The CFTC begins the process of creating rules for high-frequency trading. Hopefully, a working definition of “high-frequency trading” will precede those rules. DB-NYSE Euronext send a sharp letter to European regulators, asserting that Joaquín Almunia’s recent comments are out of step with the legal case for their merger. Ratings agencies say that MF Global gave them a big thumbs-up self-assessment just days before the company exploded. France harvests negative predictions and opinions regarding its current plan to establish a transaction tax. And in banking news, the sector is awash in news about bonuses, how little they are compared to days of old, and at the same time how undeserved they seem to be.
Observations – Statistics – Commentary
A Modest Proposal For A Better Way For Regulators To Track U.S. Futures Customer Segregated Funds
John Needham
John Lothian has created a website where he is asking for users/registrants to add ideas for ways that the U.S. futures industry can recover from the collapse of future commission merchant (FCM) MF Global following the disclosure that hundreds of millions, possibly as much as $1.2 billion, of Customer Segregated Funds is “missing” from MF Global’s bank accounts. [...] John Lothian is asking for interested parties to offer ideas on how the U.S. futures industry can move forward after the apparent “disappearance” of millions of dollars of client funds. One of the ideas that was proposed was that missing client money should be restored immediately. That Suggestion Is Here. The original post was this:
“The number one priority: make customers whole… The number one priority to restore customer confidence should be to make the customers whole. Agree or disagree? No specific mechanism for making them whole is suggested here.
I concur with this idea and added the following comment:
I completely agree that the top priority is to make customers whole. I have had this argument with others and I do not buy into the “Slippery Slope” argument. I do not buy into the notion, though, that CME should make all the customers whole. Why not ICE, OCC, MGE, KCBOT too?
For the rest of the detailed (though modest) proposal, visit Needham Consulting’s site at http://jlne.ws/wjpkbQ
**** John Needham has published his ideal for FuturesCrowd.com on his blog, as well as posting the idea to our site.
++++
Wall Street loosens ties with CME rival ELX
Ann Saphir – Reuters
The Wall Street powerhouses that founded ELX Futures LP to combat CME Group Inc ‘s virtual monopoly in Treasury futures are cutting their ownership stakes in the tiny exchange, where trading volumes were battered by last fall’s failure of MF Global Holdings. “We’re working on a new capital structure for ELX,” its new chief executive, Rich Jaycobs, told Reuters on Monday, in his first public interview since taking the job on Jan 20.
http://jlne.ws/wiAa2Q
**** Casual capital, loosened ties.
++++
ICE to combine margins for CDS clearing
By Telis Demos in New York – Financial Times
The IntercontinentalExchange will begin allowing banks to combine the margin used to clear trades in single-name and indices of credit default swaps, but is still waiting on regulatory approval to allow banks’ customers to do so.
http://jlne.ws/xRDaUG
**** Is there a paper about how this works? Stress testing?
++++
ICE Brent Crude Benchmark Reaches Open Interest of One Million Contracts
Press Release
LONDON, Jan. 30, 2012 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that the benchmark ICE Brent Crude futures contract reached a new record open interest level of 1,001,286 contracts on 26 January, 2012.
http://jlne.ws/zVh6os
**** Yes, but how many barrels of oil is that?
++++
MF Global and the lie about safe accounts
David Weidner – MarketWatch
NEW YORK (MarketWatch) — It’s three months past bankruptcy. Do you know where your MF Global Holdings Ltd. money is? Neither does the firm. But for everyone who doesn’t have an MF Global account, can you really be sure that the brokerage account at your “safer,” more “stable” firm is any more secure? That’s the question many investors are, or should, be asking themselves after the revelation Monday that investigators fear most of the $1.2 billion in missing customer funds has disappeared from MF Global and its relationship accounts.
http://jlne.ws/ACUi05
**** If Mr. Weidner understood what SIPC did and did not do better, I would give this commentary more weight.
++++
Nasdaq OMX makes clearing house pledge
By Philip Stafford in London – Financial Times
Nasdaq OMX has moved to reassure investors trading on its exchange in Europe that their funds cannot be touched by administrators in the event of a broker default.
http://jlne.ws/zHFiIN
**** “I, state your name, promise to clear all trades, for better or worse, till….”
++++
Three Chicago companies give back $34 million in tax breaks
By Hal Dardick – Chicago Tribune
Three Chicago firms, including one that secured a major state tax break with Mayor Rahm Emanuel’s support, are giving back $34 million in taxpayer funds, administration officials said Monday. CME Group, the financial exchanges giant that will save tens of millions of dollars a year because of the new state income tax break, is not accepting $15 million in special taxing district funds it was expected to receive.
http://jlne.ws/wVoaH8
**** Whoever is the person who persuaded the CME Group this was the right move should be applauded. This is a very smart strategic and public relations move.
