BME’s General Shareholders Meeting, which was held today in Madrid, today approved the annual accounts and proposal for application of the financial result of the year ended on 31 December 2015, the best result of the company since 2008.
read more...Summary Of BME 2016 General Shareholders´ Meeting - Ordinary General Shareholdersâ Meeting Of BME
↧
↧
Mandatory Notification Of Trade - Oslo Børs VPS Holding ASA
Oslo Børs VPS Holding ASA has 28 April bought 15,000 own shares at a price of NOK 91 per share. After this transaction, Oslo Børs VPS Holding holds 17,280 shares in the company.
↧
Euronext Expands ETF Activity To London
Euronext has extended its range of ETF listing and trading venues to London, enabling ETF issuers to access the UK investor base alongside its existing Eurozone trading and distribution network. Further benefits to issuers include competitive pricing, superior European cross listing efficiency and reduced time to market. Lyxor today listed the first two ETFs on Euronext London, the Lyxor UCITS ETF FTSE EPRA/NAREIT Global Developed and the Lyxor UCITS ETF Euro Stoxx Banks .
read more...↧
Workshop On The New BM&FBOVESPA Clearinghouse And Its Margining Methodology
In another venture to develop the financial and capital markets, BM&FBOVESPA will hold the Workshop on The New BM&FBOVESPA Clearinghouse and its Margining Methodology in London (May 9, 2016) and New York (May 11, 2016) from 2:00 p.m. to 6:30 p.m.
read more...↧
TMX Insights Launches Fixed Income Terms & Conditions (FITC) Service
TMX Insights today announced the launch of its Fixed Income Terms & Conditions (FITC) service. This new product was designed to increase transparency and benefit investors, enhance accuracy of valuations for investors in Canadian fixed income securities, and improve the quality and integrity of client databases.
read more...↧
↧
FTSE Russell: New Suite Of US ETF Reference And Analytics Data Available From XTF
FTSE Russell today announced the availability of a new suite of reference and analytics data to help investors research and evaluate the US exchange traded funds (ETF) market. Acquired by the London Stock Exchange Group (LSEG) in December 2015, the XTF business is operated by LSEG’s Information Services Division, which includes FTSE Russell, a global leader in indexes. The XTF products provide comprehensive and objective ETF coverage delivered through data feeds and customized web solutions that are enhanced by LSEG’s technology infrastructure to provide institutional strength security and performance to customers.
read more...↧
Interest Rates: European Parliament Final Vote To Ensure Robust And Transparent Benchmark Setting
Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR), will become more reliable thanks to a new law voted in by Parliament on Thursday. This law aims to clean up the benchmark-setting process, improve transparency, and prevent conflicts of interest like those that led to the LIBOR rigging scandals of recent years.
read more...↧
Canadian Securities Regulators Seek Comment On Proposals To Enhance The Obligations Of Advisers, Dealers And Representatives Toward Their Clients
The Canadian Securities Administrators (CSA) today published for a 120-day comment period CSA Consultation Paper 33-404 Proposals to Enhance the Obligations of Advisers, Dealers and Representatives Toward Their Clients, which proposes regulatory action to improve the client-registrant relationship
read more...↧
BCSC Supports Raising The Standards Of Conduct For Registrants
The British Columbia Securities Commission (BCSC) today announced that it strongly supports taking action to strengthen the client-registrant relationship through a sweeping set of targeted reforms to the obligations that registrants owe to their clients (NI 31-103). Proposed targeted reforms to 31-103 were published for comment today in the CSA’s Consultation Paper 33-404: Proposals to Enhance the Obligations of Advisers, Dealers, and Representatives Toward Their Client (the Consultation Paper).
“All CSA jurisdictions agree that we can do better for investors in their existing client-registrant relationship, and improving investor outcomes is a goal we all share,” said Nigel Cave, Vice-Chair of the BCSC. “Raising the standards of conduct for registrants is clearly in the interests of investors, and we are convinced that the best way to achieve this is to implement the proposed targeted reforms on their own.”
The BCSC believes that the overlay of the proposed best interest standard is not workable in the current regulatory and business environment, and may cause investors to think registrants have an unqualified duty to act in their best interests, not understanding that some conflicts would still be permitted. This may exacerbate one of the investor protection issues identified by the CSA – overreliance by clients on registrants. Implementing only the specific targeted reforms will meaningfully and practically address problems in the client-registrant relationship identified by the CSA, and will provide regulators with the tools necessary to ensure compliance and pursue enforcement action, where necessary.
