News Centre

FIA Releases SEF Tracker For August 2016

Date 27/09/2016

Total trading volume on SEFs averaged $430.4 billion per day during the month of August, with an increase of 5.7% from the previous month and 14.6% from August 2015. Trading activity in interest rate products bounced back from a slow July, but credit volume reached its lowest level since February 2014. Check out August's full report and data here.

Canadian Securities Regulators Publish Update On Cyber Security

Date 27/09/2016

The Canadian Securities Administrators (CSA) today published CSA Staff Notice 11-332 Cyber Security to promote cyber-security awareness, preparedness and resilience in Canadian capital markets.

CFTC Charges Kevin Michael Symons Of Foothill Ranch, California And His Company, FTS Financial, Inc., With Fraud And Jerry Austin Simmons Of Charlotte, North Carolina With Fraud And Failure To Register With The CFTC

Date 27/09/2016

The U.S. Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the U.S. District Court for the Southern District of New York, charging Kevin Michael Symons of Foothill Ranch, California, his wholly-owned company, FTS Financial, Inc. (FTS) of Irvine, California, and Jerry Austin Simmons of Charlotte, North Carolina with the fraudulent promotion of Simmons’ “Real Time Trade Room” (the Room), an online futures “trading” forum marketed by Defendants as a way to observe Simmons as he purported to trade futures contracts “live.” Additionally, the CFTC’s Complaint charges Simmons with soliciting clients to open managed futures trading accounts without being registered with the CFTC as an Associated Person (AP) of a Commodity Trading Advisor (CTA).

Office Of Financial Research Update: Interconnectedness In The Global Financial Market

Date 27/09/2016

The OFR released a research paper today, entitled, "Interconnectedness in the Global Financial Market." This working paper shows how network analysis can facilitate the monitoring of movements by stocks in the global financial system over time. The paper analyzes nearly 4,000 stocks in 15 countries. It concludes that stock returns tend to move together within regions — but not across them — in times of stability, but move in sync globally in times of crisis.

Timothy C. Scheve, President & CEO, Janney Montgomery Scott, Remarks At The 2016 SIFMA Annual Meeting

Date 27/09/2016

I’m Tim Scheve, president and CEO of Janney Montgomery Scott. As chair-elect of SIFMA, it’s my pleasure to welcome you. I’m pleased to be joined today by such a large and impressive group of industry leaders. Thank you for coming. We’re gathered here at the capital markets conference—SIFMA’s flagship event—to discuss the many ways our industry fuels American ingenuity and economic growth. What does that mean? To me it means:

• that well-functioning capital markets recognize the best ideas and enterprises and drive capital to them. 
• that the efficient allocation of capital provides meaningful benefits to individuals, companies, and society-at-large.

New Study Finds Russell 2000 Index Options Benchmarks And Options-Based Funds Less Volatile 15 Years Of Data Show CBOE Russell 2000 PutWrite Index (PUTR) Topped Performance With Less Risk Vs. Underlying Index

Date 27/09/2016

Chicago Board Options Exchange® (CBOE®) and Fund Evaluation Group, LLC (FEG) today announced findings from a study of four CBOE strategy performance benchmark indexes designed to track the performance of positions in Russell 2000 (RUT) index options, looking at various aspects of their performance over a 15-year period spanning 2001 through 2016.  The study was presented Monday during a session at CBOE’s Risk Management Conference Europe, currently taking place in County Wicklow, Ireland. 

ECB And People’s Bank Of China Extend Bilateral Currency Swap Arrangement

Date 27/09/2016

• European Central Bank (ECB) and People’s Bank of China (PBC) extend for three years bilateral currency swap arrangement established in 2013
• Swap arrangement has a maximum size of 350 billion Chinese renminbi and €45 billion
• Can serve as backstop liquidity facility to address potential shortage of renminbi for euro area banks

ESMA Publishes The Responses To The Call For Evidence On Asset Segregation

Date 27/09/2016

The European Securities and Markets Authority (ESMA) has published the responses received to the Call for evidence on asset segregation and custody services.

MIAX Options Exchange - Reminder: Disaster Recovery System Relocation To CH4

Date 27/09/2016

As previously communicated in an alert published on June 30, 2016, MIAX Options is completing the migration of its Options Disaster Recovery Trading System to the CH4 data center located at 350 Cermak Road in Chicago, Illinois in advance of the scheduled SIFMA Industry Disaster Recovery Test.

CFTC Orders Wells Fargo Bank, N.A. To Pay A $400,000 Penalty For Inaccurate Large Trader Reports For Physical Commodity Swaps Positions

Date 27/09/2016

The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges against Wells Fargo Bank, N.A. (Wells Fargo) for failing to comply with its obligations to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f)(1)(A) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4 and 20.7. Wells Fargo has its main office in Sioux Falls, South Dakota, and has been provisionally registered with the CFTC as a Swap Dealer since December 31, 2012.