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News Centre

Palestine Exchange Will Close For Eid-Al-Fitr Holiday

Date 15/08/2012

The Palestine Exchange (PEX) will be closed Sunday through Tuesday 19-21 of August 2012 celebrating Eid-Al-Fitr holiday.
SET Welcomes Quanzhou Chamber Of Commerce

Date 15/08/2012

Su Fulun, President of Quanzhou Chamber of Commerce, Xiamen, with 3,000 companies members and total investment value of 10 billion yuan over the last five years, and other members were recently welcomed by The Stock Exchange of Thailand’s (SET) President Charamporn Jotikasthira and SET’s top executives on the occasion of visiting Thai bourse’s office in order to discuss investment opportunities on Thailand’s capital market and possible listing on SET.
JonesTrading And Conifer Group Enter Strategic Partnership For Broker/Dealer Services

Date 15/08/2012

JonesTrading Institutional Services LLC (JonesTrading), which provides institutions with unconflicted block trading in securities and derivative products, capital markets services, independent research, and commission management announced today that it has formed a strategic partnership with The Conifer Group LLC (Conifer Group) concerning the company’s subsidiary Conifer Securities, LLC (Conifer Securities). The two companies have signed a letter of intent, wherein JonesTrading will acquire Conifer Securities and manage the business as a wholly owned subsidiary. The Conifer Group will obtain an equity stake in JonesTrading and Jack McDonald, President and CEO of The Conifer Group, will join JonesTrading’s Board of Directors. The transaction is expected to close in the fourth quarter of 2012.
BATS Global Markets Announces Retail Price Improvement Program - Plans Retail Price Improvement (RPI) Program For BATS BYX Exchange, Pending Regulatory Approval

Date 14/08/2012

BATS Global Markets today announced plans to introduce a Retail Price Improvement (RPI) program to its BYX Exchange as a one-year pilot program, subject to approval by the U.S. Securities and Exchange Commission (SEC).
Standard Chartered PLC: New York State Department Of Financial Services Agreement Is Announced

Date 14/08/2012

Standard Chartered PLC (the "Group") refers to an announcement made today by the New York State Department of Financial Services (the "DFS") announcing the adjournment of the hearing, originally due to be held on 15th August 2012.

CFTC’s Division Of Swap Dealer And Intermediary Oversight Responds To Questions Regarding Recent Amendments To Compliance Obligations For Commodity Pool Operators And Commodity Trading Advisors - Responses Intended To Provide Additional Guidance To Affected Market Participants

Date 14/08/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a set of responses to frequently asked questions (FAQs) regarding compliance obligations for Commodity Pool Operators (CPOs) and Commodity Trading Advisors (CTAs). The FAQs address a variety of issues/concerns related to the compliance obligations for CTAs and CPOs that were raised over the past several months by a number of market participants. The issues/concerns include: compliance dates, wholly owned subsidiaries, trading limits, and the process for transitioning from an exemption from registration under Commission regulation 4.13(a)(4) to either registering or claiming another exemption. DSIO staff anticipates supplementing or revising the FAQs as needed.
Statement From Benjamin M. Lawsky, Superintendent Of Financial Services, Regarding Standard Chartered Bank

Date 14/08/2012

Benjamin M. Lawsky, New York Superintendent of Financial Services, issued the following statement today.
Accion, NYSE Euronext, And Yelp Bring Big StartUp Small Business Connections Tour To New York City - “Marketing Meets Microfinancing” Workshop Coming To The Local Business Owner Community - New York Stock Exchange, 7th Floor, 6:30-8:30PM

Date 14/08/2012

On August 23, the New York Stock Exchange (NYSE: NYX) will bring its NYSE Big StartUp “Small Business Connections: Marketing Meets Microfinancing” nationwide workshop tour to New York City. Hosted in coordination with Big StartUp partners Accion and Yelp, the event will connect local business owners with two necessary resources for growing a business: social media marketing know-how and access to capital. New York is the fifth stop on the Small Business Connections tour and 70 business owners have already registered to attend.
SEC Charges Wells Fargo For Selling Complex Investments Without Disclosing Risks

Date 14/08/2012

The Securities and Exchange Commission today charged Wells Fargo’s brokerage firm and a former vice president for selling investments tied to mortgage-backed securities without fully understanding their complexity or disclosing the risks to investors.
SunGard-Sponsored Celent Survey Finds Large Chinese Financial Institutions Need To Improve Risk Management

Date 14/08/2012

Competition from within the industry and a more complex financial environment now outweigh regulatory factors as key considerations for risk management at large financial institutions in China, according to a survey* by analyst firm, Celent, sponsored by SunGard. Celent conducted in-depth interviews with risk managers from large Chinese banks, securities firms and asset management companies. The survey revealed that only 11% of large financial institutions believed that their existing systems could meet their risk management needs.