News Centre

Bermuda Stock Exchange - Closed For Remembrance Day Public Holiday

Date 04/11/2011

The Bermuda Stock Exchange (BSX) advises that the Exchange will be closed on Friday, 11 November, 2011, in observance of the Remembrance Day Public Holiday. The BSX will re-open on Monday, 14 November, 2011.

Prime Minister Of Greece George A. Papandreou Survives Confidence Vote

Date 04/11/2011

The Prime Minister Of Greece, George A. Papandreou, has durvived a confidence vote in the Greek Parliament.

BATS 1000 Index Falls 2.2% This Week

Date 04/11/2011

BATS Global Markets, a global stock market operator, reports the BATS 1000^SM Index (Ticker: BATSK) declined 314.69 points, or 2.2%, this week to close at 14,312.72 as of 4 p.m. ET today. The S&P 500 Index was down 2.5% on the week.

GFMA Comments On Financial Stability Board’s Policy Measures To Address Systemically Important Financial Institutions

Date 04/11/2011

The Global Financial Markets Association (GFMA) today released the following statement from Tim Ryan, chief executive officer, in response to the release of the Financial Stability Board’s (FSB) Policy Measures to Address Systemically Important Financial Institutions, which includes a list of global systemically important financial institutions (G-SIFIs) and confirms a framework for a G-SIFI capital surcharge and cross-border resolution authority requirements.

CFTC Obtains Orders Against Patrick Rakotonanahary And His Company, Cyber Market Group LLC, For Defrauding Customers In A Multi-Million Dollar Foreign Currency Ponzi Scheme - Defendants Also Misappropriated Customer Funds In Hawaii And Elsewhere In The United States

Date 04/11/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced that the Honorable Susan Oki Mollway of the U.S District Court for the District of Hawaii entered a consent order of permanent injunction against Patrick Rakotonanahary, formerly of Punta Gorda, Fla. Judge Mollway also adopted the Findings and Recommendation for a Default Judgment issued by the Honorable Richard L. Puglisi, U.S. Magistrate Judge for the District of Hawaii, against Rakotonanahary’s company, Cyber Market Group LLC (Cyber).

CME Group Continues Transfer Of MF Global Customer Accounts

Date 04/11/2011

Today, CME Group continued to successfully transfer additional MF Global U.S. customer positions and CME Clearing-held collateral to other qualified clearing firms.  The remaining customer segregated positions are expected to be transferred by the end of the day, completing the total transfer of customer positions at CME Group exchanges in approximately 15,000 MF Global accounts and approximately $1.45 billion in associated clearing collateral, as approved by the Trustee and bankruptcy court.

TMX Group Equity Financing Statistics – October 2011 - Toronto Stock Exchange, TSX Venture Exchange

Date 04/11/2011

TMX Group today announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for October 2011.

ICE Clearing Houses Statement On Transfer Of MF Global Customer Positions

Date 04/11/2011

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated clearing houses provided an update on its default management activities following the default of MF Global.

“The High Test” - Speech Of CFTC Commissioner Bart Chilton To The Society Of Independent Gasoline Marketers Of America Annual Meeting, JW Marriott, Washington, DC

Date 04/11/2011

Introduction—I’ve Been Clean

Hi, I'm Bart and I'm a . . . I’m a regulator. I've been clean from doing regulation for 13 days now—fingers crossed! Thank you. Thank you very much. That's nice of you to applaud.

ISDA Leads Industry Effort To Standardize The Credit Support Annex

Date 04/11/2011

The International Swaps and Derivatives Association, Inc. (ISDA) today outlined key provisions to the Standard Credit Support Annex (SCSA) proposal as part of its continuing efforts to increase efficiency and improve standardization in the over-the-counter (OTC) derivatives markets.