News Centre

CFTC Sanctions Two Illinois Residents $400,000 And Imposes A 140-Day Trading Ban For Entering Into Unlawful Wash Sales - Kevin Mclaren And Edward Gorman Charged With Prearranging Trades Involving Corn Futures Spreads

Date 29/04/2013

The Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against Kevin McLaren and Edward Gorman for engaging in unlawful wash sales in corn futures spread contracts on the Chicago Mercantile Exchange in March 2010.  The order imposes a $200,000 civil monetary penalty each on McLaren and Gorman, who were also ordered to cease and desist from future violations of Section 4c(a) of the Commodity Exchange Act, 7 U.S.C. § 6c(a) (2006), and Commission Regulation 1.38(a), 17 C.F.R. § 1.38(a) (2012).  McLaren and Gorman were also ordered to submit to 140-day trading bans.

Alpha Trading Platform Moves To TMX Quantum - Update On Planned Launch Of Next Generation Equity Trading Technology

Date 29/04/2013

TMX Group today announced the successful migration of Alpha to TMX Group's proprietary trading engine, TMX Quantum. As part of TMX Group's overall integration plan, Alpha now operates on the same platform as Toronto Stock Exchange, TSX Venture Exchange and TMX Select.

UK’s Financial Conduct Authority Charges Two In Relation To An Unauthorised Investment Scheme

Date 29/04/2013

The Financial Conduct Authority (FCA) has charged Alex Hope of Docklands, London and Raj Von Badlo of Bourne End, Buckinghamshire with a total of ten offences relating to an unauthorised investment scheme they promoted and operated. The scheme purported to carry out FOREX trading for the benefit of investors and is believed to have taken over £5 million from investors.

Broadridge Launches SWIFT Global Electronic Trade Confirmation Solution - Enables Brokers To Automate Buy-Side Services And Increase Post-Trade Operational Efficiency

Date 29/04/2013

With brokerage firms under pressure to demonstrate the quality and competitiveness of their services to buy-side clients, Broadridge Financial Solutions (NYSE:BR) has today launched its solution for SWIFT Global Electronic Trade Confirmation (GETC).  The solution enables sell-side institutional brokers to optimize their service provision to institutional fund managers through a fully automated confirmation and affirmation process for trade allocations.  It also enables brokers to maximize STP rates and streamline their own post-trade processing and settlement operations.

Bermuda Stock Exchange Now Powered By NASDAQ OMX's X-stream Technology

Date 29/04/2013

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Bermuda Stock Exchange (BSX) have launched NASDAQ OMX's X-stream trading platform providing BSX with world-class trading technology and strengthening BSX's dedication to the development of Bermuda's domestic market, fueling capital to the country's small and medium businesses as well as BSX's leadership position in insurance related trading activity.

Thomson Reuters Eikon Awarded Prestigious Edison Accolade For Innovation - Thomson Reuters Joins Ranks Of Key Innovators In Award Ceremony To Honor Companies At The Forefront Of Innovation, Creativity And Ingenuity In The Global Economy

Date 29/04/2013

Thomson Reuters has been honored by the internationally renowned Edison Awards for its service and technology innovation in its flagship financial markets desktop, Thomson Reuters Eikon. The award for Innovative Services was presented last night (April 25th) at a ceremony at the historic Navy Pier's Grand Ballroom in Chicago with finalists voted on by a distinguished panel of over 3,000 industry experts including senior business executives and leading scientists and academics.

NASDAQ OMX To Launch Marketplace Designed For Exchange Traded Products

Date 29/04/2013

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, today announced that it will re-launch NASDAQ OMX PSX^(SM) (PSX^(SM)) in an effort to create the leading marketplace for Exchange Traded Products (ETPs). The price-time exchange will offer unique market making programs and features designed to provide robust liquidity to institutional and retail investors. PSX will re-launch in May 2013 pending approval by the Securities and Exchange Commission.

Warsaw Stock Exchange Continues NewConnect Reform In Partnership With The Market

Date 29/04/2013

• The Warsaw Stock Exchange introduces major amendments to the ATS Rules concerning the conditions of introduction of financial instruments to trading and the scope of the information document, and strengthens disclosure obligations of companies and requirements for Authorised Advisers.
• The amendments, which derive from analytical work carried out by the WSE, external experts and representatives of the capital market community, are part of a project designed to reform the Alternative Trading System and take effect as of 1 June 2013.

UK's Financial Conduct Authority: Sue Lewis Appointed Chair Of The Financial Services Consumer Panel

Date 29/04/2013

Sue Lewis has been appointed the new Chair of the independent Financial Services Consumer Panel.  The Panel advises the FCA on the interests and concerns of consumers providing constructive challenge to its policymaking process.

South Asian Federation Of Exchanges (SAFE) Held The Third ‘Pakistan IPO Summit 2013’

Date 29/04/2013

South Asian Federation of Exchanges (SAFE) held the third ‘Pakistan IPO Summit 2013’ in the series of IPO Summit events on Monday 29th April 2013, at Pearl Continental Hotel, Lahore. The summit was held under the auspices of Securities and Exchange Commission of Pakistan (SECP) as Lead Patron and in collaboration with all the capital market institutions of the country like Karachi Stock Exchange Limited (KSE), Lahore Stock Exchange Limited (LSE), National Clearing Company of Pakistan Limited (NCCPL), Shajar Capital Pakistan (Private) Limited, AKD Securities Limited and National Bank of Pakistan (NBP).