“We believe the targeted reforms establish clear, practical, and enforceable requirements for registrants to follow and for regulators and courts to enforce, all in a way that will not raise expectations about investor protection that may not be realized,” said Cave. “We have concluded that the proposed targeted reforms, combined with the full realization of the CRM2 and Point of Sale initiatives, will achieve the best outcomes for investors and significantly improve investor protection.”
The Consultation Paper can be found on CSA members’ websites. Comments must be submitted in writing by August 26, 2016.
↧
↧
Testimony Of ISDA CEO Scott O'Malia Before The US House Of Representatives Committee On Agriculture, Subcommittee On Commodity Exchanges, Energy, And Credit
Chairman Scott, Ranking Member Scott and Members of the Subcommittee. Thank you for the opportunity to testify today.
read more...↧
CalPERS Hears Report On The Financial Benefits Of Diversity And Inclusion In The Global Corporate Market - Private Sector Guests Make The Business And Economic Case For Board Diversity
Diverse corporate boards and companies that embrace diversity lead to better financial performance, according to data presented to the California Public Employees' Retirement System's (CalPERS) Investment Committee.
read more...↧
NZX Q1 2016 Revenues And Shareholder Metrics
NZX’s Q1 2016 revenue report released today shows total group revenue grew 9.6% compared to Q1 2015, largely driven by NZX’s funds services business, increased trading activity in the capital markets, and strong growth in the debt market. While market conditions in the agri sector were challenging, total agri revenues were still up 3.5% as a result of increased grain trading activity.
read more...↧
NZX: Ralec Litigation Update
The High Court trial in relation to the Ralec proceedings is due to commence next week. Accordingly NZX is providing the following update in relation to this litigation.
read more...↧
↧
Toronto Stock Exchange Is Requesting Comments On Proposed Rule Amendments - Dividend/Distribution Reinvestment Plans
Toronto Stock Exchange ("TSX") has published for comment proposed amendments to Part VI of the TSX Company Manual (the "Manual"). The proposed amendments will introduce requirements regarding Dividend / Distribution Reinvestment Plans in new Section 617.1 of the Manual as well as certain other ancillary amendments to the Manual. Comments are requested on the proposed amendments by May 28, 2016.
The request for comments is posted on TSX's website at:
↧
Utility maximization problem with random endowment and transaction costs: when wealth may become negative. (arXiv:1604.08224v1 [q-fin.MF])
In this paper we study the utility maximization problem on the terminal wealth with proportional transaction costs and random endowment. Under the assumption of the existence of consistent price systems, which makes the duality approach possible, we consider the duality between the primal utility maximization problem and the dual one, which is set up on the domain of finitely additive measures. In particular, we prove duality results for utility functions supporting possibly negative values. Moreover, we construct the shadow market by the dual optimal process and exhibit the utility based pricing for the random endowment.
↧
SIX Swiss Exchange Ltd Fines Accu Holding AG
The Sanctions Commission of SIX Swiss Exchange has imposed a CHF 100,000 fine on Accu Holding AG for failing to comply with the rules on the listing of equity securities, disclosing management transactions and regular reporting obligations.
read more...↧
LSEG: UnaVista Partners With Kaizen Reporting To Offer Industry Quality Assurance Solution
London Stock Exchange Group announced today that UnaVista, its global regulatory reporting platform, has partnered with leading regulatory reporting testing and compliance firm, Kaizen Reporting. The partnership will give UnaVista clients access to Kaizen Reporting’s ReportShield™ service, which offers quality assurance testing of MiFID transaction reports at a field level, as well as governance training and consultancy.
read more...↧
↧
HKEX Invites Views On Proposed Revision To Stock Option Position Limit Model
Hong Kong Exchanges and Clearing Limited (HKEX) published a consultation paper today (Friday) on a proposed revision of the stock option position limit (SOPL) model for its derivatives market.
read more...↧
Thomson Reuters Signs Women In Finance Charter And Shares Commitments To Building A More Balanced Financial Industry
Thomson Reuters today signed The Women in Finance Charter, a pledge for gender balance across the UK financial services industry. As the first signatory outside the banking sector, Thomson Reuters has committed to working with all financial services firms to see gender parity at all levels, and to build a more balanced and fair industry.
read more...↧
CHAIN-FINANCE To Assess Potential Blockchain Disruption Of Global Insurance Industry
CHAIN-FINANCE, a provider of news, research & events on blockchain technologies for global financial services, today announced that its next "Blockchain in Finance" seminar will assess how blockchain technology might impact the global insurance industry.
read more...↧
More Pages to Explore .....
