News Centre

Opening Statement Of CFTC Commissioner J. Christopher Giancarlo, Open Meeting On Proposed Rule On Residual Interest Deadline For Futures Commission Merchants, Proposed Rule On Records Of Commodity Interest And Related Cash Or Forward Transactions, And Proposed Interpretation On Forward Contracts With Embedded Volumetric Optionality

Date 03/11/2014

Mr. Chairman, thank you for calling this meeting to propose three important matters. I am pleased the issues that the three proposals seek to address are being made a priority by this iteration of the Commission. These measures are of tremendous consequence to farmers, manufacturers, and utilities, and the markets that serve them. We must get them right.

ESMA Vacancy Notice - SNE – Different Profiles

Date 03/11/2014

The deadline is 5 December 2014.  Please refer to our Vacancy page for further details.

Earthport Expands Its Reach Into Asia With New Payment Route In China - Payments Service Provides A Simple, Efficient Solution For International Trade Payments To The World’s Largest Exporter

Date 03/11/2014

Earthport, the cross-border payments service provider, today announced the launch of a significant new payment route into China. Through this new payment corridor Earthport will be able to support efficient trade payments into the region.

Oslo Børs: October Busiest Month Ever

Date 03/11/2014

October was the busiest month ever recorded for share trading. Big price movements contributed to a new record being set for the total number of transactions in a single month.

ACER Communication Strategy Up To 2015 Available Online

Date 03/11/2014

ACER has just published its Communication Strategy, which defines the Agency’s main communication tools, channels and audiences in relation to the Agency’s mandate. The document tackles both external and internal communications and includes overall key messages, as well as sectorial ones, for each of the specific areas of work of the Agency.  The Strategy, which also establishes communication principles for all the actors involved in communicating the work of the Agency both external and internally, is accompanied by an Implementation Plan. Access the document here.

Serge Harry Appointed To The Executive Committee Of London Stock Exchange Group

Date 03/11/2014

• Chairman of globeSettle, LSEG’s new central securities depository
• LSEG Country Head for France, Benelux and Germany
• Member of LSEG’s Executive Committee

New Financial Services Act And Financial Institutions Act: SIX Calls For fundamental Adjustments

Date 03/11/2014

SIX in its submission on consultation generally welcomes the legislative project of the Financial Services Act (FSA) and Financial Institutions Act (FinIA). However, SIX rejects disproportionate tightening vis-à-vis the existing and functioning Swiss law and European regulation. If the FSA/FinIA is implemented, the independent regulatory body SIX Exchange Regulation will apply to be a prospectus review body as required by the FSA.

Average Daily Volume Of 9.9 Million Contracts At Eurex Group In October - Volatility And Dividend Derivatives Segments With New Monthly Volume Records

Date 03/11/2014

In October 2014, the international derivatives markets of Eurex Group recorded an average daily volume of 9.9 million contracts (October 2013: 7.9 million). Of those, 6.6 million were Eurex Exchange contracts (October 2013: 5.1 million), and 3.3 million contracts (October 2013: 2.8 million) were traded at the U.S.-based International Securities Exchange (ISE). In total, 152.7 million contracts were traded at Eurex Exchange and 80.0 million at ISE. 

Opening Statement Of CFTC Chairman, Timothy G. Massad - Commission Open Meeting

Date 03/11/2014

Today we are considering three matters that all involve fine tuning our rules to make sure they work as intended. These are all adjustments to previously issued rules, and they are appropriate to make sure our rules do not impose undue burdens or unintended consequences, particularly for the nonfinancial commercial businesses that use these markets to hedge commercial risks. This is a natural process for any regulatory agency, but it is particularly appropriate in our case. That is because the CFTC’s responsibilities were increased dramatically as a result of the worst financial crisis this country has faced since the Great Depression. We were given the responsibility to oversee the over-the-counter derivatives market, a $700 trillion market that was largely unregulated prior to the crisis. As we know, excessive risks related to this market were one of the causes of the crisis. The CFTC developed and published many new rules to implement that responsibility and it updated certain other related rules in the course of doing so.

Spanish Exchange Traded €95.5 Bn., Highest Monthly Trading Volume Since July 2011 - 8.6 Million Of Equity Trades, A Monthly Record High

Date 03/11/2014

• The equity trading volume to the end of October was up 23% on the year
• ETF trading volume to the end of October grows 139% from the same period last year
• The trading volume in Derivatives in the first ten months was up 6.5% year-on-year
• Corporate Debt trading in October was €58.2 €billion, with growth in trading to maturity and in Public Debt trading on SEND