News Centre

SIFMA And AFME Statement On TTIP

Date 13/06/2014

SIFMA President and CEO Kenneth E. Bentsen, Jr. and AFME CEO Simon Lewis today issued the following statement in response to remarks by Michel Barnier, European Commissioner for Internal Market and Services, at the Peterson Institute for International Economics regarding developments in US-EU financial services and a Transatlantic Trade and Investment Partnership (TTIP):

"SIFMA and AFME believe it is imperative that financial services regulatory coordination be included as a key component of TTIP, and we commend Commissioner Barnier for his focus on this issue. A financial services regulatory framework between the US and EU would enhance coordination, reduce conflict and confusion, and improve the efficiency of regulations across borders. We urge policymakers to capitalize on this opportunity provided by TTIP to promote consistent high-quality regulatory standards in global markets and economies that are closely intertwined."

SEC Charges Four California Residents In $12 Million Insider Trading Scheme

Date 13/06/2014

The Securities and Exchange Commission today charged four Northern California residents with insider trading in Ross Stores stock options based on nonpublic information about monthly sales results leaked by one of the retailer’s employees.

OneChicago Holiday Notice – Independence Day July 4th

Date 13/06/2014

In observance of the Independence Day Holiday, July 4th, OneChicago (OCX) will follow the schedule below, which is consistent with U.S. equity markets.

Michel Barnier, Member Of The European Commission, Responsible For Internal Market And Services - The EU And US: Leading Partners In Financial Reform, Speech At The Peterson Institute For International Economics, Washington, 13 June 2014

Date 13/06/2014

Good morning ladies and gentlemen.

Thank you for inviting me to speak at the Peterson Institute today.

I very much appreciate Peterson's work analysing economic and financial issues. And the advice you give to policy makers.

CME Group Announces Record Trading Volume For NYMEX Brent (BZ) And British Pound Futures (GBP/USD)

Date 13/06/2014

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached trading volume records for both its NYMEX Brent (BZ) crude oil futures and British pound (GBP/USD) futures contracts yesterday, June 12, 2014. Trading volume for NYMEX Brent reached 112,446, compared to August 12, 2013, the last record day, when volume reached 104,839 contracts. Trading volume for British pound futures reached 337,633 contracts, compared to the previous record on May 7, 2010, of 307,280 contracts.

EBA Consults On Draft Guidelines Related To Disclosure Requirements For The EU Banking Sector

Date 13/06/2014

The EBA launches today a consultation on three Guidelines related to the information that institutions in the EU banking sector should disclose under Part Eight of the Regulation (EU) No 575/2013 (Capital Requirements Regulation - CRR). These Guidelines have been merged into one single document and cover how institutions should apply materiality, proprietary and confidentiality in relation to the disclosure requirements, as well as how they should assess the frequency of their disclosures. This work will enhance consistency in disclosure practices across the EU and are part of the work of the EBA aimed at ensuring transparency in the EU banking sector. The consultation runs until 13 September 2014.

TOM MTF Statistics Week 24, 2014

Date 13/06/2014

Click here to download the weekly statistics update of TOM MTF for week 24, 2014. 

ESMA And EBA Publish Harmonised Guidelines For Handling Consumer Complaints Across The EU

Date 13/06/2014

The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) published today their Joint Committee final Report on guidelines for handling consumer complaints in the securities and banking sectors. The document aims to increase market confidence and for the benefit of consumers and firms alike it will ensure a harmonised approach to handling complaints for all 28 EU Member States and across all financial services sectors.

MIAX Options: Changes To The Opening Process – Available Beginning June 16, 2014

Date 13/06/2014

The MIAX Options Exchange has recently amended MIAX Rule 503 (Openings on the Exchange) to change the definition of a valid width NBBO and valid width quote to correspond to the standard bid-ask differential specified under MIAX Rule 603(b)(4)(i).  This change modifies the valid opening standard quote width to $5.00.

EBA Publishes Report On Benchmarking Of Remuneration Practices In The EU

Date 13/06/2014

The European Banking Authority (EBA) published today a report providing a detailed analysis on remuneration practices across a sample of EU banks. The report, based on data collected on a consolidated basis from 2010 to 2012, sets benchmarks for different aspects of remuneration policies, and provides additional insight into the previously published data on "high earners" (staff earning EUR one million or more per year). Overall, the report shows an increasing trend in the remuneration paid to "risk takers", as well as a material shift from variable to fixed remuneration.