News Centre

Hedge Fund Founder Raj Rajaratnam Sentenced In Manhattan Federal Court To 11 Years In Prison For Insider Trading Crimes - Rajaratnam Receives Longest Prison Term In History For Insider Trading

Date 13/10/2011

PREET BHARARA, the United States Attorney for the Southern District of New York, announced that RAJ RAJARATNAM was sentenced today in Manhattan federal court to 11 years in prison stemming from his involvement in the largest hedge fund insider trading scheme in history.RAJARATNAM was the managing member of Galleon Management, LLC (“Galleon”), the general partner of Galleon Management, L.P., and a portfolio manager for Galleon Technology Offshore, Ltd., and certain accounts of Galleon Diversified Fund, Ltd. He was convicted on May 11, 2011, of all 14 counts of conspiracy and securities fraud with which he was charged, following an eight-week jury trial. RAJARATNAM was sentenced today by U.S. District Judge RICHARD J. HOLWELL. It is the longest sentence to be imposed for insider trading in history.

Program Trading Averaged 30.9 Percent Of NYSE Volume During Oct. 3-7

Date 13/10/2011

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for Oct. 3-7.

SIFMA Highlights Critical Role Non-U.S. Investors Play In U.S. Housing Sector

Date 13/10/2011

Richard Dorfman, managing director and head of securitization at SIFMA, testified today before the House Committee on Financial Services Subcommittee on International Monetary Policy and Trade at a hearing titled “The U.S. Housing Finance System in a Global Context:  Structure, Capital Sources, and Housing Dynamics”.

Remarks Before The London School Of Economics - CFTC Chairman Gary Gensler

Date 13/10/2011

Good morning. I thank the London School of Economics for inviting me to speak today. I also thank Professor Ron Anderson for that kind introduction.

SEC Advisory Committee On Small And Emerging Companies To Hold First Meeting On Oct. 31

Date 13/10/2011

The Securities and Exchange Commission Advisory Committee on Small and Emerging Companies today announced that it will hold its first meeting on Monday, October 31.

NYSE Group Inc. Issues Short Interest Report

Date 13/10/2011

The NYSE Group, Inc. today reported short interest as of the close of business on the settlement date of September 30, 2011.

CBOE Futures Exchange (CFE) To Launch Futures On Radar Logic 28-Day Real Estate Index This Fall Plans To List 25-MSA Composite Index Futures - Contract Specifications And Margins Announced

Date 13/10/2011

CBOE Futures Exchange, LLC (CFE) announced today that on or after Thursday, October 27, it plans to launch trading in futures on Radar Logic 28-Day Real Estate indexes, which measure asset values in the U.S. residential housing market. 

Statement By President Barroso And President Van Rompuy On The Completion Of The Ratification Process For The Enhanced European Financial Stability Facility (EFSF)

Date 13/10/2011

Today the enhanced European Financial Stability Facility is fully operational after Slovakia's ratification.

Judith Hardt Elected As Vice-Chair Of The ESMA Securities And Markets Stakeholder Group

Date 13/10/2011

Congratulations to the FESE Secretary General on being elected to the post of Vice Chair of the ESMA Securities and Markets Stakeholder Group.

Thomson Reuters Global Equities Monthly Market Share Data Updated To Reflect September 2011 Activity

Date 13/10/2011

Trading is fragmenting between exchanges and competing venues. But by how much and which venues? Find out in the Thomson Reuters summarised monthly reports.