News Centre

CFTC: Federal Court Imposes More Than $57 Million In Sanctions Against Two Mexican Companies, MXBK Group S.A. De C.V. And MBFX S.A., For Defrauding Their U.S. Foreign Currency (Forex) Customers

Date 19/03/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court judgment against two Mexican companies, MXBK Group S.A. de C.V. (MXBK), and its forex division, MBFX S.A. (MBFX), requiring them jointly to pay restitution of $28,969,059 to defrauded U.S. customers and an equal amount as a civil monetary penalty. The Order, entered on March 7, 2013, by Chief Judge Ted Stewart of the U.S. District Court for the District of Utah, finds that MXBK and MBFX accepted at least $28 million from more than 800 U.S. customers to trade forex transactions in pooled accounts. The Order finds that MXBK and MBFX defrauded their customers, in part, by misrepresenting their historical trading results. The Order also finds that MXBK and MBFX willfully made, or caused to be made, false reports or statements to their customers regarding the profitability of their accounts.

Cyprus Stock Exchange Suspension Of Trading

Date 19/03/2013

The Cyprus Stock Exchange (CSE) announces that by a decision of the Chairman of the Council and the Director General –CEO of the CSE taken in accordance with Article 183 of the Securities and Stock Exchange Law, which was ratified by the Council of the Stock Exchange at an extraordinary meeting held today in accordance with Article 184 of the Law, the trading of all securities listed on the Stock Exchange is suspended for the purpose of ensuring the proper functioning of the Stock Market and to protect investors.

Closing Remarks At The ECB/EU Commission Conference On “Post-Trade Harmonisation And Financial Integration In Europe” - Speech By Yves Mersch, Member Of The Executive Board Of The ECB, Frankfurt Am Main, 19 March 2013

Date 19/03/2013

Ladies and gentlemen,

We have come to the end of today’s very intense programme. I now have the pleasure of sharing with you some thoughts on the main messages that have emerged in the course of today.

Eurex Names new Head of its Hong Kong Office

Date 19/03/2013

The international derivatives marketplace Eurex Exchange announced today the appointment of a new Head of the Hong Kong Representative Office. Markus Georgi (36) has succeeded Paul Lo as Chief Representative of Eurex’s Hong Kong office.

Direct Edge Trading Notice #13-11: Market Holiday Reminder – Good Friday

Date 19/03/2013

EDGA Exchange, Inc. (EDGA^®) and EDGX Exchange, Inc. (EDGX^®) will be closed on Friday, March 29, 2013, in observance of Good Friday.  Both exchanges will resume normal trading hours on Monday, April 1, 2013. 

Options Trading Volume In The First Two Months Of 2013 Fell .4%, Says Andy Nybo, TABB Group’s Head Of Derivatives Research And Publisher Of TABB Options LiquidityMatrix, Which Is Attached (Also Available Globally On TabbFORUM - But The Ongoing Federal Budget Debate And The Introduction Of Mini Options Should Prop Up Volumes In March

Date 19/03/2013

According to Nybo, a lack of market volatility and anemic trading in underlying equity markets contributed to stagnant options trading volume in the first two months of 2013. Volume totaled 682 million contracts through February 2013, a .4% decline from the year-earlier period. 

CFTC’s Implementation Of Dodd-Frank - Grading Agency Transparency - Keynote Address By Commissioner Scott D. O’Malia, SIFMA Compliance And Legal Society Annual Seminar

Date 19/03/2013

I want to thank Stephen Strombelline for his kind introduction and for inviting me to speak at this conference. I am truly honored to be the first Commissioner from the CFTC to speak to this audience.

Banking Supervision Deal Struck By European Parliament Negotiators And Irish Presidency

Date 19/03/2013

A deal on banking supervision legislation that will strengthen EU-level oversight of many EU banks was struck by Parliament and Council negotiators on Tuesday. Parliament's negotiators inserted many provisions strengthening the system's transparency and accountability. They also ensured that its working structures will be imbued with a European spirit, rather than reflecting just a sum of national interests.

SEC Charges Financier With Stealing Investor Funds In Purported Offerings Of Pre-IPO Facebook Shares

Date 19/03/2013

The Securities and Exchange Commission today announced charges against a financier masquerading as a sophisticated fund manager who defrauded investors seeking to acquire highly coveted pre-IPO shares of Facebook and other social media companies.

CME Group Inc. Announces Date Of First-Quarter 2013 Earnings Release, Conference Call

Date 19/03/2013

CME Group Inc. will announce earnings for the first quarter of 2013 before the markets open on Thursday, May 2, 2013.  The company has scheduled an investor conference call that day at 7:30 a.m. Central time.