News Centre

July 2014 FIF Market Dynamics Report – Executive Summary

Date 21/08/2014

OTC Market Share of NMS Securities

• In July 2014, off-exchange trading accounted for 37.2% of the shares traded in NMS Equity Securities, a decrease of 1.2% compared to last month.

Average Trade/Contract Size

• For NYSE Listed, average trade size was 199 shares, a 3.9% decrease over last month. On a year over year basis, average trade size decreased 18.5%.
• For NASDAQ Listed, average trade size was 206 shares, 6.1% lower than last month. Average trade size decreased 18.0% on an annual basis.
• Average contract size for US Equity Options was 10 this month.

New York Attorney General Eric T. Schneiderman-Led State & Federal Working Group Announces Record-Breaking $16.65 Billion Settlement With -Bank Of America - RMBS Task Force, Co-Chaired By Schneiderman, Secures Settlement That Includes $800 Million For New Yorkers, Including, For The First Time, Relief For Borrowers With FHA-Insured Loans - Settlement Addresses Misconduct That Contributed To The 2008 Financial Crisis - Schneiderman: “Today’s Settlement Is A Major Victory In The Fight To Hold Those Who Caused The Financial Crisis Accountable”

Date 21/08/2014

Attorney General Eric T. Schneiderman today joined members of a state and federal working group he co-chairs to announce a $16.65 billion settlement with Bank of America. The settlement is the largest in U.S. history with a single institution, surpassing the $13 billion settlement with JPMorgan Chase that was secured by the same state and federal working group last November. The settlement includes $800 million – $300 million in cash, and a minimum of $500 million worth of consumer relief – that will be allocated to New York State. As part of today’s settlement, Bank of America acknowledged it made serious misrepresentations to the public – including the investing public – arising out of the packaging, marketing, sale and issuance of residential mortgage-backed securities (RMBS) by Bank of America, as well as by Countrywide Financial and Merrill Lynch, institutions that Bank of America acquired in 2008. The resolution also requires Bank of America to provide relief to underwater homeowners, distressed borrowers, and affected communities through a variety of means, including relief that for the first time will assist certain homeowners with mortgages insured by the Federal Housing Administration (FHA) who were ineligible for relief under previous settlements.

ECB Identifies Systemically Important Payments Systems

Date 21/08/2014

• Four systems were identified: TARGET2, EURO1, STEP2-T and CORE(FR)
• Goal is to ensure efficient management of risks and sound governance arrangements

Egyptian Exchange Indices Performance

Date 21/08/2014

The Egyptian Exchange (EGX) witnessed a significant boost from the beginning of the year till the 20th of August session. EGX30 rose by 39.1% while EGX70 and EGX100 rose by 21.6% and 27.6% consecutively. EGX20 capped recorded a 43.6% rise while S&P/EGX ESG that concerns the corporate governance recorded a 63.6% rise during the mentioned period.  

July 2014 FIF Market Share Report - Executive Summary

Date 21/08/2014

U.S. Equities Market Share

• Share volumes traded across Tape A, B, and C totaled125.6 billion shares, an increase of 3.3% monthly, anddecrease of 0.5% annually.
• NYSE-listed securities share volume was 66.7 billion shares, an increase of 5.1% monthly and decrease of 2.2% annually.
• Share volume in NASDAQ-listed securities was 39.6 billion shares, a 1.6% monthly decrease and 10.3% annual increase.

S&P Dow Jones Indices Market Attributes Commentary: Risk & Volatility Index Dashboard

Date 21/08/2014

FIF Capacity Statistics For July 2014

Date 21/08/2014

Two New Record Peaks: BATS Options MCASTPITCH AGG & Deutsche Börse CEF Ultra + Xetra

ICMA Covered Bond Investor Council Publishes Report On Cover Pool Data Disclosure

Date 21/08/2014

A new report commissioned by ICMA’s Covered Bond Investor Council, ‘Covered bond pool transparency: the next stage for investors’reviews progress so far in attempts to improve and standardise disclosure of the cover pool data for the asset class in certain national markets across Europe and makes recommendations on future measures.

US Associate Attorney General West Delivers Remarks At Press Conference Announcing Major Financial Fraud

Date 21/08/2014

Thank you, Mr. Attorney General, and thank you all for being here this morning.

This morning we demonstrate once again that no institution is either too big or too powerful to escape appropriate enforcement action by the Department of Justice.  At nearly $17 billion, this resolution with Bank of America is the largest the Department has ever reached with a single entity in American history. 

Bank Of America Reaches Comprehensive Settlement With U.S. Department Of Justice And State Attorneys General To Resolve Mortgage-related Litigations And Investigations - Settlement Expected To Reduce Q3-14 Pretax Earnings By $5.3 Billion And Negatively Impact EPS By Approximately $0.43 Per Share

Date 21/08/2014

Bank of America announced today that it has reached a comprehensive settlement with the U.S. Department of Justice (DoJ), certain federal agencies and six states. The settlement includes releases on the securitization, origination, sale and other specified conduct relating to residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs), and an origination release on residential mortgage loans sold to Government Sponsored Enterprises (GSEs) and private-label (PLS) RMBS trusts, or guaranteed by the Federal Housing Authority (FHA).