News Centre

Tokyo Commodity Exchange Final Settlement Price Of Crude Oil For October 2011 Contract

Date 01/11/2011

Final settlement price of Middle East Crude Oil for October 2011 contract is 50,310 yen.

Maple Group Formally Extends Offer For TMX Group

Date 01/11/2011

This press release is issued pursuant to United States securities laws.  Further to the pressrelease dated October 30, 2011 announcing that TMX Group Inc. and Maple Group Acquisition Corporation (Maple) haveentered into a support agreement in respect of Maple’s proposed acquisition of all of the outstanding TMX Group shares pursuant to an integrated two-step transaction valued at approximately $3.8 billion, Maple announced today that it has formally extended its offer until 5:00 p.m. (Toronto time) on January 31, 2012.

CFTC-SEC Statement On MF Global

Date 01/11/2011

The Commodity Futures Trading Commission and Securities and Exchange Commission today made the following joint statement:

“For several days, the SEC, CFTC and other regulators had been closely monitoring developments affecting MF Global, Inc., a jointly registered futures commission merchant and broker-dealer, in anticipation of a transaction that would include the transfer of customer accounts to another firm. Early this morning, MF Global informed the regulators that the transaction had not been agreed to and reported possible deficiencies in customer futures segregated accounts held at the firm. The SEC and CFTC have determined that a SIPC-led bankruptcy proceeding would be the safest and most prudent course of action to protect customer accounts and assets. SIPC announced today that it is initiating the liquidation of MF Global under the Securities Investor Protection Act (SIPA).”

IMF Executive Board Reviews Surveillance: Making IMF Surveillance As Interconnected As The Global Economy

Date 31/10/2011

On October 24, 2011, the Executive Board of the International Monetary Fund (IMF) concluded a comprehensive review of the IMF's surveillance activities.

Report On U.S. Portfolio Holdings Of Foreign Securities At End-Year 2010

Date 31/10/2011

The findings from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2010 were released today and posted on the Treasury web site at link.

Janice Eberly Assistant Secretary For Economic Policy U.S. Department Of The Treasury - Statement For The Treasury Borrowing Advisory Committee Of The Securities Industry And Financial Markets Association

Date 31/10/2011

The pace of expansion accelerated during the summer as the temporary factors that weighed on growth in the first half of the year largely faded. According to the advance report released last week, the economy grew by 2.5 percent at an annual rate in the third quarter, the ninth straight quarter of growth since the recession ended in mid-2009. Real GDP surpassed the prerecession peak recorded in the fourth quarter of 2007. Despite the pickup in growth, job growth moderated, and the unemployment rate remained unacceptably high at 9.1 percent. Private sector forecasters expect the pace of growth to strengthen gradually going forward, but the unemployment rate is not projected to decline meaningfully over the next year. The Administration recently proposed a number of initiatives in the American Jobs Act that will foster job creation and stronger near-term growth. The longer-term fiscal situation remains a serious concern, however, and in mid September the President proposed a balanced and comprehensive deficit reduction plan that will put the nation’s finances on a fiscally sustainable path.

ISDA Statement On CDS Credit Event Process

Date 31/10/2011

The International Swaps and Derivatives Association, Inc. (ISDA) today issued the following statement in order to ensure an accurate understanding of how credit events are determined for credit default swaps contracts. Today’s statement is intended to underscore key points articulated in the Greek Sovereign Debt Q&A, updated on October 31, which discussed this issue with regards to the Eurozone proposal for Greek debt.  Some media accounts of the information contained in the Q&A inaccurately described the credit event process.

London Metal Exchange: MF Global UK Limited

Date 31/10/2011

1. MF Global UK Limited (“MF Global”) has today been declared by LCH.Clearnet Limited (LCH) a defaulter under the Default Rules of LCH.
2. Such a declaration constitutes an “Event of Default” in relation to MF Global pursuant to Regulation 1.7 of the Default Regulations of the Exchange (the “Default Regulations”).
3. Accordingly, the Exchange hereby determines, pursuant to Regulation 2.2 of the Default Regulations, MF Global to be a Defaulter.
4. MF Global has been suspended from LMEselect and the Ring with immediate effect.

Prominent Economist And Two Former Sec Commissioners Join Liquidnet’s Board Of Directors - New Appointments Bring Significant Global Regulatory & Economic Expertise As Liquidnet’s Growth Continues

Date 31/10/2011

Liquidnet, the global institutional trading network, announced today the appointment of three prominent industry leaders to its Board of Directors.  They are Lawrence S. Bacow, an economist, attorney and former President of Tufts University, Roel Campos, a former Commissioner of the Securities and Exchange Commission (SEC), and Lady Barbara Thomas Judge, an international banker and lawyer who has served in regulatory roles in both the UK and the US, including as a former SEC Commissioner.

TMX Enters Support Agreement With Maple

Date 31/10/2011

Last night, TMX Group and Maple Group Acquisition Corporation announced that we have executed a support agreement in respect of Maple's offer to acquire TMX Group. A press release with full details is available.