News Centre

Testimony Of J. Christopher Giancarlo Acting-Chairman, Commodity Futures Trading Commission Before The U.S. Senate Committee On Appropriations Subcommittee On Financial Services And General Government

Date 27/06/2017

Good morning, Chairwoman Capito, Ranking Member Coons and members of the Subcommittee. Thank you for the opportunity to testify on the Commodity Futures Trading Commission (“Commission” or “CFTC”) FY 2018 Budget Request.

I appreciate the support your Committee has shown the Commission and for understanding the critical role we play in regulating the derivatives markets. I am pleased to be here today with Securities and Exchange Commission’s (SEC) Chairman Clayton, and I very much look forward to our discussion today and working collaboratively with him as we move forward.

OpenDoor Completes $10M Series A Funding Round

Date 27/06/2017

OpenDoor Securities (“OpenDoor”) has raised $10 million in a Series A investment round from private investors. The funds will be used to enhance the OpenDoor platform, improve its connectivity to current customers, and expand its network of client institutions and central banks.

Testimony On The Fiscal Year 2018 Budget Request, SEC Chairman Jay Clayton, Washington D.C., June 27, 2017

Date 27/06/2017

Chairwoman Capito, Ranking Member Coons, and Members of the Committee:

Thank you for inviting me to testify today, my first appearance before this subcommittee, in support of the President’s fiscal year 2018 budget request for the Securities and Exchange Commission (SEC).  Before I begin, I would like to congratulate you, Madam Chairwoman, on your new role as head of this subcommittee.  I would also like to express my appreciation to the members of this subcommittee for your support of the SEC’s important mission in previous budget cycles.  Your support has been crucial to the agency’s success, and I look forward to working with each of you on the agency’s FY 2018 request. 

London Stock Exchange Group Plc Transaction In Own Shares

Date 27/06/2017

London Stock Exchange Group plc (the "Company") announces that it has purchased through Barclays Capital Securities Limited, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 26 April 2017, the following number of its ordinary shares of 6 79/86 pence each ("Shares") on the London Stock Exchange as part of the buyback programme announced on 29 March 2017:

CBOE Holdings Announces Date Of Second-Quarter 2017 Earnings Release And Conference Call

Date 27/06/2017

CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE) will announce its financial results for the second quarter of 2017 before the market opens on Friday, August 4, 2017. A conference call with remarks by the company's senior management will begin at 7:30 a.m. Central Time (CT), 8:30 a.m. Eastern Time (ET).

EEX Online Tool Allows To Fulfil Obligations According To REMIT

Date 27/06/2017

REMIT (EU 1227/2011) requirements oblige all power and natural gas market participants to a timely disclosure of inside information. Additionally, forwarding of this information to the regulatory authorities will become mandatory from 30th June 2017. In order to simplify this process, EEX is providing a new Online Tool offering all market participants the possibility to fulfill these regulatory obligations. Business inside information will be published on the EEX Transparency Platform and automatically forwarded to the regulatory authorities. Register now! - https://www.eex.com/download/en/70010

TNS Financial Solutions Now Available In Verne Global’s Icelandic Data Center - Connecting Iceland’s Growing Financial Services Community To The Global Markets

Date 27/06/2017

Verne Global, a provider of highly optimised, secure and 100% renewably powered data center solutions, today announced the availability of access to Transaction Network Services’ (TNS) Secure Trading Extranet at its innovative data center in Iceland. Verne Global’s low carbon data center campus has quickly become a hub for financial services companies that are looking to create a cost-effective, scalable location for the high-compute, power-intensive applications required to move their businesses forward. 

Federal Reserve Board Announces $3 Million Fine Against Bank Of New York Mellon Corporation (BNY Mellon) For Unsafe And Unsound Practices

Date 27/06/2017

The Federal Reserve Board on Tuesday announced a $3 million fine against Bank of New York Mellon Corporation (BNY Mellon) for unsafe and unsound practices after the firm improperly assigned a lower risk weighting to a portfolio of assets, reducing the firm's risk-based capital ratios.

ASEA And CFA Institute Sign Memorandum Of Understanding To Raise Standards Of Education And Professionalism In The Investment Management Industry

Date 27/06/2017

The African Securities Exchanges Association (ASEA) signed a two year Memorandum of Understanding (MoU) with CFA Institute to increase access to the professional education programs and standards of professionalism within the ASEA community’s jurisdictions.

An Assessment Of Financial Stability In The United States - Speech By Federal Reserve Vice Chairman Stanley Fischer At The IMF Workshop On Financial Surveillance And Communication: Best Practices From Latin America, The Caribbean, And Advanced Economies, Washington, D.C.

Date 27/06/2017

In the years since the start of the global financial crisis, an enormous amount of effort has gone into ensuring that we have a robust financial system that promotes responsible risk taking and an efficient allocation of resources. But despite these efforts, financial stability cannot be taken for granted, for financial decisions that benefit the people who make them can create systemic risk and harm society as a whole. Further, the phenomenon familiar from macroeconomics‑‑and for that matter from life‑‑of decisions that result in short-run happiness and long-run grief is visible also in the area of financial stability. For example, excessive leverage and reliance on short-term funding, which may reward risk takers whose bets pay off, may also increase the risk of fire sales and contagion, creating a fragile financial situation. The disruption in credit intermediation that typically accompanies such episodes can have lasting negative consequences for the real economy and welfare‑‑some of which we are still seeing today. The Federal Reserve's financial stability responsibilities therefore strongly complement its dual-mandate objectives of achieving price stability and full employment.