News Centre

CFTC Obtains Default Judgment against The Trade Tech Institute, Inc., Technology Trading International, Inc., and Robert Sorchini for Fraudulent Solicitation of Managed Commodity Trading Accounts and Obtains Consent Judgment against Richard Carter as Controlling Person of Both Companies

Date 28/06/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Central District of California entered an order of default judgment and permanent injunction against The Trade Tech Institute, Inc. (Trade Tech), Technology Trading International, Inc. (Tech Trading), and Robert Sorchini (Sorchini), all of Los Angeles, Calif.  The same Court previously entered a consent order of permanent injunction against Richard Carter (Carter), also of Los Angeles, Calif.

BM&FBOVESPA: Agreement To Establish CAF Signed By Bodies - Mergers And Acquisitions Committee (CAF) To Operate As A Voluntary Self-Regulatory Organization, Inspired By The UK’s Takeover Panel

Date 28/06/2012

BM&FBOVESPA, the Association of Capital Markets Investors (AMEC) and the Brazilian Institute of Corporate Governance (IBGC) signed an agreementon June 27^th for the establishment of the Mergers and Acquisitions Committee (CAF). This is a voluntary self-regulatory organization aimed at assuring the equitable treatment of publicly-traded companies’ shareholders during public tender offers and corporate restructuring.

NICE Actimize Named No. 1 Anti-Money Laundering And Anti-Fraud Solutions Provider In Operational Risk & Regulation Magazine Rankings - Leading Positions Once Again Secured In Financial Crime Categories - 'Anti-Fraud' And 'Anti-Money Laundering' - Based On Survey Of The Financial Industry

Date 28/06/2012

NICE Actimize, a NICE Systems (NASDAQ:NICE) company and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, today announced that it has been ranked as the number one solutions provider in both the Anti-Money Laundering (AML) and Anti-Fraud software categories in Operational Risk & Regulation magazine's Compliance Software Rankings 2012.

Chicago Stock Exchange U.S. Independence Day Holiday Hours

Date 28/06/2012

In observance of Independence day, The Chicago Stock Exchange will be closed on Wednesday July 4, and will be closing early on Tuesday July 3, operating on the following schedule:

Early Session 6:00 AM to 8:30 AM
Primary Session 8:30 AM to 12:00 Noon
Late Session 12:00 Noon to 12:15 PM
Crossing Session 12:15 PM to 12:30 PM

SEC Adopts New Procedures For Reviewing Clearing Submissions Under Dodd-Frank Act

Date 28/06/2012

The Securities and Exchange Commission has adopted rules that establish procedures for its review of certain clearing agency actions. The rules were required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which called for a new regulatory framework for trading in over-the-counter derivatives, including swap agreements.

Bucharest Stock Exchange Launches BET-BK Index On July 3

Date 28/06/2012

Bucharest Stock Exchange (BVB) announces that on Tuesday, July 3, 2012, launches BET-BK index (Bucharest Exchange Trading Benchmark Index).

Testimony by SEC Chairman Mary L. Schapiro Concerning The "JOBS Act In Action Part II: Overseeing Effective Implementation Of The JOBS Act At The SEC" , Before The Subcommittee On TARP, Financial Services And Bailouts Of Public And Private Programs Oversight And Government Reform Committee, U.S. House Of Representatives

Date 28/06/2012

I appreciate the opportunity to testify regarding the implementation of the Jumpstart Our Business Startups Act (JOBS Act), as well as the implementation of our staff’s guidance on economic analysis in rulemaking.[1] In the two months since my testimony on these issues, we have continued to work hard to implement the new statutory provisions and to ensure that our rulemaking fully incorporates appropriate and rigorous economic analysis.

OIC And CISI Content Sharing Agreement Expands Access To Options Trading Education

Date 28/06/2012

The Options Industry Council (OIC) and the Chartered Institute for Securities & Investment (CISI) have signed a content sharing agreement making OIC's renowned equity options educational materials available to CISI's global membership.

TriOptima Captures 90% Of Collateralized OTC Derivatives On triResolve As ISDA Reports Daily Reconciliation Of OTC Portfolios Grows For Both Large And Small Firms

Date 28/06/2012

TriOptima announced that its counterparty exposure management service, triResolve, regularly reconciles 6.3 million OTC derivative trades representing 90% of the collateralized OTC derivatives market. In its recently-published ISDA Margin Survey 2012, respondents indicated that daily reconciliations increased from 31% to 47% for all firms, and from 61% to 71% for large firms primarily due to adoption of the triResolve service.

British Bankers’ Association LIBOR Statement - Thursday 28 June

Date 28/06/2012

The BBA said: 

"The British Bankers’ Association is shocked by yesterday’s report about LIBOR. The banks which contribute to the LIBOR rate must meet the necessary obligations to their regulators. The BBA has proactively co-operated with the authorities at every stage and will continue to work with the regulatory investigations into LIBOR, submitting information and making staff available for interview."