News Centre

CFTC Issues Order Of Temporary Registration As A Swap Execution Facility To INFX SEF Inc.

Date 24/09/2013

The U.S. Commodity Futures Trading Commission (CFTC) has approved the application of INFX SEF Inc. (INFX SEF) for temporary registration as a swap execution facility (SEF) pursuant to section 5h of the Commodity Exchange Act (CEA) and section 37.3(c) of the CFTC’s regulations. INFX SEF is a Delaware corporation and is a wholly-owned subsidiary of Integral Development Corp., a California corporation.

New York Attorney General Schneiderman Highlights Growing Threat Early Access To Market-Moving Data & High-Frequency Trading Pose To U.S. Markets, Announces Confidential Hotline For Reporting Abuses - At Bloomberg Markets 50 Summit, Attorney General Urges Industry Insiders To Report Incidents Of New Form Of "Insider Trading 2.0" - Schneiderman: "Blinding Speed Coupled With Early Access To Data Gives Small Groups Of Traders The Power To Suck All The Value Out Of Market-Moving Information Before It Goes Public"

Date 24/09/2013

Attorney General Eric T. Schneiderman today highlighted the threat to our financial markets posed by the toxic combination of high-frequency trading, the potentially illicit sale of early access to market-moving information, and so-called "front-running" schemes that major hedge funds use to get early access to analyst reports. During remarks at the annual Bloomberg Markets 50 Summit today, Attorney General Schneiderman noted that this new form of "Insider Trading 2.0" undermines confidence in the markets by setting up a small minority of traders to receive enormous profits at the expense of the rest of the market.

CFTC Orders Vision Financial Markets LLC To Pay A $140,000 Civil Monetary Penalty For Failing To Diligently Supervise Its Employees

Date 24/09/2013

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Vision Financial Markets LLC (Vision), a CFTC-registered Futures Commission Merchant (FCM) headquartered in Stamford, Connecticut, for failing to diligently supervise by failing to aggregate a customer’s multiple accounts, failing to use the proper delta, and utilizing a faulty software program in calculating the customer’s net position. The CFTC Order requires Vision to pay a civil monetary penalty of $140,000 and to cease and desist from violating the CFTC’s Regulation 166.3.

Intervention By Cecilia Malmström On The EU-US TFTP Agreement In The European Parliament

Date 24/09/2013

European Central Bank Appoints Oliver Wyman As Consultant For The Comprehensive Assessment Of Supervised Banks

Date 24/09/2013

The European Central Bank (ECB) has appointed Oliver Wyman to support the preparation and implementation of the comprehensive assessment of the significant banks that will be directly supervised by the ECB. 

FTSE Country Classification Annual Review

Date 24/09/2013

This year’s annual FTSE Country Classification Review has been completed by the independent FTSE Country Classification Committee, and their recommended changes have been ratified by the FTSE Policy Group. As a result of the review, all country classifications remain unchanged. Two countries – Morocco and Qatar – have been added to the Watch List for further assessment in the next annual review, and Ukraine has been removed from the Watch List.

Borsa Italiana Acquires Majority Stake In EuroTLX SIM S.p.A.

Date 24/09/2013

• Borsa Italiana acquires 70 per cent of EuroTLX
• Massimo Tononi appointed as Chairman and Pietro Poletto as CEO of the company

Hellenic Exchanges S.A. - Change In The Composition Of The Board Of Directors [Corrected]

Date 24/09/2013

The Board of Directors of Hellenic Exchanges, at its meeting today, elected Mr. Fokion Karavias as new non-executive member, in place of the non-executive member Mr. Konstantinos Vousvounis who resigned. Mr. Karavias is a non-executive member of the Board of Directors at Eurobank Equities, General Manager of Capital Markets & Wealth Management and a Member of the Executive and the Management Committee at Eurobank.

U.S. Federal Regulators Issue Guidance On Reporting Financial Abuse Of Older Adults

Date 24/09/2013

Seven federal regulatory agencies today issued guidance to clarify that the privacy provisions of the Gramm-Leach-Bliley Act generally permit financial institutions to report suspected elder financial abuse to appropriate authorities.

CFTC Orders Florida Company Newbridge Metals, LLC To Pay Over $1.5 Million In Restitution For Illegal, Off-Exchange Precious Metals Transactions

Date 24/09/2013

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Newbridge Metals, LLC, based in Boca Raton, Florida, for engaging in illegal off-exchange precious metals transactions.