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  • BATS 1000 Index Jumps 2.5% This Week

    Date 20/12/2013

    BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) jumped 508.04 points this week to close at 20,494.37 as of the 4 p.m. ET market close today.  

  • Statement Of Dissent By CFTC Commissioner Scott D. O’Malia - Comparability Determinations For Australia, Canada, The European Union, Hong Kong, Japan, And Switzerland: Certain Entity And Transaction-Level Requirements

    Date 20/12/2013

    I respectfully dissent from the Commodity Futures Trading Commission’s (“Commission”) approval of the Notices of Comparability Determinations for Certain Requirements under the laws of Australia, Canada, the European Union, Hong Kong, Japan, and Switzerland (collectively, “Notices”). While I support the narrow comparability determinations that the Commission has made, moving forward, the Commission must collaborate with foreign regulators to harmonize our respective regimes consistent with the G-20 reforms.

  • S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - Deletions From The S&P/TSX Preferred Share Indices

    Date 20/12/2013

    S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

    Industrial Alliance Insurance & Financial Services Inc. (TSX:IAG) has announced its intention to redeem for $CDN 25.00 cash per share all of the outstanding shares of its 6.20% Non- Cumulative 5-Year Rate Reset Class A Preferred Shares, Series ‘C’ (TSX:IAG.PR.C). The shares of this issue will be removed from the S&P/TSX Preferred Share Laddered Index after the close of trading on Tuesday, December 31, 2013.

  • CFTC Approves Comparability Determinations For Six Jurisdictions For Substituted Compliance Purposes - Australia, Canada, The European Union, Hong Kong, Japan, And Switzerland Are Deemed Comparable With Respect To Certain Swaps Provisions Of The Dodd-Frank Act

    Date 20/12/2013

    The Commodity Futures Trading Commission (Commission) today approved a series of broad comparability determinations that would permit substituted compliance with non-U.S. regulatory regimes as compared to certain swaps provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and the Commission’s regulations. Substituted compliance describes the circumstances where the Commission’s general policy would be to permit non-U.S. swap dealers or non-U.S. MSPs whose swaps activities might bring them within the scope of certain Commission regulations, to use compliance with regulations in their home jurisdiction as a substitute for compliance with the relevant Commission regulations. This approach builds on the Commission’s long-standing policy of recognizing comparable regulatory regimes based on international coordination and comity principles with respect to cross-border activities involving futures and options.

  • Joint Statement Of CFTC Chairman Gensler And Commissioners Chilton And Wetjen

    Date 20/12/2013

    We support the Commission’s approval of broad comparability determinations that will be used for substituted compliance purposes. For each of the six jurisdictions that has registered swap dealers, we carefully reviewed each regulatory provision of the foreign jurisdictions submitted to us and compared the provision’s intended outcome to the Commission’s own regulatory objectives. The resulting comparability determinations for entity-level requirements permit non-U.S. swap dealers to comply with regulations in their home jurisdiction as a substitute for compliance with the relevant Commission regulations.