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  • Hedge Funds: What Should Be The Regulatory Response? - Speech By Callum McCarthy, Chairman, UK's Financial Services Authority - SUERF (European Money & Finance Forum) 2006 - Thursday 7 December 2006

    Date 08/12/2006

    Introduction Any commentator addressing the subject of hedge funds should tread carefully. They are an ill defined class (more of that later), which have been held to be responsible for such assorted ills as the exit of the United Kingdom from the ERM in 1992, the South East Asian crisis of 1997, or – most recently – the failure of Deutsche Börse and Euronext to combine to form a Euro-zone exchange that many would have liked to see. One of the most recent th

  • NYMEX Sets Daily Volume Records For Contracts On CME Globex®

    Date 08/12/2006

    The New York Mercantile Exchange, Inc. announced that it set daily volume records yesterday for total futures contracts, crude oil, heating oil, and gold futures on the CME Globex electronic trading platform.

  • New Composition Of The ICEX-15 Index For The Period 1 January 2007 To 30 June 2007

    Date 08/12/2006

    ICEX-15 is comprised of companies listed on the ICEX Main List. Between twelve and fifteen of these companies are selected for inclusion following specific rules. The index is reviewed twice annually, with changes taking effect 1 January and 1 July each year.

  • NYBOT Statement On Permit Holder Complaint

    Date 08/12/2006

    While the New York Board of Trade® (NYBOT®) cannot comment on the specifics of the complaint that has allegedly been filed on behalf of certain NYBOT permit holders, which the exchange has not yet received, we can confirm that NYBOT carefully considered the rights of permit holders throughout the transaction. We note that under exchange bylaws, permit holders do not own equity in the exchange, have no right to vote, and have no right to receive any distributions of cash or property, whether upo

  • Euronext Welcomes MW Tops - Largest Hedge Fund On Euronext In 2006 Raises € 1.5 Billion

    Date 08/12/2006

    MW Tops, a fund managed by Marshall Wace LLP, the largest publicly traded closed-end hedge fund in Europe, was listed today on Euronext Amsterdam, raising €1.5 billion in a substantially oversubscribed placement of Euro, Sterling and Dollar denominated shares. The placement attracted widespread interest from institutional and private investors from Europe, the Middle East and Asia. In addition, further shares (up to an amount equal to 15% of the placement) may be issued to cover overallotment