News Centre

MIAX Options - April 1, 2015 Fee Changes - Revisions To The Priority Customer Rebate Tiers, Market Maker Trading Permit And MEI Port Fees

Date 30/03/2015

Effective April 1, 2015, pending SEC approval, the MIAX Options Fee Schedule will be amended as follows:

• The Priority Customer Rebate Program will be amended to reflect adjustments to the percentage thresholds of national customer volume required in all Tiers.
• The MIAX Market Maker Trading Permit symbol assignment tiers and associated fees will be amended.
• The MEI Port and engine connectivity tiers and associate fees will be amended.

OCC Bulletin: Cybersecurity: Destructive Malware Joint Statement

Date 30/03/2015

Summary

The Federal Financial Institutions Examination Council (FFIEC), 1 on behalf of its members, has issued a statement to notify financial institutions of the increasing threat of cyber attacks involving destructive malware and to recommend risk mitigation techniques. In some cases, destructive malware used in these attacks successfully compromised large quantities of data and rendered supporting systems inoperable. An institution’s management is expected to maintain sufficient business continuity planning processes to ensure the rapid recovery, resumption, and maintenance of the institution’s operations after a cyber attack involving destructive malware.

European Parliament - Benchmarks: Restoring Confidence In The Financial Markets

Date 30/03/2015

Benchmarks are widely used to track market developments, however financial scandals involving benchmarks such as Libor and Eurobibor have shown that they are susceptible to manipulation. The EP's economic committee votes on 31 March on new rules to ensure the full transparency of all benchmarks used in the EU. Dutch Alde member Cora van Nieuwenhuizen, who wrote the report with recommendations, said: “It is a major step forward in ensuring the future robustness and accuracy of benchmarks.”

First Products On The IBEX 35 X10 Leverage Net & IBEX 35 X10 Short Indices Listed On BME - Offering Bullish And Bearish Exposure That Is 10 Times As Much As The Daily Performance Of The IBEX 35® Net Return

Date 30/03/2015

The Spanish stock exchange today started trading on the Warrants, Certificates and other products segment the first MULTI, which offer exposure to the IBEX 35® X10 LEVERAGE NET and IBEX 35® x10 SHORT. The MULTI are exchange-traded products that track the performance of daily leverage indices as well as daily leverage short indices. 

EEX New Participant Power Futures: Citigroup Global Markets Limited

Date 30/03/2015

Citigroup Global Markets Limited has been additionally admitted to exchange trading for Nordic Financial Power Futures.

MIAX Options - April 1, 2015 Fee Changes - Revisions To The Priority Customer Rebate Tiers, Market Maker Trading Permit And MEI Port Fees

Date 30/03/2015

Effective April 1, 2015, pending SEC approval, the MIAX Options Fee Schedule will be amended.

Bucharest Stock Exchange: BET-FI Index Invest Fund Will Start Trading On March 31

Date 30/03/2015

Bucharest Stock Exchange (BVB) informs that on Tuesday, March 31, 2015 start trading the fund units of the closed-end fund BET-FI Index Invest, administrated by SAI Broker. BET-FI Index Invest fund units will be traded on the fund units designed market.

First Products On The IBEX 35 X10 Leverage Net & IBEX 35 X10 Short Indices Listed On BME - Offering Bullish And Bearish Exposure That Is 10 Times As Much As The Daily Performance Of The IBEX 35® NET RETURN

Date 30/03/2015

The Spanish stock exchange today started trading on the Warrants, Certificates and other products segment the first MULTI, which offer exposure to the IBEX 35® X10 LEVERAGE NET and IBEX 35® x10 SHORT. The MULTI are exchange-traded products that track the performance of daily leverage indices as well as daily leverage short indices. 

CFTC Settles Enforcement Action In District Court Against Daniel Shak For Violation Of A CFTC Administrative Order - Court Orders Shak To Pay A $100,000 Fine For Violating The CFTC’s Order

Date 30/03/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on March 27, 2015, Judge Emmet G. Sullivan of the U.S. District Court for the District of Columbia entered a Consent Order of permanent injunction against Defendant Daniel Shak of Las Vegas, Nevada, for his violation of a CFTC Administrative Order (CFTC Order) entered on November 25, 2013. The Court’s Consent Order requires Shak, among other things, to pay a $100,000 civil monetary penalty to settle CFTC civil charges that Shak violated the terms of the CFTC Order.

“Grading The Commission’s Record On Capital Formation: A+, D, Or Incomplete?” Speech By SEC Commissioner Daniel M. Gallagher - Vanderbilt Law School’s 17th Annual Law And Business Conference, Nashville, TN

Date 30/03/2015

Thank you, Jim [Cheek] for that kind introduction.  It is an honor to be here at Vanderbilt today.  Not only because Vanderbilt is such a distinguished university, but because it is home to a dear friend of mine, Craig Lewis.  As Director of the SEC’s Division of Economic and Risk Analysis, Craig did more to transform the agency — in particular by crafting a new paradigm for cost-benefit analysis in the work of the Commission — than any other staffer in the Commission’s recent history.  I miss having Craig at the SEC — our loss is truly Vanderbilt’s gain — but his successor Mark Flannery is doing a great job running with the baton that Craig passed to him.