News Centre

First Maltese Bank Becomes A Participant Of Eurex Repo - Mediterranean Bank Joins Euro Repo And GC Pooling Markets

Date 20/10/2011

Eurex Repo, the leading marketplace for international, electronic repo trading and secured funding, today announced its further expansion in Europe. The newest member is the Mediterranean Bank domiciled in Malta, which has made first trades in the Euro Repo and the GC Pooling markets. With this new customer, the total number of Euro Repo participants has risen to 88, thereof 75 use the GC Pooling market. Eurex Repo members are based in twelve countries, among them Germany, France, Great Britain, Netherlands, Spain, and – since this week – in Malta.

BSE: Another Record Day - Highest Volume with Biggest Participation

Date 20/10/2011

Trading activity at BSE in derivatives maintains the momentum with more participants trading every day. 

NYSE Euronext Statement On MiFID Review

Date 20/10/2011

NYSE Euronext (NYSE: NYX) today issued the following statement regarding the publication of the legislative proposal by the European Commission:

With the publication of the proposals, European policymakers now have an opportunity to strengthen Europe’s financial market regulation for the benefit of investors, listed companies and the economy as a whole.  We consider today’s legislative proposal as a significant step in delivering on the G20 commitment made in September 2009 to establish safer, sounder and more transparent financial markets globally and in Europe.  Market transparency is at the heart of the debate and as such we very much welcome the proposals on promoting the consolidation and transparency of equity trade data, extending the transparency provisions to the non-equities space and bringing previously unregulated trading systems within the scope of the legislative framework.

BSE Signs Up FTIL’s ODIN For Equity Derivatives Re-Launch - ODIN Is India’s No. 1 Front End Trading Solution With Over 80% Market Share - Move Is Additional Fillip To BSE’s Re-Launch Efforts In Its Equity Derivatives Segment

Date 20/10/2011

BSE Ltd. and Financial Technologies (India) Limited (FTIL) have signed an agreement to provideODIN™—a brokerage solution of FTIL—to BSE members as a part of the exchange’s efforts to re-launch its equity derivatives segment. As per the agreement, the empanelled members on BSE will trade on its derivatives segment using ODIN™’s Computer-To-Computer-Link (CTCL) platform.

Deutsche Börse Statement On MiFID Review Amendment Proposal

Date 20/10/2011

Deutsche Börse AG issued the following statement regarding the publication of the legislative amendment proposal to the revised Markets in Financial Instruments Directive (MiFID) by the EU Commission’s DG Internal Markets and Services:

We support the goals of MiFID and thus welcome today’s publication of the MiFID amendment proposal. We believe it will lead to safer, sounder and more transparent financial markets in Europe, thus contributing to the G20 commitment from September 2009. Foremost, we agree with EU Commission’s proposal of mandatory trading of derivatives on organized trading venues, and improved trading transparency across a broad range of financial instruments including derivatives. This will align European regulatory efforts with the respective requirements in the US outlined by the Dodd-Frank Act. Further, we support the goal to design rules on organizational requirements, transparency and authorization of OTFs such that there are no loopholes to achieve the desired outcome of more organized trading of OTC derivatives.

HKEx Securities And Derivatives Markets Quarterly Report

Date 20/10/2011

HKEx Securities and Derivatives Markets Quarterly Report

Hong Kong Court Sets Date For Insider Dealing Trial Of Former CITIC Pacific Senior Executive

Date 20/10/2011

The Eastern Magistrates Court today set 19 March 2012 for the start of the criminal trial of former senior executive of CITIC Pacific Limited (CITIC Pacific) Mr Chui Wing Nin, who the Securities and Futures Commission (SFC) accuses of insider dealing. 

European Commission: Review Of The Markets In Financial Instruments Directive (MiFID): Frequently Asked Questions

Date 20/10/2011

1. What is MiFID?

MiFID is the Markets in Financial Instruments Directive (Directive 2004/39/EC¹). It replaces the Investment Services Directive (ISD) which was adopted in 1993. It was agreed unanimously by the Member States and by a large majority in the European Parliament, and came into force in 2008. It is a cornerstone of the EU's regulation of financial markets. It seeks to improve the competitiveness of EU financial markets by creating a single market for investment services and activities, and ensuring a high degree of harmonised protection for investors in financial instruments, such as shares, bonds, derivatives and various structured products. MiFID has brought greater competition across Europe in the provision of services to investors and between trading venues. This has helped contribute to deeper, more integrated and liquid financial markets. It has also driven down costs for issuers, delivering better and cheaper services for investors, and contributing to economic growth and job creation in Europe.

European Commission: Proposals For A Regulation On Market Abuse And For A Directive On Criminal Sanctions For Market Abuse: Frequently Asked Questions

Date 20/10/2011

1. What is market abuse and how is it currently regulated?

Adopted in early 2003, the Market Abuse Directive (MAD)¹ has introduced a comprehensive framework to tackle insider dealing and market manipulation practices, jointly referred to as "market abuse". The Directive aims to increase investor confidence and market integrity by prohibiting those who possess inside information from trading in related financial instruments ("insider trading"), and by prohibiting the manipulation of markets through practices such as spreading false information or rumours and conducting trades that result in abnormal prices. ("market manipulation").

In essence, market abuse may occur when investors have been unreasonably disadvantaged, directly or indirectly, by others who:

• have used information that is not publicly available to trade in financial instruments to their advantage (insider dealing);

• have distorted the price-setting mechanism of financial instruments; or

• have disseminated false or misleading information.

European Commission: Getting Tough On Insider Dealing And Market Manipulation

Date 20/10/2011

In recent years financial markets have become increasingly global, giving rise to new trading platforms and technologies. This unfortunately has also led to new possibilities to manipulate these markets. As part of its work to make financial markets more sound and transparent, the European Commission today adopted a proposal for a Regulation on insider dealing and market manipulation (i.e. market abuse). The proposal aims to update and strengthen the existing framework to ensure market integrity and investor protection provided by the Market Abuse Directive (2003/6/EC). The new framework will ensure regulation keeps pace with market developments, will strengthen the fight against market abuse across commodity and related derivative markets, reinforce the investigative and sanctioning powers of regulators and reduce administrative burdens on small and medium-sized issuers.