++++
Banks must reclaim their proper role
By Paul Tucker – Financial Times
Amid all the debates about reforming the global financial system, the two most important challenges are clear. The first is to return banking to its rightful place in a market economy. Banking should not depend on a safety net from taxpayers. Those who most espouse the disciplines of capitalism – bankers and financiers – should live by them. The second challenge is to take a much broader view of global finance than in the past.
http://jlne.ws/xkT7vu
++++
Forget the big bonuses; a pay squeeze is coming
By Gillian Tett – Financial Times
Say the words “banker pay” to your average voter or politician and these days you will hear an angry hiss. [...] However, is it possible to imagine a world where banking pay – and banking – is radically slimmed down? Anybody living in countries such as Japan or Sweden would undoubtedly say “yes”; in those economies, foreign financiers’ salaries appear bloated. But perhaps a more interesting – and relevant – intellectual exercise is to peer at the US through a long historical lens; to imagine, if you like, a banking pay version of Back to the Future.
http://jlne.ws/zp9Ak5
++++
Super Bowl for Entrepreneurs
Clarke Camper – NYSE Euronext
On Super Bowl Sunday, Tom Brady and Eli Manning won’t be the only stars on display. The Kauffman Foundation will air its first ever Super Bowl ad to celebrate the “star athletes of the economy” – America’s entrepreneurs.
http://jlne.ws/ymgmz8
++++
MarketsWiki Page of the Day
Adair Turner
http://jlne.ws/xFC9kC
++++
MarketsWiki Recent Updates
People
Nils-Robert Persson; Mike Glista; Mark Fischer; Steven Luebbering; Lawrence H. Summers; Adair Turner; Thomas Montag; Christian Meissner; Paul Donofrio; Michael Rubinoff; John J. Lothian
Companies, Organizations and Groups
Symphono; IntercontinentalExchange Inc.; Cinnober Financial Technology; CQG; Interactive Brokers Group, Inc.; Timber Hill
Statistics
18,882,607 pages viewed, 6,671 articles, 136,160 edits
MarketsWiki Statistics
_______________________________________________________
Lead Stories
CFTC Weighs Rules for High-Frequency Derivatives Trading Under Dodd-Frank
Bloomberg
The U.S. Commodity Futures Trading Commission, which is working to complete Dodd-Frank Act rules for derivatives markets, is weighing new rules and oversight of companies that use automated and high-frequency trading systems.
http://jlne.ws/wx7Fpp
D Börse and NYSE challenge block to merger
By Alex Barker in Brussels – Financial Times
Deutsche Börse and NYSE Euronext are calling on Europe’s top competition regulator to clarify a “wholly misconceived” justification for blocking their proposed merger to create the world’s largest exchange. In a strongly-worded draft letter seen by the Financial Times, the exchanges argue that recent comments by Joaquín Almunia, the European Union’s competition commissioner, contradict the official legal case against the merger.
http://jlne.ws/ywyP2U
MF Global Told S&P ‘Never Been Stronger’ as Failure Loomed
BusinessWeek
A week before MF Global Holdings Ltd. collapsed, its chief financial officer told Standard & Poor’s in an e-mail that the futures broker had “never been stronger.”
http://jlne.ws/yTlLBw
Moody’s: MF Bet Was Surprise to It
BY JEANNETTE NEUMANN AND AARON LUCCHETTI – WSJ
Moody’s Investors Service told a congressional subcommittee that the ratings firm didn’t know about MF Global Holdings Ltd.’s huge bets on European sovereign bonds until three days before the downgrade that helped push the company into bankruptcy.
http://jlne.ws/Ar14r9
France pulls punch on financial tax
By Hugh Carnegy in Paris – Financial Times
The financial transaction tax announced by President Nicolas Sarkozy and due to be introduced in France in August falls well short of the scope of a Europe-wide levy proposed by the European Commission and vigorously backed by Paris.
