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CFTC Orders Connecticut-based Interactive Brokers LLC, A Registered Futures Commission Merchant, To Pay A $225,000 Civil Monetary Penalty - Firm Failed To Supervise Its Employees, Failed To Maintain Sufficient U.S. Dollars In Customer Segregated Accounts, And Failed To Compute On A Currency-By-Currency Basis The Amount Of Customer Funds On Deposit And Required To Be On Deposit In Segregated Accounts

Date 09/04/2013

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order requiringInteractive Brokers LLC (IB) of Greenwich, Conn., to pay a $225,000 civil monetary penalty for failing to calculate the amount of customer funds on deposit, the amount of funds required to be on deposit in customer segregated accounts, failing to maintain sufficient U.S. dollars (USD) in customer segregated accounts in the United States to meet all USD-denominated obligations, and supervision failures. The CFTC’s Order also requires IB to cease and desist from violating CFTC Regulations, as charged.

Changes To Warsaw Stock Exchange Management Board Approved

Date 09/04/2013

• On 9 April 2013, the Polish Financial Supervision Authority (KNF) has approved changes to the Management Board of the Warsaw Stock Exchange. 
• The new WSE Management Board: Adam Maciejewski – President, Beata Jarosz – Vice President, Paweł Graniewski – Vice President, Mirosław Szczepański – Member of the Management Board.

ADEX Monthly Statistical Bulletin - March 2013

Date 09/04/2013

Please click here to download ADEX monthly statistical bulletin for March 2013.

The Options Industry Council Congratulates The Quinnipiac Global Asset Management Education Forum On A Successful Third Year

Date 09/04/2013

The Options Industry Council (OIC) today congratulated everyone involved in this year’s Quinnipiac Global Asset Management Education (G.A.M.E.) Forum for producing a very successful program. Having just completed its third year, the G.A.M.E. Forum brought together more than 1,000 students from 118 colleges and universities representing 33 countries, 44 states, Puerto Rico and the District of Columbia to explore the important issues facing investment professionals today.

Remarks By Richard G. Ketchum, FINRA’s Chairman And Chief Executive Officer, At The National Compliance Outreach Program For Broker-Dealers

Date 09/04/2013

I'm honored to be with you today, particularly because the conversation we're having here about the role of compliance and effective controls is more important than ever. Our financial markets are changing quickly, and your commitment to continually assess risk, exposure and how your brokers interact with customers is key to ensuring investors are treated fairly. Events like this give us an opportunity to talk about how we can achieve our mutual goal of investor protection while ensuring that firms are able to provide innovative products that meet investor demand and generate revenue.

NASDAQ Dubai Visits India To Discuss Capital-Raising Options For Indian Companies

Date 09/04/2013

• Indian businesses keen to learn about listing opportunities on Middle East’s international exchange
• NASDAQ Dubai offers Indian issuers international and regional investor links

Powernext Gas: Record Spot Volume Traded In March

Date 09/04/2013

Powernext Gas Spot saw a record volume in March with 6 074 550 MWh traded on the French PEGs, demonstrating another strong activity growth.

Burgundy: 63 % Of Trading In Swedish Equities On Alternative Marketplaces

Date 09/04/2013

About 63 percent of the total Swedish equity trading was executed on alternative  marketplaces in March 2013. Burgundy reached a market share in Swedish equities  of about 1.40 (2.48) percent in March 2013.

NASDAQ OMX Enhances UltraFeed

Date 09/04/2013

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced it has enhanced UltraFeed^SM to include U.S. equity market depth data from NASDAQ, NYSE Euronext, Direct Edge and BATS exchanges. Included in UltraFeed's equity depth data is NASDAQ TotalView, a product that displays The NASDAQ Stock Market's full order book. TotalView features Net Order Imbalance information for NASDAQ's opening and closing crosses as well as for the IPO and halt crosses, insight that can help reveal new trading opportunities.

Victory Networks Acquires Trading Tech Company SailFish Systems - Trading Technology Firms Combine To Offer Efficient, Transparent, Cost Conscious Solutions

Date 09/04/2013

Victory Networks, Chicago-based network solutions provider for boutique trading firms announced the acquisition of New York based SailFish Systems today. The strategic integration is timely as algorithmic traders migrate out of bigger firms and demand the most cost-effective efficient technology models. Victory Networks has been delivering technology hosting and connectivity solutions to a long-time sophisticated derivatives trading community. Integrating SailFish Systems, a New York based financial technology firm running parallel in offerings enhances the capabilities of Victory with regard to resources, price scalability and overall coverage of markets. Both companies are born out of proprietary trading firms, as technology is the most important factor in achieving positive results. In-house technology and management is astronomical in cost thus the choice and growth in an efficient outsourced model allowing for strict focus on trading.