News Centre

HKEx And LME Announce Formation Of LME Clear Board

Date 17/12/2013

Hong Kong Exchanges and Clearing Limited (HKEx) and the London Metal Exchange (LME) are pleased to announce the formation of the Board of LME Clear, the LME's self-clearing platform currently in development. LME Clear is on track to launch, as planned, on 22 September 2014.

FIX Trading Community Restructures And Gets Ready To Celebrate 20 Years In 2014

Date 17/12/2013

FIX Trading Community, the non-profit industry-driven standards body at the heart of global financial trading, is proud to announce a number of organisational changes.  The purpose of this exercise is to ensure the organisation is optimally structured to address the technical, business and regulatory issues impacting multi-asset trading across the global financial markets. This work specifically targets the increased use of standards, including the FIX Protocol, to deliver operational efficiency, increased transparency, and reduced costs and risk for all market participants. The restructuring comes as a follow on to a recent launch of their new website as well as an organisational rebrand.

DGCX Named Exchange Of The Year 2013 - DGCX EOS Trader Platform Also Wins ‘Best Technology Innovation’ Award

Date 17/12/2013

Dubai Gold and Commodities Exchange (DGCX) emerged as a big winner at the Futures & Options World International Awards held this week, picking up two major industry awards. DGCX was named the “Exchange of the Year 2013” in the Middle East and Africa and its EOS trader platform was recognized as the “Best Technology Innovation by an Exchange” in Asia, Australasia, Middle East and Africa.

New Zealand's Financial Markets Authority Guidance Helps Consumers Access Financial Advice

Date 17/12/2013

The Financial Markets Authority has released guidance to help financial advisers give high quality personalised advice that is time-efficient and adopts the right level of compliance.

Hong Kong's Securities and Futures Commission Bans Ivy Kiu Koon Yee For Life

Date 17/12/2013

The Securities and Futures Commission (SFC) has banned Ms Ivy Kiu Koon Yee from re-entering the industry for life.

ASIC: Macquarie Bank Limited Pays $175,000 Infringement Notice Penalty

Date 17/12/2013

Macquarie Bank Limited (Macquarie) has paid a penalty of $175,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The penalty was for failing on two separate occasions, to deposit a total of $23 million (being $14 million and $9 million respectively), received from a Client into Client Accounts maintained by Macquarie and designated as Clients' segregated accounts.

Shenzhen Stock Exchange Market Bulletin 16 December, 2013 - Issue 28

Date 17/12/2013

Last week, Shenzhen Component Index closed at 8429.8 points after losing 1.1%. SME Index rose 1.2% to 5052.4 points. ChiNext Index jumped 5.9% and stood at 1278.1 points. Total turnover for stocks and funds on SZSE was US$ 79.6 billion, or a 21.7% decrease from the week before.

Shenzhen Stock Exchange To Launch Interview On ‘Supporting Rules On IPO On Shenzhen Market’ Via Micro-blogs

Date 17/12/2013

CFTC Names Mark P. Wetjen Acting Chairman Of The Commission

Date 16/12/2013

The U.S. Commodity Futures Trading Commission (CFTC or Commission) today announced that the members of the Commission have unanimously elected Commissioner Mark P. Wetjen to serve as Acting Chairman upon the end of Chairman Gary Gensler’s service.

FINRA Fines COR Clearing LLC $1 Million For Extensive Regulatory Failures - Anti-Money Laundering, Financial Reporting And Supervisory Responsibilities Neglected Over Four-Year Period

Date 16/12/2013

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined COR Clearing LLC (formerly Legent Clearing LLC), of Omaha, Nebraska, $1 million for numerous failures to comply with anti-money laundering (AML), financial reporting and supervisory obligations. COR is also ordered to retain an independent consultant to conduct a comprehensive review of its relevant policies, systems, procedures and training; to submit proposed new clearing agreements to FINRA for approval while the consultant conducts its review; and for one year, submit certifications from its Chief Executive Officer and Chief Financial Officer stating that each has reviewed the firm's customer reserve and net capital computations for accuracy prior to submission.