News Centre

ISDA Legal Memorandum: DF Protocol and Extension Of Compliance Date For EBC Rule

Date 10/09/2012

ISDA Legal Department Memorandum

The CFTC recently delayed compliance with certain provisions of the external business conduct rule(see below for details), which are among the provisions covered by the August 2102 DF Protocol.

Click here for full details.

IRS Issues Decision In Birkenfeld Whistleblower Case - Details To Be Revealed Tomorrow At NWC Press Conference

Date 10/09/2012

The Internal Revenue Service (IRS) has issued a decision in the whistleblower case of former UBS banker Bradley C. Birkenfeld.

CFTC Staff Responds To Questions On Timing Of Swap Dealer Registration Rules

Date 10/09/2012

Today, Commodity Futures Trading Commission (CFTC) staff is responding to questions from market participants and other interested parties on the timing of when entities will be required to register as swap dealers. The CFTC is issuing a Frequently Asked Questions document to help market participants better understand the rules, what is required and by when.

BM&FBOVESPA Begins Bidding Process For Market Makers For Options On The Stock Of BM&FBOVESPA And Of Usiminas - Institutions That Wish To Participate Have To October 05, 2012 To Send In Proposals

Date 10/09/2012

BM&FBOVESPA announces the start of the process to select up to three market makers for options on the stock of BM&FBOVESPA S.A (BVMF3) and of Usinas Siderúrgicas de Minas Gerais S.A. – Usiminas (USIM5). The institutions that wish to participate, including foreign residents, have until October 05, 2012 to deliver proposals, with the names of those pre-selected to be made public on October 15, 2012 and of the winners on November 16, 2012.

CFTC Charges Lincolnshire Trading Partners, LLC. And Scott Geisinger With Registration Violations

Date 10/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a civil enforcement complaint in the U.S. District Court for the Central District of California, charging defendants Lincolnshire Trading Partners, LLC. (Lincolnshire), a New York entity operating in Pomona, Calif., and Scott Geisinger of San Dimas, Calif., with violating the CFTC’s registration requirements, specifically section 2(c)(2)(C)(iii)(I)(bb) of the Commodity Exchange Act and CFTC regulations 5.3(a)(3)(i) and 5.3(a)(3)(ii).

CME Group Inc. Announces Date Of Third-Quarter 2012 Earnings Release, Conference Call

Date 10/09/2012

CME Group Inc. will announce earnings for the third quarter of 2012 before the financial markets open on Thursday, October 25, 2012. The company has scheduled an investor conference call that day at 7:30 a.m. Central time.

FINRA Announces New Head Of Corporate Communications

Date 10/09/2012

The Financial Industry Regulatory Authority (FINRA) announced today that effective October 15, 2012, Greg Ahern will join FINRA as Executive Vice President for Corporate Communications and Government Relations. In this role, Ahern will be responsible for media, government relations, and investor education programs, and oversee FINRA's editorial production, design, and multimedia communications services. Ahern will also assume oversight responsibilities for FINRA's Member Relations group. This realignment will help FINRA better coordinate interaction with its various constituencies.

ISE Announces The Launch Of The First Mutual Fund Based On An ISE Index - Virtus Wealth Masters Fund Tracks The Horizon Kinetics ISE Wealth Index

Date 10/09/2012

The International Securities Exchange (ISE) today announced that the Virtus Wealth Masters Fund (Tickers: VWMAX, VWMCX, VWMIX), which tracks the Horizon Kinetics ISE Wealth Index(Ticker: RCH), was launched by Virtus Investment Partners, Inc. (NASDAQ: VRTS). It is the first mutual fund based on an index jointly developed by ISE and Horizon Kinetics LLC. 

SEC Charges Atlanta-Based Firm For Compliance Failures As Brokers Churned Customer Accounts

Date 10/09/2012

The Securities and Exchange Commission today charged three former brokers at an Atlanta-based brokerage firm for “churning” the accounts of customers with conservative investment objectives, causing severe investor losses while the brokers collected handsome fees.

ICE Clear Europe Announces First LNG Cleared Swap On The Japan Korea Marker

Date 10/09/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter markets, today announced that ICE Clear Europe cleared its first Liquefied Natural Gas (LNG) Cleared Swap on the Platts*Japan Korea Marker (JKM).