News Centre

HKFE Announces Revised Margins For Futures Contracts

Date 14/07/2017

Please be advised that pursuant to Exchange Rule 617(d) and HKCC Rule 402, the Exchange and the Clearing House have determined that with effect from the commencement of trading on Tuesday, 18 July 2017, the margin levels of the following Futures Contract shall be as follows: 

Responsible Investment Forum: Malaysia Pushes SRI Development

Date 14/07/2017

Malaysia, widely acknowledged as being in the forefront of Islamic finance, is taking the lead in promoting the sustainable and responsible investing (SRI) proposition based on its shared values with Islamic finance.

UK's Financial Conduct Authority Fines Compliance Oversight Officer For Pension Transfer Failings

Date 14/07/2017

The Financial Conduct Authority (FCA) has today fined David Watters £75,000 for failing to exercise due skill, care and diligence in his role as compliance oversight officer, firstly at FGS McClure Watters (FGS) and then Lanyon Astor Buller Ltd (LAB).

HKEX: Exchange Publishes Results Of Its Latest Review Of Listed Issuers’ Financial Reports

Date 14/07/2017

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Friday) published a report summarising key findings from its review of 100 periodic financial reports released by listed issuers (issuers) between February 2016 and April 2017.

Nasdaq Stockholm Orders Skandinaviska Enskilda Banken To Pay A Fine Corresponding To One Annual Fee

Date 14/07/2017

The Disciplinary Committee of Nasdaq Stockholm has found that Skandinaviska Enskilda Banken AB (“SEB”) has breached Nasdaq Stockholm’s Rule Book for Issuers (“the Rule Book”) and, accordingly, has ordered SEB to pay a fine of one annual fee, corresponding to an amount of SEK 3,105,000.

Sweden's Finansinspektionen: Decision Regarding The Countercyclical Buffer Rate

Date 14/07/2017

FI decided on 14 July not to change the countercyclical buffer rate. The buffer rate of two per cent, which has applied since 19 March 2017, shall thus continue to apply.

SIX Exchange Regulation Reaches An Agreement With Perfect Holding SA

Date 14/07/2017

SIX Exchange Regulation has reached an agreement with Perfect Holding SA in connection with a breach of the accounting standards (IFRS) in the 2016 interim financial statements. The identified deficiency relates to the translation of goodwill arising from the acquisition of a foreign operation. As part of the agreement, the company has committed itself to correct the error in both the 2017 interim and annual financial statements and to make a payment of CHF 5,000 to the IFRS- Foundation.

SIFMA Testimony At House Subcommittee DOL Fiduciary Rule Hearing

Date 14/07/2017

Today, Jerry Lombard, President of Janney Montgomery Scott LLC's Private Client Group gave the following oral statement on behalf of SIFMA before the House Committee on Financial Services Subcommittee on Capital Markets, Securities, and Investment in a hearing entitled "Impact of the DOL Fiduciary Rule on the Capital Markets," with the full written testimony submitted for the record:   

Chairman Huizenga, Ranking Member Maloney, and distinguished members of the Subcommittee, I am Jerry Lombard, the President of the Private Client Group at Janney Montgomery Scott, LLC.  I greatly appreciate the opportunity to testify today on behalf of the Securities Industry and Financial Markets Association (SIFMA) and share our perspective on the best path forward to establish a best interest standard for the broker dealer industry. We are grateful for this Committee's willingness to consider legislation that would allow the Securities and Exchange Commission (SEC) to establish a best interest standard for broker dealers that would create a high standard of care for retail customers across all accounts. 

FIA June 2017 SEF Tracker

Date 13/07/2017

Cowen’s Westminster Research Associates Named “Greenwich Quality Leader” In Greenwich Associate’s 2017 U.S. Equity Investors Study

Date 13/07/2017

Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Westminster Research Associates was recently named a “Greenwich Quality Leader” in the category of U.S. Equity Commission Management Service & Execution in Greenwich Associates 2017 U.S. Equity Investors’ Study. In addition, Westminster also ranked #1 in “Overall Satisfaction with Client Service” in regards to execution and service performance.  Cowen’s Westminster Research Associates is an industry-leading broker-dealer specializing in providing full-service custodial aggregation solutions and access to an extensive network of independent research to the institutional investment community.