News Centre

BATS CHI-X Europe Unveils 2013 Trading Tariffs - Sets Lowest Liquidity Removal Rate In Europe On BXE Lit Order Book

Date 20/11/2012

BATS Chi-X Europe, the largest pan-European equities market operator by market share and notional value traded, today announced updated pan-European trading tariffs for its BXE and CXE lit order books, effective from 1^st January 2013.

Borsa Italiana Monthly Update - October 2012

Date 20/11/2012

Please click here to download Borsa Italiana's monthly update for October 2012.

A New CSFI Report: "Independent Research: Because They're Worth It", By Vince Heaney

Date 20/11/2012

With the financial services industry contracting and tighter regulation here to stay, independent research providers need to demonstrate value creation and shift from being "nice to have" to "need to have".

CFTC Chairman Gary Gensler's Message For The Agency Financial Report

Date 20/11/2012

I am pleased to present the Agency Financial Report for Fiscal Year 2012. It chronicles a critical time in the history of the Commodity Futures Trading Commission (CFTC), a year of transition and real progress toward ensuring that the futures and swaps markets are transparent and work for the American public.

BME - The Spanish Stock Exchange - Trades 1 New ETF Issued By Lyxor

Date 20/11/2012

The Spanish Stock Exchange will today admit to trading, at the market close,  one new exchange-traded fund (ETF) issued by LYXOR, Société Générale’s asset manager: the ETF,  called LYXOR ETF EURO STOXX 50 Daily Short, will start trading  tomorrow.

CFTC Seeks Public Comment On Request From Natural Gas Exchange Inc. For An Amendment To Its Order Of Registration As A Derivatives Clearing Organization

Date 20/11/2012

The Commodity Futures Trading Commission (CFTC) is asking for public comment on a petition submitted by the Natural Gas Exchange Inc. (NGX), for an amendment to its order of registration as a derivatives clearing organization.  Specifically, NGX is requesting that the Commission’s Order of Registration that restricts NGX’s clearing activities to certain energy and over-the-counter contracts only, be amended to permit it to clear foreign futures.

HP Issues Statement Regarding Autonomy Impairment Charge - HP Internal Investigation And Forensic Review Uncovers Accounting Improprieties, Misrepresentations And Disclosure Failures In Autonomy Financial Statements Prior To 2011 Acquisition By HP

Date 20/11/2012

HP today issued the following regarding the non-cash impairment charge relating to Autonomy that was announced during HP’s fourth-quarter earnings announcement:

“HP is extremely disappointed to find that some former members of Autonomy’s management team used accounting improprieties, misrepresentations and disclosure failures to inflate the underlying financial metrics of the company, prior to Autonomy’s acquisition by HP. These efforts appear to have been a willful effort to mislead investors and potential buyers, and severely impacted HP management’s ability to fairly value Autonomy at the time of the deal. We remain 100 percent committed to Autonomy and its industry-leading technology.”

CFTC Staff Issues No-Action Letter Addressing Timeline For Swap Dealer Compliance With Swap Data Reporting Rules

Date 20/11/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) and Division of Market Oversight (DMO) today jointly issued a letter providing swap dealers with time-limited no-action relief from certain requirements of the CFTC’s swap data reporting rules, which are set forth at Part 43, Part 45 and Part 46 of the CFTC’s regulations.

ESMA Publishes An Opinion On The Interpretation Of Article 50(2)(a) Of The UCITS Directive

Date 20/11/2012

To view this document, please click here.

Shadow Banking: Balance Benefits And Risks, Say MEPs

Date 20/11/2012

"Shadow" banks, such as hedge funds or trading houses, benefit the real economy by lending to risky ventures that regular banks avoid. But if their loans turn bad, they may collapse, taking regular banks with them, because they lack a capital cushion. Better prudential oversight is needed to reduce shadow banking's systemic risks, without stifling its benefits to the economy, say MEPs in a resolution voted on Tuesday.