News Centre

CFTC’s Division Of Market Oversight Issues Time-Limited No-Action Relief From The Post-Allocation Swap Timing Requirement Of § 45.3(e)(ii)(A) Of The Commission’s Regulations

Date 13/12/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today issued a letter providing relief from the post-allocation swap timing requirement of § 45.3(e)(ii)(A). The Division’s no-action letter provides extended post-allocation reporting deadlines for swaps that meet certain criteria, provided that specific conditions are met. The no-action letter permits parties to a swap to fulfill their reporting obligations regarding post-allocation swaps in a timely manner while acknowledging jurisdictional, global time zone and legal holiday differences. The relief expires no later than June 30, 2013.

Program Trading Averaged 30.0 Percent Of NYSE Volume During Dec. 3-7

Date 13/12/2012

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms' executed volume from NYSE's orders database.  The report includes trading on the NYSE for Dec. 3-7.

Japan's Securities And Exchange Surveillance Commission: Recommendation For Administrative Monetary Penalty Payment Order For Market Manipulation Of The Shares Of Yahoo Japan Corporation

Date 13/12/2012

1. Contents of the recommendation

Pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency (FSA), on December 13, 2012, the Securities and Exchange Surveillance Commission (SESC) made a recommendation that the Prime Minister and the Commissioner of FSA shall issue an administrative monetary penalty payment order for market manipulation of the shares of Yahoo Japan Corporation. This recommendation is based on the findings of the investigation of market manipulation, whereby the following violations of laws and ordinances were identified.

Statement On ICI & Chamber Of Commerce V. CFTC: CFTC Chairman Gary Gensler

Date 13/12/2012

"I am pleased the D.C. District Court has upheld the Commission's Commodity Pool Operator Registration and Reporting rule, and in particular, the court's affirmation of the agency's consideration of costs and benefits. I commend the rule writing, economic and legal teams at the CFTC for their excellent work and dedication."

Recovery And Resolution Of Credit Institutions: EESC Makes Concrete Proposals For Adequate Implementation

Date 13/12/2012

The financial crisis has shown that national authorities are not fully equipped to deal with failures of banks that operate in today's global markets. Between October 2008 and October 2011, governments injected EUR 4.5 trillion (37% of EU GDP) of public money into the banking sector.

Jack Ehnes Of CalSTRS To Chair FTSE Environmental Markets Committee

Date 13/12/2012

FTSE Group (“FTSE”), a leading global index provider and a pioneer in responsible investment, announced that Jack Ehnes, CEO of CalSTRS (California State Teachers’ Retirement System) will serve as the new chairman of the FTSE Environmental Markets Committee.  The announcement comes on the fifth anniversary of FTSE’s Environmental Market Index Series and its partnership with Impax Asset Management, the environmental markets specialist that FTSE worked with to develop the market-leading classification system underpinning the Series.

Danforth Townley Named Attorney Fellow In SEC’s Division Of Investment Management

Date 13/12/2012

The Securities and Exchange Commission today announced that Danforth Townley has been appointed an Attorney Fellow in its Division of Investment Management, which protects investors and promotes capital formation through oversight and regulation of the nation’s multi-trillion dollar investment management industry.

ICE Announces 2013 UK Auction Calendar For EU Allowances

Date 13/12/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today announced the calendar for emissions auctions taking place on ICE Futures Europe in 2013. The auctions will be hosted by the Exchange on behalf of the UK's Government Department of Energy and Climate Change (DECC).

CFTC Charges Calif. Company Arista LLC And Calif. Residents Abdul Sultan Walji And Reniero Francisco With Fraud In Operating $9.5 Million Commodity Pool - Federal Court Issues Emergency Order Freezing The Defendants' Assets, Permitting Expedited Asset Discovery, And Protecting Books And Records

Date 13/12/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a civil enforcement action in the U.S. District Court for the Southern District of New York againstArista LLC, a registered Commodity Pool Operator (CPO) with its principal place of business in Newport Coast, Calif., and its principals Abdul Sultan Walji (a/k/a Abdul Sultan Valji) andReniero Francisco, both California residents. The CFTC complaint charges the defendants with defrauding investors in connection with operating a commodity pool to trade commodity futures contracts and options, making false statements to pool participants, misappropriating pool funds, and making false statements in filings with the National Futures Association (NFA). The CFTC complaint also charges the defendants with failing to register with the CFTC during Arista’s first year of operating as a CPO.

Exercise Of Ibovespa Options Generates BRL 7.06 Billion Financial Volume On BM&FBOVESPA

Date 13/12/2012

The exercise of options on the BOVESPA Index (Ibovespa) generated BRL 7.06 billion yesterday, with 115,090 contracts traded. Of the volume exercised, BRL 4.17 billion was in put options and BRL 2.89 billion in call options.