Talinec Holdings Ltd Cyprus

NYSE Euronext (NYX), the biggest U.S. exchange operator, will pay $5 million to resolve regulatory claims that the New York Stock Exchange violated rules by giving certain customers a head start on trading information.


The NYSE sent data through two proprietary feeds to paying customers before relaying the information to the so-called consolidated feed, which distributes trade and quote data to the public, the Securities and Exchange Commission said in an administrative order filed Sept. 14. Investigators are conducting similar reviews of other exchanges, according to two people with knowledge of the probes, which aren’t public.
The SEC penalty, the first of its kind against an exchange, comes as lawmakers and regulators question whether retail investors are being harmed in an increasingly fragmented marketplace of high-speed, computer-driven trading.

See more info: http://www.bloomberg.com/news/2012-09-17/nyse-euronext-fine-automated-systems-cyprus-talks-compliance.html

NYSE Euronext (NYX), the biggest U.S. exchange operator, will pay $5 million to resolve regulatory claims that the New York Stock Exchange violated rules by giving certain customers a head start on trading information.
The NYSE sent data through two proprietary feeds to paying customers before relaying the information to the so-called consolidated feed, which distributes trade and quote data to the public, the Securities and Exchange Commission said in an administrative order filed Sept. 14. Investigators are conducting similar reviews of other exchanges, according to two people with knowledge of the probes, which aren’t public.
The SEC penalty, the first of its kind against an exchange, comes as lawmakers and regulators question whether retail investors are being harmed in an increasingly fragmented marketplace of high-speed, computer-driven trading.
See more info: http://www.bloomberg.com/news/2012-09-17/nyse-euronext-fine-automated-systems-cyprus-talks-compliance.html

NYSE Euronext (NYX), the biggest U.S. exchange operator, will pay $5 million to resolve regulatory claims that the New York Stock Exchange violated rules by giving certain customers a head start on trading information.The NYSE sent data through two proprietary feeds to paying customers before relaying the information to the so-called consolidated feed, which distributes trade and quote data to the public, the Securities and Exchange Commission said in an administrative order filed Sept. 14. Investigators are conducting similar reviews of other exchanges, according to two people with knowledge of the probes, which aren’t public.
Read more at: http://www.booksie.com/editorial_and_opinion/article/frexymillsman/cyprus-talinec-holdings-news:nyse-euronext-fine-automated-systems-cyprus:-compliance

NYSE Euronext (NYX), the biggest U.S. exchange operator, will pay $5 million to resolve regulatory claims that the New York Stock Exchange violated rules by giving certain customers a head start on trading information.
The NYSE sent data through two proprietary feeds to paying customers before relaying the information to the so-called consolidated feed, which distributes trade and quote data to the public, the Securities and Exchange Commission said in an administrative order filed Sept. 14. Investigators are conducting similar reviews of other exchanges, according to two people with knowledge of the probes, which aren’t public.
The SEC penalty, the first of its kind against an exchange, comes as lawmakers and regulators question whether retail investors are being harmed in an increasingly fragmented marketplace of high-speed, computer-driven trading.
SEE MORE:http://www.booksie.com/editorial_and_opinion/article/frexymillsman/cyprus-talinec-holdings-news:nyse-euronext-fine-automated-systems-cyprus:-compliance

NICOSIA — The Bank of Cyprus, the island's largest lender, said on Thursday it posted post-tax losses of 134 million euros ($168 million) in the first six months because of provisions for bad loans and a Greek debt write-off.
"Losses after tax and including the impairment of Greek government bonds reached 134 million euros for the first half of 2012 compared to 107 million in the first half of 2011," said a BoC statement.
The bank asked for state assistance in June after it fell 500 million euros short in bolstering its regulatory capital as required by the European Union.
The island's second largest bank, Cyprus Popular, needs 1.8 billion euros to recapitalise, forcing a cash-strapped government to request an EU bailout in June to prop up the banking system.
Nicosia is still negotiating with the troika -- the European Commission, European Central Bank and International Monetary Fund -- over the terms of a loan deal, with estimates putting the amount needed at around 15 billion euros.
EU officials are expected back in September to finalise an agreement.
Cyprus has a low-interest, 2.5-billion-euro loan from staunch ally Russia to meet its financing needs for the year, and is still holding out for a fresh five-billion-euro loan from Moscow to soften the bailout impact.
The BoC's provisions for impairment of loans reached 568 million euros, a 210 percent increase compared with the same period last year, the bank's statement said...

