News Centre

NASDAQ OMX Holds First Quarter 2014 Investor Conference Call

Date 01/04/2014

NASDAQ OMX (Nasdaq:NDAQ) has scheduled its First Quarter 2014 results announcement.

Federal Court Orders Two Florida Men And Their Companies To Pay More Than $3.3 Million In Restitution And Penalties To Settle Charges Stemming From Role In Illegal, Off-Exchange Precious Metals Transactions - The CFTC Sued John King And Newbridge Alliance, Inc., And David A. Moore And United States Capital Trust, LLC, In Scheme Orchestrated By Hunter Wise Commodities, LLC

Date 31/03/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on February 26, 2014, Judge Donald M. Middlebrooks of the U.S. District Court for the Southern District of Florida in Miami entered permanent injunction Orders against Florida residents John King and his company Newbridge Alliance, Inc. (Newbridge), and David A. Moore and his company United States Capital Trust, LLC(USCT), who the CFTC sued for their role in a multi-million dollar precious metals scheme orchestrated byHunter Wise Commodities, LLC and related companies (Hunter Wise) (see related press release 6447-12and Complaint.)

BGC Partners Updates Its Outlook For The First Quarter Of 2014

Date 31/03/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today announced that it has updated its outlook for the first quarter of 2014.

ISDA Announces Annual Determinations Committees Outcome

Date 31/03/2014

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the outcome of the annual process to determine members of ISDA's five regional Determinations Committees (DCs), which together comprise the global decision-making structure around events in the credit default swaps (CDS) industry.

SIFMA And FSR Comment On Dissemination Of Asset-Level Data By ABS Issuers, Ask SEC To Re-Propose ABS Releases

Date 31/03/2014

SIFMA and the Financial Services Roundtable on Friday submitted comments to the Securities and Exchange Commission (SEC) that express significant concerns with its February 25, 2014 staff memorandum that suggests the framework under which securitization issuers would disseminate asset-level and other offering information to investors and potential investors, as required under the Commission’s proposed offering, disclosure, and reporting requirements for asset-backed securities (ABS) commonly referred to as Reg AB2.  The Associations' letter reflects the views of its issuer, dealer and sponsor members. The comment letter is available here: http://www.sifma.org/issues/item.aspx?id=8589948242. 

CFTC: Federal Court Orders Ward Onsa Of Marco Island, Florida And His Company, New Century Investment Management LLC Of Southampton, Pennsylvania To Pay $5.7 Million Civil Monetary Penalty For Operating A Commodity Pool Ponzi Scheme

Date 31/03/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on March 20, 2014, Judge Mary A. McLaughlin of the U.S. District Court for the Eastern District of Pennsylvania entered a final judgment Order imposing a civil monetary penalty of almost $6 million against Defendants Ward Onsa of Marco Island, Florida, and his company, New Century Investment Management LLC (New Century), of Southampton, Pennsylvania, in a CFTC enforcement action. The court’s March 20, 2014, Order followed an earlier default judgment Order entered on December 5, 2011, finding that the Defendants had committed fraud and imposing registration and trading bans.

The Known Unknowns Of Central Clearing, Speech By Benoît Cœuré, Member Of The Executive Board Of The ECB, At The Meeting On Global Economy And Financial System Hosted By The University Of Chicago Booth School Of Business Initiative On Global Markets, Coral Gables, 29 March 2014

Date 31/03/2014

Ladies and gentlemen,

Today, I want to share some thoughts with you on central clearing.

Leadership And Conduct: Speech By Martin Wheatley, Chief Executive, The UK Financial Conduct Authority, At City Week 2014: International Financial Services In The Post-Reform World: Opportunities And Challenges

Date 31/03/2014

Reflections on the year

It’s a pleasure to join everyone for this important event and to have the opportunity to reflect, with Andrew, on what has been a defining year for conduct in financial services – yet another defining year in fact.

OTC Derivatives Regulators Issue Report To The G20

Date 31/03/2014

The Over-the-Counter (OTC) Derivatives Regulators Group (ODRG), which is made up of authorities with responsibility for the regulation of OTC derivatives markets in Australia, Brazil, the European Union, Hong Kong, Japan, Ontario, Quebec, Singapore, Switzerland, and the United States, issued a report today that identifies the current list of remaining cross-border implementation issues related to global reform of OTC derivatives markets. The report also includes a summary of the status of such issues and a timetable for addressing them through a series of reports to the G20 Finance Ministers and Central Bank Governors over the course of 2014.

FSB Plenary Meets In London

Date 31/03/2014

At its meeting in London today, the Financial Stability Board (FSB) discussed vulnerabilities affecting the global financial system and reviewed work plans for completing core financial reforms.