EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today celebrated the listing ofKerlink, a French company specialising in the Internet of Things (IoT), on Alternext Paris.
read more...The French Tech Company Kerlink Lists On Alternext Paris To Accelerate Growth - â¬10.2 Million Raised - Market Capitalisation â¬37.05 Million
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Thai Alternative Bourseâs Forum Showcases Listed Firms As SMEs Role Model
Market for Alternative Investment (mai) jointly with mai Listed Company Association (maiA), and The Siam Commercial Bank (SCB) will hold "mai FORUM 2016" on July 1, 2016 in Bangkok, a big event where more than 100 mai-listed companies together with their shareholders and investors can meet directly, highlighting mai's role as an alternative fund-raising source for entrepreneurs. In tandem with Thai government’s policy, this event facilitates small and medium-sized enterprises (SMEs) to learn how to grow their business from successful mai-listed firms.
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TSX Is Requesting Comments On Proposed Rule Amendments - Parts IV And VI Of The TSX Company Manual
Toronto Stock Exchange ("TSX") has published for comment proposed amendments to Parts IV and VI of the TSX Company Manual (the "Manual"). The proposed amendments will: (i) introduce website disclosure requirements for TSX listed issuers; and (ii) amend the disclosure requirements regarding security based compensation arrangements in the Manual, in particular by introducing Form 15 - Disclosure of Security Based Compensation Arrangements.
Comments are requested on the proposed amendments by June 27, 2016.
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CFTC Approves Supplement To Position Limits Proposal To Permit Exchanges To Recognize Non-enumerated Bona Fide Hedges
The U.S. Commodity Futures Trading Commission (CFTC) today voted unanimously to issue for public comment a supplement to its December 2013 position limits proposal that will modify the procedures proposed for persons seeking exemptions from speculative position limits for non-enumerated bona fide hedging. Further the proposal would define procedures for recognition of certain anticipatory bona fide hedge positions.
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US Foods Holding Corp. Lists IPO On The New York Stock Exchange - Second U.S. IPO YTD Raising Over $1 Billion In Gross Proceeds To List On The NYSE - US Foods Recreates A Live Restaurant Kitchen At The NYSE And Serves Up Signature Bites From Five Independent Restaurant Customers
US Foods Holding Corp. (US Foods), a leading foodservice distributor in the United States, began trading today on the New York Stock Exchange (NYSE) under the ticker symbol “USFD,” after its initial public offering. US Foods raised $1.02 billion in gross proceeds and is the second U.S. IPO in 2016 to raise over $1 billion in proceeds, following MGM Growth Properties (NYSE: MGP), which listed in April. GTS is the NYSE Designated Market Maker (DMM) for the company’s shares.
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First Phase Of A Global Code Of Conduct For Currency Markets Published
The Foreign Exchange Working Group of the BIS released the first phase of a global code of conduct for wholesale foreign exchange markets and principles for adherence to the new standards. The complete global code and the adherence mechanisms, which aim to promote the integrity and effective functioning of foreign exchange markets, will be released in May 2017.
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CFTC Grants Registration To 3 Swap Execution Facilities
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued Orders of Registration to three Swap Execution Facilities (SEFs), granting them fully registered status with the CFTC.
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CFTC Orders Florida Residents Ted L. Romeo, Richard D. Schrutt, And Their Company Cypress Wealth Management Group, Inc. To Pay Restitution And Civil Monetary Penalties Totaling More Than $530,000 In Precious Metals Enforcement Action - Order Also Permanently Bars Respondents From Trading On CFTC-Regulated Markets
The U.S. Commodity Futures Trading Commission (CFTC) today filed an Order instituting proceedings and settling charges against Respondents Cypress Wealth Management, Inc. (Cypress), and its former owners and operators, Ted L. Romeo of Pompano Beach, Florida, and Richard D. Schrutt of Tampa, Florida. The CFTC Order charged Respondents with illegally offering off-exchange financed transactions in precious metals to retail customers and failing to register with the CFTC as a Futures Commission Merchant (FCM), as required.
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SIFMA Hosts Social Impact Investment Roundtable On Capitol Hill, Bringing Together Industry Experts And Lawmakers
Today, SIFMA hosted a roundtable on Social Impact Investing with industry experts and Members of Congress. The event fueled a discussion between the financial services industry and Members of Congress, on the role of America's capital markets in creating and funding programs designed to improve local communities. The event was held on Capitol Hill and participants included Kenneth E. Bentsen, Jr., president and CEO of SIFMA, as well as Representatives Tom MacArthur (R-NJ), John Delaney (D-MD), Tom Reed (R-NY) and Jared Polis (D-CO). Industry participants included Audrey Choi, CEO, Institute for Sustainable Investing, Morgan Stanley; Stephen Freedman, Head of Thematic and Sustainable Investing Strategy US, UBS; and Navjeet Bal, Executive Vice President & General Counsel, Social Finance.
