News Centre

ICAP Warns On Potential Impact Of Financial Transactions Tax

Date 07/04/2013

ICAP plc (IAP.L), the world’s leading interdealer broker and provider of post trade risk and information services today releases its analysis of the potential impact of implementing a financial transactions tax (FTT).

Abu Dhabi Securities Exchange To Further Enhance DVP

Date 07/04/2013

Abu Dhabi Securities Exchange (ADX) announced that it is continuing the process of enhancing Delivery Versus Payment (DVP) model, which ADX launched in May of 2011, through applying Buyer Cash Compensation (BCC) settlement procedure.  The new procedure, which will take effect in May 2013, means that a buying investor will be paid cash compensation in the unlikely event where securities are unavailable for delivery to the buying investor on settlement date.

Doha Global Investment Will Be Offered For Public Subscription During May

Date 06/04/2013

Dr. Hussain Ali Al Abdulla, Chairman of the Qatar Exchange Board of Directors, stated that the shares of the Doha Global Investment Company will offered to public subscription during May and will be listed for trading on Qatar Exchange following the completion of the subscription and the subsequent allocation processes, all the technical procedures and after obtaining the regulatory approvals required thereon.

CFTC’s Division Of Market Oversight And Division Of Clearing And Risk Issue Joint No-Action Relief For Swaps Between Affiliated Counterparties From Certain Swap Reporting Requirements

Date 06/04/2013

The Commodity Futures Trading Commission’s (“Commission”) Division of Market Oversight and Division of Clearing and Risk (“Divisions”) today issued no-action relief for swaps entered into between affiliates of certain wholly-owned and majority-owned market participants from the requirement to report their intra-group swaps to a registered swap data repository (“SDR”), under parts 45, 46, and regulation 50.50(b) of the Commission’s regulations, subject to several conditions.

Standard & Poor's Ratings Services: Ratings On The United Kingdom Affirmed At 'AAA/A-1+' - Outlook Remains Negative

Date 06/04/2013

• The U.K. government continues to benefit from its exceptional monetary flexibility and its strong and tested institutions, in our opinion.
• We believe that the government will implement its fiscal mandate and that it has the ability and willingness to respond rapidly to economic  challenges.
• We are therefore affirming our 'AAA/A-1+' unsolicited sovereign credit ratings on the U.K.
• The outlook remains negative, reflecting our view of at least a one-in-three chance that we could lower the ratings if the U.K.'s economic and fiscal performances were to weaken beyond our current expectations.

BATS 1000 Index Slides 1.3% This Week

Date 06/04/2013

BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) fell 229.40 points, or 1.3%, this week to close at 17,544.07 as ofthe 4 p.m. ET market close today. 

CFTC’s Division Of Market Oversight Issues No-Action Relief For End-Users From Certain Reporting And Recordkeeping Requirements Of The Trade Option Exemption

Date 05/04/2013

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) issued a no-action letter stating that DMO will not recommend that the CFTC commence an enforcement action against an entity that is neither a swap dealer (SD) nor a major swap participant (MSP) (collectively, non-SD/MSP), including all end-users, for failing to report under Part 45 of the CFTC’s regulations, as applicable, commodity options otherwise qualifying for the Part 32 trade option exemption, provided that the non-SD/MSP (1) reports such transactions pursuant to Form TO and (2) notifies DMO if it transacts in excess of $1 billion notional value of trade options in any calendar year.

Southern African Central Bank And Finance Ministry Officials Discuss Macroprudential Approaches To Supervision Of Financial Systems In The Region

Date 05/04/2013

Central Bank and Finance Ministry officials from across Southern Africa met this week to discuss enhanced supervision to maintain the stability of the region’s financial systems. The officials, together with international experts in the field, took part in an April 1-4 seminar entitledMacroprudential Approach to Supervision, organized in Pretoria by the International Monetary Fund’s Africa Regional Technical Assistance Center for Southern Africa (AFRITAC South) in collaboration with the South African Reserve Bank (SARB) College.

CFTC: Federal Court Orders Illinois Resident Brant L. Rushton And His Company, Summit Trading & Capital LLC, To Pay Over $4.8 Million For Fraud And Other Violations In Commodity Pool Scheme - B. Rushton Pled Guilty To Criminal Charges In A Parallel Federal Criminal Action And Was Sentenced To Eight Years In Prison

Date 05/04/2013

The U.S. Commodity Futures Trading Commission (CFTC) announced today that it obtained a federal court Order requiring Defendants Brant L. Rushton (B. Rushton) and Summit Trading & Capital LLC(Summit) of Champaign, Illinois, to jointly pay approximately $1.6 million in restitution to defrauded pool participants and a civil monetary penalty of approximately $3.2 million. The court’s grant of summary judgment also imposes permanent trading and registration bans against the Defendants and prohibits them from violating the anti-fraud and other provisions of the Commodity Exchange Act and Commission Regulations, as charged.

MIAX Options Exchange: Penny Pilot Classes For Option Classes To Start Trading On April 8, 2013

Date 05/04/2013

MIAX Regulatory Circular 2013-18 identifies options classes to start trading on April 8, 2013 to be included in the MIAX Penny Pilot Program.