http://jlne.ws/znma2h
Sarkozy Transaction Tax May Drive Investors From French Stocks
BusinessWeek
The French stock market, Europe’s second-biggest by value, may fall out of favor with investors after President Nicolas Sarkozy unveiled plans to unilaterally impose a 0.1 percent tax on financial transactions.
http://jlne.ws/y28Q0i
Banks set to double crisis loans from ECB
By Patrick Jenkins and David Oakley in London and Ralph Atkins in Frankfurt – Financial Times
European banks are preparing to tap the European Central Bank’s emergency funding scheme for up to twice as much as the ECB supplied in its debut E489bn auction last month, providing further evidence of the sector’s liquidity squeeze.
http://jlne.ws/xkGh0J
Environmental Trading News
Sixteen Concerned Scientists: No Need to Panic About Global Warming
WSJ.com
The following has been signed by the 16 scientists listed at the end of the article
http://jlne.ws/y3aBms
Scientists Challenging Climate Science Appear to Flunk Climate Economics
NYTimes.com
A op-ed article signed by 16 scientists rejecting the need for “drastic action to decarbonize the world’s economy,” published Friday by the editorial page of The Wall Street Journal, has been widely and thoroughly fact-checked and challenged elsewhere.”
http://jlne.ws/xbHRyq
Dismal Science at the Wall Street Journal
Union of Concerned Scientists blog
The Wall Street Journal today published an opinion piece from 16 scientists urging candidates for public office to ignore the looming threat of climate change. While it’s entirely appropriate for scientists, like all citizens, to voice their personal opinions on public policy, the op-ed repeated a number of deeply misleading claims about climate science.
http://jlne.ws/wuPVl8
Remarkable Editorial Bias on Climate Science at the Wall Street Journal
Peter Gleick of National Academy of Sciences in Forbes blog
Serious doubt has been cast on the actual expertise on climate science of the signers and on the accuracy of the content, here and elsewhere, and the strawman arguments and technical flaws of their opinion piece are evident to anyone actually versed in the scientific debate.
http://jlne.ws/yW5Gxe
For more environmental trading news, subscribe to the Environmental Markets version of the John Lothian Newsletter edited by Jim Kharouf.
Visit http://www.jlnenvironmental.com to subscribe.
Exchange & ECN News
ICE to Begin Portfolio Margining for Bank Credit Swap Trades
By Matthew Leising – Bloomberg
Jan. 30 (Bloomberg) — Intercontinental Exchange Inc., owner of the world’s largest credit-default swaps clearinghouse, said it received approval to lower its bank members’ cost to guarantee their proprietary positions.
http://jlne.ws/yWx7nI
D. Boerse regulator says has concerns over NYSE deal
Reuters via Yahoo! News
WIESBADEN, Germany (Reuters) – Deutsche Boerse’s home regulator, the Hessian Minister of Economics, said the German exchange operator has failed to address concerns about the proposed takeover of NYSE Euronext , throwing up another hurdle to the deal. “We made it clear in discussions in November that we have legal reservations about the deal,” Dieter Posch told reporters on Monday.
http://jlne.ws/ynjHHx
EBRD takes stake in merged Russian bourse
By Courtney Weaver in Moscow – Financial Times
The European Bank for Reconstruction and Development and the Russian Direct Investment Fund have taken stakes in Moscow’s main exchange, in a bid to make Moscow more attractive for both local companies and foreign investors.
http://jlne.ws/y6JnzQ
IPO indicator signals slight recovery on the primary market
Press Release
Deutsche Börse published the IPO sentiment indicator forecasting issue activity for the 1st quarter of 2012 on Monday. The primary market indicator rose from 27.97 to 29.23 points over the past three months. This is the first increase after a downturn of three consecutive quarters.
