News Centre

Speech By SEC Chairman Mary Schapiro: Statement At SEC Open Meeting: Item 2 — Registration Of Securities-Based Swap Dealers And Major Security-Based Swap Participants

Date 12/10/2011

We will next consider a proposal that would establish registration rules for security-based swap dealers and major security-based swap participants.

Investing In Africa And Africa’s Capital Markets – Why Now?

Date 12/10/2011

SEC Proposes Rules For Registration Of Securities-Based Swap Dealers And Major Security-Based Swap Participants

Date 12/10/2011

The Securities and Exchange Commission today voted to propose rules that lay out the process by which security-based swap dealers and security-based swap participants must register with the Commission.

SEC Jointly Proposes Prohibitions And Restrictions On Proprietary Trading

Date 12/10/2011

The Securities and Exchange Commission today voted to propose a rule implementing the so-called "Volcker Rule" requirements. The requirements stem from Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Minutes Of The Federal Open Market Committee, September 20-21, 2011

Date 12/10/2011

The Federal Reserve Board and the Federal Open Market Committee (FOMC) on Wednesday released the attached minutes of the Committee meeting held on September 20-21, 2011.

Speech By SEC Chairman Mary Schapiro: Opening Statement At SEC Open Meeting: Item 1 — Prohibitions And Restrictions On Proprietary Trading

Date 12/10/2011

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on October 12, 2011.

The Commission today will consider two proposals stemming from the Dodd-Frank Wall Street Reform and Consumer Protection Act.

• First, we will consider whether to propose a rule to implement Section 619 of the Dodd-Frank Act — or what we commonly refer to as the Volcker Rule.
• Second, we will consider whether to propose new rules that would set out the registration process for security-based swap dealers and major security-based swap participants.

I would like to thank the U.K. Financial Services Authority and its technical staff as well as the Commission’s technical staff for making it possible for me to participate in this open meeting from London. Although I do not know if this is a first for the Commission, it certainly is a first for me, and I appreciate the effort that has gone into facilitating this transatlantic open meeting to propose these important Dodd-Frank Act rulemakings.

José Manuel Durão Barroso - President Of The European Commission - Speech By President Barroso: "A Roadmap To Stability And Growth"

Date 12/10/2011

Mr. President,

Presidency in office of the Council,

Honourable Members,

The European Council of 23 October will be held against a backdrop of urgency over the threat of systemic crisis now unfolding. There are many issues on the European agenda. The Minister of the Polish Presidency mentioned most of them. I will not of course go into detail of the many important challenges, from the conference in Durban to very important external items. I will today focus on the urgent response needed to the financial and economic crisis.

Response To ESMA Consultation On Systems And Controls

Date 12/10/2011

Significant technology advancements have been implemented by trading venues, in a bid to provide the investor with improved access to and interaction with the market. One of them is high frequency trading (HFT), which allows more accurate, granular and faster pricing of securities. Following the US Flash Crash - the roots of which are, for various reasons, specific to the US - the focuses has shifted to HFT and the potentially detrimental effects it may have on already volatile markets. It is important note that HFT makes a positive contribution to market quality; nonetheless, it is also vital to deal with the concerns surrounding HFT activity and its effect on market safety and integrity. Recent research conducted on the subject of HFT and market efficiency found that, to date, there is no direct evidence that HFT trading has increased volatility. In this regard, FESE welcomes this opportunity to outline the provisions taken by its members to foresee potential problems and the tools that they have put in place to safeguard against them.

ETF Quarterly Statistics: 3rd Quarter 2011 - A Record-Breaking Quarter: New Report Provides Detailed Figures On The Growth Of SIX Swiss Exchange's ETF Segment.

Date 12/10/2011

Monthly turnover in SIX Swiss Exchange's ETF segment was distinctly above CHF 10'000 million twice in a row last quarter. The CHF 13'767.8 million achieved in August was in fact an all-time record and the CHF 12'332.74 million in September the second-best result ever. In comparing the quarterly figures of Q3 2011 to those of the same period last year, the results have more than doubled, with CHF 33'398.6 million compared to 14'946.7 million.

NASDAQ Announces End-Of-Month Open Short Interest Positions In NASDAQ Stocks As Of Settlement Date September 30, 2011

Date 12/10/2011

At the end of the settlement date of September 30, 2011, short interest in 2,290 NASDAQ Global Market^SM securities totaled 7,336,588,704 shares compared with 7,496,281,312 shares in 2,295 Global Market issues reported for the prior settlement date of September 15, 2011. The end-of-September short interest represents 3.39 days average daily NASDAQ Global Marketshare volume for the reporting period, compared with 4.20 days for the prior reporting period.