News Centre

MIAX Options Exchange: MIAX Options - Introducing Additional Report Types

Date 13/06/2016

The MIAX Options Exchange is pleased to announce that beginning with the June 2016 billing period, MIAX is introducing the following new reports/transmissions:

• An end-of-month, full-month Traded Against report where Exchange Fee Rate and Exchange Fee Net reflect final Member Firm tier threshold performance and thus final fees and rebate for each trade.
• An end-of-month, full-month Trade and Charge Detail transmission which provides both trade and charge details.

HSBC Entities Settle With British Columbia Securities Commission For Charging Clients Excess Fees

Date 13/06/2016

In a settlement agreement with the British Columbia Securities Commission (BCSC), HSBC Investment Funds (Canada) Inc. (HIFC) and HSBC Private Wealth Services (Canada) Inc. (HPWS) have agreed they charged excess fees in some client accounts.

New York State Department of Financial Services Grants Virtual Currency License To XRP II, LLC, An Affiliate Of Ripple - Four Virtual Currency Firms Have Now Received Approval By DFS To Operate In New York

Date 13/06/2016

Maria T. Vullo, Acting Superintendent of Financial Services, today announced that the New York State Department of Financial Services (DFS) has approved the application of XRP II, LLC, an affiliate of Ripple Labs, Inc., for a virtual currency license.

British Columbia Securities Commission Releases 2016 Annual Compliance Report Card

Date 13/06/2016

The British Columbia Securities Commission (BCSC) today published its 2016 Annual Compliance Report Card. The report card summarizes the compliance strengths and weaknesses found in B.C.-based portfolio managers, investment fund managers, and exempt market dealers over the past year.

Technological Innovation In The Financial Sector - Autorité Des Marchés Financiers Creates Fintech Working Group

Date 13/06/2016

The Autorité des marchés financiers (the “AMF”) has announced the creation of a fintech working group. Its primary mandate is to analyze technological innovations in the financial sector and anticipate regulatory and consumer protection issues.

CFTC Financial Data For Futures Commission Merchants Update

Date 13/06/2016

Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. Selected financial information from these reports is published below. The most recent month-end information generally is added within 12 business days after FCMs and RFEDs file their reports, but occasionally may be added later. For example:  The 17th business day filing “due date" for February 28, 2015 financial reports was March 25, 2015.  The 12 business day target for posting these data was April 10, 2015.

SEC: Muni Advisors Acted Deceptively With California School Districts

Date 13/06/2016

The Securities and Exchange Commission today announced that two California-based municipal advisory firms and their executives have agreed to settle charges that they used deceptive practices when soliciting the business of five California school districts.

International Securities Exchange Surpasses 50 Million Contracts Traded Through Implied Order Functionality

Date 13/06/2016

The International Securities Exchange (ISE) today announced that trading of multi-legged strategy orders through its Implied Order* functionality has exceeded 50 million contracts. ISE’s Implied Order functionality has accounted for approximately 5.6 percent of all non-crossing, multi-legged contract volume executed on ISE year-to-date.

Annual Russell US Index Reconstitution Period Begins With Posting Of Projected Additions & Deletions

Date 13/06/2016

• Breakpoint between US small & large caps down, first time since 2012
• In reversal of fortune, Healthcare sector goes from top to near bottom
• Apple market cap down 27% yet still in top spot by size in Russell 3000
• Russell 3000 Index top 10 dominated by technology stocks

SEC Chair Mary Jo White Statement On FINRA's Appointment Of Robert Cook As CEO

Date 13/06/2016

I want to congratulate FINRA and Robert Cook on his selection as President and Chief Executive Officer. Robert served the Securities and Exchange Commission with great distinction, advancing a wide range of important initiatives that included significant enhancements to U.S. equity market structure. I have no doubt that Robert will be a tremendous leader for FINRA, and I look forward to working with him to further strengthen our markets and protect investors.