News Centre

MIAX Options Exchange - September 1, 2014 Fee Changes - Market Maker Volume Tiers, Transaction Fees & Priority Customer Rebate Program Incentives

Date 26/08/2014

 The MIAX Options Exchange has filed for immediate effectiveness of two filings to amend the MIAX Options Fee Schedule beginning September 1, 2014 as follows:

1. Amend the MIAX Market Maker sliding scale to change the volume threshold calculations from aggregate numbers to percentages of total national Market Maker volume
2. Increase the transaction fees for MIAX Market Makers, Public Customers that are not a Priority Customer, Non-MIAX Market Makers, Non-Member Broker-Dealers, and Firms by $0.02 per contract
3. Provide for additional incentives for achieving certain Priority Customer Rebate Program volume tiers
4. Adopt transaction fees for market participants in non-Penny Pilot options classes
5. Provide for additional incentives for achieving certain Priority Customer Rebate Program volume tiers for non-Penny Pilot options classes

STOXX Changes Composition Of Benchmark Indices - Results Of The Third Regular Quarterly Review To Be Effective On Sept. 22, 2014

Date 26/08/2014

STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced the new composition of the STOXX Benchmark and their sub- and sector indices, among them the STOXX Europe 600 Index, STOXX North America 600 Index and STOXX Asia/Pacific 600 Index.

The Mexican Stock Exchange ("BMV") Joins The Sustainable Stock Exchanges (SSE) Initiative

Date 26/08/2014

BMV Group has announced its adhesion as a Partner Exchange to the Sustainable Stock Exchanges (SSE) Initiative. The initiative is the learning platform to explore how stock exchanges can work together with investors, regulators and companies to improve corporate transparency and eventually performance in Environmental, Social and Governance (ESG) issues in order to foster responsible and long-term investment approaches.

SEC Charges Investor Relations Firm Executive With Insider Trading Ahead Of News Announcements By Clients

Date 26/08/2014

The Securities and Exchange Commission today charged a director of market intelligence at a Manhattan-based investor relations firm with insider trading ahead of impending news announcements by more than a dozen clients.  The charges were filed against Michael Anthony Dupre Lucarelli, who garnered nearly $1 million in illicit profits.

Montréal Exchange Sets New Volume Record On CGB® Ten-Year Government Of Canada Bond Futures

Date 26/08/2014

TMX Group today announced that Montréal Exchange set a new volume record on the Ten-Year Government of Canada Bond Futures contract (CGB) with 440,939 contracts traded on August 25, 2014, surpassing the previous record of 429,577 contracts set on February 24, 2014.

SEC Names James Schnurr As Chief Accountant

Date 26/08/2014

The Securities and Exchange Commission today announced it has named James Schnurr as its chief accountant. 

FINRA Fines Citigroup Global Markets Inc. $1.85 Million And Orders Restitution Of $638,000 For Best Execution And Supervisory Violations In Non-Convertible Preferred Securities Transactions

Date 26/08/2014

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Citigroup Global Markets Inc. $1.85 million for failing to provide best execution in approximately 22,000 customer transactions involving non-convertible preferred securities, and for related supervisory deficiencies for more than three years. FINRA also ordered Citigroup to pay more than $638,000 in restitution, plus interest, to affected customers.

Cairo Amman Bank: Jordan Capital Market Development - Account Segregation Requirements

Date 26/08/2014

The Jordan Securities Commission affirmed in a circular sent out to brokerage firms last week the need to abide by account segregation requirements as per regulations issued in April 2014. The regulations call for the separation of brokerage firms funds from those of their clients.

Xignite CEO To Join FinTech Industry Executives On Panel To Discuss API’s

Date 26/08/2014

Stephane Dubois, Founder and CEO of Xignite, the leading provider of cloud-based financial market data, will be speaking at the September FinTech Startups Meetup on September 3,2014, in New York.  

ASIC Lodges Second Submission To The 2014 Financial System Inquiry

Date 26/08/2014

ASIC has released its second submission to the 2014 Financial System Inquiry (Murray Inquiry).