News Centre

CME Group Statement On Court Approval To Transfer MF Global Accounts

Date 03/11/2011

Throughout this week, CME Group has worked diligently with the CFTC and the MF Global bankruptcy trustee to facilitate the transfer of MF Global customer positions to other qualified clearing members. We are pleased to share that the bankruptcy court has approved our proposal to transfer accounts to qualified firms along with a portion of CME Clearing-held collateral. We will continue to facilitate the transfer of positions and accounts of customers and affiliates of MF Global, and will also continue to assist the efforts of the CFTC and bankruptcy trustee to recover customer segregated funds held by MF Global.

Federal Reserve Issues Federal Open Market Committee Statement

Date 02/11/2011

Information received since the Federal Open Market Committee met in September indicates that economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary factors that had weighed on growth earlier in the year. Nonetheless, recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated. Household spending has increased at a somewhat faster pace in recent months. Business investment in equipment and software has continued to expand, but investment in nonresidential structures is still weak, and the housing sector remains depressed. Inflation appears to have moderated since earlier in the year as prices of energy and some commodities have declined from their peaks. Longer-term inflation expectations have remained stable.

IMF Work Program Focuses On Effective Crisis Response, Lending Toolkit, And Sharper Surveillance

Date 02/11/2011

the Executive Board of the International Monetary Fund (IMF) considered the IMF's bi-annual work program through April 2012. The work program reflects the imperative to prioritize and focus on supporting an effective crisis response and underscores that, as the global economy and financial system evolve, the Fund is adapting to meet the needs of its members.

Citihub And TIBCO Detonate Low Latency Benchmarks Using Hardcore Computer Technology

Date 02/11/2011

Citihub Limited yesterday announced that it has exceeded previously published benchmarks for inter process communications (IPC) by 34% using TIBCO FTL™ and Hardcore Computer’s liquid cooled Detonator™. The test measured IPC latency and averaged 237 nanoseconds with 4.2 million messages per second, which is significant for black box and high performance e-trading.

Report To The Secretary Of The U.S. Treasury From The Treasury Borrowing Advisory Committee Of The Securities Industry And Financial Markets Association

Date 02/11/2011

Dear Mr. Secretary:

Since the Committee last met in August, economic activity indicators have firmed and real GDP in the third quarter expanded at a 2.5% annual rate, a noticeable acceleration from the 0.8% growth rate experienced in the first half of the year. Real final sales reached a 3.6% growth pace in the third quarter, an even greater acceleration from its modest 0.8% growth pace in the first half. Economic activity has received support recently from a rebound in motor vehicle production and an easing in energy prices. Early indications suggest the economy continues to expand at a reasonable pace in the fourth quarter. Despite some progress recently, the ongoing debt crisis in Europe remains a downside risk to domestic economic activity. As was the case at the last meeting, the outlook for fiscal policy remains considerably uncertain, and expectations regarding budget deliberations continue to shape the outlook for next year.

Standard & Poor's Announces Changes In The S&P/TSX SmallCap Index

Date 02/11/2011

Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:

Shareholders of Open Range Energy Corp. (TSX:ONR) approved on November 1, 2011, the Plan of Arrangement whereby the company will spin out its modular fracturing fluid tank rental business to shareholders. For every share of Open Range held, shareholders will receive 0.8839 shares of a new company named Poseidon Concepts Corp. Poseidon Concepts will trade on TSX for the first time (the ex-date of the spin-off) on November 4, 2011, under the ticker symbol "PSN" and CUSIP number 73731R 10 3. The spun out shares of Poseidon Concepts will be added at zero price to the S&P/TSX SmallCap and Equity SmallCap Indices after the close of trading on Thursday, November 3, 2011. Effective after the close of Friday, November 4, 2011, the shares of Poseidon Concepts will be removed from the same two indices.

SIFMA Opposes Latest Financial Transaction Tax Legislation

Date 02/11/2011

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy in response to legislation introduced by Senator Tom Harkin and Representative Peter DeFazio to impose a tax on trades of stocks, bonds and derivatives contracts.

Federal Court Orders Charlotte, NC, Couple And Their Companies To Pay $24 Million For Defrauding Customers In Foreign Currency Ponzi Scheme

Date 02/11/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced it obtained a federal court supplemental consent order requiring defendantsSidney S. Hanson, Charlotte M. Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC, to pay $24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme (see CFTC Press Release 5689-09, August 7, 2009).

CBOE Futures Exchange October Volume Up 88% Versus Year Ago - VIX Futures ADV Was 42,760 Contracts For The Month - Year-To-Date Volume At CFE Surpasses 10-Million-Contract Mark

Date 02/11/2011

The CBOE Futures Exchange, LLC (CFE) today announced that October 2011 total trading volume and average daily volume (ADV) rose 88 percent versus a year ago.  Trading volume in futures on the CBOE Volatility Index (VIX) remained active as 42,760 contracts traded per day during the month.  For the year, total trading volume at CFE surpassed the 10-million-contract mark during October. 

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The November 1-2 FOMC Meeting

Date 02/11/2011

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached table and charts summarizing the economic projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the November 1-2 meeting of the Committee.