News Centre

Paula Drake Named Chief Counsel And Chief Compliance And Ethics Officer Of SEC's Office Of Compliance Inspections And Examinations

Date 09/07/2012

The Securities and Exchange Commission today announced that Paula Drake has been appointed an Associate Director to serve as Chief Counsel and Chief Compliance and Ethics Officer in the SEC's Office of Compliance Inspections and Examinations (OCIE). Starting August 6, Ms. Drake will oversee a staff of eight lawyers and coordinate the efforts of attorney advisors in the SEC's eleven regional offices.

Federal Court In Texas Orders Robert Mihailovich, Sr. And Growth Capital Management LLC To Pay Over $9.3 Million In CFTC Anti-fraud Action

Date 09/07/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained an order of permanent injunction against defendants Robert Mihailovich, Sr. (Mihailovich, Sr.) of Rockwall, Texas, and Growth Capital Management LLC (GCM) requiring Mihailovich, Sr. and GCM to make restitution to defrauded customers, disgorge ill-gotten gains, and pay a civil monetary penalty together, totaling over $9.3 million for fraudulently soliciting over $30 million from customers to trade commodity futures contracts and foreign currency (forex). The order also imposes permanent trading and registration bans against the defendants.

European Parliament: Bank Troubles And Eurozone's Future Shape Dominate Draghi Discussion

Date 09/07/2012

A "reasonable concept by the end of the year" for EU bank supervision is the top priority, ECB President Mario Draghi told Economic and Monetary Affairs Committee MEPs on Monday. The ECB could undertake this task, with the European Parliament having a central role to ensure democratic accountability and legitimacy, he insisted.

The Dow Jones-UBS Commodity Indexes’ Industry Commentary

Date 09/07/2012

This commentary is a monthly analysis of the commodities universe written by Christine Marie Nielsen, a veteran financial journalist. For eight years, Ms. Nielsen covered the Chicago futures exchange and economic news for Dow Jones Newswires. She's also hosted a syndicated radio show on the stock and futures markets from the floor of the Chicago Board of Trade. Ms. Nielsen currently works as an editor on MarketsWiki.com, an online open source knowledge project for current and historical information about the global exchange-traded capital, derivatives, environmental and related OTC markets.

DTCC Calls On Industry To "Fully Dematerialize" U.S. Financial Services Market

Date 09/07/2012

The Depository Trust & Clearing Corporation (DTCC) today outlined a proposal to fully dematerialize the U.S. financial services industry, helping reduce the costs and risks associated with existing physical securities.  The multi-year program is designed to further drive the elimination of all remaining physical certificates in the U.S. market. 

Dow Jones-UBS Commodity Indexes June 2012 Performance Report

Date 09/07/2012

The Dow Jones-UBS Commodity Index was up 5.49% for the month of June. The Dow Jones-UBS Single Commodity Indexes for corn, soybean meal and wheat had the strongest gains with month-end returns of 25.40%, 15.52% and 14.39%, respectively. The three most significant downside performing single commodity indexes were aluminum, tin and feeder cattle, which ended the month down 4.59%, 4.07%, and 3.41% respectively.

ESMA Publishes Two Q&A On UCITS

Date 09/07/2012

SMA has today published the following Q&A:

Notification of UCITS and exchange of information between competent authorities

Risk Measurement and Calculation of Global Exposure and Counterparty Risk for UCITS

Equinix To Provide Connectivity To BATS Global Markets’ Secondary Data Facility In Chicago - BATS To Leverage Platform Equinix In Chicago Metro-Area

Date 09/07/2012

Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, and BATS Global Markets, Inc. (BATS) today announced that Equinix will offer its customers connectivity to BATS’ secondary data center facility in Chicago.

SEC Approves Rules And Interpretations On Key Terms For Regulating Derivatives

Date 09/07/2012

The Securities and Exchange Commission late Friday took another step toward regulating the over-the-counter derivatives market by unanimously approving rules and interpretations for key definitions of certain derivative products.

Clearstream’s June 2012 Figures

Date 09/07/2012

In June 2012, the value of assets under custody held on behalf of customers registered a decrease of 2 percent to € 11.1 trillion (compared to € 11.3 trillion in June 2011). Securities held under custody in Clearstream’s international business increased by 2 percent from € 5.9 trillion in June 2011 to € 6.0 trillion in June 2012 – while domestic German securities held under custody decreased by 6 percent from € 5.4 trillion in June 2011 to € 5.0 trillion in June 2012.