News Centre

NZX Welcomes NZMDT Annual Report

Date 22/04/2015

NZX welcomes the NZ Markets Disciplinary Tribunal (the Tribunal) Annual Report published today which includes analysis of cases heard and decisions made by the Tribunal in 2014, and a summary of matters considered by the Special Division of the Tribunal.

CME Group Statement: Navinder Singh Sarao Case

Date 22/04/2015

CME Group today released the following statement in response to the Navinder Singh Sarao case:

Nothing is more important to CME Group than the integrity of our marketplace.  Following the Flash Crash on May 6, 2010, together with other regulators, we did a thorough analysis of all activity in our markets during the Flash Crash, and concluded - along with regulators - that the Flash Crash was not caused by the futures market.  If new information has come to light, we look forward to reviewing it with the Commission.  We fully support the CFTC's actions to prosecute those who attempt to engage in fraud or manipulation.  We are prohibited by law from releasing information about any individual's trading behavior, including Mr. Sarao's, so we are unable to comment further at this time. 

CFTC Swaps Report Update

Date 22/04/2015

CFTC's Weekly Swaps Report has been updated, and is now available.

Testimony Of US Treasury Secretary Jacob J. Lew Before The House Committee On Ways And Means

Date 22/04/2015

Chairman Ryan and Ranking Member Levin, and distinguished members of the Committee, thank you for the opportunity to testify on the Bipartisan Congressional Trade Priorities and Accountability Act of 2015.  Bolstering global economic growth and stability remains a priority of the United States, and the U.S. Department of the Treasury has been working hard over the last six years to achieve a high-standard trade and investment agenda that raises income and spurs growth.

ISDA: Over 50% Of IRD And 70% Of CDS Indices Traded On SEFs During Q1 2015

Date 22/04/2015

More than half of interest rate derivatives (IRD) and over 70% of credit default swap (CDS) index average daily notional volumes were traded on swap execution facilities (SEFs) in the first quarter of 2015, according to a review of trading volumes published today by the International Swaps and Derivatives Association, Inc. (ISDA).

Comment By Dr. Roman Kozhan, Warwick Business School, Associate Professor Of Finance On A UK Trader Being Charged For Allegedly Contributing To The Flash Crash

Date 22/04/2015

Commenting on a UK trader being charged for allegedly contributing to the Flash Crash, Dr. Roman Kozhan, of Warwick Business School, Associate Professor of Finance and researches high frequency trading said: "We know that the flash crash was provoked by a large fundamental trader who initiated a large sell order of E-Mini futures contracts in order to hedge an existing long equity position. This resulted in a large price pressure that was amplified by high frequency trading, which also transmitted this effect to other equity products."

ISDA Study Shows Continued Fragmentation Of Global Liquidity Pools

Date 22/04/2015

Global derivatives markets are continuing to fragment along geographic lines as a result of divergent regulations across jurisdictions, according to new research published today at ISDA’s 30th Annual General Meeting in Montreal.

SIFMA Expresses Concern With Proposed Amendments To House Cybersecurity Legislation

Date 22/04/2015

SIFMA today released the following statement from Andy Blocker, executive vice president, public policy and advocacy, as the U.S. House of Representatives moves to consider H.R. 1731 (the National Cybersecurity Protection Advancement Act of 2015) and H.R. 1560 (the Protecting Cyber Networks Act):  

"Cyber attacks are increasingly a major threat to national security and the economy, and improving our nation's collective ability to defend against these attacks is a top priority for the financial services industry. SIFMA and our member firms have long been strong advocates for Congressional action in this area and we applaud the House for recognizing the importance of public-private information sharing and bringing these issues up for debate today. "

Notice Of The Annual General Meeting Of Oslo Børs VPS Holding ASA

Date 22/04/2015

The Annual General Meeting 2015 of Oslo Børs VPS Holding ASA will be held on 18 May 2015 at 16.00 hrs at the offices of Oslo Børs, Tollbugata. 2, Oslo. The notice of the Annual General Meeting was posted to the shareholders 22 April 2015 and is accessible on www.osloborsvps.no.

Euronext Announces Departure Of Dominique Cerutti

Date 22/04/2015

Euronext today announced that Dominique Cerutti, CEO of Euronext N.V. and Chairman of the Managing Board, will leave the company on 15 July 2015.  Mr. Cerutti, who joined NYSE Euronext in 2009 as President and Deputy CEO1, has decided to take a new position as Chairman and CEO at Altran.  The Supervisory Board of Euronext has regretfully acknowledged this decision and would like to thank Mr. Cerutti for his outstanding contribution as CEO of Euronext N.V..