News Centre

Change to MIAX Options PRIME Timer Effective June 16, 2017

Date 15/06/2017

MIAX Options will reduce the PRIME Request for Responses (RFR) timer from 500 milliseconds to 100 milliseconds effective at the start of trading on Friday, June 16, 2017.

OTC Markets Files SEC Comment Letter Opposing CAT Fee Schedule: "The CAT Plan Operating Committee Abused Its Discretion"

Date 15/06/2017

OTC Markets Group, operator of the over-the-counter (OTC) equity markets OTCQX, OTCQB and Pink, has submitted a comment letter to the SEC opposing the proposed fee schedule for the Consolidated Audit Trail (CAT), which sets the fees participants and other industry organizations must pay to fund the CAT NMS Plan: https://www.sec.gov/comments/sr-finra-2017-011/finra2017011-1801717-153703.pdf  

SEC: Keith Cassidy Named Associate Director Of Technology Controls Program In OCIE

Date 15/06/2017

The Securities and Exchange Commission today announced that Keith E. Cassidy has been named Associate Director, Technology Controls Program, in the Office of Compliance Inspections and Examinations (OCIE).  Mr. Cassidy began his career at the SEC as an Attorney Advisor in the Office of Legislative and Intergovernmental Affairs in 2010 before being promoted to Deputy Director in 2011 and Director of the office in 2016. 

IMF Managing Director Christine Lagarde To Propose Approval In Principle Of New Stand-By Arrangement For Greece

Date 15/06/2017

• Approval in Principle (AIP) would allow the IMF to be supportive of the progress made on policies, while release of resources under the IMF arrangement would be conditional upon Greece’s European creditors providing commitments for debt relief sufficient to secure debt sustainability.
• AIP supports the IMF’s long-held principle that any new program with Greece should be predicated on the “two legs” of policy reforms combined with debt relief.
• The IMF’s Executive Board will need to determine the specific modalities of AIP.

Ontario Securities Commission Publishes Report On Exempt Market Activity

Date 15/06/2017

The Ontario Securities Commission (OSC) today published OSC Staff Notice 45-715 2017 Ontario Exempt Market Report, which provides a snapshot of the current state of Ontario’s exempt market and a preliminary assessment of recent regulatory reforms.

The Updated Coefficients For Moscow Exchange Indices To Come Into Force

Date 15/06/2017

The following coefficients for Moscow Exchange indices come into force from June 16, 2017:

ISDA Financial Benchmarks Symposium, Scott O'Malia, Chief Executive, ISDA, June 15, 2017 - Opening Remarks

Date 15/06/2017

Good morning, and welcome to ISDA’s benchmark symposium.

This event comes at an opportune time. Next week, the Alternative Reference Rates Committee, or ARRC – a US public-private sector working group led by the Federal Reserve Bank of New York – will announce its choice for a risk-free rate that could be used as an alternative to US dollar LIBOR for certain transactions in future. With similar groups in the UK and Japan already settling on their choice of risk-free rate, attention will start to focus more and more on market transitions to these alternative rates.

US Department Of Justice: Former Swiss Banker Pleads Guilty To Money Laundering Charge In Connection With Soccer Bribery Scheme

Date 15/06/2017

Earlier today, a private banker formerly employed by several Swiss banks pleaded guilty in Brooklyn, New York, to a criminal information charging him with participating in a money laundering conspiracy in connection with the distribution and receipt of millions of dollars of bribes paid to high-ranking soccer officials.

ISDA Americas Credit Derivatives Determinations Committee:GenOn Energy, Inc. Bankruptcy Credit Event

Date 15/06/2017

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a bankruptcy credit event occurred in respect of GenOn Energy, Inc.

CME Group Announces Record Volume And Open Interest On June 14

Date 15/06/2017

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached an all-time open interest record of 129 million contracts on June 14, 2017, surpassing the previous open interest record of 125.7 million contracts reached on May 11, 2017. June 14 also represented the highest-volume trading day in 2017 to date at 29.8 million contracts.