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Susan F. Axelrod, Executive Vice President, Regulatory Operations, SIFMA Complex Products Forum, New York, NY, October 29, 2014

Date 30/10/2014

Good afternoon and thank you for the invitation to join you this afternoon.

Two years ago, when I spoke at this conference, we were emerging from the Great Recession. Yields on money market funds were near zero, and mid-duration fixed income investments were not offering sufficient yield to satisfy customer income needs. As for lowest-risk bank deposits and CDs, the yields were even more paltry. So the chase for yield was on, with an influx of money into riskier products as customers searched for income on their assets, assets that were becoming more complex and moving further out on the risk curve in the quest for yield.

Remarks To The SIFMA Complex Products Forum, Norm Champ, Director, SEC Division of Investment Management, New York, NY, Oct. 29, 2014

Date 30/10/2014

Introduction

Good morning everyone, and thank you, Tracy, for that kind introduction and for inviting me to speak here today. Before I begin, let me remind you that the views I express are my own and do not necessarily reflect the views of the Commission, any of the Commissioners, or any other colleague on the staff of the Commission.

CBOE Holdings Declares Fourth Quarter 2014 Dividend

Date 30/10/2014

CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.21 per share of common stock payable on December 19, 2014, to the unrestricted common stockholders of record on November 28, 2014.

CFTC Staff Provides No-Action Relief For Victoria University Of Wellington, New Zealand, To Operate A Not-For-Profit Market For Event Contracts And To Offer Event Contracts To U.S. Persons

Date 29/10/2014

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today announced the issuance of a no-action letter for Victoria University of Wellington, New Zealand (University), to operate a not-for-profit market for event contracts, and to offer event contracts to U.S. persons, without registration as a designated contract market, foreign board of trade, or swap execution facility, and without registration of its operators.

CFTC Swaps Report Update

Date 29/10/2014

The CFTC Swaps Report provides a detailed weekly snapshot of the gross notional outstanding as of the penultimate Friday prior to the CFTC Swaps Report’s Wednesday publication date, as well as a detailed weekly total of the transaction volume (on both a ticket volume and dollar volume basis) ending that same penultimate Friday, in two asset classes (interest rate swaps, credit default swaps).

LedgerX Aims To Become The First U.S. Bitcoin Options Exchange And Clearing House - Pending Regulatory Approvals, Exchange Traded Contracts With Physical Settlement Are Expected To Spur Mainstream Adoption Of Digital Currencies

Date 29/10/2014

LedgerX announces and confirms its application with the Commodity Futures Trading  Commission (CFTC) to become a swap execution facility (SEF) and a derivatives clearing organization (DCO). If approved, LedgerX would be the first U.S. regulated derivatives exchange and clearing house where institutions could obtain bitcoin assets and hedge digital currency fluctuations.

US Federal Reserve Issues FOMC Statement

Date 29/10/2014

Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. Labor market conditions improved somewhat further, with solid job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing. Household spending is rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow. Inflation has continued to run below the Committee's longer-run objective. Market-based measures of inflation compensation have declined somewhat; survey-based measures of longer-term inflation expectations have remained stable.

Euronext Launches Rapeseed Derivatives Complex

Date 29/10/2014

Euronext, the leading exchange in the Euro zone, is announcing the launch on 14 November 2014 of a full Rapeseed derivatives solution. The only product of its type to include such a wide range of products, it will allow the industry to trade individual futures and options contracts for rapeseed grain, meal and oil. Euronext is the first exchange in the world to offer this combination of hedging instrument for rapeseed.

SEC Announces Charges Against Investment Advisory Firm And Top Officials For Custody Rule Violations

Date 29/10/2014

The Securities and Exchange Commission today announced charges against an investment advisory firm and three top officials for violating the “custody rule” that requires firms to follow certain procedures when they control or have access to client money or securities.

CME Group to Host Seventh Annual Global Financial Leadership Conference

Date 29/10/2014

CME Group will host the seventh annual Global Financial Leadership Conference (GFLC) Nov. 17-19, 2014, at the Ritz-Carlton Beach Resort in Naples, Florida. The GFLC is an exclusive event that brings together decision-makers from the world's leading financial institutions to discuss the global investment climate and outlook, debate critical economic issues and share insight and analysis of geopolitical trends and the global financial landscape.