News Centre

Autorité Des Marchés Financiers Appoints Martine Charbonnier And Guillaume Eliet As Managing Directors

Date 16/01/2013

Martine Charbonnier has been appointed Managing Director of the Corporate Finance Directorate and the Corporate Accounting and Auditing Directorate, effective 14 January 2013. Guillaume Eliet has been promoted to Managing Director of the Asset Management Directorate. Guillaume will remain as head of the Asset Management Directorate, a post he has held since 2010. Both will join the AMF’s executive committee.

CFTC: Pro Trading Course LLC’s Commodity Trading Advisor Registration Revoked

Date 16/01/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced that under its Rules of Practice, it has declined to review a decision entered by a Judgment Officer revoking the commodity trading advisor (CTA) registration of Pro Trading Course, LLC (PTC).  By taking this action, the Judgment Officer’s initial decision becomes a Final Order of the Commission.

Futures On DTCC GCF Repo Index® Achieve Major Milestones With New Volume And Open Interest Records - Continue To Gain Traction Amid Rapidly Growing Participation By NYSE Liffe U.S. Global Customers

Date 16/01/2013

NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX),  today announced it has achieved major milestones for its award-winning suite of  Futures on DTCC GCF Repo Index® (“GCF Repo futures”). Since the launch of GCF  Repo futures on July 16, 2012, NYSE Liffe U.S. has traded nearly 500K contracts  as a result of rapid growth in volume, Open Interest and activity from global  interest rate market participants.

FINRA Launches Small Claims Telephonic Mediation Pilot Program

Date 16/01/2013

The Financial Industry Regulatory Authority (FINRA) announced today the launch of a pilot program offering parties in simplified cases pro bono or reduced-fee telephone mediation. Participation in the pilot program, which began on January 15, is voluntary and open to cases involving claims of $50,000 or less.

Clearstream In The Center Of The Offshore Renminbi Market - New Bonds From China Construction Bank And Bank Of China Hong Kong Issued In The International Market - 71 Percent More Renminbi (RMB)-Denominated Bond Issuances Through Clearstream In 2012 Compared To 2011 - Clearstream Plays A Significant Role In The Issuance Of Offshore RMB-Denominated Debt Instruments Through Its Hubs In Luxembourg, London And Singapore

Date 16/01/2013

On 14 January 2013, Clearstream acted as the sole and exclusive international central securities depository (ICSD) for the primary distribution of two new RMB bonds: China Construction Bank issued a RMB 1.25 billion certificate of deposit and Bank of China Hong Kong a RMB 650 million bond through Clearstream. These were the first major RMB issuances for Clearstream in 2013 following a 2012 trend: In 2012, the ICSD has supported the issuance of more than RMB 84 billions of international bonds spread over 579 new issues, an increase of more than 71 percent compared to 2011.

Tougher Credit Rating Rules Confirmed By European Parliament's Vote

Date 16/01/2013

New rules on when and how credit rating agencies may rate state debts and private firms' financial health were approved by Parliament on Wednesday. They will allow agencies to issue unsolicited sovereign debt ratings only on set dates, and enable private investors to sue them for negligence. Agencies' shareholdings in rated firms will be capped, to reduce conflicts of interest.

Decline In Trading Activities In 2012 - During The Past Year, Markedly Less Trading Was Conducted On SIX Swiss Exchange And Scoach Switzerland.

Date 16/01/2013

On the 250 trading days of 2012, SIX Swiss Exchange and Scoach Switzerland registered a total of 31'549'599transactions, 21.2% less than in 2011. The only segment that saw a higher trading volume was Bonds CHF (+6.9%). Turnover also fell in 2012, to CHF 892,6 billion (-23.1%). Again, only Bonds CHF posted an increase over 2011 (+7.0%). Detailed figures are available in the statistical monthly report[PDF].

European Commission: New Rules On Credit Rating Agencies (CRAs) – Frequently Asked Questions

Date 16/01/2013

I. GENERAL CONTEXT AND APPLICABLE LAW

1. What is a credit rating?

A credit rating is an opinion issued by a specialised firm on the creditworthiness of an entity (e.g. an issuer of bonds) or a debt instrument (e.g. bonds or asset-backed securities). This opinion is based on research activity and presented according to a ranking system.

Citadel Selects Bloomberg For Derivatives Trading And Access To Clearing - Continues Trend Of Investors Preparing For Pending SEF Regulations

Date 16/01/2013

Citadel, a leading global financial institution, is now using Bloomberg's Fixed Income Trading platform for electronic trading and clearing of interest rate swaps.

FESE European Equity Market Report – Full Year 2012 Figures

Date 16/01/2013

The European Equity Market Report is a piece of analysis that allows for accurate comparison of trading statistics across European trading venues.