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SEC Examinations Find Shortcomings in Credit Rating Agencies' Practices and Disclosure to Investors
Date 08/07/2008
The Securities and Exchange Commission today released findings from extensive 10-month examinations of three major credit rating agencies that uncovered significant weaknesses in ratings practices and the need for remedial action by the firms to provide meaningful ratings and the necessary levels of disclosure to investors.
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Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
Date 08/07/2008
Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Tuesday, July 8, 2008:
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NYMEX To Change Margins For Natural Gas Basis Swap Futures Contracts
Date 08/07/2008
The New York Mercantile Exchange, Inc. today announced margin changes for some of its natural gas basis swap futures contracts, beginning at the close of business tomorrow.
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Rosenblatt Securities Hires Xiang Li As Vice President Of Analytics And Consulting - MIT Ph.D’s Initial Focus Will Be On Firm’s Transaction Cost Analysis Products
Date 08/07/2008
Rosenblatt Securities is pleased to announce that it has hired Xiang Li as Vice President, Analytics & Consulting. Li will work on improvements to the firm’s models, as well developing new applications for customers and other technology initiatives, as part of Rosenblatt’s transaction cost analysis (TCA) group, which helps institutional investors boost their returns by identifying and minimizing the complex, often hidden costs associated with buying and selling large quantities of stock. He
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The Philadelphia Stock Exchange To Begin Trading Fourteen New Options On Wednesday, July 9
Date 08/07/2008
The Philadelphia Stock Exchange (PHLX) announced today that it will begin to trade fourteen new options on July 9, 2008. The first five options were allocated to Group One Trading, LP:
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NYMEX To Change Margins For Coal Futures Contract On NYMEX ClearPort®
Date 08/07/2008
The New York Mercantile Exchange, Inc. today announced margin changes to its Central Appalachian coal futures contract on NYMEX ClearPort, beginning at the close of business tomorrow.
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BM&FBOVESPA Ends June With A 6.6% Increase In Its Derivatives Markets
Date 08/07/2008
BM&FBOVESPA’s derivatives market (including futures and options) registered a volume of 35.4 million contracts traded in June 2008, a 6.6% increase in comparison to the same period last year (33.3 million). The average daily trading volume also rose, with 1.69 million contacts, 1.5% higher than the 1.6 million registered in June 2007. Financial volume also increased: BRL2.4 trillion, a 6.6% growth against the BRL2.3 trillion obtained in May. The daily average also stepped up 1.6%, reaching BRL11
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NYMEX To Change Margins For Electricity Futures Contract On NYMEX ClearPort®
Date 08/07/2008
The New York Mercantile Exchange, Inc. today announced margin changes for its NYISO Zone J peak electricity futures contract on NYMEX ClearPort, beginning at the close of business tomorrow.
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Monthly Statistics Bulletin For June 2008 Published By Hellenic Exchanges
Date 08/07/2008
The value of transactions in the stock market of the Athens Stock Exchange in June 2008 was €6,068,0 million (see chart 1) vs. €9,973.0 million in June 2007, a decrease of about 39%. In May 2008 the value of transactions had reached €10,610.9 million, including the transfer of the 20% of shares of Hellenic Telecommunications Organization (€2,548.7 mill.) from Marfin Investment Group to Deutsche Telekom.
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DIFX Welcomes Listing Of Damas In $270.6 Million IPO By Leading Jewellery Retailer
Date 08/07/2008
The Dubai International Financial Exchange (DIFX) welcomed the listing today of the ordinary shares of Damas International Ltd., the international jewellery retailer, following its initial public offering (IPO).
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