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  • Statement On Support Of The Dodd-Frank Rulemaking Of CFTC Chairman Gary Gensler

    Date 26/01/2011

    Statements for the record on each rule: I support the proposed joint rulemaking with the Securities and Exchange Commission (SEC) that requires reporting by investment advisers to private funds that are also registered as commodity pool operators (CPOs) or commodity trading advisors (CTAs) with the CFTC. I also support the CFTC’s proposed amendment to compliance obligations of CPOs and CTAs. The joint rule requires private fund investment advisers with assets under management totaling more than $150 million to provide the SEC with financial and other trading information. Private fund investment advisers with assets under management totaling more than $1 billion would be subject to heightened reporting requirements. I support the CFTC rule that would bring similar reporting to CPOs and CTAs with assets under management greater than $150 million that are not otherwise jointly regulated. This is to ensure that similar entities in the asset management arena are regulated consistently. Lastly, the proposal repeals certain exemptions issued under Part 4 of the Commission’s regulations so the Commission will have a more complete picture of the activity of operators of and advisors to pooled investment vehicles in the commodities marketplace.

  • Speech By SEC Commissioner: Statement At Open Meeting To Adopt A Final Rule Regarding Shareholder Approval Of Executive Compensation And Golden Parachute Compensation

    Date 26/01/2011

    Thank you, Chairman Schapiro. I join my colleagues in thanking the staff — particularly those from the Division of Corporation Finance — for your efforts on this rulemaking.

  • BM&FBOVESPA Announces The Opening Of The Bidding Process For The Selection Of A Manager For The ISE And The IGCT ETFs - Interested Financial Entities Must Submit Their Proposals By No Later than March 2

    Date 26/01/2011

    BM&FBOVESPA hereby announces the opening of the bidding process for the selection of a securities portfolio manager that will obtain an exclusive license for the use of the Corporate Sustainability Index (ISE) and the Corporate Governance Trade Index (IGCT) as references for the respective launches of the ISE ETF and IGCT ETF (Exchange Traded Funds), whose shares will be traded on the Bovespa market segment.

  • Speech By SEC Commissioner: Statement At Open Meeting To Propose Rules Regarding Net Worth Standard For Accredited Investors

    Date 26/01/2011

    Thank you, Chairman Schapiro. Before us is a recommendation concerning the definition of “accredited investor.” The recommendation proposes amending the accredited investor definition to exclude the value of a person’s primary residence when calculating net worth. The proposal goes toward implementing Section 413(a) of the Dodd-Frank Act.

  • R.J. O’Brien Expands Metals Division With Appointment Of David Maynard

    Date 26/01/2011

    R.J. O’Brien & Associates (RJO), the largest independent futures brokerage firm in the United States, today announced the expansion of its global Metals division with the appointment of David Maynard as Vice President, Global Metals Group. Maynard reports to Janet Mirasola, Managing Director, Metals, who joined the firm‘s New York office last February. Mirasola is widely known for her sophisticated daily analysis of the global metals markets that has attracted a loyal following.