News Centre

CFTC Staff Issues Advisory Reminding Swap Dealers And Major Swap Participants Of Their Reporting Obligations As Required By Commission Regulations

Date 17/12/2015

The U.S. Commodity Futures Trading Commission’s (Commission) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a staff advisory to remind swap dealers and major swap participants of their swap data reporting obligations under Commission Regulations 23.204 and 23.205.

US Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program

Date 17/12/2015

The Department of Justice announced today that Bordier & Cie Switzerland (Bordier), PBZ Verwaltungs AG (PBZ) and PostFinance AG reached resolutions under the department’s Swiss Bank Program.  These banks collectively will pay penalties of more than $15 million.

2016 Risk Management Conference: CBOE To Host 32nd Annual RMC February 29 - March 2, 2016

Date 17/12/2015

The Chicago Board Options Exchange® (CBOE®) will host its 32nd annual CBOE Risk Management Conference (RMC) U.S., from February 29 through March 2, 2016, at the Hyatt Regency Coconut Point in Bonita Springs, Florida.

FINRA Announces New Public Board Member

Date 17/12/2015

The Financial Industry Regulatory Authority (FINRA) has named a new Public Governor – Charles I. Plosser, former President of the Federal Reserve Bank of Philadelphia – to its Board of Governors.

Tel Aviv Stock Exchange Trading Summary: December 13-17, 2015

Date 17/12/2015

• Trading on the Tel Aviv Stock Exchange in the third trading week of December was marked by declines in prices in most leading share indices; 
• "SodaStream" made a dual listing on the  Tel Aviv Stock Exchange; 
• Huge volume in shares ahead of the semi-annual update of the indices; 
• The shares of the pharmaceutical giant "Mylan", which are traded on both the TASE and on the NASDAQ, were included in the TA-25 index; 
• Further offerings in shares and bond markets 

Startup Dragonfly Fintech Transforms Banking Solutions - Piloting A New, Blockchain-Based Financial System

Date 17/12/2015

Fintech startup, Dragonfly Fintech (DF), has signed a contract with the leading Japanese think tank and systems integrator Nomura Research Institute (NRI) in conjunction with the Japanese SBI Sumishin Net Bank. The purpose of the contract is to assess a core component of DF's blockchain technology for financial use. The pilot solution with NRI and SBI Sumishin Net Bank will mark a new milestone for blockchain technology by using the DF blockchain technology to provide practical financial solutions. This pilot will position DF, NRI, and SBI Sumishin Net Bank as global leaders in using innovative blockchain technology.

US Dollar Dominates Global Currency Payments & UK Holds Position As Centre Of Financial Market Activity

Date 17/12/2015

• US dollar dominates all global customer payments in value  (totalling 51.9% in 2014)
• British pound ranks third behind the euro on payments list
• Chinese yuan is rapidly growing, mainly for payments between the Asia-Pacific region and Europe including the UK
• UK continues to play a strong intermediary role for euro payment flows with Europe

SEC Charges Martin Shkreli With Fraud

Date 17/12/2015

The Securities and Exchange Commission today charged Martin Shkreli, former CEO of pharmaceutical company Retrophin, with committing fraud during a five-year period when he also was working as a hedge fund manager.

OCC Declares Clearing Member Refund And Dividend For 2015 And Reduction Of Fees Under Approved Capital Plan Special Refund For 2015 Also Declared

Date 17/12/2015

OCC, the world’s largest equity derivatives clearing organization, today announced the declaration of a refund, dividend, and fee reduction under its approved capital plan.  The refund of approximately $39 million to clearing members and the dividend of approximately $17 million to Stockholder Exchanges will be paid in Q1 2016 following issuance of OCC’s financial statements.  The new fee schedule, included below, will commence on March 1, 2016, and will result in a reduction in the average clearing fee of approximately 19% from current levels.

Revitalizing TSX Venture Exchange: Canada’s Public Venture Market

Date 17/12/2015

Earlier this month, TMX Group announced that TSX Venture Exchange (TSXV) is introducing changes to help support, revitalize and grow its marketplace. Today, a whitepaper titledRevitalizing TSX Venture Exchange: Canada’s Public Venture Market was published outlining TSXV’s tactics designed to address the current environment and secure a strong future as the leading public market for early-stage companies.