News Centre

US Justice Department Announces Swiss Bank Program Resolutions With Two More Banks

Date 23/07/2015

The Department of Justice announced today that SB Saanen Bank AG and Privatbank Bellerive AG have reached resolutions under the department’s Swiss Bank Program.

SIFMA Statement On The NYSE And Nasdaq Framework To Enhance Resiliency Of The Closing Auction Process

Date 23/07/2015

SIFMA today released the following statement from Randy Snook, executive vice president, business policies and practices, after the New York Stock Exchange (NYSE) and Nasdaq announced a proposed framework to enhance the resiliency of the closing auction process for U.S. equities: 

“SIFMA supports the framework announced by NYSE and Nasdaq.  We appreciate that NYSE and Nasdaq have considered the industry’s input in taking this important step to improve the resiliency of the closing auction process for U.S. equities. The exchanges’ closing auctions are essential to market efficiency and investor confidence as they establish consistent closing prices for listed equities.   SIFMA commends NYSE and Nasdaq for collaborating with each other in developing a framework designed to benefit the entire market.  By backstopping each other’s closing auctions, the exchanges will help provide needed certainty that official closing prices can be established in the event that one of the exchanges cannot operate its closing auction. "

ESMA Publishes Statistical Data On 2014 Prospectus Activity In EEA

Date 23/07/2015

The European Securities and Markets Authority (ESMA) has published its periodic report on statistical data regarding prospectus activity within the EEA, covering 2014.

Soybean Derivatives Trading Hours At BM&FBOVESPA Change On July 27

Date 23/07/2015

The trading hours for Soybean futures and options at BM&FBOVESPA will change on July 27. This is due to the closing time for trades in the CME Group Soybean Futures Contract being moved to 3:20 p.m.

SIX Swiss Exchange's ETF Quarterly Statistics: 2nd Quarter Of 2015

Date 23/07/2015

In the second quarter of 2015, the Swiss stock exchange saw a trading volume in ETFs of CHF 20.9 billion. Compared to the previous quarter this represents an increase of 11%. This was revealed today in the latest edition of ETF Quarterly Statistics[PDF]. In total, 242'495 ETF transactions were carried out on SIX Swiss Exchange in the 2nd quarter. The average transaction size was CHF 99'775 which is slightly below the previous quarter. However, the number of transactions with a size of less than CHF 10'000 has increased from 193'309 in the first half of 2014 to 226'148 in the first half of 2015.

EEX: Gunvor International B.V. Discloses Insider Information

Date 23/07/2015

On 24 June 2015, Gunvor International B.V. technically connected to the EEX Transparency Platform and will disclose any insider information in accordance with article 4 paragraph 1 of REMIT in respect of the business through the platform’s Ad-hoc Ticker.

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues A Letter To Certain Registered Commodity Trading Advisors Exempting Them from Filing Form CTA-PR

Date 23/07/2015

The U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) announced today that it has issued a letter that exempts commodity trading advisors (CTAs) that are registered but do not direct any client commodity interest accounts from filing Commission Form CTA-PR.

SEC: Former Oppenheimer Employees Settle Charges Involving Unregistered Sales Of Penny Stocks

Date 23/07/2015

The Securities and Exchange Commission today announced that three former employees of Oppenheimer & Co. Inc. have agreed to settle charges stemming from the unregistered sales of billions of shares of penny stocks on behalf of a customer.  The actions involve a portion of the conduct announced in January in a settled enforcement action against Oppenheimer in which the broker-dealer admitted wrongdoing and paid $20 million to the SEC and the Treasury Department’s Financial Crimes Enforcement Network.

Keynote Address: CFTC Chairman Timothy G. Massad Before The District Of Columbia Bar (Washington, DC)

Date 23/07/2015

Introduction

Good afternoon. I am delighted to be here today. I thank Diana for that kind introduction. And I want to thank the DC Bar Association for coordinating today’s event.

This week was the fifth anniversary of the Dodd-Frank Act. This legislation brought fundamental – and much needed – reform to the regulation of banking and financial markets, including the derivatives markets. So today I would like to review the progress we have made in implementing the reforms of the derivatives markets. And I will discuss some of the top priorities we have for the months ahead.

Saudi Arabia’s Capital Market Authority Announces The Referral Of A Suspicion Of Violating Article (49) Of The Capital Market Law And Article (2) Of The Market Conduct Regulations To The Bureau Of Investigation And Public Prosecution

Date 23/07/2015

As part of the Capital Market Authority’s efforts to protect citizens and investors from unfair and unsound practices involving cheating, fraud and manipulation and as part of its efforts to ensure transparency and justice on securities business, and based on Article (17) of the Capital Market Law, CMA would like to inform the investors and participants in the Capital Market that a CMA Board resolution was issued to refer a suspicion of a violation to the Bureau of Investigation and Public Prosecution. An investor was suspected of violating Article (49) of the Capital Market Law and Article (2) of the Market Conduct while trading the shares of some listed companies.
To review the securities and the dates on which the suspected trading occurred, Click Here .