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Russell Eurozone Index Reflected A 20.1% YTD 2012 Gain As Of 12/17 As Russell Investments Predicts Continued "Downward Spiral" In 2013 In Southern Europe

Date 19/12/2012

The Russell Eurozone Index reflected a return of 20.1% year-to-date as of December 17th, 2012. Northern European countries enjoyed the strongest gains within the Eurozone Index, with Belgium (37.2%)-, Austria (35.4%) and Germany (31.0%) leading the way year-to-date as of 12/17. In Southern Europe, Greece (19.9%) led the way year-to-date as of 12/17, while Spain (1.5%) had the lowest year-to-date return within the Index.

SEC Charges Advisory Firms And Portfolio Managers For Roles In Collapse Of Midwest-Based Closed-End Mutual Fund

Date 19/12/2012

The Securities and Exchange Commission today charged two investment advisory firms and two portfolio managers responsible for managing a Midwest-based closed-end mutual fund for their roles in the failure to adequately inform investors about the fund’s risky derivative strategies that contributed to its collapse during the financial crisis.

CFTC Orders UBS To Pay $700 Million Penalty To Settle Charges Of Manipulation, Attempted Manipulation And False Reporting Of LIBOR And Other Benchmark Interest Rates

Date 19/12/2012

The U.S. Commodity Futures Trading Commission (“CFTC”) announced an Order today againstUBS AG and UBS Securities Japan Co., Ltd. (together “UBS” or the “Bank”), bringing and settling charges of manipulation, attempted manipulation and false reporting of certain global benchmark interest rates. These benchmarks, which are enormously significant to the American public and to financial markets, are the basis for hundreds of trillions of dollars of swaps transactions, commercial and consumer loans, futures contracts, and other financial derivatives products traded in over-the-counter markets and exchanges around the world. The Order requires UBS to pay a $700 million civil monetary penalty, cease and desist from further violations as charged, and take specified steps to ensure the integrity and reliability of its LIBOR and other benchmark interest rate submissions and improve related internal controls.

UBS Securities Japan Co. Ltd. To Plead Guilty To Felony Wire Fraud For Long-Running Manipulation Of LIBOR Benchmark Interest Rates - Two Former Senior UBS Traders Face Felony Charges Unsealed Today UBS AG To Pay Substantial Penalty In Agreement Reflecting Substantial Cooperation, Significant Changes

Date 19/12/2012

UBS Securities Japan Co. Ltd. (UBS Japan), an investment bank, financial advisory securities firm and wholly-owned subsidiary of UBS AG, has agreed to plead guilty to felony wire fraud and admit its role in manipulating the London Interbank Offered Rate (LIBOR), a leading benchmark used in financial products and transactions around the world, Attorney General Eric Holder announced today.   The criminal information, filed today in U.S. District Court in the District of Connecticut, charges UBS Japan with one count of engaging in a scheme to defraud counterparties to interest rate derivatives trades by secretly manipulating LIBOR benchmark interest rates.

"A Conscience Isn't Nonsense" - Statement Of CFTC Commissioner Bart Chilton On UBS Settlement

Date 19/12/2012

Every so often, folks wonder if some in the financial sector believe that having a business conscience is nonsense. Financial sector violations are hurtling toward us like a spaceship moving through the stars. All too often, penalties have been a simple cost of doing business. That needs to change.

MIAX Fee Schedule

Date 19/12/2012

Details are available in the full MIAX Fee Schedule at:http://www.miaxoptions.com/sites/default/files/circular-files/MIAX_RC_2012_012.pdf

Statement On Settlement Order Against UBS, CFTC Chairman Gary Gensler

Date 19/12/2012

Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler today made the following statement on the CFTC’s enforcement action that requires UBS to pay a $700 million penalty for unlawful conduct related to LIBOR:

“Falsely reported LIBOR and other benchmark rates undermine the integrity of markets and shake the public’s trust in our financial system. These rates are at the absolute core of our economy. Banks must not falsely report rates to protect their reputation, or try to manipulate benchmarks to increase trading profits."

New European Regulations Will Put Compliance Pressures On U.S. Alternative Fund Managers To Plan Ahead - Alternative Investment Fund Managers Directive Will Have Significant Impact On Fundraising Activities, Operations And Business Models: KPMG International Survey

Date 19/12/2012

With the compliance deadline for one of the most complex regulatory reform agendas ever introduced into the asset management industry only seven months away, a KPMG International survey of more than 70 alternative investment fund managers reveals that nearly half have not taken any concrete steps to analyze the impact the Alternative Investment Fund Managers Directive (AIFMD) will have on their businesses, or to make changes to their operations.

Knight Capital Group And GETCO Holding Company Agree To Merge - Cash And Stock Transaction Values Knight At Approximately $1.4 Billion - Provides Knight Shareholders With The Opportunity To Receive Cash And Participate In The Future Success Of The Combined Company - Transaction Creates Well-Capitalized, Global Financial Services Firm Providing Market Making And Agency Brokerage For Clients Worldwide - Combined Firm Will Be Publicly Traded

Date 19/12/2012

Knight Capital Group, Inc. (NYSE: KCG, "Knight") and GETCO Holding Company, LLC ("GETCO") today announced they have entered into an agreement for a strategic business combination whereby GETCO and Knight will be combined under a new publicly traded holding company.

iTB To Offer Direct Connectivity To BGC’s eSpeed Platform, Enhancing Its Growing Fixed Income Trading Network - iTBconnect Now Provides Institutional Investors Access To The Largest Pool Of Liquidity For US Treasuries

Date 19/12/2012

iTB Holdings, Inc., a leading software provider for institutional fixed income traders, today announced it has signed an agreement with leading global brokerage company BGC, enabling it to connect directly to BGC’s proprietary US government bond trading platform, eSpeed. The expansion of iTBconnect’s network will offer its institutional clients greater access to the US treasuries marketplace.