News Centre

Financial Stability Oversight Council Hosts Discussion On Asset Management

Date 20/05/2014

On Monday, May 19, the Financial Stability Oversight Council (Council) hosted a conference on the asset management industry and its activities to help inform the Council’s ongoing assessment of potential risks to U.S. financial stability. During the conference, practitioners – including CEOs, treasurers, and risk officers – as well as academics and other stakeholders discussed a variety of specific issues that relate to the industry.

SIFMA Comments On FSOC Asset Management Conference

Date 19/05/2014

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding the Financial Stability Oversight Council (FSOC) conference on the impact of asset managers on financial stability:

“We are encouraged that FSOC has taken a step to engage with the asset management industry at today’s conference. It’s vital that the FSOC engage in meaningful dialogue with industry participants and further study the asset management industry and its unique characteristics before making any decisions regarding the designation of asset managers as SIFIs. Following today’s conference, we hope the FSOC will continue this dialogue with the industry and make any findings transparent to the public before taking any action. SIFMA’s view remains that designating asset management firms or funds as SIFIs is unnecessary and would negatively impact investors. An activities-based approach is the most effective way to regulate the types of behavior that could impact financial stability.  Further, the FSOC should allow asset managers’ primary regulator, the SEC, to complete current reform initiatives and evaluate their cumulative impact before moving forward with any sort of SIFI designation.

MIAX Options Holiday Schedule - Memorial Day

Date 19/05/2014

Please be advised the MIAX Options Exchange will be closed on Monday, May 26, 2014 in observance of Memorial Day.

SEC Announces Charges Against Four Former Officials At Clearing Firm Penson Financial Services For Regulation SHO Violations

Date 19/05/2014

The Securities and Exchange Commission today announced charges against four former officials at clearing firm Penson Financial Services for their roles in Regulation SHO violations.

TABB Examines Alternative Trading System Matching Logic, Sees First Net Decline In 2014 Since SEC’s Reg ATS Approval In 1999 - New Research Advocates For Further ATS Transparency

Date 19/05/2014

In new research examining the rise in active Alternative Trading Systems (ATSs) in NMS securities since 2005, TABB Group says ATS registrations have reached a near-term peak and estimates a net decrease of three ATSs in 2014, the industry’s first net decline since the SEC’s approval of Reg ATS.

Three Key Pressure Points In The Current Enforcement Environment, SEC Chair Mary Jo White, NYC Bar Association’s Third Annual White Collar Crime Institute, New York, NY, May 19, 2014

Date 19/05/2014

Introduction

Thank you, John Savarese, for that kind introduction.  It is great to be here with you in New York.  This is the City Bar Association’s Third Annual White Collar Crime Institute.  It is always a terrific program and I am honored to be to kicking off this year’s event.  As I look out at the audience and see so many familiar faces that I have worked with over the years, I am reminded of the extraordinary talent and professionalism that you bring to the white collar bar.

Amman Stock Exchange: Sunday May 25 A Public Holiday To Celebrate Independence Day

Date 19/05/2014

According to the Prime Minister announcement on the occasion of the Independence Day, the ASE will be closed on Sunday, May 25, 2014.

EEX: High Volumes On The Natural Gas Spot Market

Date 19/05/2014

Last Friday, on 16 May 2014, a volume of 1,652,494 MWh was traded in the German market areas GASPOOL and NCG as well as in the Dutch market area TTF. This represents the highest daily volume that has been traded in May 2014 so far. In total, 94 participants were active on that day. All natural gas products of EEX and Powernext are available on their joint gas trading platform PEGAS.

BATS Global Markets Provides EDGA And EDGX Full Market Depth Data To Bloomberg

Date 19/05/2014

Direct Edge, a BATS Global Markets Company, today announced that its EdgeBook Depth data feed, which provides full depth-of-book order information from Direct Edge’s EDGA and EDGX exchanges, is now available on the Bloomberg Professional® service to subscribers of real-time U.S. Level 1 market data. BATS Global Markets’ BZX exchange data is already available to Bloomberg users.

SEC Charges Two Clinical Drug Trial Doctors With Insider Trading

Date 19/05/2014

The Securities and Exchange Commission today charged two California-based doctors with illegally trading on inside knowledge that the Food and Drug Administration (FDA) had halted the clinical trials of a new prostate cancer drug developed by biopharmaceutical company GTx Inc.