conference

Date 10/10/2013

Good morning, and thank you for that kind introduction. 

I appreciate the opportunity to offer you some insights in support of the profoundly important work you all do to strengthen compliance and ethics in companies and firms.

Scila Compliance Is Ready For The Latest ORC Connectivity Interface

Date 10/10/2013

The Scila Compliance software, used by banks and brokers in the UK and Sweden, is now compatible with Orc Trade Access, a stand-alone market access solution which provides high functionality and low-latency connectivity to exchanges, brokers and market data sources, allowing an even smoother implementation of Scila Compliance for Orc users.

ISDA: CDS On US Sovereign Debt - FAQ

Date 10/10/2013

The following are responses to some frequently-asked questions that ISDA has received in connection with a potential CDS Credit Event on US sovereign debt. The following does not constitute legal advice, and is subject in all respects to any determination that the ISDA Americas Credit Derivatives Determinations Committee may make in relation to CDS referencing the United States. ISDA makes no comment on the likelihood of the events described in this FAQ.

SEC: Previously Unknown Insider Traders In Heinz Agree To $5 Million Settlement

Date 10/10/2013

The Securities and Exchange Commission today obtained an emergency court order to freeze assets in a Zurich, Switzerland-based trading account that was used to reap more than $1.7 million from trading in advance of yesterday’s public announcement about the acquisition of H.J. Heinz Company.