News Centre

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.

Dubai Financial Market Closed For Eid Al Fiter Starting Saturday, 18 August 2012

Date 14/08/2012

On the occasion of Eid Al Fiter, the market will be closed starting from Saturday, 18 August 2012 and will resume on 04th of Shawwal 1431 A.H.

ISE Completes Roll Out Of Implied Order Functionality - Industry-Leading Complex Order Book Further Enhanced By Improved Liquidity And Fill Rates

Date 14/08/2012

The International Securities Exchange (ISE) today announced that it has completed the roll out of Implied Order functionality* for all products in its complex order book. ISE introduced Implied Order functionality in May to a limited number of symbols and has conducted a measured roll out over the past three months. Implied Orders significantly enhance ISE's industry-leading complex order book by enabling greater interaction of multi-legged orders with the regular order book. This functionality has already tightened spreads on ISE's regular order book, resulting in better executions for multi-legged orders and for regular orders.

Clearing Connectivity Standard Launched For Central Counterparty Clearing - Sapient Global Markets Contributes Deep Domain And Technology Expertise To Help Improve Communication And Reporting For Asset Managers, Fcms And Custodians

Date 14/08/2012

Sapient Global Markets has announced the completion of a new industry standard for cleared OTC derivatives related activity reporting for asset managers, futures commission merchants (FCMs) and custodians. The Clearing Connectivity Standard (CCS) is a standardized connectivity format that can be used by the FCM community to transmit OTC clearing related information on behalf of their asset manager clients to custodians.

SGX: MSCI Singapore Free Index Up 16.6% In 2012 YTD

Date 14/08/2012

• The MSCI Singapore Free Index is made up of 32 stocks, of which 26 stocks are STI constituents and 6 constituents are part of the FTSE ST Mid Cap Index.
• SGX provides two portfolio products based on the MSCI Singapore Free Index: SiMSCI futures and ETFs.
• The extended hours of SiMSCI futures provide stock investors with an indicative level for where the Singapore stock market will next open. 
• The size of the price discount of the SiMSCI futures to the MSCI Singapore Free Index can also give an indication of ex-dividend activity of Index stocks in the relevant month.
• SiMSCI futures currently trades at a discount to the MSCI Singapore Free Index which is expected to narrow tomorrow as three Index stocks, DBS, Sembcorp Marine and Starhub go ex-dividend.   

FTSE Mondo Visione Exchanges Index Holds Steady In July

Date 14/08/2012

The share values of publicly listed exchanges held steady during July, with the FTSE Mondo Visione Exchanges Index experiencing only a marginal movement of 0.5 per cent decrease during July.

Dubai Mercantile Exchange Celebrates Five Years Of Consistent Growth In Trading Volumes

Date 14/08/2012

Dubai Mercantile Exchange (DME) is this month celebrating its fifth anniversary.  Since its launch in June 2007,  DME has established itself as the premier international energy futures and commodities exchange in the Middle East, recording consistent year-on-year trading growth. The Oman Crude Oil Futures Contract (DME Oman), the Exchange’s flagship contract, is now the most credible oil benchmark relevant to the Asian market.

ASIC Guidance On Crowd Funding

Date 14/08/2012

ASIC has today issued guidance to promoters of ‘crowd funding’ to clarify arrangements which may be regulated by ASIC under the Corporations Act 2001 (Corporations Act) and Australian Securities and Investments Commission Act 2001 (ASIC Act). 

Shanghai Futures Exchange: Notification On Lowering The Transaction Fee Standards For Each Variety

Date 14/08/2012

It is decided upon deliberation that the Exchange will make the following adjustments to the transaction fee standards for each variety since September 1st, 2012.