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SIFMA Statement On CFTC's Volcker Rule Proposal

Date 11/01/2012

SIFMA today released the following statement from Tim Ryan, president and CEO after the Commodity Futures Trading Commission's adoption of a proposal implementing the Volcker Rule. 

NYSE Group Inc. Issues Short Interest Report

Date 11/01/2012

The NYSE Group, Inc. today reported short interest as of the close of business on the settlement date of December 30, 2011.

NASDAQ Announces End-Of-Month Open Short Interest Positions In NASDAQ Stocks As Of Settlement Date December 30, 2011

Date 11/01/2012

At the end of the settlement date of December 30, 2011, short interest in 2,271 NASDAQ Global Market^SM securities totaled 6,433,379,539 shares compared with 6,558,926,307 shares in 2,267 Global Market issues reported for the prior settlement date of December 15, 2011. The end-of-December short interest represents 3.60 days average daily NASDAQ Global Marketshare volume for the reporting period, compared with 4.05 days for the prior reporting period.

"That It Was All Very Complicated." - Opening Statement Of CFTC Commissioner Scott D. O'Malia, Open Meeting On Three Final Rules, One Proposed Rule, And One Delegation Of Authority Order

Date 11/01/2012

Introduction

“That it was all very complicated¹,” writes Michael Lewis in his 2010 book The Big Short: Inside the Doomsday Machine. He was writing about how customers were sold publicly-traded credit default swaps (CDOs) by Wall Street firms and were kept in the dark about the nature and value of these investments. It was complicated because who would want to believe that customers were being duped into paying to essentially take out the trash generated by the housing bubble’s magnificent burst? Fortunately, today’s rulemaking slate seeks to require dealers to be more accountable to their customers and offer improved protection of segregated funds held by futures commission merchants.

NYSE Amex Issues Short Interest Report

Date 11/01/2012

NYSE Amex (formerly known as NYSE Alternext US) today reported short interest as of the close of business on the settlement date of December 30, 2011.

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

Date 11/01/2012

Thank you Mr. Chairman. And, as always, I thank the teams who have worked so diligently on the proposal and final rules we are considering today.

ISDA Announces Membership And Mission Of The Industry Clearing Committee

Date 11/01/2012

The International Swaps and Derivatives Association, Inc. (ISDA) announced today the membership and charter of the Industry Clearing Committee (ICC). 

“What About MF Global?” Statement Of CFTC Commissioner Scott D. O’Malia

Date 11/01/2012

Today, the Commodity Futures Trading Commission (the “Commission”) is voting to finalize a rulemaking on protection of cleared swaps customer collateral.¹ Whereas I support this rulemaking, I believe that it is important to detail its limitations, so that we do not offer market participants a misleading sense of comfort in light of the collapse of MF Global, Inc. (“MF Global”). As I will explain further, the Commission has much more work to do to increase confidence in the customer protections that our regulations offer.

Rapid Ratings Hires Legal And Financial Services Veteran To Lead Strategic Relations

Date 11/01/2012

Rapid Ratings, an independent ratings, research and analytics firm, today announced that Jeffrey Gibb has joined the company as Senior Vice President of Strategic Relations & Head of Legal Operations.

Prohibitions And Restrictions On Proprietary Trading And Certain Interests In, And Relationships With, Hedge Funds - Statement Of CFTC Commissioner Scott D. O'Malia, January 11, 2012

Date 11/01/2012

Introduction

The Commission is considering today a Notice of Proposed Rulemaking ("Proposal") to implement the statutory requirements of Section 619 of the Dodd-Frank Act (the "DFA"), amending the Bank Holding Company Act of 1956, commonly known as the "Volcker Rule". Congress gave us a difficult mandate to separate proprietary trading from legitimate and essential market-making, underwriting and hedging responsibilities. However, establishing a bright line is far easier said than done.