News Centre

CFTC And Hong Kong Securities And Futures Commission Sign Memorandum Of Understanding To Enhance Supervision Of Cross-Border Regulated Entities

Date 22/12/2015

The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad signed a Memorandum of Understanding (MOU) with Hong Kong Securities and Futures Commission (SFC) Chief Executive Officer Ashley Alder regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in the United States and in Hong Kong.

CFTC’s Division Of Market Oversight Provides Time-Limited No-Action Relief from Certain Audit Trail Requirements In CFTC Regulations Related To Post-trade Allocation

Date 22/12/2015

The Division of Market Oversight (DMO) of the Commodity Futures Trading Commission (CFTC) today provided time-limited no-action relief for Swap Execution Facilities (SEFs) from the requirements to capture post-trade allocation information in their audit trail data, as required under CFTC Regulations.

EBA: Consultation On Remuneration Of Sales Staff

Date 22/12/2015

The European Banking Authority (EBA) launched today a consultation on its draft guidelines on remuneration policies and practices related to the sale and provision of retail banking products and services. The EBA has identified poor remuneration policies and practices as a key driver of miss-selling of financial products and services. The Guidelines are aimed at protecting consumers and reducing conduct costs of firms. The consultation runs until 22 March 2016.

SEC: Morgan Stanley Settles Charges In “Parking” Scheme

Date 22/12/2015

The Securities and Exchange Commission today announced that Morgan Stanley Investment Management has agreed to pay $8.8 million to settle charges that one of its portfolio managers unlawfully conducted prearranged trading known as “parking” that favored certain advisory client accounts over others.

EBA Consults On Draft Guidelines On Remuneration Requirements For Sales Staff

Date 22/12/2015

CFTC Staff Issues Request For Comment On Draft Technical Specifications For Certain Swap Data Elements

Date 22/12/2015

The U.S. Commodity Futures Trading Commission’s (CFTC or Commission) Division of Market Oversight and Office of Data and Technology staff today issued a request for comment on the draft technical specifications for certain prioritized swap data elements and associated questions.

MIAX Options Exchange - January 1, 2016 Transaction Fee Changes

Date 22/12/2015

Effective January 1, 2016, pending SEC approval, the MIAX Options Fee Schedule will be amended.

Statement Of CFTC Chairman Timothy Massad: Request For Comment, Draft Technical Specifications For Certain Swap Data Elements

Date 22/12/2015

Today, CFTC staff is taking an important step toward improving the quality of swap data reporting. This Request for Comment is a key component of the efforts I recently discussed to ensure that the swap data the CFTC receives is accurate, consistent and timely.

Xignite Named As Leader Among Fintech Companies Disrupting The Financial Services Industry - Leading Market Data Cloud Provider Ranks In Recent Forbes And KPMG’s Fintech Lists And Racks Up 11 Awards In 2015

Date 22/12/2015

Xignite, the leading provider of market data cloud solutions, finishes 2015 ranked as one of the world’s top fintech companies in several key reports. Xignite was recently ranked in the inaugural Forbes Fintech 50 list, which profiles technology companies creating a major shift in how people interact with and manage their finances, and how capital flows and securities are traded and settled around the globe. In addition, Xignite was also selected to The Fintech Innovators Fintech 100, produced by H2 Ventures and KMPG, and listed as one of 50 emerging fintech stars of tomorrow. The Fintech 100 lists the most exciting startups and organizations taking advantage of technology to revolutionize the industry. 

GFI Group Announces New Consent Solicitation With Respect To GFI Group 8.375% Senior Notes Due 2018 - Deadline For Consent Is 5 PM New York City Time On January 12, 2016 - Consent Fee Is At Least $7.50 Per $1,000 And As Much As Approximately $15.00 Per $1,000 - Offer Provides For A Total Consent Fee Of $1,800,000 Only For Consenting Bondholders To Share If At Least A Majority Consent

Date 22/12/2015

GFI Group Inc. (OTC: GFIG) ("GFI") announced today that it has commenced a consent solicitation ("Consent Solicitation") with respect to its 8.375% Senior Notes due 2018 (CUSIP No. 361652AA8) (the "Notes") which have been fully and unconditionally guaranteed by BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC").