News Centre

MIAX Options - December 1, 2015 Transaction Fee Changes

Date 24/11/2015

Effective December 1, 2015, pending SEC approval, the MIAX Options Fee Schedule will be amended.

Federal Reserve Board Proposes Rule Requiring Large Banking Organizations To Publicly Disclose Several Measures Of Their Liquidity Profile

Date 24/11/2015

The Federal Reserve Board on Tuesday proposed a rule requiring large banking organizations to publicly disclose several measures of their liquidity profile. These measures will be the first required public disclosure of a quantitative liquidity risk metric for large banking organizations.

Concurring Statement Of CFTC Commissioner Sharon Y. Bowen Regarding Open Meeting On Regulation Automated Trading (“Regulation AT”)

Date 24/11/2015

Thank you. It’s a pleasure to be here this morning to consider the proposed rule on automated trading. I want to thank the Commission staff for the time they have devoted on this proposal. It is a timely topic.

SEC Charges Political Intelligence Firm

Date 24/11/2015

 The Securities and Exchange Commission today announced that a political intelligence firm agreed to admit wrongdoing and pay a $375,000 penalty for compliance failures.

CFTC Unanimously Approves Proposed Rule On Automated Trading

Date 24/11/2015

The U.S. Commodity Futures Trading Commission (Commission) today unanimously approved proposed rules that mark a comprehensive regulatory response to the evolution of automated trading on U.S. designated contract markets (DCMs). The proposed rules, known collectively as Regulation Automated Trading or Regulation AT, represent a series of risk controls, transparency measures, and other safeguards to enhance the U.S. regulatory regime for automated trading. The notice of proposal will be open for a 90-day public comment period.

US Justice Department Announces Privatbank IHAG Zürich AG Reaches Resolution Under Swiss Bank Program

Date 24/11/2015

The Department of Justice announced today that Privatbank IHAG Zürich AG (IHAG) reached a resolution under the department’s Swiss Bank Program.  IHAG will pay a penalty of more than $7 million.

Statement Of CFTC Chairman Timothy Massad Regarding Proposed Rule On Automated Trading

Date 24/11/2015

Today, the Commission has approved a proposal that addresses the increased use of automated trading in our markets. I strongly support this important action. In the futures markets, today almost all trading is electronic in some form. And over the last few years, more than 70 percent of all trading has become automated.

Saudi Arabia's Capital Market Authority: Announcement Of The Board Of Directors And Senior Executives Trading Restriction Period

Date 24/11/2015

1. For companies which its fiscal interim period ends on 31/12/2015, the restriction period starts on 17/12/2015 and ends on the date of announcing and publishing the interim financial statements after assessing the company.
2. For companies which its fiscal year period ends on 31/12/2015, the restriction period starts on 02/12/2015 and ends on the date of announcing and publishing the annual financial statements after assessing the company.

Statement Of CFTC Commissioner J. Christopher Giancarlo Regarding Notice Of Proposed Rulemaking On Regulation Automated Trading

Date 24/11/2015

Introduction

The electronification of trading over the past 30 to 40 years and the advent of exponential digital technologies have transformed financial businesses, markets and entire economies, with dramatic implications for capital formation and risk transfer. In U.S. futures markets, we see this change most presently in the area of algorithmic or automated trading that now constitutes up to seventy percent of regulated futures markets. Automated trading can lower transaction costs while increasing trader productivity through greater transaction speed, precision and sophistication. For many markets, automated trading brings trading liquidity, broader market access, enhanced transparency and greater competition.

CPMI-IOSCO Consultative Paper - Guidance On Cyber Resilience For Financial Market Infrastructures

Date 24/11/2015

The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) today released the consultative paper Guidance on cyber resilience for financial market infrastructures (“the Cyber Guidance”).