News Centre

GFI Group Board Comments On BGC Tender Offer - Urges Shareholders To Take No Action On BGC Tender Offer - Says Board Is Actively Exploring Strategic Alternatives with Any And All Interested Parties To Maximize Value for All Shareholders

Date 02/02/2015

GFI Group Inc. ("GFI Group", "GFI" or the "Company"), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, issued the following statement from the Board of Directors in response to BGC Partners, Inc. ("BGC") tender offer to acquire the outstanding shares of GFI, which is set to expire on February 3, 2015:

"The GFI Board urges shareholders to take no action on the BGC tender offer at this time. As announced on Friday, the GFI Board is actively engaged in a process to explore strategic alternatives with any and all interested parties to maximize shareholder value for all shareholders.  These alternatives could include, among others, joint ventures, mergers and/or acquisitions.  The Board has previously reviewed the unsolicited BGC tender offer, which contains provisions and conditions that make it highly unlikely to succeed in providing any value for shareholders.  The Board urges GFI shareholders not to tender into the BGC tender offer and wait for the Board to conduct its strategic review."  

CBOE Holdings Reports January 2015 Trading Volume

Date 02/02/2015

• ADV of 5.4 Million Contacts Up 5% Over December
• CBOE, C2 and CFE ADV Increase From Previous Month
• Total Volume of 107.2 Million Contracts Traded

OCC Announces Average Daily Cleared Contract Volume Declined 5% In January

Date 02/02/2015

OCC announced today average daily cleared contract volume for the month of January was down 5 percent from January 2014 with 17,919,276 contracts and one less trading day. Total OCC cleared contract volume in January reached 358,385,522 contracts, a 9 percent decrease from the 2014 record January volume of 395,595,620 contracts. Despite this decline, January 2015 represents the fourth highest January volume for OCC to date.

CBOE Futures Exchange Reports January 2015 Trading Volume

Date 02/02/2015

• 4.6 Million VIX Futures Contracts Traded
• VIX Futures ADV Up 9% Over Year Ago

Statement Of Assistant Secretary For Economic Policy Karen Dynan For The Treasury Borrowing Advisory Committee Of The Securities Industry And Financial Markets Association

Date 02/02/2015

The U.S. economy continues to strengthen.  Real GDP growth has been well above trend in recent quarters, job growth has picked up sharply, and the unemployment rate has fallen to the lowest rate since 2008.  Inflation remains low, caused partly by the recent steep drop in energy prices.  Core inflation, which excludes both energy and food prices, is also subdued.  Against the backdrop of a strengthening economy, the federal fiscal position has improved considerably and in FY 2014 the budget deficit declined to a seven-year low as a share of the economy.  The Administration’s FY 2016 Budget, which was released earlier today, would build on recent fiscal progress, lowering the deficit to a sustainable level and putting debt held by the public as a share of the economy on a declining path.  The President’s Budget also proposes policies that will foster durable economic growth and broadly-shared prosperity over the longer run.  

Intercontinental Exchange Announces Launch Of 63 New Contracts across Interest Rates And Energy

Date 02/02/2015

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced the introduction of 63 new futures and options contracts across interest rates and energy on February 16, 2015, subject to satisfactory completion of applicable regulatory processes.

Turnover At Deutsche Börse AG’s Cash Markets At 148.5 Billion Euros In January

Date 02/02/2015

Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate across all asset classes stood at €148.5 billion in January (January 2014: €124.9 billion).

Average Daily Volume Of 8.9 Million Contracts At Eurex Group In January - Monthly Trading Volumes At Eurex Exchange Increase By 15 Percent Year-On-Year - Eurex’s Index Derivatives Segment With Significant Growth

Date 02/02/2015

An average daily volume of 8.9 million contracts (January 2014: 8.5 million) was recorded at the international derivatives markets of Eurex Group in January 2015. Of those, 6.7 million were Eurex Exchange contracts (January 2014: 5.5 million), and 2.2 million contracts (January 2014: 3.0 million) were traded at the U.S.-based International Securities Exchange (ISE).  

EGX Begins Registration Of Arbitrators & Experts Dispute For The Stock Market

Date 02/02/2015

The Egyptian Exchange (EGX) announced today the registration opening for arbitrators and experts’ tables, who are specialized in the capital market field, to be available for specialists and capital market experts in accordance with the provisions of listing arbitrators and experts issued in accordance with EGX arbitration rules to settle the capital market disputes, which have been approved by EGX’ Board in November 2014.

Shanghai Stock Exchange: Rationalize Self-regulatory Rules, Develop Open System Of Business Rules

Date 02/02/2015

The Shanghai Stock Exchange (SSE) has recently completed the work of thorough rationalization and assessment of the business rules for 2014, and issued the announcement today to abolish the 8th batch of business rules, including 29 rules in total. After the rationalization, there are now a total of 196 business rules in force on the SSE, forming a complete rule system covering the securities and derivatives businesses and oriented toward all kinds of market players.