News Centre

Federal Court Orders Moroccan National And Former Citigroup Trader Otmane El Rhazi To Pay Over $1.49 Million For Unlawful Trading And Misappropriation From A Citibank, N.A. Proprietary Account

Date 08/08/2011

The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court default judgment order requiring Otmane El Rhazi to pay over $1.49 million in restitution and a civil monetary penalty for unlawful trading, misappropriation, and fraud. El Rhazi is a Moroccan national and a former futures and options trader and Vice President for Citigroup Global Markets Limited in the U.K.

Mercado a Termino de Buenos Aires Launches The “MATba Foundation”

Date 08/08/2011

Last week MATba - Mercado a Termino de Buenos Aires - launched the MATba Foundation, whose objective is the investigation, development and training in the use of the derivatives markets.

Hellenic Capital Market Commission: Notice Of Prohibition Of Short Selling

Date 08/08/2011

The Board of Directors of the Hellenic Capital Market Commission (HCMC) decided today to temporarily ban short selling of shares and units of Exchange Traded Funds (ETFs) listed in the Athens Exchange irrespective of the venue where the transaction is executed (regulated markets, Multilateral Trading Facilities or over the counter).   The ban includes covered short sales and sales which are settled with subsequent intraday purchases. This Decision shall take effect from 9 August 2011 and shall remain in force up to and including 7 October 2011.

NYSE Technologies Announces Major Enhancements To SuperFeed - Adding More Global Exchange Feeds And Enhancing Services For Super-Fast Global Data Delivery

Date 08/08/2011

NYSE Technologies, the commercial technology division of NYSE Euronext (NYX), today announced significant enhancements to its super-low latency real-time market data solution, SuperFeed™. Market participants will now have seamless access to new direct data feed content and value-added services from from NYSE Global Indices, Nasdaq OMX BX, Nasdaq OMX PSX, BATS, Athens Stock Exchange, Johannesburg Stock Exchange, and Cyprus Stock Exchange with the NYSE Technologies proven performance and reliability.

ICE Announces Launch Of 21 New OTC Emissions Contracts

Date 08/08/2011

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 21 new OTC North American emissions contracts. All of the new forward contracts will be available for the trade date of Monday, August 29, 2011, and options will be available Monday, September 19, 2011.

OCC Statement Regarding The S&P Rating Change On OCC Counterparty Risk

Date 08/08/2011

Standard & Poor’s has continued its lockstep approach of linking the ratings of a number of financial institutions and instruments to its rating of U.S. sovereign debt. Following the downgrade of U.S. sovereign debt to AA+ on Friday, S&P has now downgraded OCC, The Depository Trust Co. (DTC), National Securities Clearing Corp. (NSCC), and Fixed Income Clearing Corp. (FICC) to AA+ today.

DTCC Media Statement On S&P Credit Rating Revision On Clearing Subsidiaries - Strength Of Company And Effectiveness In Protecting Financial Markets Remain Unchanged

Date 08/08/2011

The Depository Trust & Clearing Corporation (DTCC) today issued the following statement in response to the decision by Standard & Poor’s (S&P) to downgrade S&P’s AAA rating on three of DTCC’s clearing subsidiaries, National Securities Clearing Corporation (NSCC), The Depository Trust Company (DTC) and Fixed Income Clearing Corporation (FICC):

DTCC remains confident in its effectiveness as the leading infrastructure and central counterparty for the cash equities and fixed income markets. The fundamental strengths of our company are the same today as they were prior to this recent revision in the S&P AAA ratings we’ve consistently earned for these three clearing subsidiaries.

Emerging Markets Stock Exchange M&A Activity To Accelerate – PwC Report

Date 08/08/2011

The emerging markets will drive the next wave of transformational change and deal-making in the exchanges sector. This is according to a new report by PwC, ‘Trading blocs – what next for the stock exchanges?’. The report suggests the most viable growth options for Western exchanges are to focus on developing post-trade clearing and settlement capabilities or fostering ties with emerging market players. 

CME Group Announces New Heads For Equity And Interest Rate Businesses

Date 08/08/2011

CME Group, the world's leading and most diverse derivatives marketplace, today announced additions to its product leadership team.

Options Industry Sets New Daily Volume Record With 39,530,495 Contracts Traded On Friday, August 5, 2011

Date 08/08/2011

OCC announced that a new daily options trading volume record was set on Friday, August 5, 2011 when 39,530,495 contracts were traded. This is 9.41 percent higher than the previous record of 36,132,133 contracts set on August 4, 2011.