NYSE Euronext (NYX), the biggest U.S. exchange operator, will pay $5 million to resolve regulatory claims that the New York Stock Exchange violated rules by giving certain customers a head start on trading information.

The NYSE sent data through two proprietary feeds to paying customers before relaying the information to the so-called consolidated feed, which distributes trade and quote data to the public, the Securities and Exchange Commission said in an administrative order filed Sept. 14. Investigators are conducting similar reviews of other exchanges, according to two people with knowledge of the probes, which aren’t public.

SEE MORE:http://www.booksie.com/editorial_and_opinion/article/frexymillsman/cyprus-talinec-holdings-news:nyse-euronext-fine-automated-systems-cyprus:-compliance

NYSE Euronext (NYX), the biggest U.S. exchange operator, will pay $5 million to resolve regulatory claims that the New York Stock Exchange violated rules by giving certain customers a head start on trading information.
The NYSE sent data through two proprietary feeds to paying customers before relaying the information to the so-called consolidated feed, which distributes trade and quote data to the public, the Securities and Exchange Commission said in an administrative order filed Sept. 14. Investigators are conducting similar reviews of other exchanges, according to two people with knowledge of the probes, which aren’t public.
SEE MORE:http://www.booksie.com/editorial_and_opinion/article/frexymillsman/cyprus-talinec-holdings-news:nyse-euronext-fine-automated-systems-cyprus:-compliance

NYSE Euronext (NYX), the biggest U.S. exchange operator, will pay $5 million to resolve regulatory claims that the New York Stock Exchange violated rules by giving certain customers a head start on trading information.
See more info:http://www.bloomberg.com/news/2012-09-17/nyse-euronext-fine-automated-systems-cyprus-talks-compliance.html

NII Holdings, Inc. , ( NIHD ) has recently declared dismal second-quarter 2012 results where both its top and bottom lines fell short of the Zacks Consensus Estimates.

NII Holdings reported weak subscriber addition during the second quarter of fiscal 2012 coupled with lower Average Revenue per Subscriber (ARPU) and higher churn rate. Delay in the launch of 3G services and reduction of customer retention cost has resulted in such disapointing results.

NII Holding’s leverage ratio has also increased from 0.50 in 2010 to 0.61 in 2011, indicating its higher dependency on debt financing. We believe that the company will issue more such senior notes in the upcoming quarters to fund their newly launched 3G networks across all its markets as well as take part in spectrum auction, which in turn, will further increase its leverage ratio.

Read more: http://community.nasdaq.com/News/2012-09/neutral-on-nii-holdings-analyst-blog.aspx?storyid=171718#ixzz267mvQGD6

Compliance Policy
SEC May Apply New Automation Rule to Brokers, Shillman Says
The U.S. Securities and Exchange Commission may include large brokers and dark pools in a planned rule aimed at ensuring that regulated securities markets have adequate technology systems, an SEC official said.
The SEC is working to turn policies on how exchanges manage their automated systems into regulations in the wake of a $440 million Knight Capital Group Inc. (KCG) trading loss triggered by a software malfunction last month.
The commission’s so-called automation review policy program was established after the 1987 market crash to ensure exchanges and clearing agencies have the capacity to handle sudden surges in trading. The initiative evolved to encompass the security of automated systems and make sure the technology wouldn’t fail during or after a crisis, according to David Shillman, associate director in the SEC’s division of trading and markets.
The aim now is “to codify that,” and make the standards clearer, Shillman said Sept. 13 at a conference in New York sponsored by the Futures Industry Association and Options Industry Council. Minimum standards for automated systems, which currently cover exchanges and clearinghouses, “could be applied to other market participants” including brokers and dark pools, he said.
Shillman said he expects the automation review policy, or ARP, program to be discussed during a roundtable meeting about technol...