News Centre

NYSE Liffe Introduces Market Participant Programme For Latin America

Date 05/12/2011

NYSE Liffe, the global derivatives business of NYSE Euronext (NYX), today announced the introduction of a Market Participation Programme (MPP) for Latin American based participants.

Remarks Before The 2011 AICPA National Conference On Current SEC And PCAOB Developments By James L. Kroeker, Chief Accountant, Office Of The Chief Accountant, U.S. Securities And Exchange Commission

Date 05/12/2011

Introduction

Good morning and thank you Brad [Davidson] for the kind introduction, and thanks once again for the invitation to share my views at this 39th annual AICPA National Conference on Current SEC and PCAOB Developments. It has been very exciting time to be a member of the Staff of the SEC, and we have much to update you about during the course of this conference.

UBS Joins Chi-X Global Ownership Consortium

Date 05/12/2011

UBS AG has acquired an equity stake in Chi-X Global Holdings LLCand will join the consortium of five financial institutions that recently bought a minority stake in the firm, Chi-X Global announced today.

IMF Executive Board Completes Fifth Review Under Stand-By Arrangement For Greece And Approves EUR2.2 Billion Disbursement

Date 05/12/2011

The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Greece’s economic performance under a program supported by a three-year Stand-By Arrangement (SBA) for Greece. The completion of the review enables the immediate disbursement of an amount equivalent to SDR1.9 billion (about €2.2 billion), bringing total Fund disbursements under the SBA to an amount equivalent to SDR 17.5 billion (about €20.3 billion).

ISE Introduces ISE SPY Bear Option Overlay Index And ISE SPY Bull Option Overlay Index - Unique Packaged Options Strategy Indexes Provide Straightforward Access To Spread Trades

Date 05/12/2011

The International Securities Exchange (ISE) has created the ISE SPY Bear Option Overlay Index (symbol: VCS) and ISE SPY Bull Option Overlay Index (symbol: VPS), two innovative new indexes that track the performance of a diversified portfolio of vertical call or put spread strategies* based on the SPDR® S&P 500® ETF (symbol: SPY). The indexes provide leveraged directional exposure to the underlying ETF and give investors the ability to track two popular trading strategies on the most actively traded ETF.

LCH.Clearnet’s SwapClear Launches Major Enhancements To FCM Service -- Significant Upgrades Include Extended Choice Of Collateral, Increased Connectivity, Enhanced Trade Submission And Risk-Free Compression

Date 05/12/2011

LCH.Clearnet Limited (LCH.Clearnet), the world’s leading independent clearinghouse and a CFTC-regulated DCO, today announced that it has gone live with significant enhancements to its SwapClear service. Following extensive consultation with the buy side and Futures Commission Merchants, SwapClear now accepts a broader range of collateral for initial margin and offers increased connectivity and variable notional swaps. In addition, the platform offers risk-free compression and flexible trade submission and is now directly accessible via TradeWeb and Bloomberg (VCON and Electronic Trading) through SwapClear’s ClearLink API in addition to MarkitSERV.

Opening Statement Before A Meeting Of The Commodity Futures Trading Commission, Washington, DC - CFTC Chairman Gary Gensler

Date 05/12/2011

Good morning. This meeting will come to order. This is a public meeting of the Commodity Futures Trading Commission (CFTC) to consider final and proposed rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). I’d like to welcome members of the public, market participants and members of the media, as well as those listening to the meeting on the phone or watching the webcast.

The Autorité Des Marchés Financiers Enforcement Committee Sanctions Two Investment Management Companies For Their Failure To Establish And Maintain Procedures That Could Have Allowed Them To Identify The Risks Relating To Some Of Their “Madoff” Investments

Date 05/12/2011

By  decisions  of  21  October  2011,  the  Enforcement  Committee  ruled  that  two  asset  managementcompanies had failed to fulfil notably their obligations of due diligence and professionalism in controlling the risks of investments made for third parties, and therefore pronounced financial sanctions of amounts proportional to the gravity of these breaches and the size of each of the companies

• €300,000 against EIM France SAS (“EIM” hereafter)
• €150,000 against Alternative Leaders France (“ALF” hereafter).

Dow Jones Islamic Market Indexes Commentary: November 2011 Plunge In DJIM Basic Materials Index Rekindles Regional Fears Of 2012 Recession

Date 05/12/2011

Many of the world’s central banks were quite active in the financial markets during the month of November. But while worldwide markets cheered November 30’s move by a group of central banks to cut the rate it charges the European Central Bank (ECB) for short-term dollar loans, the reaction to Middle Eastern intervention was not as well received. The United Arab Emirates (UAE) central bank’s attempt in November to provide market liquidity via purchases of US Treasury notes didn’t help The Dow Jones Islamic Market Basic Materials Index, which plunged 4.27% for the month, rekindling regional fears of a 2012 economic recession.

CFTC Commissioner Jill E. Sommers: Opening Statement Before The Sixth Open Meeting To Consider Final Rules Pursuant To The Dodd-Frank Act

Date 05/12/2011

Thank you Mr. Chairman. I too would like to welcome Commissioner Wetjen to his first CFTC Dodd-Frank open meeting. And, as always, I thank the teams who have worked so diligently on the two final rules and the proposal we are considering today. The longs hours you have committed to the documents before us today are very much appreciated.