News Centre

CFTC’s Division Of Market Oversight Issues Time-Limited No-Action Relief Concerning Bespoke Or Complex Swaps

Date 30/11/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today announced the issuance of a time-limited no-action letter granting relief, for bespoke or complex swaps, from certain reporting obligations under Part 43 and Part 45 of the Commission’s regulations.

BATS 1000 Index Gains 0.8% This Week

Date 30/11/2012

BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) rose 126.54 points, or 0.8%, this week to close at 15,900.18as of the 4 p.m. ET market close today. 

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues Time Limited No-Action Letters For Operators Of Certain FundsOof Funds

Date 30/11/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) issued time limited no-action relief to the operators of funds of funds. The letter provides that DSIO will not recommend that the CFTC take enforcement action against the commodity pool operator of a fund of funds for failure to register as such until the later of June 30, 2013, or six months after the effective date (or compliance date, if later) of any revised guidance that DSIO issues on the application of the de minimis thresholds to funds of funds in the context of CFTC regulations 4.5 and 4.13(a)(3), provided that the commodity pool operator files a claim for no-action relief and that claim meets certain criteria specified in the letter.

MSCI Completes Acquisition Of IPD Group

Date 30/11/2012

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, announced today that its subsidiary, MSCI Limited, has completed its acquisition of IPD Group Limited.  

CFTC Commitments Of Traders Reports Update

Date 30/11/2012

The current reports for the week of November 27, 2012  are now available.

GETCO Strategic Investments SEC Filing Proposal For Business Combination Between GETCO And Knight Capital Group

Date 30/11/2012

Dear Members of the Board:

On behalf of GETCO Holding Company, LLC (“GETCO”), I am pleased to submit this proposal for a business combination (“Merger”) between GETCO and Knight Capital Group, Inc. (“Knight”). The specific terms of our proposal described below have been unanimously approved by GETCO’s Board of Directors. I am convinced that this Merger would unlock tremendous value for the shareholders of both firms while establishing a global leader in market-making and agency execution.

“Be Careful What You Ask For, You Might Just Get It” - Statement By CFTC Commissioner Bart Chilton On 2012 Research Conference To Discuss Key Issues In Derivatives Markets, Washington, DC

Date 30/11/2012

There’s a song by Everclear “Be Careful What You Ask for, You Might Just Get it.” Wall Street and its’ allies, many of whom make a pretty penny speculating and facilitating speculation in commodity markets, want the Commission to rebut the view that speculation affects commodity futures prices. There are indeed some studies out there that made findings consistent with this view. For example, Irwin and Sanders (OECD 2011) found that “Massive Passives” (commodity index funds) are not likely to have caused a commodity price bubble in the late 2000s. Many of these studies relied on the so-called Granger causality test and data from the weekly CFTC Commitment of Traders Report.

Sustainable Energy Strides Stand Out In 2012 Platts Global Energy Award Winners - Winners Embody Innovative Spirit In Developing Green Energy Initiatives And Technologies

Date 30/11/2012

Energy efficiency and innovation was in the spotlight at last night’s Platts Global Energy Awards, where several companies and individuals won honors for green energy technologies and visionary leadership for a sustainable energy future. Winners in 19 performance categories were recognized at a black-tie dinner in Manhattan.

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues No-Action For Family Offices

Date 30/11/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a no-action letter regarding family offices. The letter states that DSIO will not recommend that the CFTC take enforcement action against the operators of family offices for failure to register as commodity pool operators under the Commodity Exchange Act and the CFTC’s regulations, subject to certain conditions described in the letter.

ESMA Chair Maijoor Delivers Keynote At Audit Quality Symposium Toronto

Date 30/11/2012

Steven Maijoor, ESMA Chair, on November 29, 2012, delivered a keynote speech at the Audit Quality Symposium in Toronto, Canada. His full speech can be accessed here.