News Centre

Direct Edge Trading Notice #14-60: EDGA And EDGX Post-Migration Communications

Date 10/12/2014

As part of the BATS/Direct Edge integration, effective upon the migration to the BATS trading platform on January 12, 2015, the Direct Edge website will be retired. Therefore, starting January 12th, all trading, product and pricing information for the EDGA Exchange and the EDGX Exchange will be available at www.batstrading.com and www.bats.com.

CFTC Orders IBFX, Inc. F/K/A Tradestation Forex, Inc. To Pay A $600,000 Penalty For Series Of Minimum Net Capital Deficits, Untimely Notice, And A Failure To Supervise

Date 10/12/2014

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against IBFX, Inc. f/k/a Tradestation Forex, Inc. (IBFX), a Florida-based Retail Foreign Exchange Dealer (RFED), for violating CFTC Regulations by failing to meet the minimum net capital requirements on three separate occasions, failing to timely report one of the minimum net capital deficits, and failing to supervise its employees and agents diligently by establishing, implementing, and executing an adequate supervisory structure and compliance programs.

SEC Announces Fraud Charges Against Buffalo-Based Firm And Co-Owners Accused Of Misleading Investors In Hedge Fund - Hedge Fund’s Portfolio Manager Agrees To Settle Charges

Date 10/12/2014

The Securities and Exchange Commission today announced fraud charges against a Buffalo, N.Y.-based investment advisory firm and two co-owners accused of making false and misleading statements to clients when recommending investments in a risky hedge fund.  The hedge fund’s portfolio manager agreed to settle similar charges.

Eurex Waives Fees For EURIBOR Futures - Zero Fees Period Announced Until March 2015 - T7 Trading System Release Provides New EURIBOR-Related Functionalities And Features

Date 10/12/2014

The international derivatives market Eurex Exchange has today announced a new initiative designed to further enhance the appeal of its short-term interest rate derivatives suite.

UK Financial Conduct Authority Response To The Davis Review

Date 10/12/2014

Introduction 

On 8 April 2014 the Financial Conduct Authority’s (FCA) Non-Executive Directors appointed Simon Davis of Clifford Chance to conduct an independent inquiry into the handling of the FCA’s announcement of proposed supervisory work on the fair treatment of long standing customers in life insurance. The FCA has now published the report of Mr Davis’ review in full.

SEC Penalizes Morgan Stanley For Violating Market Access Rule

Date 10/12/2014

The Securities and Exchange Commission today penalized Morgan Stanley & Co. LLC for violating the market access rule when it failed to uphold credit limits for a customer firm with a rogue trader who engaged in fraudulent trading of Apple stock.

ETF/ETP Roundtables: Year-End Highlight - The Series Of Events Launched By SIX Swiss Exchange In April For Professional Investors Was Successfully Held For The Fourth Time In 2014

Date 10/12/2014

Over 60 members of the Swiss ETF community attended the ETF/ETP Roundtable, which was held for the fourth time this year on 4 December 2014. Attendees in the ConventionPoint of SIX included market participants working in the field of asset management and market making as well as institutional investors and financial journalists. Chair Michael Rasch (NZZ) expertly guided the panellists Markus Fuchs (SFAMA), Marcel Aellen (independent advisor)and Rodolfo Straub (SIX Exchange Regulation) through the discussion on the topic of "Regulation - an overview".

OCC Official Testifies On Cybersecurity

Date 10/12/2014

The Office of the Comptroller of the Currency’s Senior Critical Infrastructure Officer Valerie Abend today discussed regulatory efforts to address cyber threats and vulnerabilities and coordinate information sharing for the benefit of the banking industry, regulatory community, and the financial system during testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

SIFMA Submits Cybersecurity Testimony To US Senate Banking Committee

Date 10/12/2014

SIFMA today released the following excerpts from a testimony submitted to the Senate Banking, Housing, and Urban Development Committee's hearing entitled "Cybersecurity: Enhancing Coordination to Protect the Financial Sector":

Montauk Holdings Lists On The JSE’s Main Board

Date 10/12/2014

Montauk Holdings (MNK) listed on the JSE earlier this week on Monday, 08th of December by way of introduction of all its issued ordinary shares. It has joined the Main Board in the “Integrated Oil and Gas” sector.