News

China Life IPO Oversubscribed

The China Life Insurance IPO last week raised HK$23.5 billion (US$3 billion), a sum close to the top of market expectations, with investors ordering 25 times more shares than were available. Orders from institutional investors topped US$50 billion as investors

SEC Charges Junk Bond in Mutual Fund Probe

The U.S. Securities and Exchange Commission on Thursday charged Heartland Advisors Inc. with fraud, the first time a bond fund has been implicated in the spreading scandal engulfing the $7 trillion mutual fund industry. Heartland mutual funds company was charged

OneChicago Enjoys Record Turnover

OneChicago says it traded 243,198 contracts on Tuesday, approximately doubling the previous Exchange wide daily volume record of 123,600 contracts traded on 10 September. The top five security futures products by volume were Honeywell International Inc. (HON1C) with 13,293 contracts