News Centre

Program Trading Averaged 31.0 Percent Of NYSE Volume During Aug. 13-17

Date 23/08/2012

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms' executed volume from NYSE's orders database. The report includes trading on the NYSE for Aug. 13-17.

New York Fed Sells Remainder Of Maiden Lane III LLC Securities - Marks End Of AIG-Related Assistance - Approximately $6.6 Billion Net Gain Generated For U.S. Public From The Portfolio

Date 23/08/2012

The Federal Reserve Bank of New York (New York Fed) today announced the sale of the remaining securities in the Maiden Lane III LLC (ML III) portfolio.  The New York Fed’s management of the ML III portfolio will result in a net gain for the benefit of the public of approximately $6.6 billion, including $737 million in accrued interest on the New York Fed’s loan to ML III.  

NYSE Amex Options To Eliminate Position Limits For Options On SPY - Enhancing Transparency, Liquidity And Competition In The U.S. Options Market

Date 23/08/2012

NYSE Amex Options, one of NYSE Euronext’s (NYX) two leading U.S. options exchanges, today announced that it has become the first exchange to file for and receive approval from the U.S. Securities and Exchange Commission (SEC) to eliminate position limits for options on the SPDR® S&P 500® Exchanged-Traded Fund (“SPY”) on a fourteen-month pilot basis. Designed to meet growing demand by options customers to trade the most active class of options, this pilot program is launching immediately. NYSE Amex Options is the only options exchange that does not charge customers a fee to trade SPY options.

FIA Announces Hiring Of Dawn Stump As Head Of Government Affairs

Date 23/08/2012

The Futures Industry Association is pleased to announce that Dawn Stump will join the association as senior vice president and head of government affairs, starting Sept. 10. In this newly created position, Stump will lead and coordinate FIA’s relations with Congress and participate in the development and implementation of FIA’s legislative and regulatory strategy.

Financial Services Firms Must Have Trustworthy Outsourcing Partners

Date 23/08/2012

With data particularly sensitive to businesses in the financial services sector and with high profile IT failures taking place recently, the issue of trust is vital as businesses move to the cloud. 

Statement At SEC Open Meeting By Commissioner Elisse B. Walter

Date 23/08/2012

Thank you, Chairman Schapiro.

Next, we will consider adoption of final rules to implement Section 1504 of the Dodd-Frank Act. Section 1504 added Section 13(q) to the Exchange Act, which requires the Commission to issue final rules that require each resource extraction issuer to include in an annual report information relating to any payment made by the resource extraction issuer, a subsidiary of the resource extraction issuer, or an entity under the control of the resource extraction issuer to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals.

CFTC Charges Illinois Resident Donald A. Newell And His Company, Quiddity, LLC, With Running A Fraudulent Allocation Scheme, Making Material False Statements To The CFTC, And Recordkeeping Violations

Date 23/08/2012

The U.S. Commodity Futures Trading Commission (CFTC) today filed a federal civil enforcement action charging defendants Donald A. Newell of Glenview, Ill., and his Chicago-based company, Quiddity, LLC, with engaging in a scheme that fraudulently allocated commodity futures and options trades to benefit a corporate proprietary account, at the expense of customer accounts managed and traded by Quiddity. Newell owns and controls Quiddity and is a registered Associated Person of Quiddity, which is a registered Commodity Pool Operator and Commodity Trading Advisor.

Financial Firms Support CIFT’s Assessment Of HRC Role In Market Stability

Date 23/08/2012

The Center for Innovative Financial Technology (CIFT) at Lawrence Berkeley National Laboratory has received $100,000 in research donations to study and promote the use of leading edge supercomputing and data intensive science for improving stability, regulation, and enforcement in U.S. markets.

Opening Remarks Regarding The Adoption Of Final Rules For Conflict Minerals By SEC Commissioner Elisse B. Walter

Date 23/08/2012

Earlier this year, in discussing regulations under Title VII of the Dodd Frank Act, I highlighted the 5 W’s – who, what, where, when, and why. I continue to think that these basic inquiries can be useful guides for regulators, helping us to focus on the questions we need to answer when adopting regulations and guidance. This is equally true for the regulations under Title XV before us today.

Citigroup Not Happy With Nasdaq's Facebook Compensation Plan

Date 23/08/2012

Citigroup is not happy with Nasdaq OMX Group Inc's plan to compensate firms affected byFacebook's ill-starred IPO.