Institutional investors around the world would support new regulations on high-frequency trading, but much of this support appears centered on specific practices such as the use of flash orders, a survey by Greenwich has revealed. The survey results show that
Deutsche Börse and Eurex have welcomed the communication issued by the EU Commission which aims to reduce systemic risks in the over-the-counter derivatives market. The communication, entitled “Ensuring Efficient, Safe and Sound Derivatives Markets: Future Policy Actions“, seeks to increase
Brett Tony Best of Middle Park, Brisbane, has been sentenced to 13 years imprisonment for various charges related to operating an unregistered managed investment scheme while director of Arafura Equities. This follows Best being remanded in custody on 11 May
The Commodity Futures Trading Commission and the Securities and Exchange Commission have issued a joint report identifying areas where the agencies’ regulatory schemes differ and recommending actions to address those differences, where appropriate. In June, the White House released a
Two exchanges formerly owned by Direct Edge Holdings and since acquired by BATS Global Markets are to pay a USD14 million penalty to settle SEC charges that their rules failed to accurately describe the order types being used on the
The Association of Investment Companies says the proposed Alternative Investment Fund Managers Directive fails to take account of the benefits the investment company structure provides for shareholders. In its written evidence to the House of Lords European Union Committee inquiry
The United States Court of Appeals for the Federal Circuit has ruled in favour of the Chicago Board Options Exchange (CBOE) in a seven-year-old patent litigation with the International Securities Exchange (ISE). ISE had claimed that CBOE's Hybrid system infringed
The Alternative Investment Management Association has signalled a new phase of engagement with European policymakers on the European Commission’s draft Directive on Alternative Investment Fund Managers. Andrew Baker (pictured), chief executive of Aima, says: “There is now a broad consensus
The US Commodity Futures Trading Commission has issued a notice of intent to undertake a determination whether 17 contracts offered for trading on the IntercontinentalExchange perform significant price discovery functions. The contracts are: PB&E Citygate Financial Basis; Waha Financial Basis;
Tim Thornton, Chief Data Officer at Mitsubishi UFJ Fund Services, comments on the December 31 FATCA deadline… 31 December sees the deadline for completing due diligence on pre-existing accounts which are prima facie foreign financial institutions (FFIs), depending on the effective
