News Centre

BOX Options Exchange Price Improvement Activity For October

Date 01/11/2013

In the month of October, price improved contracts on BOX Options Exchange (“BOX”) averaged 160,131 per day. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $278,144 per day, while total savings to investors this month was $6.4 MM. With this, BOX has saved investors over $457 MM since its inception in 2004. Overall average daily trading volume on BOX in the month of October was 357,021 contracts, a 2.9-percent increase over the previous month. 

SIFMA AMG And IAA Express Concerns With OFR Study On Asset Managers; Seek Withdrawal Of The Study

Date 01/11/2013

SIFMA's Asset Management Group (AMG), together with the Investment Adviser Association (IAA), today submitted comments to the Securities and Exchange Commission (SEC) regarding the study entitled "Asset Management and Financial Stability" (the "Study") published by the Office of Financial Research of the Treasury Department ("OFR") and commissioned by the Financial Stability Oversight Council (the "FSOC").  The letter is available here: http://www.sifma.org/issues/item.aspx?id=8589945983

CBOE Futures Exchange Reports October Trading Volume

Date 01/11/2013

•  Over Four Million Contracts Traded
• Extended Trading Hours for VIX Futures Launched

CFTC’s Division Of Market Oversight Issues Extension Of Certain Time-Limited No-Action Relief Regarding Swap Execution Facilities Provided By CFTC No-Action Letter Nos. 13-55 (amended), 13-56 And 13-58 For Swaps In The Foreign Exchange Asset Class

Date 01/11/2013

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) issued a letter providing time-limited extensions of relief for swaps in the foreign exchange (“FX”) asset class previously provided in the following CFTC letters:

• CFTC Letter No. 13-55 (amended) (Time-Limited No-Action Relief for Temporarily Registered Swap Execution Facilities from Certain Swap Data Reporting Requirements of Parts 43 and 45 of the Commission’s Regulations);
• CFTC Letter No. 13-56 (Time Limited No-Action Relief for Reporting Counterparties from Certain Continuation Data Reporting Requirements of Section 45.4 of the Commission’s Regulations with respect to Uncleared Swaps Executed on or Pursuant to the Rules of a Temporarily Registered Swap Execution Facility); and
• CFTC Letter No. 13-58 (Time-Limited No-Action Relief to Temporarily Registered Swap Execution Facilities from Commission Regulation 37.6(b) for Non-Cleared Swaps in All Asset Classes).

CBOE Holdings Reports October Volume

Date 01/11/2013

• ADV Increased 34% from Year Ago and 15% from September
• Record Month for VIX Options, Second-Best Month for VIX Futures

CFTC Extending Period For Accepting Public Comment On Certification From Javelin SEF, LLC To Implement Available-To-Trade Determinations For Certain Interest Rate Swaps

Date 01/11/2013

The U.S. Commodity Futures Trading Commission (CFTC) is extending the time period for which it is accepting public comments on a certification from Javelin SEF, LLC (Javelin) to implement available-to-trade determinations for certain interest rate swap contracts. On October 31, 2013, Javelin submitted amended available-to-trade determinations to the CFTC on a self-certified basis, pursuant to CFTC regulations 37.10 and 40.6. In order to provide the public time to respond to the amended determinations, the CFTC is extending the comment period to December 2, 2013.

SEC Obtains Asset Freeze In California-Based Real Estate Investment Scheme

Date 01/11/2013

The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze against a group of Pasadena, Calif.-based companies at the center of an ongoing real estate investment scheme.

ISE Reports Business Activity For October 2013

Date 01/11/2013

• ISE and ISE Gemini™ combined represent 18.0% of equity options market share, excluding dividend trades.
• ISE reported a combined ADV of 2.8 million contracts.
• ISE Gemini ADV increased by 89.8% from September 2013 to October 2013.
• Dividend trades made up 1.1% of industry volume in October 2013.

BATS 1000 Index Down 0.1% On The Week

Date 01/11/2013

BATS Global Markets, a leading operator of securities markets in the U.S. andEurope, reports the BATS 1000® Index (Ticker: BATSK) dipped 14.12 points, or 0.1%, this week to close at 19,910.38 as of the 4 p.m. ET market close today.

NYSE Euronext And IntercontinentalExchange Announce Preliminary Results Of Proration Calculations

Date 01/11/2013

IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, and NYSE Euronext (NYSE: NYX), today announced the preliminary results of the proration calculations performed by Computershare Inc., the exchange agent for ICE’s pending acquisition of NYX.