News Centre

British Bankers' Association Statement Regarding The Treasury Committee’s Preliminary Findings On Libor

Date 18/08/2012

This is a significant contribution to the work the British Bankers' Association and the regulatory authorities have been undertaking to ensure the integrity of the benchmark.

Bank Of England Response To “Fixing LIBOR”, A Report By The Treasury Select Committee

Date 18/08/2012

The Bank welcomes the Treasury Select Committee’s conclusion that the Bank of England did not have any regulatory responsibilities for LIBOR during the relevant period.

UK House Of Commons Treasury Committee Publishes LIBOR Report

Date 18/08/2012

The Treasury Select Committee today publishes its report into LIBOR following its inquiry into the Final Notice issued by the Financial Services Authority with respect to Barclays on 27 June, 2012.

SEC Shuts Down $600 Million Online Pyramid And Ponzi Scheme

Date 17/08/2012

The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze to halt a $600 million Ponzi scheme on the verge of collapse. The emergency action assures that victims can recoup more of their money and potentially avoid devastating losses.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX Venture Composite Index

Date 17/08/2012

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

CounterPath Corporation (TSXVN:CCV) will be removed from the S&P/TSX Venture Composite Index after the close of trading on Friday, August 17, 2012. The company will graduate to trade on TSX under the same ticker symbol. 

BATS 1000 Index Rises 124 Points

Date 17/08/2012

BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) jumped 124.29 points, or 0.8%, this week to close at 15,902.41 as of 4 p.m . ET today.

Direct Edge Trading Notice #12-33: Discontinuation of the Message Efficiency Incentive Program

Date 17/08/2012

Please be advised that, subject to filing with the SEC, Direct Edge will discontinue the Message Efficiency Incentive Program, as announced in Direct Edge Trading Notice #12-18, effective Tuesday, September 4, 2012. 

SEC: New Charges In Insider Trading Case Include Former CEO And Professional Baseball Player

Date 17/08/2012

The Securities and Exchange Commission today announced a second round of charges in an insider trading case involving former professional baseball players and the former top executive at a California-based medical eye products company that was the subject of the illegal trading.

CME Group Announces Launch Of U.S. Midwest Scrap (AMM) Futures

Date 17/08/2012

CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of U.S. Midwest #1 Busheling Ferrous Scrap (AMM) futures to begin trading on September 10, subject to relevant regulatory approvals. This contract will be the first ferrous scrap futures contract available to U.S. steel industry participants, and will be listed by and subject to the rules of NYMEX.

CFTC Issues Proposed Order To Exempt Certain Non-Financial Energy Derivative Transactions Between Government-Owned Electric Utilities And Cooperatively-Owned Electric Utilities

Date 17/08/2012

The Commodity Futures Trading Commission (CFTC) today approved a Proposed Order that would exempt certain non-financial energy derivative transactions between and amongst government-owned electric utilities and cooperatively-owned electric utilities from most of the requirements of the Commodity Exchange Act (CEA). The entities eligible for the proposed relief are not-for-profit electric utilities charged with a unique public service mission of providing their customers with reliable, affordable electric energy. The Dodd-Frank Wall Street Reform and Consumer Protection Act directed the Commission to provide such an exemption for certain transactions between certain electric utilities if it is in the public interest. The Commission voted 5 to 0 via seriatim, and the comment period will be open for 30 days after publication in the Federal Register.