News Centre

Statement By DTCC General Counsel Larry Thompson

Date 02/05/2013

The Depository Trust & Clearing Corporation (DTCC) General Counsel Larry Thompson today issued the following statement:

“The Depository Trust & Clearing Corporation (DTCC) and the DTCC Data Repository (U.S.) LLC (DDR) today filed a lawsuit challenging three interrelated actions by U.S. Commodity Futures Trading Commission (CFTC) and asking a federal court to vacate the Commission’s approval of Chicago Mercantile Exchange, Inc. (CME) Rule 1001 and IntercontinentalExchange Inc. (ICE) Rule 211. The CME and ICE Rules are anticompetitive and undermine the core pro-competitive principles of the Dodd-Frank Act. By approving these Rules, CFTC changed its original adherence to the pro-competitive principles of Dodd-Frank and instead sanctioned anticompetitive behavior that allowed these clearing houses to require reporting of cleared swap data to their captive swap data repository (SDR).

Carlo Di Florio Named FINRA's New Executive Vice President, Risk And Strategy

Date 02/05/2013

The Financial Industry Regulatory Authority (FINRA) announced today that Carlo V. di Florio, currently Director of the SEC's Office of Compliance Inspections and Examinations (OCIE), will join the organization as Executive Vice President, Risk and Strategy. In this role, di Florio will lead FINRA's Office of Risk, Emerging Regulatory Issues, Enterprise Risk Management and Strategy. Di Florio will have overall responsibility for ensuring that FINRA has effective processes for assessing the most significant risks to the investing public and the integrity of our markets, and developing strategic responses to mitigate, manage and monitor those risks and industry trends. In addition, di Florio will manage FINRA's Enterprise Risk Management program to enhance FINRA's internal governance, risk management, quality control and compliance in support of FINRA's mission and strategy. He will start at FINRA on June 24.

National Exam Program Director Carlo V. Di Florio To Leave SEC

Date 02/05/2013

The Securities and Exchange Commission today announced that Carlo V. di Florio will leave the agency after leading its National Exam Program for more than three years.

CBOE Systems Issue

Date 02/05/2013

This morning, one of CBOE’s 25 business clusters, which contains approximately 300 option classes, experienced a delayed open. All other CBOE classes, including SPX and VIX, opened as scheduled at 8:30 a.m. and were unaffected by this isolated issue. The impacted classes were open for trading at 8:40 a.m., with complex order trading in all of the classes in the affected cluster available by 9:04 a.m. 

BOX Options Exchange Price Improvement Activity For April

Date 02/05/2013

In the month of April, price improved contracts on BOX Options Exchange averaged 217,146 per day, which represented a 17% increase over last month.

SEC Names Andrew Bowden As Director Of National Exam Program

Date 02/05/2013

The Securities and Exchange Commission today announced that Andrew J. Bowden has been named Director of the agency's Office of Compliance Inspections and Examinations (OCIE) and will lead its National Exam Program.

Key Figures For SIX Swiss Exchange And Scoach Switzerland April 2013: Pleasing Trend Since The Start Of The Year

Date 02/05/2013

Since the beginning of 2013, a total of 11,637,574 transactions have been conducted on SIX Swiss Exchange and Scoach CH. This marks an increase of 4.9% on the previous year. At 10,817,071 trades, the equities including funds + ETPs segment (+5.2%) also posted growth. With 333,302 trades, the ETF segment was also 22.1% up on the previous year. 

SEC Announces Departure Of Senior Enforcement Official David P. Bergers After 13 Years Of Federal Service

Date 02/05/2013

The Securities and Exchange Commission today announced that David P. Bergers, Acting Deputy Director of the SEC’s Enforcement Division and Director of the Boston Regional Office, will be leaving the agency this spring after 13 years of federal service.

Results Of The Annual General Meeting Of UBS AG

Date 02/05/2013

At the Annual General Meeting held on May 2, 2013, UBS's shareholders confirmed in their offices those members of the Board of Directors who had stood for re-election, and voted Reto Francioni onto the Board for the first time. 2'501 shareholders attended the General Meeting, representing 1'809'082'901 votes.

Deleveraging Abating In Emerging Europe Amid Regulatory And Structural Shifts

Date 02/05/2013

The second wave of funding reductions by western banks vis-à-vis Central, Eastern, and South Eastern Europe (CESEE) that started in mid-2011 is petering out. However, funding reductions have not stopped in all countries of the region and remain significant in Hungary and Slovenia, according to the latest Deleveraging Monitor from the Vienna 2 Initiative Steering Committee.