News Centre

Dalian Commodity Exchange: Improved Contracts And Rules Open Up New Space For Oils, Oil Seeds Futures Serving Industries

Date 19/11/2015

During the decade since 2006, Dalian Commodity Exchange (DCE) has innovated in the futures and improved the product line of oils and oil seeds. At the same time, by maintaining the futures contracts and innovating in and adjusting the systems, DCE has continued to improve the market mechanism and improved the efficiency of the market operation. In this way DCE has further enhanced the capacity and opened new space for serving the industries.

CME Group Expands Base Metals Offering With New Aluminum Japan Premium (Platts) Futures

Date 19/11/2015

CME Group, the world's leading and most diverse derivatives marketplace, today announced it will expand its base metals offering with the introduction of a new Aluminum Japan Premium (Platts) futures contract to begin trading on 7 December 2015. Pending relevant regulatory review periods, the new contract will be available for trading on CME Globex and for submission for clearing through CME ClearPort, and will be listed with and subject to the rules and regulations of COMEX.

Statement On Proposed Rules To Increase The Operational Transparency Of Alternative Trading Systems (ATS), SEC Commissioner Kara M. Stein, Nov. 18, 2015

Date 19/11/2015

I want to join my colleagues in thanking the staff for the hard work that went into this release. Thank you to Tyler Raimo, Matthew Cursio, Marsha Dixon, Jennifer Dodd, David Garcia, Derek James, and Carl Emigholz from the Division of Trading and Markets as well as Amy Edwards, Salil Pachare, and Claudia Moise from the Division of Economic and Risk Analysis (DERA). And, thank you to everyone else on the team for your dedication and hard work.

Shedding Light On Dark Pools, SEC Commissioner Luis A. Aguilar, Nov. 18, 2015

Date 19/11/2015

Today, the Commission considers proposing much-needed enhancements to the regulatory regime for alternative trading systems (“ATSs”) that trade national market system (“NMS”) stocks. I will support these proposals because they could go a long way toward helping market participants make informed decisions as they attempt to navigate the byzantine structure of today’s equity markets.

Statement At Open Meeting On Regulation Of NMS Stock Alternative Trading Systems, SEC Commissioner Michael S. Piwowar, Nov. 18, 2015

Date 19/11/2015

I am very happy to support today’s rulemaking, which would meaningfully enhance the transparency of alternative trading system (“ATS”) operations.  But before I discuss the content of the proposal, I want to make a few comments about the deliberative process that preceded today’s meeting. 

It is no secret that I have been critical of the processes that led to some of the Commission’s recent rulemakings.  So I am delighted that the process used to develop today’s rulemaking reflects a much different approach.  In recent days, Commissioner Aguilar, Commissioner Stein, and I jointly offered refinements to the proposed rule.  The proposal that the Commission is publishing today reflects those changes, and is all the better for it. 

Statement At Open Meeting On Regulation Of NMS Stock Alternative Trading Systems, SEC Chair Mary Jo White, Nov. 18, 2015

Date 19/11/2015

Good afternoon.  This is an open meeting of the U.S. Securities and Exchange Commission on November 18, 2015 under the Government in the Sunshine Act.

The Commission will consider today an important recommendation to enhance equity market structure by requiring alternative trading systems – or ATSs – to provide significant new information to the public about their operations.  In addition to improving the SEC’s ability to oversee these trading venues, the collection and dissemination of this information would enable investors and other market participants to better assess trading on a particular ATS platform and compare it to trading on other platforms.

SEC Proposes Rules To Enhance Transparency And Oversight Of Alternative Trading Systems

Date 18/11/2015

The Securities and Exchange Commission today announced it has voted to propose rules to enhance operational transparency and regulatory oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange (NMS stocks), including “dark pools.” 

Dissenting From An SEC Windfall For Lawyers - Commissioners Daniel M. Gallagher And Michael S. Piwowar, U.S. Securities And Exchange Commission[1]

Date 18/11/2015

A $600 million ‘fair fund’ is likely to benefit only class-action attorneys and the fund’s administrators.

Earlier this month reports circulated that the Securities and Exchange Commission may set up a $600 million “fair fund” to distribute money collected from defendants to purportedly harmed investors in the insider-trading case SEC v. CR Intrinsic Investors.

CFTC Swaps Report Update

Date 18/11/2015

CFTC's Weekly Swaps Report has been updated, and is now available.

Federal Court In Florida Orders Restitution, A Civil Monetary Penalty, And Permanent Trading Bans Against Sentry Asset Group, LLC dba Sentry Asset Management, LLC, And John Pakel For Engaging In Illegal, Off-Exchange Precious Metals Transactions

Date 18/11/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in Miami, Florida issued a Consent Order against Defendants Sentry Asset Group, LLC d/b/a Sentry Asset Management, LLC (SAG) of Boca Raton, Florida, and its owner, manager, and controlling person John Pakel of Boynton Beach, Florida. The Order, entered by Judge Beth Bloom of the U.S. District Court for the Southern District of Florida, requires SAG and Pakel jointly to pay a $100,000 civil monetary penalty and restitution of $278,767. The Order also imposes permanent trading and registration bans on the Defendants and prohibits them from further violations of the Commodity Exchange Act, as charged.