http://jlne.ws/wUegmN
Highly Accomplished NZer Returns To Take NZX Helm
Press Release
http://jlne.ws/xPJUXx
BM&FBOVESPA S.A. 4Q11 Earnings Release Schedule
Press Release
http://jlne.ws/wXj9h2
[CBOE] Monthly “Fair Value” Settlement of CME Stock Index Futures and Options
http://jlne.ws/Ai0CZg
[CBOE] Close-Out Requirements Under Rule 204 of Regulation SHO
http://jlne.ws/yoPFSK
[CBOE] Product Description, Margin and Net Capital Requirements – Options on the CBOE Emerging Markets ETF Volatility Index
http://jlne.ws/zqcERR
[CBOE] AIM AON Solicitation De-Activation in Certain Products
http://jlne.ws/ySHEK6
TSX Venture Exchange Daily Bulletins
CNW Group via Yahoo! Finance
http://jlne.ws/zV4zFm
SIX Exfeed and Derivative Partners intensify cooperation on structured products data
http://jlne.ws/AusC7q
MICEX-RTS Indices Monthly Review
Press Release
http://jlne.ws/wMBMcr
Banks, Brokers & Dark Pools
E-Trade names Frank Petrilli as new chairman
Market Watch
E*Trade Financial Corp. ETFC said Frank J. Petrilli was named its new chairman, replacing Chief Executive Steven Freiberg, who held the role on an interim basis. The online brokerage’s last permanent chairman was Robert Druskin, a former Citigroup Inc. C executive who left E*Trade in May to become chairman of the Depository Trust & Clearing Corp.
http://jlne.ws/wpT2hU
Citigroup’s Coutts Said to Depart as Co-Chief of France Unit
BusinessWeek
Citigroup Inc.’s co-chief country officer and head of corporate and investment banking for France, Eric Coutts, left the company as the lender reduces staff, according to a person with knowledge of the matter.
http://jlne.ws/z6zvKw
Citigroup Said to Cut Bonuses in Investment Bank By About 30%
BusinessWeek
Citigroup Inc., the third-biggest U.S. lender by assets, cut 2011 bonuses in its investment banking division by about 30 percent on average amid slumping revenue, according to a person briefed on the matter.
http://jlne.ws/yvTA5x
Santander annual profit falls 35%
By Victor Mallet in Madrid – Financial Times
Net profit at Spain’s Santander, the eurozone’s biggest bank by market capitalisation, fell 35 per cent last year to E5.35bn from E8.18bn in 2010 as the Spanish property market collapse and the eurozone debt crisis continued to erode earnings.
http://jlne.ws/AvZIvM
RBS in talks to revise bonus system
By George Parker, Megan Murphy and Jim Pickard – Financial Times
Royal Bank of Scotland is scrambling to overhaul its pay systems to head off a repeat of its executive pay fiasco, which saw Stephen Hester, chief executive, forced to give up a £1m bonus after 10 days of political and media criticism.
http://jlne.ws/AbRpmC
DealBook Column: Volcker Rule Stirs Up Opposition Overseas — DealBook
New York Times
At the World Economic Forum, Wall Street’s top bankers discovered that foreign governments are fighting to end the so-called Volcker Rule.
http://jlne.ws/zu4BiQ
UBS May Purchase Brazilian Lender as Banking License Stalls
BusinessWeek
UBS AG, which sold its Brazilian lending unit in 2009, may purchase another as it steps up efforts to restart an investment-banking business in the country, a person familiar with the company’s plans said.
http://jlne.ws/xz2ls4
Meet The New Head of BofA’s Investment Bank: Christian Meissner
Wall Street Journal Blogs
Bank of America Merrill Lynch named Christian Meissner as head of the investment banking operations on Sunday, WSJ reports. Heres a recap of some of Meissners career.
http://jlne.ws/zO0dJw
Commerzbank Chief Defends Not Paying Past Bonuses
By JULIA WERDIGIER
LONDON — Martin Blessing, the chief executive of Commerzbank, said on Monday that he thought he had acted “honorably” when the bank decided not to pay 2008 bonuses to 104 investment bankers.
http://jlne.ws/wNnwoV
Regulatory News
The SEC News Digest
The SEC News Digest provides daily information on recent Commission actions, including enforcement proceedings, rule filings, policy statements, and upcoming Commission meetings.
http://www.sec.gov/news/digest/2012/dig013112.htm
FSA warns on Mifid review proposals
By Philip Stafford – Financial Times
Proposed European Union legislation to create a new type of trading venue could lead to “a significant withdrawal of liquidity” from the region’s largest off-exchange derivatives market, the UK regulator has warned.
