News Centre

Remarks By FINRA Chairman And CEO Rick Ketchum At The Security Traders Association Annual Conference

Date 13/10/2011

Thank you Jim [Toes] for that introduction, and thanks STA for the invitation to join you this morning.

Today, I want to reflect on recent market structure changes and the volatility that has defined the markets over the last year. Since the flash crash of May 6, the markets have not really stabilized. The CBOE Volatility Index has hovered between 35 and 50 since August 2011 with no apparent end in sight. Given no relief-based macroeconomic news, as the SEC considers a proposal to introduce limit up/limit down restrictions to complement single stock trading pauses and a proposal to narrow the triggers for and shorten market-wide circuit breakers, I think it's a good time to assess whether the markets have been sufficiently shored up in response to May 6 and whether we should be thinking about additional steps, consistent with continuing to facilitate efficient price discovery and market liquidity.

Euro Crisis: MEPs Demand Harmonised Actions And Reforms

Date 13/10/2011

Parliament calls for an EU road map to exit the crisis in a resolution passed on Thursday. It advocates recapitalising European banks, further harmonising national tax systems, issuing Eurobonds and strengthening EU economic governance arrangements for the Eurozone.

UK's Financial Services Authority And SEC Hold Strategic Dialogue Meeting

Date 13/10/2011

Financial Services Authority (FSA) chief executive Hector Sants today met with US Securities and Exchange Commission (SEC) chairman Mary L Schapiro as part of the SEC-FSA Strategic Dialogue sessions established in 2006.

Warsaw Stock Exchange Promotes Polish Capital Market With US Institutional Investors

Date 13/10/2011

• The 2011 Polish Equities Conference with the Warsaw Stock Exchange takes place in New York on 13-14 October 2011
• The event promotes the Polish capital market and Polish public companies among US investors

Instinet Continues Global Equities, Options Volume Growth In Q3

Date 13/10/2011

Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today issued its global trading highlights for the third quarter.

NYSE Technologies Adds OTC Markets Group As New SFTI Destination - SFTI Offers Market Data And Quote And Messaging Connectivity To OTC’s 10,000+ OTC Securities

Date 13/10/2011

NYSE Technologies, the commercial technology unit of NYSE Euronext, today announced the availability of OTC Markets Group as a new destination on the Secure Financial Transaction Infrastructure® (SFTI®) network.  As one of the industry’s fastest, most resilient electronic message transmission networks, SFTI provides customers with highly reliable access to the financial markets and market participants through a single point of access.  This service is being rolled out across all SFTI Americas locations, allowing customers to access OTC Markets Group’s market data for the 10,000+ securities traded on OTC Markets’ OTC Link platform.

Securities Commission Malaysia: INIX’s Former CEO Fined RM1.1 Million For Authorising False Statement In Prospectus

Date 13/10/2011

The Kuala Lumpur Sessions Court today convicted and fined former chief executive officer of Inix Technologies Holdings Berhad (INIX) for authorising the furnishing of false statements in the company's prospectus and quarterly statements.

Industry Body Goes On Membership Drive - Revitalised ISITC Europe Aims To Strengthen Position With A Focus On Increasing Member Numbers

Date 13/10/2011

ISITC Europe, the industry group dedicated to improving the operational efficiency of the global financial industry, today announced it is launching a campaign to increase membership in the run up to its annual conference.

ESMA Publishes An Opinion On Practical Arrangements For The Late Transposition Of The UCITS IV Directive

Date 13/10/2011

The deadline for the transposition of the UCITS IV Directive into national legislation was 1 July 2011. However, most Member States (MS) have not yet fully transposed the Directive and its implementing measures. Late transposition can create difficult situations where some competent authorities may not have the legislative framework in place to allow a proper implementation of the Directive.

HKFE Announces Revised Margins For China Merchants Bank Futures

Date 13/10/2011

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Monday, 17 October 2011, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below.