News Centre

European Parliament: Alarm Bells For Talks On Closer Economic Union Deal

Date 18/01/2012

Parliament on Wednesday again sounded the alarm about possible pitfalls for the intergovernmental agreement currently being negotiated on closer economic union. Its resolution voices overwhelming doubts as to the need for any such agreement outside the EU system. It also stresses that democratic accountability must be improved, and says the deal should aim to boost growth, not just enforce austerity.

Testimony By Federal Reserve Board Governor Daniel K. Tarullo On The Volcker Rule - Before The Subcommittee On Capital Markets And Government Sponsored Enterprises And The Subcommittee On Financial Institutions And Consumer Credit, Committee On Financial Services, U.S. House Of Representatives, Washington, D.C.

Date 18/01/2012

Chairman Capito, Chairman Garrett, Ranking Member Maloney, Ranking Member Waters, and other members of the subcommittees, thank you for the opportunity to testify on the interagency proposal to implement the requirements of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), commonly known as the Volcker Rule. My remarks today will focus on some of the issues faced in developing the interagency proposal. As I have previously noted in Congressional testimony, the goal of the Federal Reserve with respect to this and all other provisions of the Dodd-Frank Act, is to implement the statute in a manner that is faithful to the language of the statute and that maximizes financial stability and other social benefits at the least cost to credit availability and economic growth.

BATS Global Markets To Utilize Savvis’ Chicago CH4 Data Center As Secondary Facility - Chicago CH4 Will Serve As Backup Facility For All Three Of BATS’ U.S. Markets - Build Out Of Secondary Facility To Be Completed This Year

Date 18/01/2012

BATS Global Markets (BATS), a global operator of stock and options markets, and Savvis, a CenturyLink (NYSE: CTL) company and an outsourcing provider of managed computing and network infrastructure for IT applications, today announced that BATS will use Savvis’ Chicago CH4 data center as its secondary data center facility for all three of its U.S. markets.

Testimony On “Examining The Impact Of The Volcker Rule On Markets, Businesses, Investors And Job Creation” By SEC Chairman Mary L. Schapiro - Before The Capital Markets And Government Sponsored Enterprises Subcommittee And Financial Institution And Consumer Credit Subcommittee Of The U.S. House Of Representatives Committee On Financial Services

Date 18/01/2012

Chairmen Garrett and Capito, Ranking Members Waters and Maloney, and members of the Subcommittees:

Thank you for the opportunity to testify regarding the Commission’s joint proposal with the Federal banking agencies to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), commonly referred to as the “Volcker Rule.”

Testimony Before The U.S. House Financial Services Subcommittees On Financial Institutions & Consumer Credit And Capital Markets & Government Sponsored Enterprises, Washington, DC, CFTC Chairman Gary Gensler

Date 18/01/2012

Good morning Chairman Capito and Chairman Garrett and members of the subcommittees. I thank you for inviting me to today’s hearing on the Volcker Rule. I also am glad to join my fellow regulators in testifying today.

Activ Financial And Updata Announce Partnership - Powerful Combination Of Low-Latency Market Data And Advanced Trading Analytics Create Enhanced Offerings For Clients

Date 18/01/2012

Activ Financial, a global provider of fully managed low-latency and enterprise market data solutions, and Updata Inc., a leading provider of advanced trading analytics, today announced that they have integrated their services.  Activ market data clients can now use state of the art analytics from Updata while Updata Professional clients are now able to seamlessly add low-latency market data from Activ through the ActivFeed API which provides low-latency market data from over 120 global exchanges and markets covering all asset classes.  Updata Analytics provides traders and market analysts with advanced charting, technical analysis tools, system design and testing, scanning and alerts, and automated report generation. 

Birgit Kuras - New Member Of The Management Board Of Wiener Börse AG

Date 18/01/2012

Birgit Kuras is the new Member of the Management Board of Wiener Börse AG. This announcement was made by the Supervisory Board after it reached its unanimous decision at today’s extraordinary meeting. Birgit Kuras and Michael Buhl will jointly run the business of Wiener Börse AG starting as of 1 March 2012. Birgit Kuras succeeds Heinrich Schaller who has switched to the position of CEO of Raiffeisenlandesbank Oberösterreich.

European Repo Market Remains Stable Despite Eurozone Difficulties, ICMA-ERC Survey Shows

Date 18/01/2012

The European Repo Council of the International Capital Market Association (ICMA) today released the results of its 22nd semi-annual survey of the European repo market, which took place in December 2011. The survey, which measures the amount of repo business outstanding on 7 December, sets the baseline figure for market size at EUR 6,204 billion.

New Management Board Team For CEE Stock Exchange Group

Date 18/01/2012

The exchange holding company, CEE Stock Exchange Group AG (CEESEG AG), which consists of the exchanges of Budapest, Ljubljana, Prague and Vienna, will be managed as of 1 March 2012 jointly by Michael Buhl and Petr Koblic. Petr Koblic, who is Chairman of the Board of the Prague Stock Exchange, is joining the Management Board of CEESEG AG as a new member and succeeds Heinrich Schaller who is leaving the management boards of the Vienna Stock Exchange and of the CEE Stock Exchange Group. Michael Buhl, Member of the Management Board of Wiener Börse AG, has been on the Board of CEESEG AG since January 2010 when the holding company was founded.

Saudi Stock Exchange (Tadawul) Confirms Systems And Operations Continue Normally

Date 18/01/2012