http://jlne.ws/zmCHpw
Complex funds still an issue, says Esma
By Chris Flood – Financial Times
Europe’s main financial regulator still believes some European cross-border funds are too complex to be sold without advice to retail investors, despite not tackling the issue in draft guidelines published on Monday.
http://jlne.ws/AsRRtx
Regulators dither over who-sees-what derivatives question
Michelle Price – Financial News
It could take another six months before the industry gets clarity on the thorny issue of over-the-counter derivatives data-sharing, after the latest regulatory guidelines left this issue unanswered.
http://jlne.ws/xEvxi9
SEC Charges Former Executives and Accountants With Fraud at British Subsidiary of Medical Devices Company
Press Release
Washington, D.C., Jan. 30, 2012 – The Securities and Exchange Commission today charged four former senior executives and accountants at the British subsidiary of an Indiana-based manufacturer of medical devices and aerospace products for their roles in an accounting fraud that was so pervasive that it distorted the financial statements of the parent company.
http://jlne.ws/yEy45j
NFA News,Facts,Actions – Winter 2012
In this issue:
Compliance Activity related to MF Global
FORTRESS Brings Greater Transparency to Opaque Forex Markets
NFA Assists FBI in Catching White Collar Criminals
Board Actions
News Briefs
http://jlne.ws/9A3hzd
NFA publishes interpretive notice on slippage
International Business Times
The CFTC has approved an NFA interpretive notice to NFA Compliance Rule 2-36: Requirements for Forex Transaction. The notice was originally written in response to an uptick in the number of disciplinary actions taken against Forex Dealer Members for failure to observe high standards of commercial honor and just and equitable principals of trade in the conduct of their forex business.
http://jlne.ws/x4GQEu
FSA bans and fines former JC Flowers UK CEO Ravi Sinha £2.86m for fraudulent invoicing scheme
Press Release
The Financial Services Authority (FSA) has today fined Ravi Shankar Sinha £2.867 million for fraudulently obtaining £1.367 million for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme.
http://jlne.ws/w2Z75g
Hong Kong’s Tiger Court Fight Tests Regulator’s Offshore Reach
BusinessWeek
Hong Kong’s securities watchdog is fighting to defend the way it tackles offshore targets after losing the first round of its insider trading case against hedge fund firm Tiger Asia Management LLC.
http://jlne.ws/xiE1fZ
FSA’s Sants To Be Quizzed Ahead Of New Job, After RBS Hearing
FOX Business
The Financial Services Authority’s chief executive Hector Sants will be questioned further by the U.K. Parliament’s Treasury Committee before taking up his position as head of a new banking supervisory body, following evidence he gave to the committee earlier Monday on the FSA’s report into the collapse of Royal Bank of Scotland PLC (RBS).
http://jlne.ws/Ah407g
UK’s Financial Services Authority Announces A New Investment Banking Senior Advisor
Press Release
The Financial Services Authority (FSA) today announced the appointment of Will Samuel to the role of investment banking senior advisor.
http://jlne.ws/xVTRON
Statement For The Treasury Borrowing Advisory Committee Of The Securities Industry And Financial Markets Association – Janice Eberly, U.S. Treasury Assistant Secretary for Economic Policy
Press Release
http://jlne.ws/xQrKIa
FSB Completes Peer Review Of Canada
Press Release
http://jlne.ws/wa6YO2
ASIC reports on relief decisions – June to September 2011
http://jlne.ws/wS7muY
Summer School early bird discount period extended
http://jlne.ws/zvsI4k
Bill Singer’s 2011 Wall Street Regulatory Hall of Shame
Forbes
http://jlne.ws/xLjm1P
So Why Hasn’t SEC Enforcement Chief Robert Khuzami Resigned? SEC Only Now Investigating CDOs Created on His Watch at …
Naked Capitalism
I’d heard from German speaking readers about the Der Spiegel report of an SEC investigation in its German edition over the weekend and they’ve now released it in their English language version. Der Spiegel is careful about its sourcing, so readers should take this account seriously.
http://jlne.ws/zxZ6JD
Investments – Indexes – Managed Futures – Managed Funds
Strong Operating Performance For Euroclear In 2011
Press Release
Euroclear clients settled transactions valued at a record EUR 580 trillion and deposited an unprecedented EUR 22 trillion of assets for safekeeping and asset servicing with the Euroclear group national and international central securities depositories in 2011.
