News Centre

Nasdaq Announces The Board Of Directors Of Its U.S. Exchanges

Date 21/06/2018

Nasdaq, Inc. (Nasdaq:NDAQ), today announced the election of all nominated directors to the boards of the U.S. exchanges operated by the company, which include The Nasdaq Stock Market, LLC; Nasdaq PHLX, LLC; Nasdaq BX, Inc.; Nasdaq ISE, LLC; Nasdaq MRX, LLC; and Nasdaq GEMX, LLC:

• Virgis W. Colbert, Senior Advisor, MillerCoors LLC
• Michael J. Curran, Retired Chairman and CEO, Boston Stock Exchange
• David J. Frear, Senior EVP and CFO, SiriusXM Holdings Inc.
• Thomas A. Kloet, Retired CEO and Executive Director, TMX Group Limited
• Elizabeth G. Martin, Managing Director, Goldman Sachs & Co.
• Joseph Mecane, Head of Execution Services, Citadel Securities
• Andrew J. Schultz, Head of Strategic Options, Susquehanna International Group, LLP
• Tyler G. Sorba, Executive Director, Morgan Stanley
• Wendy S. White, SVP and General Counsel, University of Pennsylvania
• Thomas A. Wittman, EVP, Head of Global Trading and Market Services, Nasdaq and CEO, Nasdaq Stock Exchange

SEC: Paul G. Cellupica Named Deputy Director—Chief Counsel Of The Division Of Investment Management

Date 21/06/2018

The Securities and Exchange Commission announced today that Paul G. Cellupica has been named Chief Counsel of the Division of Investment Management, and will continue serving as the Division's Deputy Director.

Statement Of CFTC Chairman Giancarlo Regarding The U.S. Senate Appropriations Committee’s Support Of The Agency's FY 2019 Funding Request

Date 21/06/2018

CFTC Chairman J. Christopher Giancarlo issued the following statement regarding the agency’s FY 2019 funding request:

“I am grateful for the U.S. Senate Appropriations Committee’s recognition and full support of the CFTC's FY 2019 funding request.  This funding level will enable us to meet the regulatory demands of our 21st century digital markets, while also being fiscally accountable and transparent to the American taxpayer.  The Committee’s funding bill recognizes the need for our skilled regulatory oversight which balances market health and safety of the world's premier price discovery and risk hedging markets for global commodities and financial instruments.‎  U.S. markets must remain the envy of the world in order to continue to promote job growth and economic prosperity.  Full funding of the CFTC’s budget request enables us to fulfill the mission.” 

The Updated Coefficients For Moscow Exchange Indices To Come Into Force

Date 21/06/2018

The following coefficients for Moscow Exchange indices come into force from June 22, 2018:

FIA Announces Fourth Annual Innovators Pavilion

Date 21/06/2018

FIA today launched the fourth annual Innovators Pavilion for fintech startups that are offering forward-thinking solutions for the global derivatives markets. This award-winning program is a featured part of FIA’s annual Futures and Options Expo, the industry’s most widely attended event, on Oct. 16-18. Now in its 34th year, Expo draws more than 4,500 traders, brokers and other industry professionals to Chicago in October and houses exhibition space for more than 120 vendors.

Moscow Exchange: The MICEX10 Index Revised

Date 21/06/2018

Amendments to the MICEX10 Index following its quarterly review include the following: Sberbank, Preferred shares will be added to the index, while PJSC "Aeroflot", Ordinary shares will be excluded.

Remarks Of CFTC Commissioner Brian Quintenz At The Institute Of International Bankers Membership Luncheon

Date 21/06/2018

Introduction

Thank you for that very kind introduction.  I am honored to join you today at the Institute of International Bankers Membership Luncheon.  Let me congratulate Sally Miller on her distinguished tenure with this organization as well as congratulate Briget Polichene on taking the reins.  I look forward to continuing to work with you on important issues facing the global financial markets.  Before I begin, let me quickly say that the views contained in this speech are my own and do not represent the views of the Commission.

The Chancellor Of The Exchequer, Philip Hammond's Speech At The Confederation Of British Industry (CBI) Annual Dinner 2018

Date 21/06/2018

Thank you, Paul.

And let me join you in commemorating those who lost their lives and those who were injured during the appalling attack in Manchester, a year ago today…

…our thoughts this evening are with the families and friends of those affected.

As ever it’s a pleasure to speak to you tonight.

Investment Industry Regulatory Organization Of Canada Welcomes Canadian Securities Administrators' Client Focused Reforms

Date 21/06/2018

The Investment Industry Regulatory Organization of Canada (IIROC) today welcomed the Canadian Securities Administrators' (CSA) proposed amendments to National Instrument 31-103 and Companion Policy 31-103CP, which will fundamentally enhance the client registrant relationship.

IIROC has worked collaboratively with the CSA in developing the client focused reforms in order to better align the interests of investment dealers, advisers and representatives with the interests of their clients, improve outcomes for clients and make clearer to clients the nature and the terms of their relationships with registered advisors.

We appreciate the opportunity to participate in this important initiative with the CSA, with whom we share a commitment to require registrants to promote the best interests of clients and put clients' interests first.  It is important that we continue to work together toward harmonizing these requirements across regulatory platforms and setting a higher standard of conduct for all registrants.

We believe that the proper management of conflicts of interest, and compensation-related conflicts in particular, which are among the issues dealt with in these reforms, is critical to improving public confidence in our capital markets and our financial system.

IIROC is the national self-regulatory organization that oversees all investment dealers (close to 170 across Canada and more than 28,000 registrants) and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian debt and equity marketplaces.

Canadian Securities Regulators Align To Publish Harmonized Response To Concerns With The Client-Registrant Relationship - CSA Publishes Reforms To Put Clients’ Interests First And Indicate Policy Decision On Embedded Commissions

Date 21/06/2018

The Canadian Securities Administrators (CSA) today published two notices concerning investor protection initiatives. The first requests public comment on detailed reforms (Client Focused Reforms) to obligations of registered firms and individuals (registrants). The second sets out the intended policy decision with respect to mutual fund embedded commissions. These initiatives aim to better align the interests of registrants and investors, improve investor outcomes, and raise the bar for registrant conduct.