News Centre

LCH.Clearnet’s SwapClear Launches Major Enhancements To FCM Service -- Significant Upgrades Include Extended Choice Of Collateral, Increased Connectivity, Enhanced Trade Submission And Risk-Free Compression

Date 05/12/2011

LCH.Clearnet Limited (LCH.Clearnet), the world’s leading independent clearinghouse and a CFTC-regulated DCO, today announced that it has gone live with significant enhancements to its SwapClear service. Following extensive consultation with the buy side and Futures Commission Merchants, SwapClear now accepts a broader range of collateral for initial margin and offers increased connectivity and variable notional swaps. In addition, the platform offers risk-free compression and flexible trade submission and is now directly accessible via TradeWeb and Bloomberg (VCON and Electronic Trading) through SwapClear’s ClearLink API in addition to MarkitSERV.

Opening Statement Before A Meeting Of The Commodity Futures Trading Commission, Washington, DC - CFTC Chairman Gary Gensler

Date 05/12/2011

Good morning. This meeting will come to order. This is a public meeting of the Commodity Futures Trading Commission (CFTC) to consider final and proposed rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). I’d like to welcome members of the public, market participants and members of the media, as well as those listening to the meeting on the phone or watching the webcast.

The Autorité Des Marchés Financiers Enforcement Committee Sanctions Two Investment Management Companies For Their Failure To Establish And Maintain Procedures That Could Have Allowed Them To Identify The Risks Relating To Some Of Their “Madoff” Investments

Date 05/12/2011

By  decisions  of  21  October  2011,  the  Enforcement  Committee  ruled  that  two  asset  managementcompanies had failed to fulfil notably their obligations of due diligence and professionalism in controlling the risks of investments made for third parties, and therefore pronounced financial sanctions of amounts proportional to the gravity of these breaches and the size of each of the companies

• €300,000 against EIM France SAS (“EIM” hereafter)
• €150,000 against Alternative Leaders France (“ALF” hereafter).

Dow Jones Islamic Market Indexes Commentary: November 2011 Plunge In DJIM Basic Materials Index Rekindles Regional Fears Of 2012 Recession

Date 05/12/2011

Many of the world’s central banks were quite active in the financial markets during the month of November. But while worldwide markets cheered November 30’s move by a group of central banks to cut the rate it charges the European Central Bank (ECB) for short-term dollar loans, the reaction to Middle Eastern intervention was not as well received. The United Arab Emirates (UAE) central bank’s attempt in November to provide market liquidity via purchases of US Treasury notes didn’t help The Dow Jones Islamic Market Basic Materials Index, which plunged 4.27% for the month, rekindling regional fears of a 2012 economic recession.

CFTC Commissioner Jill E. Sommers: Opening Statement Before The Sixth Open Meeting To Consider Final Rules Pursuant To The Dodd-Frank Act

Date 05/12/2011

Thank you Mr. Chairman. I too would like to welcome Commissioner Wetjen to his first CFTC Dodd-Frank open meeting. And, as always, I thank the teams who have worked so diligently on the two final rules and the proposal we are considering today. The longs hours you have committed to the documents before us today are very much appreciated.

New Product Provider Ossiam Lists Five Exchange - Traded Funds (ETFs) On SIX Swiss Exchange

Date 05/12/2011

SIX Swiss Exchange welcomes Ossiam as a new issuer to the ExchangeTraded Funds segment. Ossiam was founded in 2009. At the end of October 2010, it became a subsidiary of Natixis Global Asset Management, the investment banking arm of France’s BPCE savings and cooperative bank group and one of the 15 biggest asset managers in the world. With the five new Ossiam ETFs based on European and American indices, SIX Swiss Exchange's ETF segment now comprises 753 ETFs, of which 112 are also listed in an additional currency.

CME Group Sets OTC Clearing Volume Record For The Fourth Consecutive Month, Surpasses $150 Billion In Total Notional Cleared

Date 05/12/2011

CME Group, the world's leading and most diverse derivatives marketplace, today announced that it set new monthly records for clearing interest rate swaps (IRS) and credit default swaps (CDS). For the month of November, the company cleared $61.9 billion in combined OTC IRS and CDS volume, a 36 percent increase over the previous record monthly total of $45.5 billion set in October 2011.

Statements Of Support By CFTC Chairman Gary Gensler

Date 05/12/2011

Investment of Customer Funds

I support the final rule to enhance customer protections regarding where derivatives clearing organizations (DCOs) and futures commission merchants (FCMs) can invest customer funds. I believe that this rule is critical for the safeguarding of customer money.

Dow Jones Islamic Market Indexes November 2011 Performance Report

Date 05/12/2011

The global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, had a down month in November with a loss of 0.57%, closing at 2213.85. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of 2.31%, closing at 171.24.

UNX Hires Henry Yegerman To Head Global Product Management

Date 05/12/2011

UNX LLC (www.unx.com), a leading provider of innovative trading technology solutions, welcomes trading analytics expert Henry Yegerman as Head of Product Management. He joins UNX after 12+ years at Investment Technology Group (ITG), most recently as Managing Director of Analytical Products and creator of ITG's acclaimed transaction cost analysis products.