News Centre

European Parliament Economic And Monetary Affairs Committee: Still-Winding Road To Banking Union

Date 11/09/2012

The envisaged banking union must be ambitious. The EU member states' current preferences for its establishment risk sending the wrong message, as well as perpetuating inefficiencies, warned the Economic and Monetary Affairs Committee in a resolution voted on Monday.

Crossland Client Using Orc Market Maker For Commodity Options Market Making

Date 11/09/2012

Orc a leading provider of technology and services for the global financial industry, announced today that a trading firm at Crossland LLC, a Chicago-based futures commission merchant (FCM), will use Orc Market Maker for options market making on CME agricultural products.

BOX Options Exchange Connects To TMX Atrium Community - Expanding Equity Options Venues On-Net

Date 11/09/2012

TMX Atrium,  provider of smarter infrastructure solutions for the financial community, today announced that the BOX Options Exchange (BOX), the all-electronic equity options market, has joined the TMX Atrium community.

PM Of Denmark: Recovery In Europe Could Begin Next Year

Date 11/09/2012

• While Europe has already done a great deal to address its debt crisis, much more needs to be done.
• When Europe begins to recover – probably in 2013 – the rest of the world should support the rebound.
• If European countries do not act more swiftly and decisively, the costs of the crisis will be much higher.
• For more information about the Annual Meeting of the New Champions 2012, please visit:http://www.weforum.org/newchampions

SIX Swiss Exchange Welcomes New Exchange Traded Fund Issuer ETF Securities

Date 11/09/2012

SIX Swiss Exchange is delighted to welcome ETF Securities as a new issuer of exchange-traded funds (ETFs). The London-based provider was formed in 2003 and became internationally known that same year after creating the world’s first listed exchange traded product (ETP) on physical gold. ETF Securities launched its first ETFs in 2008 and is among the European leaders in ETPs, which are collateralized bearer debt securities that track an underlying.

ASIC Consults On Amendments To Clearing And Settlement Facilities Guidance

Date 11/09/2012

ASIC today issued a consultation paper proposing amendments to its regulatory guidance for clearing and settlement facilities (CS facilities) to take into account updated international standards and recent Council of Financial Regulators (the Council) policy.

$182 Billion Commitment To AIG During Financial Crisis Now Fully Recovered After Pricing Of $18.0 Billion Treasury Common Stock Sale - Sale Locks In At Least $12.4 Billion Positive R​eturn On Overall $182 Billion Treasury And Federal Reserve Commitment To AIG - Future Sales Of Treasury's Remaining AIG Common Stock Holdings Will Provide An Additional Return To Taxpayers

Date 11/09/2012

Today, the U.S. Department of the Treasury announced that it has agreed to sell 553,846,153 shares of its American International Group, Inc. (AIG) common stock at $32.50 per share in an underwritten public offering. The aggregate proceeds to Treasury from the common stock offering are expected to be approximately $18.0 billion. As part of Treasury’s offering today, AIG agreed to purchase 153,846,153 shares at the public offering price of $32.50 per share – representing approximately $5.0 billion of Treasury’s expected proceeds from the sale. Treasury has granted the underwriters a 30-day over-allotment option to purchase up to an additional 83,076,922 shares of AIG common stock.

Business Officials From Colombia Converge At The NYSE For Second Annual Colombia Day - Ana Fernanda Maiguashca, Deputy Finance Minister Of Colombia Rang The Opening Bell

Date 10/09/2012

Today, representatives of some of Colombia’s top firms gathered at the New York Stock Exchange (NYSE) to celebrate the second annual Colombia Day. This two-day event was organized by the NYSE, JP Morgan, i-advize Corporate Communications, and the Colombian American Association as a way to promote visibility to the Colombian financial markets.

Institutional Investors Accounted For Largest Share Of ETF Trading On BM&FBOVESPA In August

Date 10/09/2012

Institutional investors accounted for 35.8% of the total volume of exchange-traded funds traded on BM&FBOVESPA in August. Financial investors ranked second with 24.5%, followed by foreign investors with 23.9%, individual investors with 12.8% and private- or public-sector corporations with 3.1%.

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.