News Centre

SEC Announces Agenda, Panelists For Staff Roundtable On Emerging Markets

Date 01/07/2020

The Securities and Exchange Commission today announced the agenda and panelists for the July 9, 2020 staff roundtable on investing in emerging markets, including China.  Further information, including prior statements and actions in this area, are available here.

U.S. Seeks To Recover Approximately $96 Million Traceable To Funds Allegedly Misappropriated From Malaysian Sovereign Wealth Fund

Date 01/07/2020

The Justice Department announced today the filing of civil forfeiture complaints seeking the forfeiture and recovery of approximately $96 million in assets allegedly associated with an international conspiracy to launder funds misappropriated from 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund.  Combined with earlier civil forfeiture complaints filed begining in July 2016, the United States has sought the forfeiture of more than $1.8 billion in assets traceable to funds embezzled from 1MDB.  To date, as a result of these actions, the United States has recovered or assisted Malaysia in recovering nearly $1.1 billion in assets associated with the 1MDB international money laundering and bribery scheme.  This case represents the largest action brought under the department’s Kleptocracy Asset Recovery Iniative as well as the largest civil forfeiture action in the Justice Department’s history.

US Federal Agencies Provide Largest Firms With Information For Next Resolution Plans

Date 01/07/2020

The Federal Deposit Insurance Corporation and the Federal Reserve Board today provided information to the eight largest and most complex domestic banking organizations that will guide their next resolution plans, which are due by July 1, 2021.

CFTC Swaps Report Update

Date 01/07/2020

CFTC's Weekly Swaps Report has been updated, and is now available.

BOX Exchange Fee Change – July 2020

Date 01/07/2020

BOX Exchange LLC (“BOX” or “Exchange”) is including long stock strategies to the BOX Fee Schedule. 1 A long stock interest strategy is defined as a transaction done to achieve long stock involving the purchase, sale, and exercise of in-the-money options of the same class.

SIFMA Statement On LOCAL Infrastructure Act

Date 01/07/2020

SIFMA today issued the following statement from SIFMA president and CEO Kenneth E. Bentsen, Jr. on the LOCAL Infrastructure Act:

“SIFMA commends SIFMA commends Senators Roger Wicker (R-MS), Debbie Stabenow (D-MI), Michael Bennet (D-CO), Shelley Moore Capito (R-W.Va.), John Barrasso (R-WY), Bob Menendez (D-NJ), Jerry Moran (R-KS), and Tom Carper (D-DE) on their commitment to infrastructure investment, seen today with the introduction of the Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act.  This bipartisan, timely legislation reinstates advance refunding, which is a critical tool to help state and local governments lower their interest costs to more easily finance their infrastructure needs, such as schools, roads, and hospitals.  Infrastructure spending is essential, and this legislation is particularly welcome now, when state and local governments are facing unprecedented expenses due to the COVID-19 pandemic.”

BOX Exchange Update - Permanent Penny Program Issues

Date 01/07/2020

BOX Exchange (“BOX”) recently distributed RC-2020-21 detailing the implementation of BOX’s Penny Interval Program (the “Program”).

TMX Group Markets Closed Today, July 1, 2020

Date 01/07/2020

The Exchange's markets are closed today, July 1, 2020.

Minutes Of The Federal Open Market Committee, June 9-10, 2020

Date 01/07/2020

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 9–10, 2020. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.

OCC June 2020 Total Volume Up Nearly 81 Percent From A Year Ago

Date 01/07/2020

OCC, the world’s largest equity derivatives clearing organization, announced today that June 2020 total cleared contract volume was 693,042,180 contracts, the U.S. equity options industry’s highest month ever – up 80.7 percent from June 2019 volume and beating the previous record of 670,646,998 cleared contracts set in March 2020 by 3.34 percent. Three trading days in June landed within the top five trading days on record, with Friday, June 11 clearing 48,039,191 contracts – the second highest cleared contract volume day in OCC’s history.