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  • CFTC Division Of Swap Dealer And Intermediary Oversight Issues No-Action Letter Regarding the De Minimis Threshold For Swaps With Utility Special Entities

    Date 12/10/2012

    Today, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight is issuing a letter providing temporary no-action relief from certain requirements in the de minimis exception from the definition of the term swap dealer. The no-action relief would allow non-financial entities that are active in the physical energy markets to deal in swaps with publicly-owned, government-owned or federal agency utilities with an aggregate gross notional amount of up to $800 million per year, and not be required to register as swap dealers.

  • Statement Regarding Commission Relief Allows CME Market Participants To Transition Trading Activity Under More Reasonable Timeline, CFTC Commissioner Scott D. O’Malia

    Date 12/10/2012

    Today the Commission has issued relief to energy and agriculture commodities traders to allow them to transition to futures markets and provide relief until the end of the year from counting their positions in exempt and agricultural products in determining whether or not they qualify as a swap dealer. Despite coming at the 11th hour, I am supportive of providing this relief as broad new Dodd-Frank regulations come into effect today. This relief will allow market participants in the CME market to transition their trading activity to futures markets under a more reasonable timeline. The fact that market participants are fleeing the Commission’s swap regulations is proof that the Commission has not developed clear and cost-effective rules. I will work to ensure that there is a smooth transition for market participants. The Commission must proceed in a reasonable manner to accommodate this transition to the futures markets and continue to serve its fundamental role of hedging commercial risk.

  • BATS 1000 Index Slides 2.0% This Week

    Date 12/10/2012

    BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) fell 318.82 points, or 2.0%, this week to close at 15,972.23 as of 4 p.m. ET today. The ten sectors that comprise the index declined for the week led by a 3.3% drop in Technology and Communications. Utilities lost the least falling 0.9%.

  • S&P Dow Jones Indices Announces Quarterly Index Reviews

    Date 12/10/2012

    S&P Dow Jones Indices Canadian Index Operations announces the following index changes as a result of the quarterly S&P/TSX Preferred Share Index and S&P/TSX Venture Select Index Reviews.  These changes will be effective at the open on Monday, October 22, 2012 

  • Treasury Department Statement Regarding Decision To Delay Semi-Annual Report To Congress On International Economic And Exchange Rate Policies

    Date 12/10/2012

    Treasury today announced that it will delay publication of the semi-annual Report to Congress on International Economic and Exchange Rate Policies of our major trading partners in order to assess progress following the G-20 Finance Ministers and Central Bank Governors Meeting next month.