http://jlne.ws/y8SPyU
Automated Trader’s Annual Survey Reveals Massive Growth In Trade Automation – Hedge Funds To Hugely Outpace Traditional Buyside Firms
Press Release
http://jlne.ws/wAf9tj
Hope and a Hedge for Invesco
Forbes
For a taste of the internal conflict roiling the asset management industry, look no further than the latest earnings report from Invesco.
http://jlne.ws/AAlmT2
Hedge Fund BlueCrest to Float Off BlueTrend Unit
CNBC
Hedge fund BlueCrest Capital Management is planning to list its BlueTrend division on the London stock market, as part of plans to develop its business further and attract new investors.
http://jlne.ws/Av9jhd
DealBook: New Fund Hopes to Prove Thesis of Chris Whalen
New York Times
Christopher Whalen of Tangent Capital Partners says the strongest banks are the ones without exposure to Wall Street, and he is setting up a fund focused on small and midsized banks.
http://jlne.ws/ydjkSL
WisdomTree Announces Fourth Quarter and Year End 2011 Results
GlobeNewswire via Yahoo! Finance
Record $3.9 billion of net inflows and 57% growth in revenues for 2011
http://jlne.ws/wm01sg
Equinox Selects BNP Paribas for Fund Administration in the United States
Marketwire
http://jlne.ws/A7Zpei
Knight Announces Astor Long/Short ETF Mutual Fund Added to Paychex 401(k) Platform
PR Newswire via Yahoo! Finance
http://jlne.ws/AdicZD
CalPERS Names Stacie Sormano Chief Of Retirement Research And Planning Division
Press Release
http://jlne.ws/zBGvNR
RBC Global Asset Management Inc. launches three new funds with the global institutional capabilities of its group of companies
CNW Group via Yahoo! Finance
http://jlne.ws/wsJemm
BMO Investments Inc. Announces Portfolio Management Changes
Marketwire via Yahoo! Finance
http://jlne.ws/xjPWja
Did Hedge Funds Trigger the Financial Crisis?
CNBC
Hedge funds have mostly been exonerated in the typical narrative of the financial crises, which concentrates blame on some combination of mortgage lenders, investment banks and government agencies.
http://jlne.ws/x5GP2j
EDHEC-Risk Institute Welcomes Conclusions Of ESMA Consultation Paper On ETFs And UCITS Issues
Press Release
http://jlne.ws/y9APvw
New SPDR equity index ETF launched on Xetra
http://jlne.ws/AjfVSx
MTS Licenses Amundi ETF For EuroMTS Highest-Rated Government Bond Indices
Press Release
http://jlne.ws/waJ5h6
Standard & Poor’s Announces Changes In The S&P/TSX Canadian Indices
Press Release
http://jlne.ws/yMLTb1
Technology News
SunGard Enhances Stream Fail Monitor for Mortgages and Agency Debt
Press Release
SunGard has enhanced its Stream Fail Monitor solution to help financial services firms comply with the expansion of the Treasury Market Practice Group (TMPG) penalties to apply to mortgages and agency debt fails.
http://jlne.ws/xo1izX
Omgeo Announces Further Momentum on Central Matching
Press Release
New York/Boston/London/Hong Kong — 30 January, 2012 — Omgeo, the global standard for post-trade efficiency, today announced a 38 percent year-on-year increase in the number of investment managers and broker/dealers using Omgeo Central Trade ManagerSM (Omgeo CTM), its strategic platform for the central matching of cross-border and non-U.S. domestic equity and fixed income transactions.
http://jlne.ws/w48AiZ
b-next Selects StreamBase CEP For CMC:Suite To Enable Millisecond Market Surveillance In Response To Global Regulatory Pressure
Press Release
http://jlne.ws/Ad6J6q
QuantHouse Extends Sub-Millisecond Access To Hotspot FX
Press Release
http://jlne.ws/z1Gs3I
Myricom Adds Design Win for High Frequency Trading with Wall Street Software and Infrastructure Specialist, Trading Physics
Business Wire via Yahoo! Finance
http://jlne.ws/xigIbe
Reports
Briefing.com Economic Calendar
http://www.briefing.com/Investor/Public/MarketAnalysis/Calendars/EconomicCalendar.htm
USDA Today
http://www.nass.usda.gov/Publications/index.asp
CBOE Events Calendar
http://www.cboe.com/AboutCBOE/EventCalendar.aspx
Economic Release Calendar
The Economic Release Calendar (PDF) is a schedule of government, academic and industry economic releases, provided as a service to CME customers.
