News Centre

Standard & Poor's Announces Changes In The S&P/TSX SmallCap Index

Date 02/11/2011

Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:

Shareholders of Open Range Energy Corp. (TSX:ONR) approved on November 1, 2011, the Plan of Arrangement whereby the company will spin out its modular fracturing fluid tank rental business to shareholders. For every share of Open Range held, shareholders will receive 0.8839 shares of a new company named Poseidon Concepts Corp. Poseidon Concepts will trade on TSX for the first time (the ex-date of the spin-off) on November 4, 2011, under the ticker symbol "PSN" and CUSIP number 73731R 10 3. The spun out shares of Poseidon Concepts will be added at zero price to the S&P/TSX SmallCap and Equity SmallCap Indices after the close of trading on Thursday, November 3, 2011. Effective after the close of Friday, November 4, 2011, the shares of Poseidon Concepts will be removed from the same two indices.

SIFMA Opposes Latest Financial Transaction Tax Legislation

Date 02/11/2011

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy in response to legislation introduced by Senator Tom Harkin and Representative Peter DeFazio to impose a tax on trades of stocks, bonds and derivatives contracts.

Federal Court Orders Charlotte, NC, Couple And Their Companies To Pay $24 Million For Defrauding Customers In Foreign Currency Ponzi Scheme

Date 02/11/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced it obtained a federal court supplemental consent order requiring defendantsSidney S. Hanson, Charlotte M. Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC, to pay $24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme (see CFTC Press Release 5689-09, August 7, 2009).

CBOE Futures Exchange October Volume Up 88% Versus Year Ago - VIX Futures ADV Was 42,760 Contracts For The Month - Year-To-Date Volume At CFE Surpasses 10-Million-Contract Mark

Date 02/11/2011

The CBOE Futures Exchange, LLC (CFE) today announced that October 2011 total trading volume and average daily volume (ADV) rose 88 percent versus a year ago.  Trading volume in futures on the CBOE Volatility Index (VIX) remained active as 42,760 contracts traded per day during the month.  For the year, total trading volume at CFE surpassed the 10-million-contract mark during October. 

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The November 1-2 FOMC Meeting

Date 02/11/2011

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached table and charts summarizing the economic projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the November 1-2 meeting of the Committee.

TMX Group – Consolidated Trading Statistics October 2011 - Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal Exchange, Natural Gas Exchange

Date 02/11/2011

TMX Group Inc. today announced October trading statistics for its diversified group of exchanges – Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange (MX) and Natural Gas Exchange (NGX), as well as TMX Select, TMX Group's alternative trading system.

Financial Stability Board: Global Adherence To Regulatory And Supervisory Standards On International Cooperation And Information Exchange

Date 02/11/2011

The Financial Stability Board (FSB) today published a  statement providing information on the jurisdictions evaluated to date under its initiative to encourage the adherence of all countries and jurisdictions to regulatory and supervisory standards on international cooperation and information exchange.

CME Group Statement Regarding MF Global

Date 02/11/2011

CME Clearing is holding substantial excess margin collateral from MF Global Inc. ("MF Global") and therefore continues to be in a strong financial position, both with respect to MF Global and more generally. MF Global's customer positions on CME Group exchanges were and continue to be substantially over-collateralized at CME Clearing. As of today, the proprietary positions of MF Global have been liquidated with no adverse market impact, leaving a substantial part of that collateral to be applied to MF Global's obligations at CME.

Business Bermuda And Bermuda Stock Exchange To Host 3rd Annual Bermuda Briefing In Toronto On Thursday, November 17th - Leading Government Officials, Regulators And Business Executives To Highlight Strengthening Of Bermuda/Canada Partnership As A Result Of TIEA, Regulatory Excellence, Economic Strength And Trading Opportunities

Date 02/11/2011

Business Bermuda and the Bermuda Stock Exchange will host the 3^rd Annual Bermuda Briefing on Thursday, November 17^th beginning at 2 p.m. and closing with a networking cocktail event.  The Briefing will be held in the offices of co-sponsor, Bennett Jones LLP, 34^th Floor, First Canadian Place, Toronto. 

European Commission President Barroso Appeals For National And Political Unity In Greece

Date 02/11/2011

Arriving at the G20 in Cannes and ahead of this afternoon's consultation and working meetings, European Commission President Barroso made the following statement:

"I want to make a very urgent and heartfelt appeal for national and political unity in Greece."