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Rick Ketchum, Chairman And Chief Executive Officer, FINRA/University Of Maryland Center For Financial Policy Joint Conference On Market Fragmentation, Fragility And Fees, Washington, D.C. , September 17, 2014, Regulating In A New Paradigm

Date 17/09/2014

It's terrific to be here today. When Jonathan first brought up the idea for this conference, I was thrilled. After all, I'm a self-professed geek when it comes to economic research and analysis-although I admit I can't actually do all the calculations. So I'm especially pleased that we have this opportunity to bring regulators, industry representatives and academics together to discuss the significant challenges to the markets and, more specifically, market structure.
Federal Reserve issues FOMC Statement: Policy Normalization Principles And Plans

Date 17/09/2014

During its recent meetings, the Federal Open Market Committee (FOMC) discussed ways to normalize the stance of monetary policy and the Federal Reserve's securities holdings. The discussions were part of prudent planning and do not imply that normalization will necessarily begin soon. The Committee continues to judge that many of the normalization principles that it adopted in June 2011 remain applicable. However, in light of the changes in the System Open Market Account (SOMA) portfolio since 2011 and enhancements in the tools the Committee will have available to implement policy during normalization, the Committee has concluded that some aspects of the eventual normalization process will likely differ from those specified earlier. The Committee also has agreed that it is appropriate at this time to provide additional information regarding its normalization plans.
Testimony Of US Treasury Deputy Assistant Secretary For The Financial Stability Oversight Council (FSOC) Patrick Pinschmidt Before The House Financial Services Subcommittee On Oversight And Investigations

Date 17/09/2014

Chairman McHenry, Ranking Member Green, and members of the Committee, thank you for the opportunity to testify today regarding the Financial Stability Oversight Council (Council).
CFTC Orders Florida Resident Sean F. McCabe And His Company WorldPMX, Inc. To Pay Restitution And A Civil Monetary Penalty Of More Than $1.1 Million For Engaging In Illegal, Off-Exchange Precious Metals Transactions

Date 17/09/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it entered an Order filing and simultaneously settling charges against Sean F. McCabe, a resident of Sunny Isles, Florida, and his company, WorldPMX, Inc. (WorldPMX), for engaging in illegal, off-exchange precious metals transactions and for operating WorldPMX as an unregistered Futures Commission Merchant (FCM). The CFTC Order requires McCabe and WorldPMX jointly to pay restitution totaling $1,048,807 and a civil monetary penalty of $140,000. In addition, the Order imposes permanent registration and trading bans on McCabe and WorldPMX.
City Expects A No Vote In The Scottish Referendum And A Smooth Ride For The Pound

Date 17/09/2014

After 2 years of heated debate, fractious discussion and considerable angst, the Scottish Independent Referendum is finally here and according the TradeNext, the Pound is in for rough and turbulent ride, especially if the Yes wins.

ICE Futures US Sets Daily Volume And Open Interest Record In Mini MSCI Complex And Daily Volume Record In Mini MSCI Emerging Markets

Date 17/09/2014

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures U.S. achieved a daily volume and open interest record in the mini MSCI Index futures complex and a second consecutive daily volume record in the mini MSCI Emerging Markets Index future on Tuesday, September 16, 2014.
SEC Charges N.Y.-Based High Frequency Trading Firm With Violating Net Capital Rule For Broker-Dealers - $16 Million Penalty Is Largest Ever For Net Capital Rule Violations

Date 17/09/2014

The Securities and Exchange Commission today charged a New York-based high frequency trading firm with violating the net capital rule that requires all broker-dealers to maintain minimum levels of net liquid assets or net capital. The firm’s former chief operating officer is charged with causing the extensive violations.
R.J. O’Brien & Associates Appoints Paul Goodhew As Head Of Global Markets At R.J. O’Brien (UK) Limited Affiliate

Date 17/09/2014

R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced the appointment of industry veteran Paul Goodhew, 45, as Senior Vice President and Head of Global Markets at its London-based R.J. O’Brien (UK) Limited affiliate. In that role, he will focus on expanding the operation’s institutional commodity brokerage business, including energy, as well as fixed income, rates and equity derivatives.
REDI Expands Boston Presence

Date 17/09/2014

REDI Holdings LLC (“REDI”), the independent, industry-backed provider of the REDIPlus® execution management system (EMS), today announced the strengthening of its sales, account management and development capabilities in the New England region with the hiring of Sean Graham and Roseann Hoffman Woodford, two seasoned equity trading professionals, and Jeremy Warburg, a veteran buy-side software developer.
Comment On Alibaba IPO By Warwick Business School's Professor Qing Wang

Date 17/09/2014

Commenting on the Alibaba IPO, Warwick Business School Professor Qing Wang said: “Alibaba’s IPO could well be the end of US dominance in the world technology sector. Alibaba’s annual growth rate of more than 30 per cent shows that the gap between the Chinese companies, Alibaba and Tencent, and US companies is getting ever closer."