News Centre

ICE Announces Launch Of 21 New OTC Emissions Contracts

Date 08/08/2011

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 21 new OTC North American emissions contracts. All of the new forward contracts will be available for the trade date of Monday, August 29, 2011, and options will be available Monday, September 19, 2011.

OCC Statement Regarding The S&P Rating Change On OCC Counterparty Risk

Date 08/08/2011

Standard & Poor’s has continued its lockstep approach of linking the ratings of a number of financial institutions and instruments to its rating of U.S. sovereign debt. Following the downgrade of U.S. sovereign debt to AA+ on Friday, S&P has now downgraded OCC, The Depository Trust Co. (DTC), National Securities Clearing Corp. (NSCC), and Fixed Income Clearing Corp. (FICC) to AA+ today.

DTCC Media Statement On S&P Credit Rating Revision On Clearing Subsidiaries - Strength Of Company And Effectiveness In Protecting Financial Markets Remain Unchanged

Date 08/08/2011

The Depository Trust & Clearing Corporation (DTCC) today issued the following statement in response to the decision by Standard & Poor’s (S&P) to downgrade S&P’s AAA rating on three of DTCC’s clearing subsidiaries, National Securities Clearing Corporation (NSCC), The Depository Trust Company (DTC) and Fixed Income Clearing Corporation (FICC):

DTCC remains confident in its effectiveness as the leading infrastructure and central counterparty for the cash equities and fixed income markets. The fundamental strengths of our company are the same today as they were prior to this recent revision in the S&P AAA ratings we’ve consistently earned for these three clearing subsidiaries.

Emerging Markets Stock Exchange M&A Activity To Accelerate – PwC Report

Date 08/08/2011

The emerging markets will drive the next wave of transformational change and deal-making in the exchanges sector. This is according to a new report by PwC, ‘Trading blocs – what next for the stock exchanges?’. The report suggests the most viable growth options for Western exchanges are to focus on developing post-trade clearing and settlement capabilities or fostering ties with emerging market players. 

CME Group Announces New Heads For Equity And Interest Rate Businesses

Date 08/08/2011

CME Group, the world's leading and most diverse derivatives marketplace, today announced additions to its product leadership team.

Options Industry Sets New Daily Volume Record With 39,530,495 Contracts Traded On Friday, August 5, 2011

Date 08/08/2011

OCC announced that a new daily options trading volume record was set on Friday, August 5, 2011 when 39,530,495 contracts were traded. This is 9.41 percent higher than the previous record of 36,132,133 contracts set on August 4, 2011.

CME Clearing Is Not Planning To Adjust Haircuts Following S&P Rating Change To U.S.

Date 08/08/2011

CME Clearing President Kim Taylor made the following statement regarding the recent S&P change to the U.S.'s AAA credit rating:

"CME Clearing has evaluated the market situation surrounding the U.S. downgrade and has determined that there is no current need for changes to our collateral haircuts or policies for accepting U.S. Treasuries as margin collateral. We will continue to monitor the liquidity environment and advise market participants if the environment changes."

ISE And Horizon Kinetics Launch Horizon Kinetics ISE Wealth Index

Date 08/08/2011

The International Securities Exchange (ISE) announced today that it has partnered with Horizon Kinetics LLC (Horizon Kinetics), an independently-owned and operated investment boutique, to launch the Horizon Kinetics ISE Wealth Index (Ticker: RCH). 

Dow Jones Indexes, UBS Investment Bank Launch Dow Jones-UBS Roll Select Commodity Index - New Index Designed To Mitigate Effects Of Contango On Index Performance

Date 08/08/2011

Dow Jones Indexes, a leading global index provider, and UBS Investment Bank today announced the launch of the Dow Jones-UBS Roll Select Commodity Index, a gauge that aims to mitigate the negative effects of contango on index returns.

U.S. And Chinese Regulators Meet In Beijing On Audit Oversight Cooperation

Date 08/08/2011

The Sino-U.S. Symposium on Audit Oversight was held in Beijing on July 11-12, 2011. In attendance were officials from the U.S. Securities and Exchange Commission, U.S. Public Company Accounting Oversight Board (PCAOB), China Securities Regulatory Commission (CSRC), and Chinese Ministry of Finance (MOF). The symposium, which was contemplated by the outcomes of the third U.S.-China Strategic and Economic Dialogue (S&ED), represented an important step toward Sino-U.S. cooperation on audit oversight of public companies. At the symposium, the officials briefed each other on their respective audit oversight system and inspection procedures. They also exchanged views on how to deepen cooperation on cross-border audit oversight.