News Centre

SEC Announces Charges Against Florida-Based Penny Stock Schemes

Date 14/08/2013

The Securities and Exchange Commission today announced the latest charges in a joint law enforcement crackdown on penny stock schemes with ties to the Florida region. 

Direct Edge Trading Notice #13-36: Disaster Recovery Testing Opportunities

Date 14/08/2013

As announced in Direct Edge Trading Notice #13-24, the disaster recovery facilities for EDGX ExchangeSM (EDGX®) and EDGA ExchangeSM (EDGA®) will be relocated to the Equinix data center in Chicago, IL effective September 3, 2013, the first trading day in September.  Members will be able to test exchange order entry using assigned back-up sessions and the receipt of market data on Saturday, August 24, 2013, from 9:00 a.m. to 12:00 p.m. (ET).  Please notify theDirect Edge Support Team at 201.942.8220, option #1 if you are interested in participating.  Our support team will then provide additional test details, including symbols available for testing.  If you connect using an Extranet provider, please also coordinate testing with your provider.  

U.S. Attorney General, Manhattan U.S. Attorney, And FBI Assistant Director-In-Charge Announce Charges Against Two Derivatives Traders In Connection With Multi-Billion Dollar Trading Loss At JPMorgan Chase & Company - Defendants Hid More Than Half-A-Billion Dollars In Losses Resulting From Derivatives Trading In JPMorgan’s Chief Investment Office - A Third Trader, Bruno Iksil, Entered A Non-Prosecution Cooperation Agreement

Date 14/08/2013

Eric Holder, the Attorney General, Preet Bharara, the United States Attorney for the Southern District of New York, and George Venizelos, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced the unsealing of criminal Complaints against JAVIER MARTIN-ARTAJO and JULIEN GROUT for their alleged participation in a conspiracy to hide the true extent of losses in a credit derivatives trading portfolio maintained by the Chief Investment Office (“CIO”) of JPMorgan Chase & Company (“JPMorgan”). MARTIN-ARTAJO served as a Managing Director and Head of Credit and Equity Trading for the CIO, and GROUT was a Vice President and derivatives trader in the CIO.

SEC Charges Two J.P. Morgan Traders With Fraudulently Overvaluing Investments To Conceal Losses

Date 14/08/2013

The Securities and Exchange Commission today charged two former traders at JPMorgan Chase & Co. with fraudulently overvaluing investments in order to hide massive losses in a portfolio they managed.

ESMA Closed For EU Public Holidays On 15 And 16 August

Date 14/08/2013

The European Securities and Markets Authority (ESMA) will be closed for EU public holidays on Thursday 15 and Friday 16 August. The offices will reopen on Monday 19 August.

IntercontinentalExchange Sets Daily Open Interest Record For ICE WTI Crude Futures

Date 14/08/2013

IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported a daily record for open interest in ICE West Texas Intermediate (WTI) Light Sweet Crude Oil futures contracts traded on ICE Futures Europe of 650,583 contracts on August 13. The previous daily open interest record was 649,982 on November 8, 2007.

Charging Documents: U.S. V. Javier Martin-Artajo And U.S. V. Julien Grout - U.S. Charges Javier Martin-Artajo And Julien Grout With Fraud In 'London Whale' Scandal

Date 14/08/2013

U.S. v. Javier Martin-Artajo Complaint

U.S. v. Julien Grout Complaint

Spectrum Equity And TA Associates Acquire Stake In BATS Global Markets

Date 14/08/2013

Spectrum Equity, a leading growth equity firm focused on the information economy, and TA Associates, a leading global growth private equity firm, today announced that they have each acquired a minority stake in BATS Global Markets, Inc. (“BATS”), a leading operator of securities markets in the U.S. and Europe, from Lehman Brothers Holdings Inc.

Ontario Securities Commission Staff Seek Input On New Exchange Proposed By Aequitas Innovations Inc.

Date 14/08/2013

Staff of the Ontario Securities Commission (Staff) today published a Notice and Request for Comment regarding the pre-filing by Aequitas Innovations Inc. to establish a new equities exchange in Canada.  Aequitas is proposing to operate an exchange to trade securities of issuers listed on Aequitas as well as securities listed on other recognized exchanges in Canada.

Aequitas Begins Journey To Transform Canadian Capital Markets Through Proposed Market Structure Solutions - Aequitas Publishes A Description Of Its Proposed Market Structure As Part Of The OSC Staff Request For Comments On Specific Aspects Of Its Market Structure Approach

Date 14/08/2013

Aequitas Innovations Inc. (“Aequitas”) is pleased to be commencing its next implementation stage with the Ontario Securities Commission (“OSC”) publication of a Staff Notice relating to the Aequitas Proposal to build a new stock exchange in Canada.  The OSC Staff Notice sets out OSC Staff views on current market structure in Canada and requests comments in connection with the Aequitas Proposal.  The OSC Staff Notice includes questions on Investor Confidence, Market Quality, Segmentation, Market Making and Approach to Developing New Solutions.  Comments are due to the OSC by Friday, September 27, 2013.