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What Drives The Complexity And Speed Of Our Markets? Gregg E. Berman, Associate Director, Office Of Analytics And Research, Division of Trading and Markets, U.S. Securities And Exchange Commission, North American Trading Architecture Summit, New York, April 15, 2014

Date 16/04/2014

Good afternoon.  I’d like to begin by thanking WatersTechnology for the invitation to speak with you this afternoon about technology and market structure.  It’s been nine months since my last presentation on these topics --- since then, a lot has happened in the markets, and even more has happened at the SEC. 

MIAX Options Exchange: Exercise Option Procedure For Options Expiring On April 19, 2014

Date 15/04/2014

The MIAX Option Exchange (“MIAX”) will be closed on Friday, April 18, 2014 due to the Good Friday holiday.

Safer And More Efficient Securities Settlement: European Commission Welcomes European Parliament Vote

Date 15/04/2014

The European Parliament has today adopted in plenary session a Regulation on securities settlement and central securities depositories.

SEC Charges San Diego-Based Investment Adviser

Date 15/04/2014

The Securities and Exchange Commission today announced charges against a San Diego-based investment advisory firm, its chief executive officer, chief compliance officer, and another employee for misleading investors and breaching their fiduciary duties to clients.

Thomson Reuters To Host 2nd Australian Regulatory Summit In Sydney - Summit To Be Held On 13 May, 2014 At The Four Seasons Hotel Sydney

Date 15/04/2014

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, announced that the 2nd Australian Regulatory Summit will be hosted in Sydney on 13 May, 2014, with support from the Australia Securities and Investments Commission, Australian Prudential Regulation Authority (APRA) , The Office of The Privacy Commissioner, Hong Kong Securities and Futures Commission, Prudential Regulatory Authority (Bank of England) and the Reserve Bank of Australia.

Finalising The Banking Union: European Parliament Backs Commission’s Proposals (Single Resolution Mechanism, Bank Recovery And Resolution Directive, And Deposit Guarantee Schemes Directive)

Date 15/04/2014

Internal Market and Services Commissioner Michel Barnier said: “Today, the European Parliament has adopted 3 key texts to complete the legislative work underpinning the banking union. Thanks to the assiduous work of the co-legislators, we have turned the idea of a Banking Union into reality in less than two years. The EU has lived up to its commitments: the banking union completes the economic and monetary union and ensures taxpayers will no longer foot the bill when banks face difficulties.

European Parliament: Small Investors To Be Shielded Against Reckless Risk Taking By Investment Funds

Date 15/04/2014

Small investors will be better protected against investment funds that take excessive or unnecessary risks with their money, under rules approved by Parliament on Tuesday. These rules clarify who is liable for mismanagement of funds and tailor fund managers' remuneration rules to encourage them to take reasonable risks and a long-run view.

MEPs Vote Laws To Regulate Financial Markets And Curb High-Frequency Trading

Date 15/04/2014

Comprehensive rules to govern financial markets were adopted by Parliament on Tuesday. These rules are designed to close loopholes in the existing legislation, so as to ensure that financial markets are safer as well as more efficient, investors are better protected, high-frequency trading is regulated and speculative commodity trading is curbed.

SEC Names David Gottesman As Deputy Chief Litigation Counsel

Date 15/04/2014

The Securities and Exchange Commission today announced the appointment of David J. Gottesman as deputy chief litigation counsel in the Division of Enforcement.

New Possibilities Offered To Domestic And International Investors On Bucharest Stock Exchange

Date 15/04/2014

• New phase in the trading program -Trading at last
• Trading at last is the last stage of the market, after the closing auction. It will take 10 min
• During this stage of the market, orders can be entered exclusively at the last closing auction price
• By implementing the Trading at last mechanism, investors will benefit from a distinct period of entering orders at the determined closing auction price, in order to execute adequately their orders at the relevant price registered
• Trading at last becomes effective as of May 5, 2014, together with the reduction of Pre-open stage by 15 min and the consequent extension of the Continuous trading by 15 min.