News Centre

Open Commission Meeting For Consideration Of Rules Implementing The Dodd-Frank Act - CFTC Chairman Gary Gensler

Date 10/07/2012

Good morning. This meeting will come to order. This is a public meeting of the Commodity Futures Trading Commission (CFTC). I’d like to welcome members of the public, market participants and members of the media, as well as those listening to the meeting on the phone or watching the webcast.

FINRA Issues New Investor Alert: Exchange-Traded Notes—Avoid Unpleasant Surprises

Date 10/07/2012

The Financial Industry Regulatory Authority (FINRA) issued a new Investor Alert called Exchange-Traded Notes—Avoid Unpleasant Surprises to inform investors of the features and risks of exchange-traded notes (ETNs).

Statement Of Support - CFTC Chairman Gary Gensler - Final Rule On End-User Exception To The Clearing Requirement For Swaps

Date 10/07/2012

Final Rule on End-User Exception to the Clearing Requirement for Swaps

I support the final rule on the end-user exception to the clearing requirement for swaps. One of the primary goals of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) was to lower risk to the interconnected financial system by requiring standardized swaps between financial entities to be cleared.

SIFMA Testifies On Impact Of Dodd-Frank Act On Credit

Date 10/07/2012

SIFMA’s Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy, today testified before the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises to discuss the impact of certain provisions of Dodd-Frank and their impact on credit availability.

Statement Of Support - CFTC Chairman Gary Gensler - Proposed Exemption From The Clearing Requirement For Certain Swaps Executed By Cooperatives

Date 10/07/2012

Proposed Exemption from the Clearing Requirement for Certain Swaps Executed by Cooperatives

I support the proposed rule that would permit certain cooperatives to choose not to clear member-related swaps.

Tullett Prebon And Integral Partner To Launch Spot FX Platform

Date 10/07/2012

Tullett Prebon, one of the world’s leading inter-dealer brokers, announces the beta launch of tpSPOTDEAL, a spot FX platform, with Integral Development Corp. (‘Integral’)  as their chosen technology provider.

Direct Edge Announces New, Low-Cost Market Close Order Type

Date 10/07/2012

As part of Direct Edge's commitment to providing innovative, value-added services to our Members, Direct Edge will introduce the Edge Market Close^SM (EMC) order type, a new, low-cost alternative to participating in the market close. Direct Edge intends to launch the EMC on the EDGX Exchange (EDGX) in the fourth quarter of 2012, pending approval by the Securities and Exchange Commission (SEC).

Twenty-Eighth Commission Meeting To Consider: (1) Two Final Rules Providing An Exemption From The Clearing Requirement For End-Users And Further Defining Certain Product Definitions Under Title VII Of The Dodd-Frank Act - And (2) One Proposed Rule Providing Relief For Certain Cooperatives From The Clearing Requirement - Opening Statement Of CFTC Commissioner Scott D. O’Malia

Date 10/07/2012

I would like to begin by thanking the two teams that are about to present to the Commission two final rules and one proposed rule pursuant to the Commission’s exemptive authority. Both teams have worked closely with me and my staff over these last several months, and I am pleased to vote affirmatively for both the final rules and the proposal.

MGEX Announces Launch Of Apple Juice Concentrate Contract

Date 10/07/2012

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today announced the official launch date of August 13, 2012 for its new Apple Juice Concentrate (AJC) futures and options contract.  MGEX developed the AJC contract after thorough preparation and collaboration with many segments representing the AJC industry.  

Abacus Group Launches StorageBurst - Scalable Service Offers Immediate High-Capacity Storage For Data-Intensive Hedge Funds

Date 10/07/2012

Abacus Group LLC, a leading provider of hosted IT solutions for hedge funds and private equity funds, today unveiled StorageBurst^TM, an on-demand service that offers hedge funds a highly available, secure and redundant platform to store large amounts of data off-site. Offering flexible disaster recovery and archiving options, StorageBurst helps funds easily store and back up tick level data to meet regulatory requirements, easily scale to accommodate changing business needs, and reduce storage costs.