News Centre

Trading Hours On Nzx.com

Date 19/12/2012

NZX wishes to confirm that the NZSX, NZAX, NZDX and FSM markets will be closed on 2 January 2013. The Derivatives market will trade for an abbreviated amount of time. This will be reflected on nzx.com overnight.

CFTC Releases Rule Enforcement Review Of ICE Futures US

Date 19/12/2012

The Commodity Futures Trading Commission (Commission) has notified ICE Futures U.S. (ICE Futures or Exchange) of the results of a rule enforcement review completed by the Commission’s Division of Market Oversight (Division). The review covered the target period from November 1, 2010 to November 1, 2011. The Division assessed the Exchange’s compliance with new Core Principle 13, relating to the Exchange’s disciplinary program.

Richard Costigan Re-Elected To CalPERS Board

Date 19/12/2012

The California State Personnel Board (SPB) has re-elected Richard Costigan as its representative to the California Public Employees’ Retirement System (CalPERS) Board of Administration.

CFTC Issues Interim Final Rules Regarding Business Conduct And Documentation Requirements For Swap Dealers And Major Swap Participants

Date 18/12/2012

The Commodity Futures Trading Commission (CFTC) today approved interim final rules for swap dealers and major swap participants who would otherwise be required to comply with certain business conduct and documentation requirements found in provisions of subpart F, subpart H, and subpart I to part 23 of the Commission’s Regulations. The Commission voted [5-0] via seriatim to approve the interim final rules, which will become effective immediately upon publication in the Federal Register.

S&P Dow Jones Indices Announces Changes In Canadian Indices - A Deletion From S&P/TSX Venture Composite And Venture Select Indices

Date 18/12/2012

The shareholders of Galway Resources Ltd. (TSXVN:GWY) have approved the Plan of Arrangement whereby the company will be acquired by AUX Acquisition 2 Sarl. Shareholders of Galway Resources will receive $CDN2.05 cash per share held and shares of two spinout companies.

Presentation: Implementing Dodd-Frank - CFTC’s Moderating Actions, ISDA’s Requests

Date 18/12/2012

Click here to download the presentation: Implementing Dodd-Frank - CFTC’s Moderating Actions, ISDA’s Requests.

November 2012 FIF Market Share And Market Dynamics Reports – Executive Summary

Date 18/12/2012

U.S. Equities Market Share

• Share volumes traded across Tape A, B, and C increased1% monthly and decreased 16% annually to 130 billion shares 
• In November 2012, off-exchange trading accounted for33% of the shares traded in NMS Equity Securities.
• Share volumes in NYSE-listed securities decreased 0.5%monthly and decreased 16% annually to 72 billion shares.
• NASDAQ-listed securities share volume increased 1%monthly and decreased 5% annually to 36 billion shares.

ISDA Credit Derivatives Determinations Committee: Edison Mission Energy Bankruptcy Credit Event

Date 18/12/2012

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Edison Mission Energy.

FIF Capacity Statistics For November 2012 - Four New Record Peaks: Deutsche Börse CEF Core Total, SIAC OPRA, Deutsche Börse CEF Core Eurex and BATS Options MCASTPITCH AGG

Date 18/12/2012

This month’s bulletin from the Financial Information Forum (FIF) finds that for the second consecutive month, Deutsche Börse CEF Core Total was up a record 15% to 228,106 mps over the 1 second interval

SEC Revokes Registration Of Toronto-Based Broker And Bans Two Executives From U.S. Securities Industry For Allowing Layering

Date 18/12/2012

The Securities and Exchange Commission today charged a Toronto-based brokerage firm and its top two executives for failing to supervise overseas day traders who used the firm’s order management system to engage repeatedly in a manipulative trading practice known as layering.