News Centre

Statement Of Support - Operations And Activities Of CPOs And CTAs – Part 4 - CFTC Chairman Gary Gensler

Date 23/08/2012

I support the final rule to amend certain provisions of Part 4 of the Commission’s regulations regarding the operations and activities of commodity pool operators (CPOs) and commodity trading advisors (CTAs). The amendments ensure that CFTC regulations with regard to CPOs and CTAs reflect changes made to the Commodity Exchange Act by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX Venture Composite Index

Date 23/08/2012

S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

U3O8 Corp. (TSXVN:UWE) will be removed from the S&P/TSX Venture Composite Index after the close of trading on Friday, August 24, 2012. The company will graduate to trade on TSX under the same ticker symbol. 

CFTC Approves Conforming Amendments To Part 4 Regulations Governing Operations And Activities Of Commodity Pool Operators And Commodity Trading Advisors

Date 23/08/2012

The Commodity Futures Trading Commission (CFTC) today approved final conforming amendments to Part 4 of its regulations, which govern the operations and activities of commodity pool operators (CPOs) and commodity trading advisors (CTAs). These amendments are necessary to reflect changes made to the Commodity Exchange Act by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The amendments were approved by the Commission via a seriatim vote of 5 to 0, and will become final 60 days from the date of publication in the Federal Register.

Program Trading Averaged 31.0 Percent Of NYSE Volume During Aug. 13-17

Date 23/08/2012

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 Aug. 13-17.

New York Fed Sells Remainder Of Maiden Lane III LLC Securities - Marks End Of AIG-Related Assistance - Approximately $6.6 Billion Net Gain Generated For U.S. Public From The Portfolio

Date 23/08/2012

The Federal Reserve Bank of New York (New York Fed) today announced the sale of the remaining securities in the Maiden Lane III LLC (ML III) portfolio.  The New York Fed’s management of the ML III portfolio will result in a net gain for the benefit of the public of approximately $6.6 billion, including $737 million in accrued interest on the New York Fed’s loan to ML III.  

NYSE Amex Options To Eliminate Position Limits For Options On SPY - Enhancing Transparency, Liquidity And Competition In The U.S. Options Market

Date 23/08/2012

NYSE Amex Options, one of NYSE Euronext’s (NYX) two leading U.S. options exchanges, today announced that it has become the first exchange to file for and receive approval from the U.S. Securities and Exchange Commission (SEC) to eliminate position limits for options on the SPDR® S&P 500® Exchanged-Traded Fund (“SPY”) on a fourteen-month pilot basis. Designed to meet growing demand by options customers to trade the most active class of options, this pilot program is launching immediately. NYSE Amex Options is the only options exchange that does not charge customers a fee to trade SPY options.

FIA Announces Hiring Of Dawn Stump As Head Of Government Affairs

Date 23/08/2012

The Futures Industry Association is pleased to announce that Dawn Stump will join the association as senior vice president and head of government affairs, starting Sept. 10. In this newly created position, Stump will lead and coordinate FIA’s relations with Congress and participate in the development and implementation of FIA’s legislative and regulatory strategy.

Financial Services Firms Must Have Trustworthy Outsourcing Partners

Date 23/08/2012

With data particularly sensitive to businesses in the financial services sector and with high profile IT failures taking place recently, the issue of trust is vital as businesses move to the cloud. 

Statement At SEC Open Meeting By Commissioner Elisse B. Walter

Date 23/08/2012

Thank you, Chairman Schapiro.

Next, we will consider adoption of final rules to implement Section 1504 of the Dodd-Frank Act. Section 1504 added Section 13(q) to the Exchange Act, which requires the Commission to issue final rules that require each resource extraction issuer to include in an annual report information relating to any payment made by the resource extraction issuer, a subsidiary of the resource extraction issuer, or an entity under the control of the resource extraction issuer to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals.

CFTC Charges Illinois Resident Donald A. Newell And His Company, Quiddity, LLC, With Running A Fraudulent Allocation Scheme, Making Material False Statements To The CFTC, And Recordkeeping Violations

Date 23/08/2012

The U.S. Commodity Futures Trading Commission (CFTC) today filed a federal civil enforcement action charging defendants Donald A. Newell of Glenview, Ill., and his Chicago-based company, Quiddity, LLC, with engaging in a scheme that fraudulently allocated commodity futures and options trades to benefit a corporate proprietary account, at the expense of customer accounts managed and traded by Quiddity. Newell owns and controls Quiddity and is a registered Associated Person of Quiddity, which is a registered Commodity Pool Operator and Commodity Trading Advisor.