News Centre

SIFMA Market Close Recommendations For The US Thanksgiving Day And Japanese Labor Thanksgiving Day Holidays In The US, The UK And Japan

Date 13/11/2012

 In observance of the US Thanksgiving Day and Japanese Labor Thanksgiving Day holidays, SIFMA made holiday recommendations in U.S., U.K., and Japan.

Remarks Of CFTC Chairman Gary Gensler Before Financial Stability Oversight Council

Date 13/11/2012

Good afternoon. As Secretary Geithner asked this Council to consider money market reforms, I think a key consideration is how policymakers find the appropriate balance. On the one hand, there’s what I’ll call the bear in the woods issue, and on the other hand, many of the alternatives being debated may significantly change the product that so many Americans rely upon.

FINRA Increases Transparency In The TBA Market For Agency Pass-Through Mortgage-Backed Securities

Date 13/11/2012

The Financial Industry Regulatory Authority (FINRA), on Monday November 12, significantly increased transparency in the so-called "To-Be-Announced" (TBA) market for agency pass-through mortgage-backed securities. This market represents more than $270 billion traded on an average daily basis in 8,400 trades. Through the Trade Reporting and Compliance Engine (TRACE), FINRA has begun disseminating TBA transaction information, including the CUSIP, time of transaction, price, size and other related information.

NYSE Euronext Hires Stacey Cunningham As Vice President, Relationship Management, Global Sales - "Great Strategic Fit" For Former NASDAQ OMX Sales Head And One-Time Specialist With Banc Of America Specialists

Date 13/11/2012

NYSE Euronext (NYX) today announced that Stacey Cunningham will join the company's Global Sales team as Vice President for U.S. Relationship Management with responsibility for account management including revenue production across the full suite of equities-based products and services. Ms. Cunningham will report to Christine Sandler, Executive Vice President, Global Sales and will begin her new role on Dec. 10, 2012.

New Oslo Børs Trading Platform For Equities And Fixed Income Instruments

Date 13/11/2012

Following a successful launch on Monday 12 November, Oslo Børs is now using one of the fastest and most advanced trading systems in the world. The Millennium Exchange trading platform is particularly suitable for modern trading methods, and strengthens Oslo Børs’ distribution to international broking firms and global investors.

Statement On Financial Transaction Tax And Savings At ECOFIN Council

Date 13/11/2012

I would like first to thank the Presidency for addressing the FTT at today's meeting. It is important to move forward quickly on this file, given the benefits that the FTT offers. We must also keep in mind the expectations of the European Council and of our citizens for quick results.

FESE European Equity Market Report – October 2012 Figures

Date 13/11/2012

The European Equity Market Report is a piece of analysis that allows for an accuratecomparison of trading statistics across European trading venues.

Direct Edge Trading Notice #12-54: EDGX Systems Change Implemented

Date 13/11/2012

As announced in Direct Edge Trading Notice #12-43, EDGX Exchange, Inc. (EDGX^®) identified inconsistencies between its order priority rule,Exchange Rule 11.8(a)(2), and existing functionality on EDGX. This notice confirms that EDGX has successfully implemented systems changes designed to ensure that orders are now assigned priority precisely as set forth in Exchange Rule 11.8(a)(2).

October 2012 FIF Market Share And Market Dynamics Reports – Executive Summary

Date 13/11/2012

U.S. Equities Market Share

• Share volumes traded across Tape A, B, and C increased 3% monthly and decreased 30% annually to 128 billion shares (see chart).
• In October 2012, off-exchange trading accounted for 33% of the shares traded in NMS Equity Securities.
• Share volumes in NYSE-listed securities increased 3% monthly and decreased 29% annually to 72 billion shares.
• NASDAQ-listed securities share volume increased 8% monthly and decreased 17% annually to 35 billion shares.

New York Attorney General Schneiderman Obtains $210 Million Settlement With IVY Asset Management In Connection With Madoff Ponzi Scheme - Defrauded Madoff Investors To Recoup Nearly All Of Their Investments - Schneiderman: This Settlement Is A Victory For Justice & Accountability For Many Victims Of Madoff’s Ponzi Scheme

Date 13/11/2012

Attorney General Eric T. Schneiderman today announced a settlement of over $210 million with the Ivy Asset Management, LLC, a Bank of New York Mellon subsidiary that advised clients to invest with Bernard Madoff. The settlement concludes lawsuits against Ivy by the Attorney General, the United States Department of Labor, and private plaintiffs, and provides for the payment of $210 million by the firm and approximately $9 million by other defendants. When added to future amounts Madoff investors anticipate receiving from the Madoff bankruptcy proceeding, today's settlement is expected to return all or nearly all the original investment to those defrauded by the Ponzi scheme in this case.