News Centre

SIFMA President Kenneth E. Bentsen, Jr. Testifies On CEA Reauthorization

Date 17/07/2013

SIFMA President Kenneth E. Bentsen, Jr. today testified before the Senate Agriculture Committee on reauthorization of the Commodity Exchange Act.

"SIFMA supports many of the goals of Dodd-Frank's Title VII with respect to swaps," Bentsen said in written testimony. "However, we remain concerned about how regulators, especially the CFTC, are interpreting and implementing many of these provisions.  Indeed, in a few instances we also believe it is necessary that Congress amend the Act, as some provisions are duplicative and, at times, counterproductive."

Irish Stock Exchange Launches Guide To REITs

Date 17/07/2013

The Irish Stock Exchange (“ISE”) has today launched a Guide to REITs (“Guide”) for retail investors.

Trust In Global Financial Institutions In Second Quarter 2013 Diverges Across Regions But Remains Steady Overall - Quarterly TRust Index Leverages Proprietary Data, Analytics, News And Social Media Sentiment

Date 17/07/2013

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the second quarter results from its proprietary TRust Index that measures trust in the top 50 global financial institutions. The second quarter data shows that, despite regional variations, trust and confidence in financial institutions remained relatively stable over the quarter.

IMF Executive Board Concludes 2013 Article IV Consultation With The United Kingdom

Date 17/07/2013

FINRA Commences Market Surveillance Of Direct Edge Exchanges

Date 17/07/2013

This Regulatory Notice (the “Notice”) serves to inform Members of EDGA Exchange, Inc.SM and EDGX Exchange, Inc.SM (together, ”Direct Edge®”) that beginning on Monday, July 1, 2013, the Financial Industry Regulatory Authority, Inc. (“FINRA”) assumed responsibility for performing market surveillance services on behalf of Direct Edge.  During a two to three month transition period, Members may receive surveillance inquiries from the International Securities Exchange LLC, Direct Edge’s previous provider of market surveillance services, as well as FINRA.

CQG Adds Foreign Exchange Trade Execution Through KCG Hotspot

Date 17/07/2013

Continuum and CQG, Inc. today announced the addition of foreign exchange trade execution to its services through integration with KCG Hotspot, the award-winning electronic communication network (ECN) for the institutional foreign exchange market. The connection is powered by Continuum's new Access Direct API family.

Goldman Sachs Completes Sale Of Majority Equity Stake In REDI - REDI, An Independent Financial Technology Company, To Offer Innovative Broker-Neutral, Cross-Asset Solutions To Capital Markets

Date 17/07/2013

The Goldman Sachs Group, Inc. (NYSE:GS) today announced the sale of a majority equity interest in REDI, the technology provider for the leading REDIPlus® Execution Management System (EMS), to a consortium of investors including BofA Merrill Lynch, Barclays, BNP Paribas, Citadel and Lightyear Capital. Goldman Sachs is retaining a significant minority equity stake in the company.

ESMA Consults On Non-EU Counterparties OTC Derivatives

Date 17/07/2013

The European Securities and Markets Authority (ESMA) has launched a consultation on draft regulatory technical standards (RTS) aimed at implementing the provisions of the European Markets Infrastructure Regulation (EMIR) related to OTC derivative transactions by non-European Union (EU) counterparties in certain cases, and aimed at preventing attempts by non-EU counterparties to evade EMIR’s provisions.

NYSE Century Index Outperforming Other Broad-Based Indices As CEOs Gather For Second Annual Century Club Gathering - Index Outperformed S&P 500 And Nasdaq 100 In Its First Year

Date 17/07/2013

As leading CEOs from many long-established companies convene today for the second-annual NYSE Century Club summit at the New York Stock Exchange, the year-old namesake index, which measures the performance of 348 companies that have been in business for at least 100 years, has gained 14.7% year-to-date and has a one-year performance of 25%.

Federal Reserve Chairman Ben S. Bernanke: Semiannual Monetary Policy Report To The Congress - Before The Committee On Financial Services, U.S. House Of Representatives, Washington, D.C., July 17, 2013

Date 17/07/2013

Chairman Hensarling, Ranking Member Waters, and other members of the Committee, I am pleased to present the Federal Reserve's semiannual Monetary Policy Report to the Congress. I will discuss current economic conditions and the outlook and then turn to monetary policy. I'll finish with a short summary of our ongoing work on regulatory reform.