Template:Main Headlines

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BATS and Chi-X Europe extend merger agreement

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U.S.-based exchange operator BATS Global Markets and Chi-X Europe said on Tuesday they had agreed to extend the terms of their proposed tie-up while Britain's competition watchdog completes its review of the deal. (more)

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China secures key IMF role under Lagarde

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Zhu Min, former deputy governor of the Chinese central bank, was on Tuesday appointed to the top management of the International Monetary Fund, a signal of China’s growing power in the global economy. (more)

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ICE announces August 1 launch of 18 new energy contracts
Press Release

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IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 18 new cleared OTC energy contracts for North American power, natural gas liquids (NGLs), natural gas and global oil and refined petroleum products. (more)

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Glitch forces Euronext to halt stock indexes again

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Technical problems plagued NYSE Euronext (Xetra: A0KEPS - news) again on Tuesday, prompting the stock market operator to suspend the dissemination of levels for its key European stock indexes in a heavy-volume session. (more)

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HKEx admits clearing weakness

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Hong Kong’s exchange has admitted that risk management and financial resources at its clearing house are not up to international standards and has proposed reforms to improve its chances of surviving any future financial crisis. (more)

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CFTC’s Chilton says ‘cheetah’ traders must register for business

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U.S. regulators should require that high-frequency and algorithmic traders register with authorities before they enter financial markets, said Bart Chilton, member of the U.S. Commodity Futures Trading Commission. The traders, which Chilton calls “cheetahs”, should be “confined” and subject to testing and a pre-trading accreditation process, Chilton said in a speech prepared for a Washington conference held today by the American Soybean Association. (more)

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SEC issues order raising performance fee rule dollar limit to adjust for inflation
Press Release

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The Securities and Exchange Commission today issued an order that raises, to adjust for inflation, two of the thresholds that determine whether an investment adviser can charge its clients performance fees. The order carries out a requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act. (more)

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Consumer Financial Protection Bureau outlines bank supervision approach
Press Release
The Consumer Financial Protection Bureau (CFPB) today outlined the agency’s approach to supervising large depository institutions to ensure compliance with federal consumer financial protection laws – a supervisory process that will begin on July 21, 2011. (more)

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European Parliament: Ban energy market manipulation, says Energy Committee
Press Release
New rules to prevent abusive practices in the energy wholesale market, and thus protect final consumers all over Europe, were backed by the Industry, Research and Energy Committee on Tuesday. The rules have been agreed with EU Member State representatives, and will be put to a vote by Parliament as a whole in September. (more)

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Pimco reverses course on US government debt

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Bill Gross has reversed course, with the manager of the world’s largest bond fund scaling back bets against the value of US government debt in June as investors sought safety in Treasuries. (more)

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HSBC completes pioneering Rmb transaction

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HSBC today announced the completion of a pioneering Renminbi (RMB) transaction that enabled one of their customers, a commodities trader, to access RMB funds from the Monetary Authority of Singapore's. (more)