News Centre

Statement Of CFTC Commissioner Mark P. Wetjen In Support Of Adoption Of Amendments To CFTC Regulation 1.22 (Residual Interest Deadline For Futures Commission Merchants)

Date 18/03/2015

In the fall of 2013, the Commission made some important changes to rule 1.22, to which registered futures commission merchants (FCMs) are subject. The revision to this rule, known as the “residual-interest requirement”, clarified that one customer’s funds could not be used by an FCM to cover another customer’s margin deficit, but phased in a deadline for stricter compliance with this clarified standard. The change was designed to reduce risks to those customer funds placed in the care of FCMs, and were among a host of regulatory enhancements adopted by the Commission after two failures of large, registered FCMs in 2011 and 2012 – MF Global and Peregrine Financial.

Statement Of CFTC Commissioner J. Christopher Giancarlo In Support Of Adoption Of Amendments To CFTC Regulation 1.22 (Residual Interest Deadline For Futures Commission Merchants)

Date 18/03/2015

I support the Commission’s action to change the residual interest deadline, if necessary or appropriate, only upon a Commission rulemaking following a public comment period. This approach will allow the Commission to better understand the market impacts and operational challenges of moving the residual interest deadline. This approach is especially important given the likely negative impacts on smaller futures commission merchants who provide our farmers, ranchers and rural producers with critical risk management services.

CFTC Approves Final Rule On Residual Interest Deadline For Futures Commission Merchants

Date 18/03/2015

The U.S. Commodity Futures Trading Commission (Commission) today unanimously approved a final rule removing the December 31, 2018 automatic termination of the phased-in compliance period for the Residual Interest Deadline for futures commission merchants (FCMs).

Bloomberg Reports BGC In Talks To Sell Technology Assets To CME Group ,

Date 17/03/2015

CME Group Inc. is said to have had held preliminary discussions with BGC about buying GFI Group Inc.’s technology assets after losing a takeover battle for the brokerage to BGC Partners Inc., reported Bloomberg, citing people with knowledge of the matter. 

TreveriMarket And Tradeyom Announce Deal On Platform Technology

Date 17/03/2015

TreveriMarket, the alternative global marketplace that connects innovative young companies with investors, on 11 March announced that it will use technology from Tradeyom to improve the efficiency and transparency of its fundraising process.

SIFMA President And CEO Kenneth E Bentsen Jr Remarks As Prepared For SIFMA Compliance And Legal Society Annual Seminar

Date 17/03/2015

Good morning. I’m Ken Bentsen, president and CEO of SIFMA. Thank you for joining us at the 47th Annual Compliance & Legal Seminar.

Over the years the C&L Annual Seminar has evolved into SIFMA’s marquee event for the securities compliance and legal practice. As the role and responsibility of compliance and legal professionals continue to grow, it is critical that this forum of industry and regulators come together to educate each other and share ideas and concerns. 

The New York State Department of Financial Services Now Accepting Applications For Commerzbank Independent Monitor

Date 17/03/2015

The New York State Department of Financial Services (“the Department”) is accepting applications from firms interested in serving as the independent monitor for Commerzbank AG and Commerzbank AG New York Branch (individually and collectively, “Commerzbank”), pursuant to paragraphs 48 through 55 of the Department’s March 12, 2015 Consent Order.

CalPERS Receives Distinguished Finance Award - Highest Form Of Award For Annual Budget

Date 17/03/2015

The California Public Employees’ Retirement System (CalPERS), Financial Office was honored for excellence in budget reporting by the Government Finance Officers Association (GFOA). The GFOA awarded CalPERS the Distinguished Budget Presentation Award for the 2014-15 Fiscal Year (FY) Annual Budget Report.

Euronext Brussels Introduces Spotlight Options On Ontex And D’Ieteren

Date 17/03/2015

Euronext announced today the successful introduction of spotlight options on the shares of Ontex (option trading symbol: ONT) and D’Ieteren (option trading symbol: IET).  The spotlight options will be available as of today on the derivatives market of Euronext Brussels.

ICE Futures U.S. Sets Daily Volume Record In Mini MSCI Complex And Mini MSCI EAFE Futures

Date 17/03/2015

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures U.S. reported record daily volume in the mini MSCI® futures complex as well as futures based on MSCI’s benchmark for international equity performance, the mini MSCI EAFE® index, which tracks equities in developed markets in Europe and Asia.