News Centre

TEXPERS Salutes El Paso Firemen And Policemen's Pension Fund For 20-Year Returns

Date 26/04/2017

The Texas Association of Public Employee Retirement Systems (TEXPERS) recognized the El Paso Firemen and Policemen’s Pension Fund for maintaining its ranking as one of the best in Texas in the closely-watched measure of 20-year investment returns.

New York Attorney General Eric T. Schneiderman Announces Arrest And Indictment Of Wall Street Financier Charged With Defrauding Multiple Victims And Stealing $800,000 - Anthony Nyame, CEO Of General Capital Corporation, Allegedly Stole Deposits From Clients Intended For Loans, Including $375,000 From A Bronx Church

Date 26/04/2017

Attorney General Eric T. Schneiderman announced today felony charges against Anthony Nyame, 59, of the Bronx, for allegedly stealing $800,000 from multiple victims by fraudulently inducing them to believe his Wall Street based company, General Capital Corporation, had the ability to secure millions of dollars in loans. If convicted, Nyame faces up to 20 years in prison.

CFTC Swaps Report Update

Date 26/04/2017

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

Statement By New York Financial Services Superintendent Maria T. Vullo Regarding The Lawsuit Filed By The CSBS Challenging The Authority Of The Comptroller Of The Currency To Create A Nonbank Special-Purpose National Bank Charter For “Fintech” Companies

Date 26/04/2017

“The New York State Department of Financial Services strongly supports the action taken today by the Conference of State Banking Supervisors (CSBS) against the Office of the Comptroller of the Currency (OCC). The National Bank Act does not provide the OCC with authority to create a new national bank charter for “fintech” companies.  The proposal threatens to create an entirely new federal regulatory regime, threatening state sovereignty and strong state consumer protection laws, including New York’s usury laws and prohibitions on payday lending.

SIFMA Executive Vice President Randy Snook Remarks - Equity Market Structure Conference

Date 26/04/2017

Good morning. I’m Randy Snook, executive vice president, business policies and practices at SIFMA. Thank you for joining us at the 2017 SIFMA Equity Market Structure Conference. We’re pleased to provide this forum for an in-depth look at the state of U.S. equity market structure.

Deutsche Börse Group Achieved Solid Earnings Growth In Q1/2017 - Net Revenue Increased By 2 Per Cent To €623 Million - Stable Operating Costs Due To Efficiency Gains - Consolidated Net Profit Up By 5 Per Cent - Basic Earnings Per Share At €1.24 - Company Is Very Well Positioned To Benefit From Structural And Cyclical Growth - Earnings Guidance Of 10 To 15 Per Cent For 2017 And 2018 Affirmed - Executive Board Plans Implementation Of €200 Million Share Buyback Programme

Date 26/04/2017

Deutsche Börse AG published its results for the first quarter of 2017 on Wednesday. Net revenue stood at €623.4 million, an increase of 2 per cent year-on-year (Q1/2016: €610.5 million). The increase was largely driven by the very positive developments in the Clearstream segment as well as the growth in fixed income derivatives at Eurex. These trends more than compensated for a subdued performance in the equity and index derivatives business due to lower equity market volatility. At €280.3 million, adjusted operating costs were stable compared to the previous year (Q1/2016: €279.8 million), mainly driven by the continuing improvements in operating efficiency. The adjusted profit for the period attributable to Deutsche Börse AG shareholders (hereinafter referred to as “consolidated net profit”) stood at €232.2 million, rising by 5 per cent year-on-year (Q1/2016: €221.3 million). Basic earnings per share, adjusted for non-recurring effects, amounted to €1.24 (Q1/2016: €1.18). Earnings were adjusted for non-recurring effects of €29.2 million related to operating costs, mainly in connection with mergers, and a gain of €116.6 million resulting from the complete divestiture of the shareholding in BATS Global Markets Inc.

Office Of Financial Research Update - LIBOR Alternatives

Date 26/04/2017

The OFR posted a new website page today, entitled, “LIBOR Alternatives.” LIBOR is an interest rate benchmark used as a reference rate. This reference rate reflects the general cost of large banks’ borrowing that is not backed by collateral. U.S. dollar LIBOR plays a central role in the U.S. financial markets and economy. It is used to set interest rates on financial products such as mortgages and private student loans. The Federal Reserve Board and the Federal Reserve Bank of New York convened the Alternative Reference Rates Committee (ARRC) to identify an alternative to LIBOR. The OFR is a member of ARRC and is collaborating with the Federal Reserve to explore alternative reference rates. The ARRC is considering two potential LIBOR alternatives: a secured repurchase agreement (repo) rate, and the Overnight Bank Funding Rate. The selection of an alternative reference rate is expected in 2017. The OFR is involved in the planning for the alternative reference rate and will play a role in its implementation.

2017 CBOE Risk Management Conference Europe

Date 26/04/2017

• CBOE to Host 6th Annual CBOE RMC Europe
• September 11–13 in Hertfordshire, UK

Canadian Securities Regulators Propose To Ban Advertising, Offering, Selling And Trading In Binary Options

Date 26/04/2017

The Canadian Securities Administrators (CSA) today published for comment National Instrument 91-102 Prohibition of Binary Options. The proposed instrument would prohibit advertising, offering, selling or otherwise trading a binary option to an individual.

SIX Swiss Exchange: SLS With Growing Client Base - Bank Vontobel Starts Trading In SLS, The SIX Swiss Exchange Liquidnet Service, And Joins The Largest Pool Of Buy-Side Block Liquidity In Europe.

Date 26/04/2017

SLS connects participants of SIX Swiss Exchange with a community of over 830 buy-side institutions actively trading more than 3'100 large-, mid- and small-cap stocks across Switzerland as well as Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Portugal, Sweden and the United Kingdom.