News Centre

OSE Announces Launch Date For OSE DJIA Futures

Date 24/04/2012

Osaka Securities Exchange Co., Ltd. (OSE) today announced that it will launch futures contracts based on the Dow Jones Industrial AverageSM (*) (“OSE DJIA Futures”) on Monday, May 28, 2012, subject to market readiness.

Egan-Jones Ratings Co. And Sean Egan Charged With Making Material Misrepresentations To SEC

Date 24/04/2012

The Securities and Exchange Commission today announced charges against Egan-Jones Ratings Company (EJR) and its owner and president Sean Egan for material misrepresentations and omissions in the company’s July 2008 application to register as a Nationally Recognized Statistical Rating Organization (NRSRO) for issuers of asset-backed securities (ABS) and government securities. EJR and Egan also are charged with material misrepresentations in other submissions furnished to the SEC and violations of record-keeping and conflict-of-interest provisions governing NRSROs.

Testimony By Richard G. Ketchum, Chairman & CEO, FINRA Before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Date 24/04/2012

I am Richard Ketchum, Chairman and CEO of the Financial Industry Regulatory Authority, or FINRA. On behalf of FINRA, I would like to thank you for the opportunity to testify today.

KCBT Raises HRW Wheat Minimum Margins For Inter-Crop Year Spreads

Date 24/04/2012

The Kansas City Board of Trade has raised its minimum margins for the hard red  winter wheat futures contract and wheat calendar swaps inter-crop year spreads.  The changes go into effect on business date April 24.

FTSE Group Launches FTSE US Total Market Index Series - New Series Is Broadest US Domestic Index Available

Date 24/04/2012

FTSE Group (“FTSE”), the award-winning global index provider, today announces the launch of the FTSE US Total Market Index Series (FTSE US TMI Series), a comprehensive domestic index series which aims to provide US and international investors with the most broad-based representation of the US equity market.

U.K. Treasury Committee Takes Evidence From Credit Rating Agencies

Date 24/04/2012

This is the third evidence session of the Treasury Committee's inquiry into credit rating agencies.

ISDA Enhances CDS Marketplace Website

Date 24/04/2012

The International Swaps and Derivatives Association, Inc. (ISDA) today announced several key enhancements from Fitch Solutions to the ISDA CDS Marketplace^SM (www.isdacdsmarketplace.com), a website that brings together information, data and statistics on the credit default swaps (CDS) business.

Speech By Vítor Caldeira, President Of The European Court Of Auditors Budgetary Control Of The European Financial Stability Facility (EFSF), The European Financial Stabilisation Mechanism (EFSM) And The European Stability Mechanism (ESM)

Date 24/04/2012

Mr Chairman,

Members of the Committee,

Distinguished guest speakers

I would like to thank the Committee, and in particular the rapporteur Mrs Iliana Ivanova, for arranging this important hearing and for giving me the opportunity to contribute.

London Metal Exchange Membership Application - BOCI Global Commodities (UK) Limited

Date 24/04/2012

Please note that pursuant to Notice 12/087: A086: W053 of 28 March 2012, at a meeting of the board of directors, the under mentioned was approved for Membership of The London Metal Exchange Limited under the category stated.

Testimony Before The United States Senate Committee On Banking, Housing, And Urban Affairs, By CFTC Commissioner Jill E. Sommers

Date 24/04/2012

Good morning Chairman Johnson, Ranking Member Shelby, and members of the Committee. Thank you for inviting me today to discuss the collapse of MF Global, lessons learned, and policy implications. Over the past five and a half months the Commodity Futures Trading Commission has conducted a thorough analysis of the books and records of MF Global and continues to work closely with the Trustee in the SIPA bankruptcy proceeding to recover customer funds. We are also engaging in a comprehensive and ongoing enforcement investigation. It is imperative that the Commission, the industry, and the Congress identify and assess the causes for the collapse and shortfall in customer funds and to take corrective action where possible. Chairman Gensler has directed Commission staff to develop recommendations for enhancing Commission and designated self-regulatory organization (DSRO) programs related to the protection of customer funds, which could include changes to Commission rules governing futures commission merchants (FCMs), enhanced Commission oversight of DSROs, and possible statutory changes, among other things. We must do everything in our power to restore confidence in the futures markets so that producers, processors and other end-users of commodities can once again hedge their price risks without fear of their funds being frozen or lost.