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OCC Bulletin: Proposed Rule On Margin And Capital Requirements For Covered Swap Entities: Notice Of Proposed Rulemaking

Date 07/10/2014

Description: Notice of Proposed Rulemaking

Summary

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Farm Credit Administration, and the Federal Housing Finance Agency (collectively, agencies) request comment on a proposal to establish minimum margin requirements for registered swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants (swap entities) subject to agency supervision. This proposed rule implements sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank). Sections 731 and 764 require the agencies to jointly adopt rules to establish capital requirements, as well as initial and variation margin requirements, for swap entities on all non-cleared swaps and non-cleared security-based swaps to offset the greater risk to such entities and the financial system arising from the use of swaps and security-based swaps that are not cleared.

Direct Edge Trading Notice #14-42: Access Services Fee Schedule Changes For 2015

Date 07/10/2014

BATS Global Markets announces our 2015 Access Services fee schedule (pending filing with the SEC) for all U.S. exchanges, which includes BATS BYX Exchange, BZX Exchange, EDGA Exchange, EDGX Exchange and BATS Options Exchange.

New York Attorney General Eric T. Schneiderman Applauds Deal Between University Of Michigan And Bloomberg Ending Early Release Of Market-Moving To High-Frequency Traders - Agreement Helps Curb Unfair Practices By High-Frequency Traders, Part Of Attorney General’s Effort To Combat “Insider Trading 2.0” - Schneiderman: “Insider Trading 2.0” Erodes Confidence In The Markets And Unfairly Disadvantages Other Investors

Date 07/10/2014

Attorney General Eric T. Schneiderman today praised the agreement between the University of Michigan and Bloomberg LP to distribute the university’s consumer confidence survey through Bloomberg’s news service. Bloomberg will take over distribution of the survey from Thomson Reuters, which charges investors a fee for an advance copy of the survey. Bloomberg announced that it will end that practice.  

Nasdaq September 2014 Volumes, 3Q14 Est. Revenue Capture

Date 07/10/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today reported monthly volumes for September 2014, as well as quarterly volumes and estimated revenue capture for the quarter ending September 30, 2014, on its investor relations website.

Direct Edge Trading Notice #14-41: Weekend Test Opportunity For New EDGA and EDGX Exchange Platforms In NY5 On October 11, 2014

Date 07/10/2014

Direct Edge, a BATS Global Markets Company, is pleased to offer Members the opportunity to participate in the first of four weekend tests of the new EDGA Exchange and EDGX Exchange trading platforms located in Equinix NY5 data center in Secaucus, NJ on Saturday, October 11, 2014.  All symbols and functionality normally available in production will be made available for these weekend tests.

Finansinspektionen - Swedish Financial Supervisory Authority - Administrative Fines For Solidum And Fjällförsäkringar

Date 07/10/2014

Credit market company Solidum has not managed its credit risks properly, and insurance company Fjällförsäkringar has had deficiencies in its coverage of liabilities. Both firms are being issued a remark and must pay administrative fines. 

Moscow Exchange Extends List Of Eurobonds Eligible For Interdealer Repo Trades

Date 07/10/2014

Six Russian corporate Eurobonds have been added to the list of bonds eligible for interdealer repo trading from 7 October 2014, increasing the total number to over 130.

CFTC Charges Florida-Based Forex Monthly Income Fund, LLC And Its Principals Jean Chauvel, Renaud Pierre-Charles, And Employee And Agent Robert Tripode With Forex Pool Fraud And Other Violations - Federal Court Issues Emergency Order Freezing Assets And Records

Date 07/10/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on September 30, 2014, Judge William Dimitrouleas of the U.S. District Court for the Southern District of Florida issued under seal an emergency Order freezing and preserving assets under the control of Jean Chauvel, Renaud Pierre-Charles, and Robert Tripode and their company Forex Monthly Income Fund, LLC (FMIF) (collectively, Defendants), a commodity pool operator based in the Miami, Florida area. The Order also prohibits the Defendants from destroying books and records and allows the CFTC immediate access to those records. The court scheduled a hearing for October 10, 2014, on the CFTC’s motion for a preliminary injunction.

Moscow Exchange Monthly Market Report: September 2014

Date 07/10/2014

The total monthly trading volume on the Moscow Exchange’s markets in September was RUB 43.7 trln. The average daily trading volume was RUB 2 trln, up 10.7% MoM. Trading in securities, RDRs, and mutual fund units made up 1.7% (RUB 0.8 trln) of the total trading volume, the bond market’s share was 1.7% (RUB 0.8 trln), the derivatives market made up 12% (RUB 5.3 trln), and the FX and money market accounted for a combined 84.6% (RUB 37 trln).

Surveillance: The FCAs Expectations And Toolkits - Speech By Patrick Spens, UK's Financial Conduct Authority Head Of Market Monitoring, At The British Banking Assiciation Market Abuse Conference

Date 07/10/2014

Market abuse remains a high priority of the FCA, ensuring that our markets are clean and protecting the integrity of the UK financial system.