News Centre

Artemis.bm: ILS Has Beneficial Impact On Society & Quality Of Life: John Seo, Fermat Capital Management

Date 10/07/2019

Artemis, a news, analysis and data media service, released an on-line article 10 July 2019, titled “ILS has beneficial impact on society & quality of life: John Seo, Fermat Capital Management” and authored by Luke Gallin. The full release from Artemis stated:

Underpinned by innovative catastrophe bond transactions and increased awareness and understanding of sustainable and ethical investing, the insurance-linked securities (ILS) space is more than just a portfolio-enhancing asset class.

Nasdaq Announces End-Of-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date June 28, 2019

Date 10/07/2019

At the end of the settlement date of June 28, 2019, short interest in 2,380 Nasdaq Global Market^SM securities totaled 8,104,486,017 shares compared with 8,008,076,464 shares in 2,373 Global Market issues reported for the prior settlement date of June 14, 2019. The end-of-June short interest represents 4.35 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.17 days for the prior reporting period.

CFTC Videocast Features Chairman Giancarlo Discussing Impact Of Manufactured Credit Events In The Credit Derivatives Markets

Date 10/07/2019

Today’s episode of CFTC Talks videocast (available now) addresses the concerns raised by three senior regulators earlier this summer regarding “opportunistic strategies,” or more commonly known as “manufactured credit events” in the credit derivatives markets.

CFTC Swaps Report Update

Date 10/07/2019

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

SEC Charges Accountant And Friend In $6.2 Million Insider Trading Scheme

Date 10/07/2019

The Securities and Exchange Commission today filed insider trading charges against an accountant and her friend, whom she illegally tipped with confidential information in advance of her company’s quarterly performance announcements in exchange for all-expense paid travel and other expensive gifts.  The alleged insider trading scheme generated profits of more than $6.2 million and was uncovered by the SEC through analysis and technology that it uses to detect suspicious trading activity.

Federal Court Permanently Enjoins Defendants And Orders Them To Pay Penalties And Restitution For Bitcoin Solicitation Fraud, Impersonating A CFTC Investigator, And Sending Forged CFTC Documents

Date 10/07/2019

On June 28, 2019, a Texas federal court ordered two defendants—one using the name Morgan Hunt (Hunt), purportedly of Arlington, Texas (Hunt), and the other using the name Kim Hecroft (Hecroft), purportedly of Baltimore, Maryland (together, Defendants)—to pay nearly $400,000 in civil monetary penalties and restitution in connection with a lawsuit alleging fraud brought by the Commodity Futures Trading Commission (CFTC).

Minutes Of The Federal Open Market Committee, June 18-19, 2019

Date 10/07/2019

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 18-19, 2019. 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.

CFTC Staff Provide Guidance, No-Action Relief For FCM Separate Account Practices

Date 10/07/2019

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) and Division of Clearing and Risk (DCR) today issued a joint DSIO staff advisory interpretation and DCR time limited no-action relief letter related to the treatment of separate accounts by futures commission merchants (FCMs).  This advisory and no-action relief letter address CFTC Regulation 1.56 and its prohibition on limited recourse and FCM margining practices for customers with more than one futures account.

Municipal CUSIP Request Volume Increases For Sixth Straight Month - Volume For Corporate And International Asset Classes Largely Flat In June

Date 10/07/2019

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for June 2019. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a sixth consecutive increase in requests for new municipal debt identifiers, while other major asset classes were flat in June.

CFTC Commissioner Behnam Announces The Establishment Of The Market Risk Advisory Committee’s Climate-Related Market Risk Subcommittee And Seeks Nominations For Membership

Date 10/07/2019

Commodity Futures Trading Commission (CFTC or Commission) Commissioner Rostin Behnam announced today that the Commission has voted to establish the Climate-Related Market Risk Subcommittee (Subcommittee) under the CFTC’s Market Risk Advisory Committee (MRAC).  Commissioner Behnam, sponsor of the MRAC, is seeking nominations for membership on the Subcommittee through a formal request in the Federal Register.  The deadline for submissions is September 9, 2019.