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Can an interdisciplinary field contribute to one of the parent disciplines from which it emerged?. (arXiv:1605.08354v1 [physics.soc-ph])
In the light of contemporary discussions of inter and transdisciplinarity, this paper approaches econophysics and sociophysics to seek a response to the question -- whether these interdisciplinary fields could contribute to physics and economics. Drawing upon the literature on history and philosophy of science, the paper argues that the two way traffic between physics and economics has a long history and this is likely to continue in the future.
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The race for boats. (arXiv:1605.08166v1 [q-fin.EC])
The long term coexistence of fisheries exploiting the same marine resource depends crucially on how the competition between them is organised. Traditionally, fisheries policies that mediate competition assume that fisheries maximise profit or yield and are engaged in a race to fish. But economic anthropology of fisheries casts doubts onto profit maximizing behaviour, and suggests that capacity maximization and a race for boats may be occurring. Financialization also encourages fishing entities to increase their capacity. Using a simple model, we study the effects of capacity maximization on fisheries economics taking into account technical and financial constraints faced by fishing entities. We show that when competing entities face the same constraints, competition for the exploitation capacity of a natural resource comes down to the sharing of a pie and that the size of this pie is determined by technical efficiency and rates of return. When entities face different constraints, competition for capacity leads to the survival of only the least constrained fishing entity. Our results support the idea that together, globalization, financialization, substitution of local credit systems by general banks, and policies that encourage competitiveness, will result in highly capitalized fleets and the fossilization of small scales fisheries. To prevent this, fishing policies should go against their past tendency to increase competition, support technological progress and anticipate financial changes. Rather, fishing policies should reinforce local financial cooperation between operators of the fishing sector and control fishing efficiency at a "reasonable" level.
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Contracting theory with competitive interacting agents. (arXiv:1605.08099v1 [q-fin.EC])
In a framework close to the one developed by Holmstr\"om and Milgrom [44], we study the optimal contracting scheme between a Principal and several Agents. Each hired Agent is in charge of one project, and can make efforts towards managing his own project, as well as impact (positively or negatively) the projects of the other Agents. Considering economic Agents in competition with relative performance concerns, we derive the optimal contracts in both first best and moral hazard settings. The enhanced resolution methodology relies heavily on the connection between Nash equilibria and multidimensional quadratic BSDEs. The optimal contracts are linear and each agent is paid a fixed proportion of the terminal value of all the projects of the firm. Besides, each Agent receives his reservation utility, and those with high competitive appetence are assigned less volatile projects, and shall even receive help from the other Agents. From the principal point of view, it is in the firm interest in our model to strongly diversify the competitive appetence of the Agents.
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CME Group Granted Recognised Clearing House Status By The Monetary Authority Of Singapore
CME Group, the world's leading and most diverse derivatives marketplace, today announced that Chicago Mercantile Exchange Inc. has been formally granted the status of Recognised Clearing House (RCH) by the Monetary Authority of Singapore (MAS) with effect from 18 May 2016.
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ASIC Launches New Corporate Governance Resource
ASIC has today launched significantly enhanced corporate governance content on its website, to improve accessibility of ASIC’s corporate governance messages.
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The Third Asian Monetary Policy Forum Discusses Pertinent Regional Economic And Financial Issues
The Asian Monetary Policy Forum (AMPF) convenes for the third year in Singapore today at the Shangri-La Hotel. Held in conjunction with the annual conference of the Asian Bureau of Finance and Economic Research (ABFER) taking place from 23–26 May 2016, the Forum is co-organised and funded by the University of Chicago Booth School of Business, the National University of Singapore (NUS) Business School and the Monetary Authority of Singapore (MAS).
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MNI Indicators: Russian Business Sentiment Rises To A Three Year High Production, New Orders Back To 2014 Pre-Sanctions Level
The latest survey showed that business sentiment in Russia rose for the fourth consecutive month, to the highest level since May 2013.
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Moscow Exchange: FX Market Risk Parameters Change
NCC Clearing Bank is changing risk parameters starting from 30 may 2016 according to the tables below.
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ESMA: Steven Maijoor Address At Financial News 20th Anniversary
Steven Maijoor delivered the keynote address at last night's Financial News 20th Anniversary Awards event in London.
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Securities Commission Malaysia Chairman Receives Award For Contribution To ICM Regulation
The Chairman of the Securities Commission Malaysia (SC), Dato’ Seri Ranjit Ajit Singh, was accorded with the prestigious award of "Outstanding Contribution for the Development of the Islamic Capital Markets (ICM) by a Regulator" by the 10th Sukuk Summit Awards of Excellence, held as part of the 2016 London Sukuk Summit on 25 May 2016.
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Moscow Exchange To Introduce Collateral For Stress
NCC Clearing Bank, part of Moscow Exchange Group, plans to introduce collateral for stress as an additional layer of its central counterparty (CCP) safeguard structure. This move will facilitate the further development of risk management and clearing systems, and bring the CCP's operations in line with international best practices. Collateral for stress will be set based on the risk of clearing firms' positions that are not covered by their individual clearing collateral, or by existing collective funds and NCC dedicated capital.
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