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Statement At The SEC Staff Roundtable On The Proxy Process, SEC Chairman Jay Clayton, Nov. 15, 2018

Date 15/11/2018

Thank you Bill [Hinman], and good morning everyone.

My fellow Commissioners and I have agreed to keep our remarks brief so we can move forward promptly with this important program. I am going to highlight four items.

CME Group Energy Futures And Options Volume Reaches Record 5.1 Million Contracts

Date 15/11/2018

• Energy options volume surpasses 1 million contracts for first time
• Henry Hub Natural Gas futures and options set new volume records

FSB Publishes 2018 Resolution Report And Publicly Consults On Financial Resources To Support CCP Resolution

Date 15/11/2018

The Financial Stability Board (FSB) published today its 2018 Resolution Report and is also launching for public consultation a discussion paper on financial resources to support central counterparty (CCP) resolution and on the treatment of CCP equity in resolution

In CFTC Action, Federal Court Orders Hedge Fund And Its Principals To Pay More Than $1 Million For Fraud And Registration Violations

Date 15/11/2018

A federal court in New York has entered orders against Kevin P. Whylie of Ozone Park, New York, Matthew James Zecchini of East Islip, New York, and the New York hedge fund they co-founded, Algointeractive Inc (together, Defendants), to pay more than $1 million in civil monetary penalties and restitution.  The Court’s Orders resolve the Commodity Futures Trading Commission’s (CFTC) enforcement action against the Defendants, filed on April 11, 2018, which charged them with fraudulent solicitation and misappropriation of funds, among other charges (see CFTC Complaint and Press Release 7710-18).

Statement At Proxy Process Roundtable By SEC Commissioner Elad L. Roisman

Date 15/11/2018

Good morning and thank you to the Divisions of Corporation Finance and Investment Management for organizing this roundtable. I hope that everyone here will take this opportunity to engage in a thoughtful, meaningful discussion on the proxy process. If the process were perfect, we would not be here today. The topics on the agenda have the tendency to get emotional. Trust me, we know where most, if not all, of you stand on the issues. You have a platform today and I hope you use it to provide us with specific examples, data, and facts rather than generalities or anecdotes. With the knowledge you gather today, you can then submit data to the comment file based on these discussions. We look forward to these submissions and your suggestions on how the SEC can make changes to improve the process.

PIMFA Comments On Draft Brexit Withdrawal Agreement

Date 15/11/2018

In response to the publication of the draft Withdrawal Agreement defining the process by which the UK will leave the EU in March 2019, PIMFA welcomes the certainty that these proposals can provide on the transitional arrangements and on allowing for a one-step Brexit, both of which PIMFA has consistently argued for since the referendum.

Abacus Group Wins Best Technology-Overall t 2018 Alt Credit European Services Awards In London

Date 15/11/2018

Abacus Group, a leading provider of hosted IT solutions and application hosting for alternative investment firms, has been recognized as the winner of “Best Technology-Overall” at the 2018 Alt Credit European Services Awards which took place in London on 31st October.

LCH SwapAgent Completes Its First Swaption Trade

Date 15/11/2018

• Deutsche Bank and Nomura are counterparties to the first swaptions trades processed through LCH SwapAgent
• Trades were brokered by ICAP as interdealer broker
• LCH SwapAgent offers standardised infrastructure and efficiencies to the non-cleared derivatives market

ESMA Reports On NCAs’ Use Of Sanctions And Administrative Measures Under MAR

Date 15/11/2018

The European Securities and Markets Authority (ESMA) has published today its first annual report concerning administrative and criminal sanctions as well as other administrative measures issued by National Competent Authorities (NCAs) under the Market Abuse Regulation (MAR).

LCH Receives Licence To Clear FX NDFs In Japan

Date 15/11/2018

• Japanese Financial Services Agency approves LCH Ltd to clear FX Non-Deliverable Forwards for Japanese banks and clients
• Builds on existing LCH licence to clear non-Yen OTC interest rate derivatives
• Underlines LCH’s continued commitment to the Japanese market