News Centre

Canadian Securities Regulators Publish Guidance For Proxy Advisory Firms

Date 01/05/2015

The Canadian Securities Administrators (CSA) yesterday adopted National Policy 25-201 Guidance for Proxy Advisory Firms (the Policy).

US Justice Department: BNP Paribas Sentenced For Conspiring To Violate The International Emergency Economic Powers Act And The Trading With The Enemy Act

Date 01/05/2015

BNP Paribas S.A. (BNPP), a global financial institution headquartered in Paris, was sentenced today for conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) by processing billions of dollars of transactions through the U.S. financial system on behalf of Sudanese, Iranian and Cuban entities subject to U.S. economic sanctions.  BNPP was sentenced to a five-year term of probation, and ordered to forfeit $8,833,600,000 to the United States and to pay a $140,000,000 fine.  Today’s sentencing is the first time a financial institution has been convicted and sentenced for violations of U.S. economic sanctions, and the total financial penalty—including the forfeiture and criminal fine—is the largest financial penalty ever imposed in a criminal case.

CFTC Commitments Of Traders Reports Update

Date 01/05/2015

The current reports for the week of April 28, 2015 are now available.

OCC Cleared Contract Volume Declined 8% In April - Securities Lending Activity Up 16% In April And 12% Year-To-Date

Date 01/05/2015

OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in April was 331,552,965 contracts, an 8 percent decrease from the April 2014 monthly volume of 360,854,580 contracts. Average daily volume at OCC is down 9 percent in 2015 with 16,317,845 contracts. OCC's stock loan program reported strong volume numbers in April with year-to-date activity up 12 percent.

CFTC Sanctions FCStone, LLC For Supervision Violations - Firm Ordered To Pay $140,000 Civil Penalty

Date 01/05/2015

The U.S. Commodity Futures Trading Commission (CFTC) entered an Order filing and simultaneously settling charges against FCStone, LLC, a CFTC-registered Futures Commission Merchant (FCM) headquartered in New York, New York, for failing to provide and maintain an adequate program of supervision and for failing to diligently supervise its employees on one occasion in violation of CFTC Regulation 166.3.

TOM MTF Statistics Week 18, 2015

Date 01/05/2015

Click here to download the weekly statistics update of TOM MTF for week 18, 2015. 

MGEX Records Highest April Volume Of All-Time

Date 01/05/2015

MGEX,  a  Designated  Contract  Market  (DCM)  and  Derivatives Clearing Organization (DCO), reports its highest exchange volume ever during the month of April, totaling 219,728 contracts traded during the month. This is the 3rd- highest volume recorded during any month in Exchange history.

S&P Dow Jones Indices Market Attributes: Correlation & Dispersion

Date 01/05/2015

Download this month's dashboard

CBOE Holdings To List VIX "Weeklys" Futures And Options

Date 01/05/2015

CBOE Holdings, Inc. (NASDAQ: CBOE) today announced that it plans to list futures and options with weekly expirations on the CBOE Volatility Index® (VIX® Index), the leading market barometer of U.S. equity market volatility.

Statement At Open Meeting On Pay versus Performance, SEC Commissioner Michael S. Piwowar, April 29, 2015

Date 01/05/2015

Thank you, Chair White, and a special thank you to Mike Walker of the San Francisco Regional Office for getting in early to set up the video conference.

It has been nearly five years since the enactment of the Dodd-Frank Act, which required the Commission to promulgate nearly a hundred different rules, some of which were actually related to the causes of the financial crisis.  I do not question the fact that we will ultimately need to implement all of our obligations under that law.  I do question, however, the order in which we are considering them.  Instead of prioritizing those rules related to the causes of the financial crisis, we have repeatedly seen the agenda for Dodd-Frank Act implementation filled with rulemakings not related to the financial crisis, such as conflict minerals, mine safety, and resource extraction.  Unfortunately, this proposal represents another questionable and imprudent use of agency resources, which I cannot support while other important rulemakings remain outstanding.