News Centre

International Securities Exchange And IndexIQ Announce Broad Partnership To Develop And Launch Innovative Exchange-Traded Products

Date 06/02/2013

The International Securities Exchange (ISE), a leading U.S. options exchange, and IndexIQ, a leading asset management firm, announced today their partnership agreement to support and promote new exchange traded products (ETPs) focusing on physical commodities.  

CFTC: Federal Court In Texas Orders Rodney Wagner And Roger Wagner, And Their Company GID Group, Inc., To Pay Over $2.4 Million For Fraud In Foreign Currency (Forex) Ponzi Scheme - Court Finds That Defendants Fraudulently Solicited And Accepted Funds From 99 Retail Customers In Connection With A Forex Scheme

Date 06/02/2013

The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Order against defendants Rodney Wagner and Roger Wagner (Wagner brothers) and GID Group, Inc. (GID), all of Grand Prairie, Texas, requiring the Wagner brothers and GID to jointly pay approximately $1.37 million in restitution to defrauded customers and a civil monetary penalty of approximately $1.05 million. The consent Order of permanent injunction also imposes permanent trading and registration bans against the defendants and prohibits them from violating the anti-fraud provisions of the Commodity Exchange Act, as charged. The Wagner brothers were the owners and only employees of GID, and none of the defendants has ever been registered with the CFTC.

ETFs And ETPs Listed In The United States Reach A New All-Time High Of $1.42 Trillion At The End Of January

Date 06/02/2013

Assets invested in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) listed in the United States reached a new record high of $1.42 trillion at the end of January 2013. ETF and ETP assets have increased by 5.5% from $1.35 trillion to $1.42 trillion during January, according to figures from ETFGI’s monthly United States ETF and ETP industry insights.

Aseel Rabie Joins SIFMA As Managing Director And Associate General Counsel

Date 06/02/2013

SIFMA today announced the addition of Aseel Rabie to SIFMA's Office of General Counsel as managing director and associate general counsel.

Statement Of CFTC Commissioner Bart Chilton On RBS Settlement

Date 06/02/2013

This is a solid and significant settlement which sends a signal to those who would monkey around with benchmark rates.  Like with Barclays and UBS, the settlement with RBS is much more than a slap on the wrist.  This was serious malfeasance. It was despicable and deserving of this large penalty.

BOX Options Exchange February 2013 InBOX

Date 06/02/2013

This is the February issue of InBOX, your news source from inside the BOX Options Exchange. This monthly publication will provide convenient summaries of recent developments at BOX.

ETFs And ETPs Reach A New All-Time High Of $2.05 Trillion At The End Of January 2013 Driven By Significant Net Inflows Into Equities And Strong Equity Market Gains

Date 06/02/2013

Assets invested globally in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) broke through the $2 trillion milestone at the end of January 2013 to reach a new all-time high of $2.05 trillion. ETF and ETP assets have increased by 5.2% from $1.95 trillion to $2.05 trillion during January, according to figures from ETFGI’s monthly Global ETF and ETP industry insights.

RBS Securities Japan Limited Agrees To Plead Guilty In Connection With Long-Running Manipulation Of Libor Benchmark Interest Rates - Second Financial Institution To Plead Guilty To Libor Fraud And Pay Substantial Criminal Penalties - RBS Parent Company Also Admits Fault In Deferred Prosecution Agreement

Date 06/02/2013

RBS Securities Japan Limited, a wholly owned subsidiary of The Royal Bank of Scotland plc (RBS), has agreed to plead guilty to felony wire fraud and admit its role in manipulating the Japanese Yen London Interbank Offered Rate (LIBOR), a leading benchmark used in financial products and transactions around the world, Assistant Attorney General Lanny Breuer of the Justice Department’s Criminal Division, Deputy Assistant Attorney General Scott D. Hammond of the Justice Department’s Antitrust Division and Special Agent in Charge Timothy A. Gallagher of the FBI’s Washington Field Office Criminal Division announced today. 

Statement By The UK Financial Secretary To The Treasury On RBS Libor

Date 06/02/2013

Introduction

Mr Speaker, I would like to update the House on the investigations of the Financial Services Authority, the US Department of Justice and the US Commodities and Futures Trading Commission into the attempted manipulation of the setting of the London Interbank Offered Rate or “LIBOR” interest rates.

ICAP, Marex Spectron And Tullett Prebon Launch Tankard - Trade-Backed Natural Gas Indices For UK And European Hubs

Date 06/02/2013

The leading interdealer brokers in the European energy markets, ICAP, Marex Spectron, and Tullett Prebon, today launch ‘Tankard,’ a series of trade-backed natural gas indices for UK and European hubs.