News Centre

SEC: Former CEO And CFO Of ITT Barred And Ordered To Pay Penalties

Date 06/07/2018

The Securities and Exchange Commission today announced settlements with two former senior executives of ITT Educational Services Inc., which the SEC charged hid its true financial condition from investors.  This resolution successfully concludes the SEC’s case, which was scheduled to begin trial on July 9.

Federal Reserve Board Issues Statement Describing How, Consistent With Recently Enacted EGRRCPA, The Board Will No Longer Subject Primarily Smaller, Less Complex Banking Organizations To Certain Board Regulations

Date 06/07/2018

Consistent with the recently enacted Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), the Federal Reserve Board on Friday issued a statement describing how the Board will no longer subject primarily smaller, less complex banking organizations to certain Board regulations, including those relating to stress testing and liquidity.

MiFID II: ESMA Issues Latest Double Volume Cap Data

Date 06/07/2018

The European Securities and Markets Authority (ESMA) has updated today its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II).  

Athens Exchange Group: Main Market Stock Liquidity Class Assessment Results, Effective As Of July 09, 2018

Date 06/07/2018

Athens Stock Exchange announces the Main Market stock liquidity class assessment results, effective as of July 09, 2018 (Table 1, Table 2, Table 3).

In accordance to the aforementioned decision the following changes conclude with respect to the previous three-month period:

• Table 4: Main Market Stocks changing trading liquidity class

Nigerian Stock Exchange Stock Market Report For July 6th 2018

Date 06/07/2018

A total turnover of 1.842 billion shares worth N16.594 billion in 18,941 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.004 billion shares valued at N21.582 billion that exchanged hands last week in 18,534 deals.   

Swiss Index Adjustments On The Occasion Of The Ordinary Index Review

Date 06/07/2018

SIX has decided to make changes to the index baskets on the basis of a recommendation from the Index Commission and in compliance with the SMI®, SLI®, SPI® and SXI® index rules. The indices will be adjusted on 21 September 2018 after closing. The adjustment takes effect on 24 September 2018.

BME: QUID PRO QUO ALQUILER SEGURO SOCIMI To Start Trading On MAB In 10 July

Date 06/07/2018

The Board of Directors of MAB has approved the listing of QUID PRO QUO ALQUILER SEGURO SOCIMI, following a thorough review of all the information presented by the company and after the favourable assessment report on its listing issued by MAB’s Coordination and Admission Committee.

French Supervisor AMF Announces New Approach To Identify Falsely Active Funds: Will It Put It To Effective Use?

Date 06/07/2018

BETTER FINANCE welcomes the recent publication by the French capital markets supervisor AMF of its "alternative" method to identify potential closet index funds. As pointed out in several studies by BETTER FINANCE over the last few years, Closet Indexing represents a serious investor protection issue, as confirmed by the recent decision of the UK supervisor – the Financial Conduct Authority (FCA) - to sanction 64 closet index funds and to force their managers to indemnify their investors.

Kleros Partners With MARKET Protocol For Decentralized Derivatives Trading - The Decentralized Arbitration Technology Will Integrate With A Leading Project Decentralizing The Derivatives Market

Date 06/07/2018

Blockchain allows for an entirely new class of trustless trading. These new forms of transaction without central intermediaries bring higher security and lower costs to financial services. For this trend to consolidate and grow, a new legal infrastructure is needed.

HKEX Monthly Market Highlights

Date 06/07/2018

 - Securities Market

• The average daily turnover for the first six months of 2018 was $126.6 billion, an increase of 67 per cent when compared with $76.0 billion for the same period last year.
• The average daily turnover of derivative warrants for the first six months of 2018 was $18.3 billion, an increase of 76 per cent when compared with $10.4 billion for the same period last year.
• The average daily turnover of CBBCs for the first six months of 2018 was $7.8 billion, an increase of 86 per cent when compared with $4.2 billion for the same period last year.
• Total funds raised for the first six months of 2018 was $189.8 billion, an increase of 9 per cent when compared with $174.3 billion for the same period last year.
• There were 108* newly listed companies for the first six months of 2018, an increase of 50 per cent when compared with 72* for the same period last year.