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  • R.J. O’Brien Appoints Gabriele CFO Of Holding Company

    Date 05/09/2012

    R.J. O’Brien & Associates (RJO), the nation’s oldest and largest independent futures brokerage and clearing firm, announced that Jim Gabriele joins the firm today as Executive Vice President and Chief Financial Officer (CFO) of the firm’s holding company, RJO Holdings Corp.  Gabriele, 45, has spent more than two decades in senior operational, financial, management and consulting roles for alternative investment and brokerage firms.

  • Press Conference By Tadahiro Matsushita, Japan's Minister For Financial Services

    Date 05/09/2012

    [Questions & Answers]

    Q.

    I have two questions. First, could you explain the key points of the Financial Services Agency's (FSA's) request related to the fiscal year 2013 tax reform, the draft of which I understand has been finalized?

    A.

    Regarding the request related to the fiscal year 2013 tax reform, we are still doing the finishing touches, so I cannot mention details. However, in light of the Comprehensive Strategy for the Rebirth of Japan, which was adopted upon a cabinet decision on July 30, we are considering requesting the introduction of the Japanese version of the ISA (Individual Savings Account: tax exemption for dividend income and capital gains related to small-amount investments in listed stocks) as a permanent measure and a fundamental review of the financial and securities tax system, which promotes the unification of financial income taxation. We are also considering requesting support for the rehabilitation of small and medium-size enterprises (SME) against the background of the expiration of the SME Financing Facilitation Act at the end of the fiscal year 2012. These will be the centerpieces of our request.

    As for the specifics of our request related to the fiscal year 2013 tax reform, the FSA staff will provide appropriate explanations to you after the submission of the request. We will flesh out the request further by the submission deadline of September 7. I would like you to wait for a while for our explanations.

    At yesterday's meeting of cabinet ministers on overcoming deflation, I explained the FSA's activities and approach to tax systems that I mentioned.

  • CME Group Volume Averaged 10.3 Million Contracts Per Day In August 2012

    Date 05/09/2012

    CME Group, the world's leading and most diverse derivatives marketplace, today announced that August 2012 volume averaged 10.3 million contracts per day, down 40 percent from an all-time record in August 2011 that was driven by extremely high market turbulence that month.  Total volume for August 2012 was more than 237 million contracts, of which 86 percent was traded electronically.

  • European Commission Consultation On Benchmarks And Market Indices Launched Following LIBOR Manipulation

    Date 05/09/2012

    Following the recent manipulation of LIBOR, the Commission has today launched a consultation inviting stakeholders to comment on possible new rules for the production and use of indices serving as benchmarks in financial and other contracts.

  • Platts: Continental European Day-Ahead Power Prices Rose 7% In August - U.K. & Continental Natural Gas Prices Down versus July - Up versus August 2011

    Date 05/09/2012

    Continental European day-ahead power prices rose more than 7% month-on-month in August as reduced nuclear power generation operations in France and Belgium continued to tighten supply for the region, according to Platts, a leading global provider of energy, petrochemicals and metals information.