News Centre

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

Date 16/06/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, June 16, 2011:

• GASFRAC Energy Services Inc. (TSXVN:GFS) will be removed from the index. The company will graduate to trade on TSX under the same ticker symbol.

ISE Partners With UBS To Launch Two Exchange-Traded Notes (ETNs) On ISE’s New Strategy-Based Futures Indexes - New Products Are First ETNs Based On ISE Indexe

Date 16/06/2011

The International Securities Exchange (ISE) announced today that it has launched two new indexes, the ISE Oil Futures SpreadTMIndex (Ticker: GZN) and the ISE Natural Gas Futures Spread^TM Index (Ticker: GYY). These new indexes track continuous exposure to oil futures prices and natural gas futures prices, respectively, using packaged calendar spread strategies.

ISDA Chairman Stephen O’Connor Testifies Before The House Financial Services Committee

Date 16/06/2011

ISDA Chairman Stephen O’Connor's testimony before the House Financial Services Committee today in a hearing on “Financial Regulatory Reform: The International Context”. 

NYSE Euronext To Extend LCH.Clearnet Clearing Arrangements In Paris

Date 16/06/2011

NYSE Euronext today announced that  LCH.Clearnet has agreed to extend the arrangements under which LCH.Clearnet S.A. provides clearing services to the European Securities and Continental European Derivatives Markets of NYSE Euronext.

SIFMA CEO Testifies On Impact Of Dodd-Frank Regulations On Jobs And U.S. Competitiveness

Date 16/06/2011

In testimony today before the House Financial Services Committee, SIFMA president and CEO Tim Ryan discussed the impact of regulatory reform efforts, highlighting the importance of these efforts while also stressing that “it is equally important that policy makers, market participants, investors and consumers understand the magnitude and collective impact of these actions and their effect on U.S. markets, the economy and the lives of ordinary Americans.” 

TMX Group Hosts 2011 TMX Canadian Trading Conference

Date 16/06/2011

On Thursday, June 23, 2011, TMX Group will host the 2011 TMX Canadian Trading Conference.  The conference will feature TMX Group CEO Tom Kloet, who will discuss the proposed merger with London Stock Exchange Group in a session hosted by Thomas Caldwell, Chairman & CEO of Caldwell Securities Inc. 

SIFMA Statement On SEC Guidance On Swap Market Rules

Date 16/06/2011

SIFMA today issued the following statement from Ken Bentsen, Executive Vice President, following the announcement by the U.S. Securities and Exchange Commission of guidance as to which of the Dodd-Frank Title VII provisions will apply to security-based swap transactions as of July 16, the effective date of Title VII, and granted temporary relief to market participants from compliance with certain of those requirements:

“SIFMA welcomes the SEC’s guidance clarifying which of the Title VII requirements of the Dodd-Frank Act will apply as of the July 16th effective date of Title VII.  The guidance appropriately defers substantially all of Title VII's requirements applicable to security-based swaps and provides temporary relief from most new Exchange Act requirements. SIFMA also looks forward to the additional guidance addressing issues related to securities-based swaps being defined as securities, which is expected next week.  The Dodd-Frank Act creates an entire new legal framework and entails a complex rulemaking agenda.  We encourage and appreciate the efforts of regulators to get it right and to ensure markets are not disrupted while this important rulemaking proceeds.”

Program Trading Averaged 29.0 Percent Of NYSE Volume During June 6-10

Date 16/06/2011

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for June 6-10.

FIA And ISDA Publish Documentation For Cleared Swaps

Date 16/06/2011

The Futures Industry Association and the International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of the FIA-ISDA Cleared Derivatives Execution Agreement as a template that can be used by participants in the cleared swaps markets in negotiating execution-related agreements with counterparties to over-the-counter derivatives that are intended to be cleared.

FTSE Group Announces The Acquisition Of The Industry Classification Benchmark (ICB)

Date 16/06/2011

FTSE has today acquired full ownership of ICB, the global standard for sector classification, buying out Dow Jones Indexes’ 50% interest in the joint product initiative. The acquisition underlines FTSE’s commitment to developing ICB alongside a robust range of benchmark solutions and decision support tools for global investors.