FTSE Mondo Visione Exchanges Index:
News Centre
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MIAX Options Exchange System Issue – MIAX Quote Mitigation
Date 18/01/2013
The MIAX Options Exchange has identified a system issue related to MIAX quote mitigation where the MIAX Top of Market (ToM) and OPRA data feeds may not have properly updated a bid or offer when the previously displayed bid or offer was subject to mitigation and then subsequently traded or was cancelled. The issue occurred from December 7, 2012 through January 11, 2013 and resulted in the appearance that a bid or offer that was no longer in effect was still in force. While internally the MIAX systems properly reflected the correct MBBO, the external quote indicated that there was still interest available at the filled or cancelled bid or offer price. It should be noted that no erroneous trades occurred as a result of this behavior and these incidents represented less than .01 % of all MIAX MBBO updates. Once the issue was identified, in order to avoid any further issues, the quote mitigation setting was reduced from 10% to 0% on January 14, 2013. See Regulatory Circular 2013-01.
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CFTC Staff To Host Public Roundtable To Discuss The “Futurization Of Swaps”
Date 18/01/2013
The Commodity Futures Trading Commission (CFTC) today announced that staff will hold a public roundtable on January 31, 2013, from 9:30 a.m. to 3:15 p.m., to discuss the “futurization” of the swaps market. The roundtable will consist of four panels, discussing 1) general industry views and concerns regarding the conversion of swaps to futures in each asset class; 2) clearing and different margin requirements for swaps and futures; 3) transaction-related matters including appropriate block rules for swaps and futures; and 4) the effect of the conversion of swaps to futures on end-users.
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S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX Venture Composite Index
Date 18/01/2013
S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shares of GoGold Resources Inc. will be removed from the S&P/TSX Venture Composite Index after the close of Monday, January 21, 2013. The company will graduate to trade on TSX under the same ticker symbol.
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BATS 1000 Index Gains 1.2% This Week
Date 18/01/2013
BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) gained 190.74 points, or 1.2%, this week to close at 16,773.42 as of the 4 p.m. ET market close today.
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CFTC Obtains Default Judgment Against Lincolnshire Trading Partners, LLC And Scott Geisinger For Violating CFTC Registration Requirements - Defendants Each Ordered To Pay A $140,000 Civil Monetary Penalty And Are Permanently Barred From Any Commodity-Related Activities
Date 18/01/2013
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Percy Anderson of the U.S. District Court for the Central District of California entered a default judgment and permanent injunction order against defendants Lincolnshire Trading Partners, LLC(Lincolnshire) and its president, Scott Geisinger, both of Pomona, Calif. The order requires Lincolnshire and Geisinger to each pay a $140,000 civil monetary penalty, imposes permanent trading and registration bans against them, and prohibits them from violating the Commodity Exchange Act (CEA) and CFTC regulations, as charged.
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Direct Edge Regulatory Notice #13-01: Consolidated Audit Trail Pre-RFP Bidders Conference On January 29th In New York
Date 18/01/2013
The national securities exchanges and FINRA (collectively the SROs) together are hosting an event for interested parties that may wish to respond to the request for proposal (RFP) the SROs will be issuing related to the creation of a Consolidated Audit Trail (CAT) as required by SEC Rule 613. During this event, the SROs will discuss the Information for CAT Bidders document recently published on the www.catnmsplan.com website.
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CFTC Commitments Of Traders Reports Update
Date 18/01/2013
The current reports for the week of January 8, 2013 are now available.
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KCBT Martin Luther King, Jr. Holiday Hours - Schedule For Days Surrounding The Martin Luther King, Jr. Holiday
Date 18/01/2013
The KCBT will be observing the Martin Luther King, Jr. holiday on Monday, Jan. 21.
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OCC And Federal Reserve Reach Agreement With HSBC To Provide $249 Million In Payments And Assistance
Date 18/01/2013
HSBC has joined the agreement in principle announced by the Federal Reserve Board and Office of the Comptroller of the Currency (OCC) on January 7, 2013, and will pay $249 million in cash payments and other assistance to help mortgage borrowers.
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CFTC Extending Review Period On A Request From The Chicago Mercantile Exchange Inc. To Adopt New Chapter 10 (“Regulatory Reporting Of Swap Data”) And New Rule 1001 (“Regulatory Reporting Of Swap Data”) Of CME’s Rulebook
Date 18/01/2013
The Commodity Futures Trading Commission (Commission) is extending the time period for which it is reviewing a request from the Chicago Mercantile Exchange Inc. (CME) for approval of a rule (Rule 1001) submitted pursuant to section 40.5 of the Commission’s regulations. The proposed rule raises novel or complex issues that the Commission has determined require additional time to review. The review period is being extended 45 days to expire on March 6, 2013.
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