News Centre

Cetip And IntercontinentalExchange Launch Fixed Income Trading Platform

Date 16/08/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, and Cetip S.A. — Latin America's largest private fixed income depository — today announced the launch of a Brazilian fixed income trading platform. The platform, Cetip | Trader, brings together electronic trading, voice confirmation, straight through processing and real-time and historical data in a single tool that will provide transparency, price formation, and workflow automation to Brazil's fixed income markets.

SEC Publishes MIAX Form 1 Application On Website

Date 16/08/2012

Miami International Securities Exchange, LLC(“MIAX”) announced  today  that  on  August  15,  2012  its  Form  1  Application  was published on the U.S. Securities and Exchange Commission’s (the “SEC”) website along with a Notice of Filing of the Application (the “Notice”). MIAX has filed a Form 1 Application with the SEC to become a national securities exchange for the trading of options. It is anticipated that the Notice will be published in the Federal Register shortly. Once this publication is made, the public will be formally placed on notice of MIAX’s filing.  It also commences the 45-day statutory public comment period.  The MIAX Options Exchange, which will be a fully-electronic options exchange, is planning to commence operations in October 2012, subject to SEC approval.

Direct Edge Trading Notice #12-32: Introducing The Route Peg Order

Date 16/08/2012

Direct Edge^® will introduce the Route Peg Order on both the EDGA Exchange (EDGA^®) and EDGX Exchange (EDGX^®), effective Wednesday, August 22, 2012. 

Autorité Des Marchés Financiers: Risk And Trend Mapping No12 - 2012 Risk And Trend Mapping For Financial Market And Savings

Date 16/08/2012

Scope of the analysis

The annual risk and trend mapping report from the Autorité des Marchés Financiers (AMF) describes the  main  trends  on  markets  and  in  financing  (Chapter  1),  market  structure  and  intermediation (Chapter 2), household saving (Chapter 3) and asset management (Chapter 4). The report has several goals. It seeks to set France’s situation within a broader context that captures major international trends and to appraise the latest research with a view to better understanding the often complex and fast-moving changes taking place within our environment. It also brings together different perspectives: supply and demand, retail and wholesale, market operation and business strategy, macro and micro. Finally, it is intended to highlight observations and areas of concern flagged by AMF staff when carrying out the regulator’s supervisory and inspection duties and in their dealings with retail investors.

CalPERS Commits $530 Million To Asia Real Estate Funds

Date 16/08/2012

The California Public Employees’ Retirement System (CalPERS) today announced a $530 million investment commitment to two new real estate funds that will target investments in China.

Joint Statement Of Dissent By CFTC Commissioners Jill Sommers And Scott O’Malia - Clearing Exemption For Swaps Between Certain Affiliated Entities

Date 16/08/2012

We respectfully dissent from the notice of proposed rulemaking to exempt swaps between certain affiliated entities from the clearing requirement. While we wholly support a clearing exemption for swaps between affiliated entities within a corporate group, we cannot support the proposal before the Commission today because in certain instances it imposes an unnecessary requirement for variation margin on corporate entities that engage in inter-affiliate trades.

SEC Charges Oracle Corporation With FCPA Violations Related To Secret Side Funds In India

Date 16/08/2012

The Securities and Exchange Commission today charged Oracle Corporation with violating the Foreign Corrupt Practices Act (FCPA) by failing to prevent a subsidiary from secretly setting aside money off the company's books that was eventually used to make unauthorized payments to phony vendors in India.

Statement of Support: Clearing Exemption for Swaps Between Certain Affiliated Entities - CFTC Chairman Gary Gensler

Date 16/08/2012

I support the proposed rules to exempt swaps between certain affiliated entities within a corporate group from the clearing requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act.

U.S. Treasury Under Secretary Brainard To Attend Apec Finance Ministers Meeting, August 29-30, 2012

Date 16/08/2012

The U.S. Department of the Treasury today announced that Treasury Under Secretary for International Affairs Lael Brainard will travel to Moscow, Russia to attend the 2012 Asia-Pacific Economic Cooperation (APEC) Meeting of Finance Ministers on August 29-30, 2012. Under Secretary Brainard will participate in a meeting of regional finance ministers focused on policies to strengthen the global recovery and bring about strong, sustained and more balanced growth in order to boost job creation and incomes in the United States and throughout the APEC region. The APEC economies, comprising many of the most dynamic and fastest-growing economies in the world, account for almost 60 percent of U.S. goods exports. 

CFTC Proposes Inter-Affiliate Clearing Exemption

Date 16/08/2012

The Commodity Futures Trading Commission (CFTC) today issued a proposed rule to exempt swaps between certain affiliated entities within a corporate group from the clearing requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Section 723 of the Dodd-Frank Act added Section 2(h) to the Commodity Exchange Act to establish a clearing requirement for swaps