News Centre

Haitong International Goes Live With 2nd Phase Of GBST’s Syn~TAC Middle-Office Solution

Date 11/05/2016

GBST Holdings Limited (ASX: GBT), “GBST”, a global provider of securities transaction and fund administration software for the financial services industry, announces the next phase of its Syn~ capital markets platform implementation at Haitong International Securities Group Limited (“Haitong International”, Stock Code: 665.HK) has successfully gone live. 

Monthly Summary Bulgarian Stock Exchange-Sofia April 2016

Date 11/05/2016

Click here to download the statistics for the market performance of the Bulgarian Stock Exchange in April, 2016.

HKEX 2016 First Quarter Results

Date 11/05/2016

Key messages

• Revenue in Q1 2016 was slightly lower than the equivalent three months ended 31 March 2015 (Q1 2015), which benefited from an exceptional gain on sale of the Group’s investment in LCH.Clearnet Group Limited. The significant drivers of the Group’s revenue during the quarter were: 

1. Subdued activity on the Cash Market in Hong Kong and Commodities Market in the United Kingdom (UK). These returned to levels similar to the fourth quarter of 2015 which were 16 per cent and 9 per cent respectively below Q1 2015. 
2. Significantly increased trading of derivatives contracts on the Hong Kong Futures Exchange Limited, at levels that were higher than both the previous quarter and Q1 2015. 

• Operating expenses increased by 19 per cent against Q1 2015 primarily reflecting the cost of additional headcount and higher legal and professional fees incurred to support strategic initiatives in Q1 2016. However, the comparison of operating expenses with the prior year is distorted by a one-off recovery of $77 million from the liquidators of Lehman Brothers Securities Asia Limited (Lehman) which reduced the Q1 2015 operating expenses. Excluding this recovery, operating expenses rose by 7 per cent. 
• The EBITDA margin of 69 per cent was 5 per cent lower than Q1 2015 and 6 per cent lower than the 75 per cent achieved for the year ended 31 December 2015. 
• Profit attributable to shareholders decreased by 9 per cent to $1,432 million in line with EBITDA. 1 The subsidiaries include The Stock Exchange of Hong Kong Limited (SEHK or the Stock Exchange), Hong Kong Futures

Japan's Financial Services Agency: The First Meeting Of The Panel Of Experts On FinTech Start-ups

Date 11/05/2016

The Panel of Experts on FinTech Start-ups will hold its first meeting on May 16th, 2016 as follows.

The meeting is open to the public. Please note that the seats for the public are limited and available on first-come-first-served basis. If you wish to audit the panel, please pre-register by following the instructions below. We appreciate your understanding.

Tokyo Commodity Exchange Celebrates First Anniversary Of Gold Rolling Spot Contract

Date 11/05/2016

The Tokyo Commodity Exchange, Inc. released today the comments made by Takamichi Hamada, President & CEO, commemorating the first anniversary of the Gold Rolling Spot contract.

Nasdaq Announces End-Of-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date April 29, 2016

Date 11/05/2016

At the end of the settlement date of April 29, 2016, short interest in 2,313 Nasdaq Global MarketSM securities totaled 7,785,833,668  shares compared with 8,009,519,261  shares in  2,305  Global Market issues reported for the prior settlement date of April 15, 2016. The end-of-April short interest represents 4.83 days average daily Nasdaq Global Market share volume for the reporting period, compared with  5.12  days for the prior reporting period.

NYSE, NYSE Arca And NYSE MKT Short Interest Reports

Date 11/05/2016

NYSE today reported short interest as of the close of business on the settlement date of April 29 2016

Statement Of CFTC Chairman Timothy Massad In Support Of The Proposed Amendment To The RTO-ISO Order

Date 10/05/2016

The proposal we have approved today would amend a 2013 CFTC order that exempted specified transactions of six independent system operators (ISOs) and regional transmission organizations (RTOs) from certain provisions of the Commodity Exchange Act (CEA). That order explicitly did not exempt ISOs and RTOs from the general CEA provisions that prohibit fraud and manipulation. If adopted, the proposed amendment would make clear that this exemption does not prohibit private rights of action for violations of the very same anti-fraud and anti-manipulation provisions that are explicitly reserved in the order.

STOXX Announces Results Of Annual Emerging And Developed Markets Classification Review

Date 10/05/2016

STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced the results of the annual Emerging and Developed Markets Country Classificationreview. All changes will become effective at market open on Sep. 19, 2016.

Statement Of Dissent By CFTC Commissioner J. Christopher Giancarlo On The Proposed Amendment To The RTO-ISO Order

Date 10/05/2016

I dissent from the proposed amendment to the final RTO-ISO Order issued by the Commission in 2013.

For over three years, U.S. power market participants have been operating in reliance on the RTO-ISO Order. They have trusted in the reasonable, unambiguous understanding that transactions covered by the Order are exempt from all provisions of the Commodity Exchange Act (“CEA or Act”) except for those specifically enumerated as reserved (the “Reserved Provisions”). They have relied on the plain language of the RTO-ISO Order that “[e]xempts … the execution of [specified] electric energy-related agreements, contracts and transactions … and any person or class of persons offering, entering into, rendering advice or rendering other services with respect thereto, from all provisions of the CEA except, in each case, the Commission’s general anti-fraud and anti-manipulation authority, and scienter-based prohibitions ....”Too bad for them."