News Centre

GFI Group Appoints Colin Heffron As CEO - Michael Gooch Remains Executive Chairman Of The Board

Date 15/02/2013

GFI Group Inc. (NYSE: "GFIG") has announced the appointment of Colin Heffron as GFI's Chief Executive Officer. Effective immediately, Colin Heffron will take on responsibility for the overall management of GFI's business and continue to serve as a member of the Board of Directors. 

ISDA Response To CPSS, IOSCO & FSB Re. Qualifying Central Counterparties

Date 15/02/2013

We wish to alert you to a matter which, in our view, may adversely impact the consistent global implementation of the CCP capital requirements. Our concern, in summary, is that without a centrally held and internationally agreed list of Qualifying CCPs (“QCCPs”) or CPSS-IOSCO compliant regimes, it is unclear how the CPSS-IOSCO Principles for Financial Market Infrastructures (“PFMI”) could be consistently assessed for CCPs, including for capital purposes. While latitude is being given to resolve this during 2013 for most jurisdictions, banks’ risk assessment and business viability review process means that anurgent resolution is required to remove uncertainty from the market place.

SIFMA Supports US-EU Trade Agreement, Offers Recommended Framework For Financial Services Provisions

Date 15/02/2013

SIFMA today announced the availability of a white paper that outlines the financial industry’s priorities for a U.S. – EU Transatlantic Trade and Investment Partnership. This paper was developed jointly by SIFMA and our European affiliate, the Association for Financial Markets in Europe (AFME).  

TMX Group CEO Tom Kloet Plans To Exercise Options And Sell Common Shares

Date 15/02/2013

TMX Group Limited (TSX-X) announced today that Tom Kloet, Chief Executive Officer, intends to exercise stock options and sell the underlying shares. As reported in TMX Group's management information circular dated March 30, 2012, Mr. Kloet has a share ownership requirement of three times his base salary, which he will continue to exceed. Under the terms of his employment agreement, Mr. Kloet must disclose his intention to sell or purchase TMX Group common shares, including the exercise of options, at least two business days prior to a transaction.

Michel Barnier, Member Of The European Commission Responsible For Internal Market And Services: Why Global Markets Require Global Rules – And US-EU Cooperation - Transatlantic Finance Initiative, New York

Date 15/02/2013

Ladies and gentlemen,

When the financial crisis hit a few years ago, we had no choice. We needed a global reform effort. World leaders were quick to realise this.

International Securities Exchange Receives "Most Innovative Exchange Technology - Options" Award At Wall Street Letter 2013 Institutional Trading Awards

Date 15/02/2013

The International Securities Exchange (ISE) announced today that it received the "Most Innovative Exchange Technology - Options" award at the Wall Street Letter 2013 Institutional Trading Awards. Winners were determined by a panel of independent judges who evaluated the company's level of innovation as it related to exchange technology. ISE's 2012 technological enhancements included significant upgrades to PrecISE Trade® and Optimise^TM, the introduction of Implied Order Functionality, several key enhancements to improve risk management, and much more.

TOM MTF Statistics Week 7 - 2013

Date 15/02/2013

Click here to download the weekly statistics update of TOM MTF for week 7 - 2013. 

NYSE To Suspend Trading In The Third Cumulative Preferred Stock, $1.70 First Series Of H.J. Heinz Company

Date 15/02/2013

The New York Stock Exchange (“NYSE”) announced yesterday that the staff of NYSE Regulation, Inc. (“NYSE Regulation”) has determined to commence proceedings to delist the Third Cumulative Preferred Stock, $1.70 First Series (“Preferred Stock”) of H. J. Heinz Company (the “Company”) -- ticker symbol HNZ PR -- from the NYSE. Trading in the Company’s Preferred Stock will be suspended prior to the opening of trading on February 15, 2013.

Warsaw Stock Exchange Introduces Amendments To ATS Rules

Date 15/02/2013

• Amendments to the WSE’s Alternative Trading System (ATS) Rules take effect as of 1 March 2013.
• The major amendments include: (a) introduction of the criterion of minimum dispersal of shares to be introduced to trading on the ATS for the first time, (2) obligation imposed on issuers to sign an agreement with an Authorised Adviser for a term of 3 years, (3) increase of the maximum cash penalty levied on an Authorised Adviser or an issuer to PLN 50,000.

January 2013 FIF Market Share And Market Dynamics Reports – Executive Summary

Date 15/02/2013

U.S. Equities Market Share

• Share volumes traded across Tape A, B, and C increased 13% monthly but decreased 3% annually to 135 billion shares.
• In January 2013, off-exchange trading accounted for 37% of the shares traded in NMS Equity Securities.
• NYSE-listed securities share volume increased 14% monthly but decreased 5% annually to 76 billion shares.
• Share volume in NASDAQ-listed securities increased 17% monthly and 8% annually to 38 billion shares.