News Centre

New Zealand's Financial Markets Authority Offices Closed Over The Holidays

Date 20/12/2017

FMA's offices will be closed from 5pm on Friday 22 December and will reopen on Monday 8 January. 

CFTC Revokes FBOT Registration Upon Request Of CME Europe

Date 19/12/2017

The Commodity Futures Trading Commission (CFTC) on December 15, 2017 issued an order revoking the foreign board of trade (FBOT) registration of CME Europe Limited (CMEEL). Such registration permits an FBOT to allow identified members or other participants located in the United States to enter trades directly into the trade matching system of the FBOT.

US Agencies Announce Joint Determinations For Living Wills

Date 19/12/2017

Reflecting the significant progress made in recent years, the Federal Deposit Insurance Corporation and the Federal Reserve Board on Tuesday announced that the resolution plans of the eight largest and most complex domestic banking organizations did not have "deficiencies," which are weaknesses severe enough to trigger a resubmission process that could result in more stringent requirements.

SEC: Broker Charged With Giving Special Access To IPOs For Cash Kickbacks

Date 19/12/2017

The Securities and Exchange Commission today charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative IPOs, enabling them to reap major trading profits in the secondary markets.

Overstock.com Blockchain Subsidiary tZERO Security Token Sale Launches - Over $100 Million Committed In Presale’s First 12 Hours

Date 19/12/2017

Overstock.com (NASDAQ: OSTK) subsidiary tZERO’s highly anticipated token sale opened for subscription on Dec. 18, and attracted overwhelming cryptocurrency and traditional institutional interest. Over $100 million USD in commitments from investors were received in the first 12 hours. In just weeks since announcing the first-of-its-kind preferred equity security token, over 10,000 subscribers have registered for accreditation verification through Saftlaunch.com. 

FINRA Fines Merrill Lynch $1.4 Million For Supervisory Deficiencies Related To Extended Settlement Transactions

Date 19/12/2017

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Incorporated $1.4 million for failing to establish a reasonable supervisory system and procedures to identify and evaluate extended settlement transactions, and for related rule violations.

November 2017 Equities Liquidity Matrix From TABB Group

Date 19/12/2017

In November 2017, industry average daily volume increased 8 percent month-over-month, to 6.6 billion shares, the highest ADV in five months, as the VIX average close increased month-over-month, from 10.1 to 10.5. Meanwhile, off-exchange market share fell to 37.6% in November 2017, from a seven-year high of 38.8% in October. Every month, TABB Group’s Equities LiquidityMatrix™ provides the industry with metrics from 25 ATS/SDPs, including stock capitalization distribution, block and demi-block % (shares & notional), midpoint %, and inside NBBO %, as well as a breakdown of exchange market share.

Emirates REIT Debuts World’s Largest, Shariah Compliant REIT On Irish Stock Exchange

Date 19/12/2017

Emirates REIT (CEIC) Limited (Emirates REIT), has listed the world's largest, publically listed Shariah-compliant real estate investment trust, with its inaugural US$400 million issuance of 5 year trust certificates on the Main Securities Market (MSM) of the Irish Stock Exchange (ISE).

Strong Equity Trading Performance Makes Vienna Stock Exchange European Outlier In 2017

Date 19/12/2017

• Longest quotation list in the history of the Vienna Stock Exchange; record IPO was eighth-largest in the world
• All-time high in tradable securities and trades executed on the Vienna SE
• Equity turnover increased by 20% yoy
• 80% of equity trading generated by international trading members

UK's Financial Conduct Authority Comment On Outcome Of LSE Extraordinary General Meeting

Date 19/12/2017

Commenting on the outcome of the London Stock Exchange Group's Extraordinary General Meeting, Andrew Bailey, Chief Executive of the Financial Conduct Authority said:

The FCA has a statutory objective to ensure the integrity of the markets it regulates. Todays vote should now lead to an orderly process of succession of the CEO and then the Chair of the LSE as set out by the Board. It is important that everyone supports and contributes positively to that process.