Wednesday 4th March 2015
NEWS TICKER, TUESDAY, MARCH 3RD 2015: The number of Spaniards registered as unemployed fell by 13,538 people in February, a fall of 0.3%. Even so, the government acknowledges that a massive 4,512,153 people remain without work. In a press release, the Ministry for Employment says said reduction in jobless was best monthly improvement in February since 2001. Seasonally-adjusted unemployment fell by 49,653 people. The government also says 300,333 fewer unemployed people since February 2014 was: "the largest year-on-year reduction in unemployment since 1999". The total number of unemployed Spaniards this month—the fourth February with Mariano Rajoy as Prime Minister—was still higher than all of the February data points for the last four years of the Zapatero government. The number of people registered with Spain's social security system rose by 96,909 in February - Record high inflows send Japanese ETFs’ AUM higher, surpassing $160bn. The Apac region excluding Japan has also seen strong inflows, pushing the AUM mark past $78bn. Investors are still avoiding the riskiest names in the region; firms whose CDS spreads have widened the most have seen negative returns - CBOE Futures Exchange reports February average daily volume in VIX futures was 166,547 contracts, a decrease of 23% from February 2014 and a decrease of 27% from January 2015. Total volume in VIX futures for February was 3.2m contracts, down 23% from a year ago and down 31% from the previous month - The Straits Times Index (STI) ended +1.03 points higher or +0.03% to 3403.89, taking the year-to-date performance to +1.15%. The FTSE ST Mid Cap Index declined -0.39% while the FTSE ST Small Cap Index declined -1.14%. The top active stocks were SingTel (+0.47%), DBS (-1.48%), OCBC Bank (-0.86%), Noble (-3.08%) and UOB (-0.04%). The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.68%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (+0.31%) and Thai Beverage (+2.14%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -3.44% with Midas Holdings’ share price gaining +1.61% and Geo Energy Resources’ share price declining -1.57%. The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (-0.29%), IS MSCI India (+0.37%), SPDR Gold Shares (+1.10%). The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.62%), CapitaCom Trust (-0.57%), CapitaMall Trust (+1.90%). The most active index warrants by value today were HSI25000MBeCW150330 (-7.69%), HSI24200MBePW150429 (-3.94%), HSI24400MBePW150330 (-7.32%). The most active stock warrants by value today were OCBC Bk MBeCW150803 (-13.56%), UOB MB eCW150701 (-1.97%), DBS MB eCW150420 (-22.61%).

Instinet names Adam Toms CEO of Instinet Europe Limited

Monday, 11 June 2012
Instinet names Adam Toms CEO of Instinet Europe Limited Instinet Incorporated, the provider of electronic trading and agency-only brokerage services, says that  Adam Toms has been appointed CEO of its Instinet Europe Limited subsidiary. Fumiki Kondo, chief executive of Instinet Incorporated, explains that, “Adam brings a deep understanding of the needs of our clients and the challenges they face in today’s rapidly-changing and highly-complex markets. We expect his knowledge, experience and leadership will be invaluable as we work to grow Instinet’s European business.” http://www.ftseglobalmarkets.com/

Instinet Incorporated, the provider of electronic trading and agency-only brokerage services, says that  Adam Toms has been appointed CEO of its Instinet Europe Limited subsidiary. Fumiki Kondo, chief executive of Instinet Incorporated, explains that, “Adam brings a deep understanding of the needs of our clients and the challenges they face in today’s rapidly-changing and highly-complex markets. We expect his knowledge, experience and leadership will be invaluable as we work to grow Instinet’s European business.”

With its agency model, advanced electronic platform and well-deserved reputation for trading excellence, Instinet provides a unique value proposition to the buy side,” said Toms. “I am extremely excited to join its talented group of employees in Europe as we work to build upon Instinet’s considerable legacy.”  The move is something of a surprise as most market watchers had anticipated Instinet to be rolled into parent Nomura’s equity trading franchise, encased in Nomura International; moreover the agency trading model has undergone a testing period of late.  However, Toms is a very high profile trading business leader and will undoubted bring a harder edge to the Instinet business. It will be interesting to see what he does with the Instinet brand.

Toms served as managing director; co-global head of electronic trading at Nomura International, where he successfully led the integration of the Lehman’s trading business into the Japanese major. When he first joined Nomura following its acquisition of the European assets of Lehman Brothers, he headed  up the firm’s European Portfolio and Electronic Sales Trading desk. Prior to that, Toms was an Equity Trader at Barclays Global Investors in London.

Toms will succeed Richard Balarkas, who will leave the firm to pursue other interests. “Over the past four years, Richard has effectively steered Instinet Europe through myriad challenges amidst difficult market conditions. We thank him for his many contributions during that time, and wish him all the best in his future endeavours,” says Kondo.

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