http://www.cmegroup.com/tools-information/calendars/
Asia-Pacific News
Tokyo Stock Exchange’s Comments On Interim Proposal Concerning Revision Of Companies Act
Press Release
Tokyo Stock Exchange, Inc. (“TSE”) hereby announces that we submitted our comments on the Interim Proposal and its Supplementary Explanations released by Companies Act Subcommittee of the Legislative Council of the Ministry of Justice on Dec. 14, 2011.
http://jlne.ws/zTnvbo
HKEx: Report On Initial Public Offering Applications, Delisting And Suspensions
Press Release
As at 31 January 2012
http://jlne.ws/z3vYMq
TOCOM To Change “Top 10 Volume by Member” report
Press Release
http://jlne.ws/x6HpYt
New liquidity commissioned for SGX FTSE China A50 Futures
Press Release
As the Asian Gateway, Singapore Exchange (SGX) provides portfolio products that enable investors to access to ups and downs of China growth. Indices that represent the corporate economy of China can be traded on SGX through Exchange Traded Funds (ETFs) and a futures contract on the FTSE China A50 Index.
http://jlne.ws/wahteD
Tokyo Stock Exchange Publishes The Index Value Of TSE Home Price Index For November
Press Release
http://jlne.ws/xtaS7U
Zhengzhou Commodity Exchange Released Detailed Rules And Regulations On Wheat Future Contracts And Its Associated Business
Press Release
http://jlne.ws/zUXHpN
4 Shanghai Stock Exchange Memos To Regulate Listed Firms’ Annual Report Disclosure
Press Release
http://jlne.ws/zrEwdc
Tokyo Grain Exchange Maximum Rate For Additional Discharging Ports Charge
Press Release
http://jlne.ws/wF4Thg
Hong Kong’s Securities and Futures Commission: Futures Trader Tsoi Bun Convicted Of Price Rigging After Retrial
Press Release
http://jlne.ws/yIPrL7
Frontier Markets
Old Mutual, Sanlam in talks for JPMorgan unit
Reuters via Yahoo! News
JOHANNESBURG (Reuters) – Insurers Old Mutual and Sanlam are in talks to set up a joint venture to buy JPMorgan’s South African fund administration unit, a senior Sanlam executive said on Tuesday. The deal would give Sanlam and London-based Old Mutual control of the back-office unit that administers investments for fund managers, said Kobus Moller, Sanlam’s financial director.
http://jlne.ws/wu4s6y
Oman International Bank Selects SunGard’s Ambit Treasury Management, ALM and Credit Solutions
Press Release
Oman International Bank (OIB) has selected SunGard’s Ambit to help integrate treasury operations, reduce operational costs and better manage its cash, liquidity and balance sheet risk.
http://jlne.ws/yOD026
Dow Jones Indexes Named “Best Islamic Index Provider in Malaysia”
Press Release
http://jlne.ws/wAwFpQ
FlexTrade Connects To Dubai Gold & Commodities Exchange (DGCX) – Certified For Private Order, Risk Management & Trading Software
Press Release
http://jlne.ws/yuTSxe
Miscellaneous News
Freddie Mac: A mess, and likely to stay that way
CNN Money
It’s not tough to find critics of Freddie Mac and Fannie Mae on either the right or the left. But there has been little progress made in rehabilitating the mortgage giants.
http://jlne.ws/y1123a
Number of asset-poor Americans rising
By Becky Yerak, Chicago Tribune reporter
27 percent of households do not have enough money tucked away to cover three months of basic expenses
http://jlne.ws/AztqUO
Corzine Is Seeking $2.9 Million for Hoboken Penthouse
By MICHAEL J. DE LA MERCED – NY Times
Nearly three months after MF Global filed for bankruptcy protection, many questions still surround the failed brokerage firm. Not among them, however, is what it will cost to live in the penthouse of its former chief executive.
http://jlne.ws/ApArLW
