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Statement Of Dissent, FY 2013 President’s Budget And Performance Review - CFTC Commissioner Scott D. O’Malia

Date 13/02/2012

I respectfully dissent from the Fiscal Year 2013 Budget Submission for the Commission. This budget request, like several requests before it, makes an unsubstantiated case for a massive expansion in staffing that is both unrealistic and unsustainable in this deficit environment. The request for over 300 new FTEs above the current Spending Plan goal baseline of 710 FTEs amounts to an increase of roughly 43 percent. In terms of total budget funding, the request is $308 million, an increase of $103 million or 50 percent above the current level of $205 million. As I have stated many times before, an ever-expanding staff hiring plan is fiscally irresponsible and detrimental to the Commission’s already ailing technology programs. The Commission consistently fails to recognize that in the face of its broad new statutory authority to oversee and monitor both the futures and derivatives markets, it cannot afford to continue to push off the key development and deployment of high tech automated surveillance tools, real-time trade monitoring systems, integrated trade data capture and analysis tools and new risk analytics. I cannot sign off on any budget that would put the Commission’s ability to conduct its most basic surveillance and monitoring in jeopardy.

Supervisory Board Of Deutsche Börse AG Extends Executive Board Contract With Gregor Pottmeyer

Date 13/02/2012

The Supervisory Board of Deutsche Börse AG at its meeting today extended the Executive Board contract with Gregor Pottmeyer, the company’s Chief Financial Officer, by five years with effect from October 1, 2012.

SIFMA Urges Rule 621 Framework Not Impair Recovery Of Securitization Markets

Date 13/02/2012

In a comment letter filed today with the Securities and Exchange Commission, SIFMA expressed its appreciation for the intent of Section 621 of the Dodd-Frank Act, and agreed that certain reforms may be necessary to ensure that securitization transaction parties are not creating and selling asset-backed securities (ABS) that are intentionally designed to fail or default and profiting from the failure or default of such ABS.  At the same time, however, SIFMA urged the SEC to create a framework that prohibits these types of transactions while still allowing for the issuance of ABS without the uncertainty of overly broad or vague regulations or undue restrictions or prohibitions. 

Deutsche Börse Developing New Business Area - All Data And IT-Related Activities Pooled Management Change In IT

Date 13/02/2012

By way of underpinning its growth strategy, Deutsche Börse is creating a new business area geared to extending its client reach and service offering. In this move, notably IT with its system and service development and operating capabilities, Market Data and Analytics as well as selected external services are to be pooled under one roof. This includes, for example, the use of trading systems for other exchange companies, the business process offering in its entirety, IT operations for other financial service providers as well as network services.

Kansas City Board Of Trade: Presidents' Day Trading Hours - Schedule For Days Surrounding The Presidents' Day Holiday

Date 13/02/2012

In coordination with U.S. stock and commodity exchanges, the Kansas City Board of Trade will observe the following trading hours on the days before and after the upcoming Presidents' Day holiday on Monday, February 20, 2012.

Deutsche Börse AG Releases Preliminary Results For 2011 - Best Sales Performance Since Record Year 2008 - Costs In-Line With Lowered Guidance For 2011 - Strong Increase In Earnings Per Share Acceleration Of Growth Strategy Through Increased Investments In 2012 - Positive Outlook For 2012 Regular Dividend Of €2.30 And Special Dividend Of €1.00 Proposed - Share Buybacks Of Up To €200 Million Planned For H2/2012

Date 13/02/2012

“Heart Of The Matter: Resources” - Statement Of CFTC Commissioner Bart Chilton On The Administrations FY 2013 Budget

Date 13/02/2012

I support the President’s budget request for Fiscal Year 2013. It goes to the heart of the matter by proposing funding to ensure we have the rudimentary resources to do our job.

Director Of L.A. Office Rosalind Tyson To Retire After 30 Years Of SEC Service

Date 13/02/2012

The Securities and Exchange Commission today announced that Rosalind Ramsey Tyson, Director of the SEC’s Los Angeles Regional Office, will retire at the end of March after 30 years of service with the agency.

Chairman’s Letter, President’s Budget And Performance Plan For Fiscal Year 2013 - CFTC Chairman Gary Gensler

Date 13/02/2012

Dear Senators Inouye and Cochran and Representatives Rogers and Dicks:

I am pleased to transmit the Commodity Futures Trading Commission (CFTC) Budget and Performance Estimate for FY 2013. The CFTC’s budget request strikes a balance between important investments in technology and human capital, both of which are essential to carrying out the agency’s mandate under the Commodity Exchange Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

International Securities Exchange Introduces Premium Access Connectivity - New 10 Gigabit Connection Offers Ultra-Low Latency To Subscribers

Date 13/02/2012

The International Securities Exchange (ISE) is now offering a PremiumAccess connection in its primary data center. Premium Access subscribers will connect to ISE over Juniper Networks’ high performance, ultra-low latency 10 gigabit Ethernet switches. The introduction of the Juniper switches along with new network cards and a custom load balancing scheme will enable member firms with a direct connection to ISE to reduce their roundtrip network latency by up to 150 microseconds, or approximately 90 percent.