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  • Emirates Financial Services Establishes International Investment Banking Arm In The DIFC

    Date 19/07/2006

    Emirates Financial Services PSC (EFS) today announced the establishment of its international investment banking and wealth management arm, Emirates Financial Services International Ltd (“EFS Intl.”), within the Dubai International Financial Centre (DIFC). EFS Intl. will lead and manage investment banking transactions, both regionally and globally, through the DIFC and will also provide a range of corporate finance and advisory services to its expanding international client base.

  • CFTC Announces Resignation Of Commissioner Sharon Brown-Hruska

    Date 19/07/2006

    The Commodity Futures Trading Commission (CFTC) announced today the resignation of Commissioner Sharon Brown-Hruska, effective July 28, 2006. She was first sworn in on August 7, 2002. Commissioner Brown-Hruska was designated by President George W. Bush to serve as Acting Chairman of the Commodity Futures Trading Commission on July 26, 2004, and served as Acting Chairman until July 10, 2005. Dr. Brown-Hruska was confirmed by the Senate on November 21, 2004 for a second term as CFTC Commissioner

  • Apex Fund Services Becomes First Fund Administrator At The DIFC - Expects DIFC To Become A Key Domicile For The Global Funds Industry

    Date 19/07/2006

    Apex Fund Services, one of the world’s fastest growing fund administrators*, today became the first administrator to be given approval by the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC).

  • The Philadelphia Stock Exchange Announces Exercise Of Warrants By Strategic Investors

    Date 18/07/2006

    The Philadelphia Stock Exchange announced today that pursuant to the investments made by Citadel Derivatives Group LLC and Merrill Lynch in June 2005, and Citigroup, Credit Suisse First Boston, Morgan Stanley and UBS in August 2005, each firm has met its specified performance requirement and has exercised in full its respective warrant to acquire additional shares of PHLX. As a result of this exercise, the six strategic investors now hold 89.4% of the total outstanding shares of PHLX.

  • NYMEX To Waive Fees For Gasoline Futures Contracts

    Date 18/07/2006

    The New York Mercantile Exchange, Inc. today approved the following two fee waivers related to the New York Harbor RBOB gasoline (RB) and the New York Harbor gasoline (HU) futures contracts.

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