News Centre

UBS To Pay $50 Million To Settle SEC Charges Of Misleading CDO Investors

Date 06/08/2013

The Securities and Exchange Commission today charged UBS Securities with violating securities laws while structuring and marketing a collateralized debt obligation (CDO) by failing to disclose that it retained millions of dollars in upfront cash it received in the course of acquiring collateral for the CDO.

Firms Elect Two Industry Governors To FINRA Board Of Governors, New Public Governor Appointed

Date 06/08/2013

The Financial Industry Regulatory Authority (FINRA) today announced the results of voting that took place at its 2013 Annual Meeting today in Washington, DC. In accordance with FINRA By-Laws, firms elected two Governors, one from among the small firms and one from among the large firms. FINRA also named a new public Governor to its Board of Governors. Governors are appointed or elected to three-year terms and may not serve more than two consecutive terms.

CFTC’s Division Of Market Oversight Issues An Amendment To Previously Issued No-Action Relief For Certain Commodity Trading Advisors And Investment Advisors From The Prohibition Of Aggregation For Large Notional Off-Facility Swaps

Date 06/08/2013

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today issued an amendment to CFTC No-Action Letter No. 13-48 previously issued by the Division on July 30, 2013 (Letter 13-48). Letter 13-48 grants relief from grants relief from the aggregation prohibition in § 43.6(h)(6) for certain commodity trading advisors (CTAs) and investment advisors (IAs) with respect to large notional off-facility swaps. The no-action letter provides that until October 1, 2013 at 11:59 pm EST, the Division will not recommend that the Commission take enforcement action against CTAs and IAs that aggregate orders for the purpose of executing large notional off-facility swaps, provided they meet specified conditions. The letter also grants relief from the aggregation prohibition in § 43.6(h)(6), for CTAs and IAs, subject to similar conditions as laid out in §43.6(h)(6), aggregating orders for swaps that are not listed on a swap execution facility (SEF) or a designated contract market (DCM).

ISE Gemini Announces Successful Launch

Date 06/08/2013

The International Securities Exchange (ISE) announced that ISE Gemini^TM, ISE's second options exchange, successfully completed its first day of trading yesterday. ISE Gemini launched trading with six symbols -- Walt Disney Co. (DIS), NetApp Inc. (NTAP), Texas Instruments Inc. (TXN), Goldcorp Inc. (GG), NVIDIA Corp. (NVDA), and Dow Chemical Co. (DOW) -- and plans to add additional products over the next several weeks until it has ultimately listed all of the most active options classes. The new exchange offers maker-taker pricing combined with ISE's patented pro-rata and customer priority market structure.

HKEx On-Floor & Off-Floor Trading Statistics

Date 06/08/2013

Transaction in Terms of Turnover and Number of Trades Conducted On-floor and Off-floor

 Main Board + Trading Only Stock

Brennan Warble Joins Liquidnet As Head Of US Sales - Industry Leader To Drive Increased Engagement With Institutions

Date 06/08/2013

Liquidnet, the global institutional trading network, today announced that Brennan Warble has joined the company as Head of US Sales and a member of the global leadership team effective August 5th. Brennan will be responsible for overseeing and growing the US business and identifying ways for the Liquidnet community—which includes more than 700 of the world’s leading asset management firms—to access solutions that will help them to achieve better performance. Based in New York, he reports directly to Liquidnet’s Chief Operating Officer John Kelly.

HKEx Monthly Market Highlights - July 2013

Date 06/08/2013

Highlights

Securities Market

• The average daily turnover for the first seven months of 2013 was $65,691 million, an increase of 20 per cent when compared with $54,752 million for the same period last year.
• The average daily turnover of derivative warrants for the first seven months of 2013 was $8,421 million, an increase of 19 per cent when compared with $7,097 million for the same period last year.
• The average daily of turnover of ETFs for the first seven months of 2013 was $4,283 million, an increase of 160 per cent when compared with $1,647 million for the same period last year.  

IntercontinentalExchange Reports 2Q13 Adjusted Diluted EPS Of $2.19, +12% Yty - Record Adjusted Net Income Attributable To ICE Of $161MM - Record Quarterly Revenues Of $372MM, +6% Yty In 2Q13 - GAAP Diluted EPS Of $2.09; GAAP Net Income Attributable To ICE Of $153MM In 2Q13

Date 06/08/2013

IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported record financial results for the second quarter of 2013. Consolidated revenues were a record $372 million, an increase of 6% from the second quarter of 2012. Consolidated net income attributable to ICE was $153 million, up 7% from the second quarter of 2012, and diluted earnings per share (EPS) increased 7% over the second quarter to $2.09 on a GAAP basis.

Japan's Financial Services Agency: Exchange Of Letters On Cooperation In The Area Of Audit Oversight With The CSSF Of Luxembourg

Date 06/08/2013

The Financial Services Agency (FSA) and Certified Public Accountants and Auditing Oversight Board (CPAAOB) exchanged the Letter on cooperation in the area of audit oversight(PDF:869KB) with the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg on August 2, 2013.

HKEx Forfeiture Of Unclaimed Interim Dividend For 2007

Date 06/08/2013