News Centre

SIFMA: Co-plaintiff Statement On Court Ruling To Uphold Labor Department's Fiduciary Rule

Date 09/02/2017

The U.S. Chamber of Commerce, Financial Services Institute, Financial Services Roundtable, Insured Retirement Institute, and Securities Industry and Financial Markets Association (Co-plaintiffs) issued the following statement in response to today's ruling on their lawsuit against the Department of Labor's fiduciary rule:  

"We continue to believe that the Department of Labor exceeded its authority, and we will pursue all of our available options to see that this rule is rescinded.  While we have long supported a best interest standard, this is a misguided rule that will harm retirement savers and financial services firms that provide needed assistance and options to their clients, including modest savers and small business employees.  The President's recent directive to the Department, reflecting well-founded, ongoing and significant concerns about the rule, is a welcome development." 

CME Group Increases Dividend By 10 Percent

Date 08/02/2017

CME Group Inc., the world's leading and most diverse derivatives marketplace, today declared a first-quarter dividend of $0.66 per share, a 10 percent increase from the prior rate of $0.60 per share.  The dividend is payable March 27, 2017, to shareholders of record as of March 10, 2017. 

IHS Markit And Pirum Systems To Provide SFTR Reporting Solution

Date 08/02/2017

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that it has partnered with Pirum Systems, the global leader in connectivity and post- trade automation for the securities finance industry, to build a full service Securities Finance Transaction Regulation (SFTR) reporting solution.

CFTC Swaps Report Update

Date 08/02/2017

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

FINRA Dispute Resolution Issues Status Report On Arbitration Task Force Recommendations - Action Taken On 35 Of 51 Recommendations To Date

Date 08/02/2017

The Financial Industry Regulatory Authority (FINRA) today released a status report on the recommendations made in the FINRA Dispute Resolution Task Force’s Final Report issued in December 2015. In July 2014, FINRA had formed a 13-member task force composed of individuals representing a broad range of interests in securities dispute resolution to consider possible enhancements to its arbitration and mediation forum. FINRA released an interim status report in October 2016 and today’s report sets forth further progress made to date. FINRA has discussed all of the task force recommendations with the National Arbitration and Mediation Committee (NAMC). FINRA has taken action on 35 of the 51 recommendations; 16 are pending.

SEC Announces Agenda For February 15 Meeting Of The Advisory Committee On Small And Emerging Companies

Date 08/02/2017

The Securities and Exchange Commission today announced the agenda for the February 15 meeting of its Advisory Committee on Small and Emerging Companies.  The committee will discuss secondary market liquidity for Regulation A companies and reporting companies not listed on an exchange, and explore why more companies may be choosing to stay private.  It also will consider recommendations on corporate board diversity and on the treatment of so-called “finders” that assist companies in capital raising activities.

Eurex: Total Return Futures Notional Value Exceeds One Billion Euro

Date 08/02/2017

Eurex’ Total Return Futures (TRF) demonstrate that they meet client’s needs. Since their launch on Friday, 2 December 2016, over 30,000 contracts have been traded, with a notional value of more than one billion Euro. 

BME Strengthens Its MIFID II Range Of Services

Date 08/02/2017

• It will act as an Approved Publication Arrangement (APA), Authorised Reporting Mechanism (ARM) and will offer a service for Systematic Internalisers
• MiFID II / MiFIR to enter into force in January 2018

Hotspot Expands Global Sales Leadership Team, Promotes Leit, Watras To Europe, Asia Roles Additional Hires Add Extensive FX Experience

Date 08/02/2017

Hotspot, a leading institutional foreign exchange (FX) market owned and operated by Bats Global Markets (Bats: BATS), today announced expansions to its global sales team including the promotions of Benjamin Leit to Head of Sales, Europe, and Jonathan Watras, to Head of Sales, Asia-Pacific.

US Department Of Justice: Three Nigerian Nationals From South Africa Convicted In International Cyber Financial Fraud Scheme

Date 08/02/2017

Three Nigerian nationals, who in July 2015 were extradited from South Africa to the Southern District of Mississippi, were convicted today by a federal jury for their wide-ranging Internet fraud schemes.