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Major Banks Join Forces With SWIFT To Manage KYC Compliance Challenges - Bank Of America Merrill Lynch, Citi, Commerzbank, JPMorgan, Societe Generale And Standard Chartered Will Work With SWIFT To Build A KYC Registry For The Industry

Date 04/03/2014

SWIFT announces that it has signed a Memorandum of Understanding (MOU) with a group of major banks to jointly develop and use SWIFT’s KYC Registry, a centralised utility for the collection and distribution of standard information required by banks as part of their due diligence processes.

Investor Activity On Warsaw Stock Exchange Markets February 2014

Date 04/03/2014

• The value of session trading in equities on the Main Market was PLN 17.9 billion in February 2014, an increase of 11.7% year on year.
• The number of transactions per session increased by 47.5% year on year to 1.3 million in February 2014.
• The total value of trading on NewConnect increased by 20.4% year on year and stood at PLN 108.9 million in February 2014.
• The total volume of transactions on the electricity market stood at 16.2 TWh in February 2014, an increase of 17.6% year on year.

Correction - Component Change Made In STOXX Eastern Europe 50 Index

Date 04/03/2014

STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced a correction to the component changes in the STOXX Eastern Europe 50 Index which were communicated on March 3, 2014. All changes become effective with the open of markets on March 24, 2014.

Low-Touch Share Of 2014 European Equity Trading Commission Wallet Will Exceed 40% For First Time, Says TABB - Part Two Of 7th Annual Buy-Side Research Shows Challenge To Bulge Bracket Banks’ Dominance Across Europe Amidst Change In Algorithm Selection Process

Date 04/03/2014

Following up on the recently issued first part of its annual benchmark research study covering European equity trading focused on transaction cost analysis (TCA) and research, TABB Group today published part two, “European Equity Trading 2014: Low-Touch Domination Takes Off.”

ICE U.K. NBP Natural Gas Futures Set Daily Volume Record

Date 04/03/2014

IntercontinentalExchange (NYSE:ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that ICE U.K. National Balancing Point (NBP) Natural Gas futures achieved a daily volume record of 118,145 contracts (equivalent to 3.65 billion therms) on March 3, 2014. The previous record of 70,690 contracts was set on January 13, 2014.

HKEx Warns The Public Of Misdirection To HKEx's Website

Date 04/03/2014

It has come to the attention of Hong Kong Exchanges and Clearing Limited (HKEx) that an entity called "Hong Kong Global Exchange Co. Ltd." has sent out emails offering to provide business loans and project financing services to customers and that its website address www.hkglobalexchange.com automatically opened to HKEx’s corporate website.

Boerse Stuttgart Generates Turnover Of More Than EUR 8 Billion In February - Growth In Debt Instrument Trading - Transaction Volume Up In Comparison With February 2013

Date 04/03/2014

According to its order book statistics, Boerse Stuttgart generated turnover of more than EUR 8 billion in February 2014. Although the trading volume was down in comparison with January, when trading was particularly strong, it was up more than 4 percent on February 2013.

Osaka Securities Exchange: Today’s Temporary Trading Halt Of Futures And Options Trading

Date 04/03/2014

Today, Nikkei 225 futures trading, Nikkei 225 mini futures trading and Nikkei 225 options trading(hereafter Nikkei 225 futures trading etc.") were suspended for about 25 minutes due to operational error.We would like to express our deepest apologies to investors and market users for the inconvenience.

Securities Industry Luminary Howard Edelstein Joins Algomi As Strategic Advisor - Edelstein’s Involvement An Indicator Of Strong Momentum Behind Algomi

Date 04/03/2014

Algomi, the provider of information-matching solutions to optimise fixed income liquidity, has named former Chairman and CEO of BondDesk Group Howard Edelstein as a Strategic Advisor, effective immediately.  Edelstein has also made an investment in the company.

The UK Financial Conduct Authority Publishes Latest Review Of Sales Incentives At Retail Financial Services Firms

Date 04/03/2014

All the major retail banks have either replaced or made substantial changes to financial incentive schemes, which played such a major role in the mis-selling scandals of recent years, the Financial Conduct Authority (FCA) revealed today. In its latest review of incentives schemes, the FCA found significant improvements at many firms of all sizes but identified a number of areas common across the industry where further work was needed.

The review found that around one-in-ten firms with sales teams had higher-risk incentive schemes and appeared not to be managing the risk properly. The FCA finalised its guidance on financial incentives in January 2013 and has since been working with the industry, with most large and medium sized firms committing to further improvements following the latest review.