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Direct Edge Regulatory Notice #12-02: Enhancements To Electronic Blue Sheet Submissions

Date 01/02/2012

Overview

This Regulatory Notice (the “Notice”) serves to inform Members of EDGA Exchange, Inc. and EDGX Exchange, Inc. (together, the “Exchanges”) that the Exchanges and certain members of the Intermarket Surveillance Group (collectively, the “ISG interested members”)¹ are enhancing the Electronic Blue Sheets (the “EBSs”) required to be submitted under the Exchanges’ Rule 4.2. These changes are being implemented to improve the regulatory agencies' ability to analyze trading activities and to support compliance with a Securities and Exchange Commission (the “SEC”) rule.

OCC Cleared Contract Volume Declined 12% In January

Date 01/02/2012

OCC announced today that total cleared contract volume January reached 337,222,938 contracts, a 12 percent decline from the January 2011 volume of 381,558,077 contracts. Despite this decline, January 2012 is now the third highest January volume on record.

SEC Charges Former Credit Suisse Investment Bankers In Subprime Bond Pricing Scheme During Credit Crisis

Date 01/02/2012

The Securities and Exchange Commission today charged four former veteran investment bankers and traders at Credit Suisse Group for engaging in a complex scheme to fraudulently overstate the prices of $3 billion in subprime bonds during the height of the subprime credit crisis.

The Europe Dow Rose 3.15% In January, According To Dow Jones Indexes - Daimler Topped All 30 Europe Dow Components With 25.59% Gain For The Month - Investors ‘Selective’ In Identifying Large-Cap, European Equity Opportunities In January

Date 01/02/2012

The Europe Dow, an equal-weighted index that measures 30 of the continent’s leading blue-chip stocks, gained 3.15% in January, according to data compiled by Dow Jones Indexes, a leading global index provider.

Kevin M. Bertsch, Associate Director, Division Of Banking Supervision And Regulation - Banking Supervision - Before The Subcommittee On Financial Institutions And Consumer Credit, Committee On Financial Services, U.S. House of Representatives, Washington, D.C., February 1, 2012

Date 01/02/2012

Chairwoman Capito, Ranking Member Maloney, and members of the Subcommittee, I appreciate the opportunity to appear before you today to discuss the Federal Reserve's perspective on H.R. 3461, the "Financial Institutions Examination Fairness and Reform Act." The Federal Reserve supervises more than 5,000 bank holding companies and 825 state-chartered banks that are members of the Federal Reserve System (state member banks). As of July last year, it also assumed responsibility for the supervision of more than 430 savings and loan holding companies. The Federal Reserve shares the subcommittee's interest in ensuring a fair examination process and providing banks with a robust and transparent process for appealing material supervisory determinations with which they disagree.

The Majority Of Companies Rate Swedish Financial Supervisory Authority - Finansinspektionen - Positively

Date 01/02/2012

As part of its business follow-up in 2011, Finansinspektionen has surveyed how companies subject to supervision perceive FI's method of working.

Trading On The Warsaw Stock Exchange – January 2012

Date 01/02/2012

• The monthly value of trading in shares was PLN 17.8 billion; the volume of trading in derivatives was over 0.8 million instruments.
• The value of session trading on the Main Market in January decreased by 12.6% year on year while the WIG index lost 13.2% over that period.
• The number of session transactions was 1.09 million in January 2012, as compared to 1.11 million in January 2011.
• Continuing high investor interest in currency futures increased the volume of trading in currency futures by 114.7% year on year.
• Treasury BondSpot Poland reported the highest ever monthly value of cash transactions: over PLN 40 billion (+208.2% year on year).

The Options Industry Council Announces January Volume Declined 11 Percent

Date 01/02/2012

The Options Industry Council (OIC) announced today that 335,399,999 total options contracts changed hands in January, which is down 11.38 percent compared to January of last year when 378,480,506 contracts were traded.

Average Daily Volume Of 8.2 Million Contracts At Eurex Group In January

Date 01/02/2012

In January 2012, the international derivatives exchanges of Eurex Group recorded an average daily volume of 8.2 million contracts (Jan 2011: 10.4 million). Of those, 5.5 million were Eurex Exchange contracts (Jan 2011: 7.1 million), and 2.7 million contracts were at the U.S.-based International Securities Exchange (ISE) (Jan 2011: 3.3 million). In total, 174.1 million contracts were traded, thereof 120.3 million at Eurex and 53.8 million at the ISE.

Deutsche Börse: Xetra Turnover In January At 99 Billion Euros - 19.7 Million Transactions On Xetra

Date 01/02/2012

Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at €104.4 billion in January – a decrease by 14 percent year-on-year (January 2011: €121.7 billion). Of the €104.4 billion, €99.1 billion were attributable to Xetra – a decrease by 13 percent y-o-y (January 2011: €114.3 billion). €5.3 billion were attributable to the Xetra Frankfurt specialist trading, a 30 percent decrease y-o-y (January 2011: €7.5 billion). Order book turnover on Tradegate Exchange* totalled approximately €3.2 billion in January.