News Centre

Canadian Regulators Enter Into Agreement With CFTC To Enhance Cross-Border Supervision

Date 03/04/2014

The Alberta Securities Commission (ASC), the British Columbia Securities Commission (BCSC), the Ontario Securities Commission (OSC), and the Autorité des marchés financiers (AMF) have entered into a Memorandum of Understanding (MOU) with the U.S Commodity Futures Trading Commission (CFTC) aimed at enhancing the cross-border supervision of firms that operate in both countries.

TSX Markets: Top 20 Largest Consolidated Short Position Report - March 31, 2014

Date 03/04/2014

Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending March 31, 2014.

Remarks Before The SEC/Academy Of Finance Shadowing Program, SEC Commissioner Daniel M. Gallagher, Washington, D.C., April 3, 2014

Date 03/04/2014

Thank you, Tyler [Kirk], for that especially kind introduction. Tyler, like myself, is a former SEC intern.  We’ve also both had the privilege of working for a former Commissioner, in my case, Commissioner Paul Atkins, and in his case, Commissioner Elisse Walter.  Tyler exemplifies the dedication and talent of the SEC staff, and the Commission is truly lucky to have Tyler as an IM staffer today.

BATS Global Markets Clarification Regarding Market Data Usage

Date 03/04/2014

BATS Global Markets wishes to clarify the market data usage of its exchanges.  With respect to routing, EDGA & EDGX use direct depth-of-book data feeds for all major exchanges, and data from the relevant securities information processor (SIP) for certain smaller exchanges.  With respect to the matching engine, EDGA & EDGX currently use the SIP, but will be transitioning to direct feeds from all major exchanges in January 2015 as previously discussed at www.bats.com/edgeintegration.  BATS’ BZX and BYX exchanges currently use direct feeds for both routing and its matching engine from all major exchanges, and SIP data from certain smaller exchanges.

SEC Seeks Comment On Investor Advisory Committee Recommendation Regarding Target Date Funds

Date 03/04/2014

The Securities and Exchange Commission today announced that it is seeking comment on a recommendation by its Investor Advisory Committee regarding disclosure by target date mutual funds.

Op-Ed: The Need For Speed Is Costing Billions - Op-Ed Published In The New York Daily News By New York Attorney General Eric T. Schneiderman

Date 03/04/2014

This week, Michael Lewis, the author of the new book “Flash Boys,” told “60 Minutes” that “the stock market is rigged” by exchanges and high-frequency traders that use superfast computers, lightning-quick data networks and complex algorithms to execute enormous volumes of stock trades in milliseconds.

SEC Charges Transamerica Financial Advisors With Improperly Calculating Advisory Fees And Overcharging Clients

Date 03/04/2014

The Securities and Exchange Commission today announced charges against a St. Petersburg, Fla.-based financial services firm for improperly calculating advisory fees and overcharging clients.

BOX Price Improvement Activity For March

Date 03/04/2014

In the month of March, price improved contracts on BOX Options Exchange averaged 312,692 per day.

NASDAQ OMX And Chaikin Analytics Introduce Enhanced Alpha Indexes - NASDAQ Chaikin Power Indexes Expand Smart-Beta By Creating Quantitatively Enabled Strategies Based On Chaikin Power Gauge Rating

Date 03/04/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Chaikin Analytics, LLC announced today the launch of three NASDAQ Chaikin Power Indexes: the NASDAQ Chaikin Power US Large Cap IndexSM (NQULCHK), the NASDAQ Chaikin Power US Small Cap IndexSM (NQUSCHK), and the NASDAQ Chaikin Power US Dividend Achievers IndexSM (NQDACHK). These new indexes are rules-based, quantitatively enabled investment strategies, designed to outperform their respective benchmarks and are based on the Chaikin Power Gauge, a multi-factor quantitative model.

OCC Bulletin: Cyber Attacks On Financial Institutions' ATM And Card Authorization Systems: Joint Statement

Date 03/04/2014

Summary

The members of the Federal Financial Institutions Examination Council (FFIEC)¹ today issued a joint statement to notify financial institutions of a large-dollar-value automated teller machine (ATM) cash-out fraud characterized as Unlimited Operations by the U.S. Secret Service. The members are aware of a recent increase in cyber-attacks on financial institutions launched in connection with this fraud to gain access to, and alter the settings on, ATM Web-based control panels used by small-to-medium-sized financial institutions.