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TABB Examines Adoption Of New Structures And Technologies Moving Equity-Style ETF Trading Into Corporate Bond Liquidity - Trading In US Corporate Bond ETFs Accelerated During First Half Of 2012, Accounting For Average Daily Bond Volumes Of $262M In Investment Grade And High-Yield Markets

Date 13/09/2012

In spite of the boom in the US primary markets this month, the corporate bond industry faces a level of demand among asset managers far greater than issuance, leading to the adoption of new structures and technologies driving a rise in equity-style, fixed-income exchange-traded fund (ETF) use. In new research published today, TABB Group estimates trading in US corporate bond ETFs accelerated during the first half of 2012, accounting for average daily bond volumes of $262 million, specifically $146 million in par value in the investment grade and $116 million in par value in the high-yield markets.  “As corporate bond ETF trading accelerates,” says Henry Chien, research analyst and author of “Corporate Bonds and the ETF: Odd-Lot Arbitrage,” “unique liquidity dynamics and information flow of ETFs will increasingly impact prices and trading behavior in the underlying bond markets.”    

Vienna 2 Initiative Holds Workshop On Cross-Border Bank Supervision And Resolution In Emerging Europe

Date 13/09/2012

The Steering Committee of the Vienna 2 Initiative organized a high-level workshop on the topic of bank supervision, resolution and banking union with particular regard to emerging Europe in London on 12 September 2012.

2012 Annual North American Conference Of The International Swaps And Derivatives Association (“ISDA”) - Commissioner Mark P. Wetjen, September 13, 2012

Date 13/09/2012

I would like to thank Steve O’Connor, Bob Pickel and Mary Johannes from ISDA for inviting me to speak with you today.  This is my first appearance at an ISDA conference, but I see many familiar faces in the audience.  I have found the dialogue with all of you to be very constructive during my first year with the Commission, and I look forward to continuing that dialogue in the months and years ahead.

Direct Edge Trading Notice #12-39: Attribution Functionality Production Testing Saturday, September 22, 2012

Date 13/09/2012

As announced in Trading Notice #12-25, Direct Edge^® will introduce optional attribution functionality for order entry and market data to EDGA Exchange, Inc. (EDGA^®) and EDGX Exchange, Inc. (EDGX^®) effective Monday, September 24, 2012. 

CFTC Charges Florida Resident William Jeffery Chandler With Forex Fraud And Misappropriation - Federal Court Enters Emergency Order Freezing Defendant’s Assets And Protecting Books And Records

Date 13/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on September 11, 2012, Judge James D. Whittemore of the U.S. District Court for the Middle District of Florida entered an emergency order freezing the assets of defendant William Jeffery Chandler of Ft Myers, Fla. The court’s order also prohibits Chandler from destroying or altering books and records. The judge set a hearing on the CFTC’s motion for a preliminary injunction for September 26, 2012.

European Parliament: Quality And Accountability Vital For Banking Supervision

Date 13/09/2012

The envisaged EU banking supervision rules must be of good quality and provide for accountability. However the member states' current preferences for establishing them risk sending the wrong message, as well as perpetuating inefficiencies, warned the Parliament in a resolution voted on Thursday.

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The September 12-13 FOMC Meeting

Date 13/09/2012

The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached table and charts summarizing the economic projections and the target federal funds rate projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the September 12-13 meeting of the Committee.

BM&FBOVESPA Registers New Trades Record For Stock Market

Date 13/09/2012

BM&FBOVESPA reached a record number of stock market trades yesterday (September 12). The BOVESPA segment (equities) totaled 1,202,421 trades. The previous record was 1,110,540, on July 27, 2012.

Federal Reserve Issues FOMC Statement

Date 13/09/2012

Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment appears to have slowed. The housing sector has shown some further signs of improvement, albeit from a depressed level. Inflation has been subdued, although the prices of some key commodities have increased recently. Longer-term inflation expectations have remained stable.

Autorité Des Marchés Financiers Appointments - Regulatory Policy And International Affairs Directorate

Date 13/09/2012

Julie Ansidei appointed Deputy Head of the Analysis, Strategy and Risk Division.

Julie Ansidei, 39, holds a PhD in Economics and a Masters in Banking, Finance and Insurance from Paris Dauphine University. After writing a dissertation on competition between financial centres, Julie joined Arthur Andersen Belgium in early 2001 as a consultant on financial-sector strategy and organisation. In2005, amid the debate over MiFID implementing measures, she took charge of European and International Affairs at the French financial markets association, AMAFI. In 2007, she joined the Australian Securities and Investments Commission (ASIC), where she took part in a far-reaching strategic review. On returning to Paris, she was recruited by the AMF in January 2010 to take charge of risk policy at the Regulatory Policy and International Affairs Directorate, which included playing a part in setting up the AMF's Risk Committee.