News Centre

Moody's Affirms (P)Aaa Rating For European Financial Stability Facility (EFSF)

Date 13/02/2012

Moody's Investors Service has today affirmed its provisional (P)Aaa long-term debt rating with a continued stable outlook for the debt issuance programme of the European Financial Stability Facility (EFSF). Moreover, Moody's has also affirmed the short-term rating of provisional (P)Prime-1 for the EFSF's debt issuance programme. Moody's assigns a provisional rating when it is highly likely that the rating will become definitive after all documents have been received.

SIFMA Market Close Recommendation For Presidents’ Day Holiday In The US, UK And Japanese Markets

Date 13/02/2012

In observance of the US Presidents’ Day Holiday in the United States, SIFMA made holiday recommendations in U.S., U.K. andJapan.

Rating Action: Moody's Adjusts Ratings Of 9 European Sovereigns To Capture Downside Risks

Date 13/02/2012

As anticipated in November 2011, Moody's Investors Service has today adjusted the sovereign debt ratings of selected EU countries in order to reflect their susceptibility to the growing financial and macroeconomic risks emanating from the euro area crisis and how these risks exacerbate the affected countries' own specific challenges.

Direct Edge Trading Notice #12-08: Market Holiday Reminder – President’s Day

Date 13/02/2012

EDGA Exchange, Inc. and EDGX Exchange Inc. will be closed on Monday, February 20, 2012, in observance of President’s Day and will resume normal trading hours on Tuesday, February 21^st. 

BM&FBOVESPA Announces Market Makers For Options On Stocks Of PDGR3, CSNA3 And CYRE3

Date 13/02/2012

BM&FBOVESPA announced today the winning institutions in the fourth selection process for market makers for equity options and Ibovespa options. The market maker obligation shall last twelve (12) months as of April 09, 2012.

Further Enhancements To DTCC'S Licensing & Appointments Service Supports Carrier Compliance With Distributor Training Regulations

Date 13/02/2012

The Depository Trust & Clearing Corporation DTCC) announced today that it has completed the highly-anticipated next phase of enhancements to its Licensing & Appointments LNA) service, one of the core solutions from its Insurance & Retirement Services I&RS) business that automates and centralizes the flow of producer information between insurance carriers and distributors. LNA is a service offering of National Securities Clearing Corporation, a DTCC subsidiary.

Viteos Extends Operational Services To Family Offices - Underserved Market To Benefit From Enterprise-Level Technology, Expertise, Efficiencies

Date 13/02/2012

Viteos,  a  leading,  global  provider  of  fundadministration, middle office and consulting services for the asset management community,today announced an expansion of its suite of services to family offices. Viteos has provided services to family offices over the past year.  The additional investment in, and expansion of the Viteos presence in family offices is a reflection of increased client demand and the need for experience and expertise in operations support  and accounting in this segment.

MIK Fund Solutions Experiences Record Annual Growth And Expands To The West Coast

Date 13/02/2012

MIK Fund Solutions, a leading provider of software solutions for hedge funds, today announced that it has experienced record growth over the last 12 months and has now also expanded to service the west coast. The increase is a reflection of market confidence in MIK’s unique set of products, domain experience and expertise as well as data deployment/use by and for global hedge funds.

Allen & Overy Submits Comments On Behalf Of Non-U.S. Banks Challenging Volcker Rule

Date 13/02/2012

The showdown between financial institutions and regulators over the ban on proprietary trading and fund investments officially begins today. 

This is the day financial regulators – including the SEC, Federal Reserve, FDIC and other agencies – have set as the deadline for public comment on the so-called Volcker Rule prohibiting institutions from trading certain securities and making certain investments in funds for their own accounts.  The final rule – named after former Federal Reserve Chair Paul Volcker – is set to take effect on July 21, which is the two-year anniversary of passage of the Dodd-Frank financial reform legislation.

Statement Of Dissent, FY 2013 President’s Budget And Performance Review - CFTC Commissioner Scott D. O’Malia

Date 13/02/2012

I respectfully dissent from the Fiscal Year 2013 Budget Submission for the Commission. This budget request, like several requests before it, makes an unsubstantiated case for a massive expansion in staffing that is both unrealistic and unsustainable in this deficit environment. The request for over 300 new FTEs above the current Spending Plan goal baseline of 710 FTEs amounts to an increase of roughly 43 percent. In terms of total budget funding, the request is $308 million, an increase of $103 million or 50 percent above the current level of $205 million. As I have stated many times before, an ever-expanding staff hiring plan is fiscally irresponsible and detrimental to the Commission’s already ailing technology programs. The Commission consistently fails to recognize that in the face of its broad new statutory authority to oversee and monitor both the futures and derivatives markets, it cannot afford to continue to push off the key development and deployment of high tech automated surveillance tools, real-time trade monitoring systems, integrated trade data capture and analysis tools and new risk analytics. I cannot sign off on any budget that would put the Commission’s ability to conduct its most basic surveillance and monitoring in jeopardy.