Mondo Visione Worldwide Financial Markets Intelligence

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  • SIFMA Commends Rep. Price Legislation Protecting U.S. From Foreign FTTs

    Date 30/11/2012

    SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president for public policy and advocacy after Representative Tom Price (R-GA) introduced legislation that would make clear that foreign governments have no ability or right to tax private securities transactions within the United States.

  • DTCC Media Statement On CME Requested DCO Rule Change And Amendments To CFTC Reporting FAQ

    Date 30/11/2012

    The U.S. Commodity Futures Trading Commission’s (“CFTC”) rules and interpretations of the Dodd Frank Act have made it clear for nearly a year that clearinghouses must provide open access and that data repositories cannot bundle other services as the CME Group Inc. (“CME”) proposes. In fact, the CME is proposing that as a condition for using their clearing services, market participants must agree to report their trade data to the clearinghouse's own captive swap data repository (SDR). The industry has spent hundreds of millions of dollars to be fully prepared to meet reporting obligations that will become effective in one month. The Commission's action late yesterday was an unexplained and an abrupt reversal of course. This action is inconsistent with the Commission’s previous actions, and will cause market participants to question the finality of any Commission rule or interpretation. This will ultimately disrupt the progress the industry and regulators have achieved so far to implement the financial reforms mandated by the Dodd-Frank Act. We are surprised and disappointed that the Commission would take such a step at this late date and ask that it reverse its decision and reinstate the FAQs which have provided the industry with appropriate decision-making capabilities in regards to their own swaps data.

  • CBOE To Introduce CBOE Low Volatility Index - Features Lower Downside Volatility Plus Upside Participation

    Date 29/11/2012

    The Chicago Board Options Exchange® (CBOE®) announced today that it will begin disseminating values for a new benchmark index, the CBOE Low Volatility IndexSM (ticker: LOVOL) tomorrow, Friday, November 30.

  • "Whose Markets Are These Anyway? Can Ya Dig It?” - Keynote Address Of CFTC Commissioner Bart Chilton Before The Consumer Federation Of America 2012 Financial Services Conference, Washington, DC

    Date 29/11/2012

    Introduction

    Good afternoon. It’s a great pleasure to be with you at your 2012 Financial Services Conference. CFA does great work. It is a pleasure to work with Barbara Roper. And, you all—each of you here—are to be commended for your sacrifices. It isn’t easy to take time to travel to D.C. and be away from your business or family. It is a sacrifice, but it does make a difference. You are needed. I, for one, greatly appreciate your contributions. In all seriousness, thank you.

  • CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues Amended No-Action Letter On The Pay-To-Play Rules For Swap Dealers Conducting Business With Certain Governmental Special Entities

    Date 29/11/2012

    The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an amended no-action letter addressing the pay-to-play rules applicable to swap dealers who conduct business with certain governmental special entities.  The letter has been amended from the original version that was issued on November 20, 2012.