News Centre

Canadian Man Charged In First Federal Securities Fraud Prosecution Involving ‘Layering’

Date 13/01/2015

A Canadian man was arrested today for allegedly orchestrating a large-scale, international stock market manipulation scheme in the first federal prosecution of securities fraud involving a high-frequency trading strategy known as “layering,” U.S. Attorney Paul J. Fishman for the District of New Jersey announced.

SIFMA Commends Administration's Focus On Cybersecurity

Date 13/01/2015

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, after President Obama announced a new cybersecurity legislative proposal:

"Cybersecurity is a top priority for the financial services industry, which is dedicating significant resources to protect the integrity of the financial markets and the millions of people who use financial services every day." 

New White Paper On Fund Use Of Options In Portfolio Management Released - Number Of Options-Based Funds Growing - Options-Based Funds Had Higher Risk-Adjusted Returns, Lower Volatility

Date 13/01/2015

The Chicago Board Options Exchange® (CBOE®) announced today the release and publication of a groundbreaking new study: “Highlights of Performance Analysis of Options-Based Equity Mutual Funds, CEFs, and ETFs.” The study analyzed SEC-regulated investment companies (mutual funds, exchange traded funds (ETFs) and closed-end funds (CEFs)) that focus on use of exchange-listed options for portfolio management (options-based funds).

SEC Charges Canadian Man With Conducting Fraudulent Trading Scheme

Date 13/01/2015

The Securities and Exchange Commission today charged a man living in Ontario, Canada, with orchestrating a lucrative market manipulation scheme that relied on “layering” in which a trader places orders solely to trick others into buying or selling U.S. publicly traded stocks at artificially inflated or depressed prices.

Rescheduling Of The Amman Stock Exchange's Trading Session For The Third Market On Wednesday 14 January 2015

Date 13/01/2015

Based on the Prime Minister's decision to delay the official office hours of the government departments and public institutions due to the weather conditions, The Amman Stock Exchange announces that it will open for business on Wednesday 14th of January 2015 at 09:30 a.m., and the Trading Hours will be as the following:

ACER Analyses ENTSOG's EU Gas Supply Outlook For The Winter Of 2015

Date 13/01/2015

The Agency has also adopted recently an opinion on ENTSOG’s Winter Supply Outlook 2014-15. The Agency notes that according to ENTSOG, the capability of the European transmission system is appropriate as a whole to serve European markets in severe winter conditions or in a short-term disruption. However, the Agency points out that the implementation of infrastructure developments notably in South-East Europe is lagging behind planned schedules. On a positive note, the Agency agrees with the finding that the high level of gas in underground gas storages in the EU contributes to a higher level of operational flexibility in the current winter season. The Agency welcomes that ENTSOG has expanded the scope of non-EU countries in the analysis and encourages ENTSOG to include all relevant Contracting Parties of the Energy Community in the upcoming analyses.

CFTC Chairman Massad Announces Trip to Asia To Continue Dialogue On Swaps Market Reform

Date 13/01/2015

U.S. Commodity Futures Trading Commission Chairman Tim Massad will travel to Beijing, Hong Kong, Tokyo and Singapore in January to meet with government officials and market participants. Chairman Massad is making the trip in view of the increasing importance of the Asian derivatives markets and his desire to further the dialogue with government officials and market participants on common concerns and interests.

ACER Publishes Its First Implementation Monitoring Report On Gas Congestion Management Procedures (CMP)

Date 13/01/2015

In the first implementation monitoring report of its kind, the Agency finds incomplete implementation and limited application of congestion management procedures across the EU.

UK's Financial Conduct Authority: Temporary Prohibition Of Short Selling: Saipem

Date 13/01/2015

The Financial Conduct Authority (“FCA”) notifies that it temporarily prohibits short selling in the following instrument under Articles 23 (1) and 26 (4) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012. This follows a decision made by another EU Competent Authority.

SEC Announces 2015 Examination Priorities - Priorities Focus On Protecting Retail Investors, Assessing Market-Wide Risks And Using Data Analytics

Date 13/01/2015

The Securities and Exchange Commission today announced its Office of Compliance Inspections and Examinations’ (OCIE) priorities for 2015 which focus on three areas: protecting retail investors, especially those saving for or in retirement; assessing market-wide risks; and using data analytics to identify signs of potential illegal activity