News Centre

Statement Of CFTC Chairman Timothy Massad On The Southwest Power Pool Final Order And The Amended RTO-ISO Order

Date 18/10/2016

I support this order, which comes after careful review of the issue, including comments from many market participants.

SEC Charges Bank Leumi With Conducting Unregistered U.S. Cross-Border Business

Date 18/10/2016

The Securities and Exchange Commission today announced that Israeli-based Bank Leumi has agreed to pay $1.6 million and admit wrongdoing to settle charges that it provided investment advice and induced securities transactions for U.S. customers for more than a decade without registering as an investment adviser or broker-dealer as required under U.S. securities laws.

CFTC Issues Final Order To Exempt Certain Specified Transactions Of Southwest Power Pool And Amendment To The 2013 Final Order Regarding RTOs And ISOs

Date 18/10/2016

The U.S. Commodity Futures Trading Commission (CFTC) today approved a final order in response to a petition from Southwest Power Pool, Inc. (SPP), a Regional Transmission Organization (RTO) regulated by the Federal Energy Regulatory Commission. The Commission agreed unanimously via a seriatim vote.

FINRA Fines Merrill Lynch $2.8 Million For Systemic Reporting, Books And Records, And Related Supervisory Violations

Date 18/10/2016

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner and Smith Inc. $2.8 million for systemic trade reporting, Order Audit Trail System (OATS) reporting, books and records, and related supervisory violations that occurred over a period of several years. 

Statement Of CFTC Commissioner J. Christopher Giancarlo On The Southwest Power Pool Final Order And The Amended RTO-ISO Order

Date 18/10/2016

I support this commonsense decision that it is not in the public interest to allow private lawsuits against electric utilities trading in wholesale energy markets.

CBOE Vest Launches CBOE Vest Defined Distribution Strategy Fund (VDDIX)

Date 18/10/2016

• Fund targets consistent monthly distributions of 5.25% annualized over  one-month Treasury yields before fees and expenses
• Delivers unique returns not correlated to fixed income markets, neutral to equity markets’ performance

CME Group And Duco Announce Launch Of Fee Data Control And Reconciliation Service For CME Member Firms

Date 18/10/2016

CME Group, the world's leading and most diverse derivatives marketplace, and Duco Technologies, a global fintech provider of award-winning data control services, today announced that Duco’s innovative data control and reconciliation services will be available to CME Group member firms starting in January 2017. The launch follows a successful six-month trial period with a limited number of futures commission merchants (FCMs).

BM&FBOVESPA: Understand CVM Instruction 561 Which Establishes Distance Voting For Shareholders

Date 18/10/2016

In April 2015, CVM enacted Instruction 561 which establishes distance voting ballots to allow a larger number of shareholders to take part in public companies’ general meetings.

Thomson Reuters Report Shows Financial Institutions Recognize Benefits Of Adopting A More Strategic Approach To Regulatory Data Management & Compliance - 29 Percent Of Asia-Based Respondents Are Taking A Strategic Approach To Regulatory Data Management, Compared With 18 Percent In Europe And Just 13 Percent In North America

Date 18/10/2016

A Thomson Reuters report reveals that 88 percent of financial institutions will work strategically across regulatory agencies over the next two years. Financial institutions are recognizing the benefits of harmonized approaches to data management, enabling them to leverage data commonalities that exist across multiple global regulations. The major benefit identified by 79 percent of respondents was consistency of data across the business, followed by organizational efficiencies (63 percent), cost savings (50 percent) and a reduction in data sources used (44 percent).

ERIS Adds Live Points On The Yield Curve - Liquidity Providers Now Stream Firm, Tradable 3Y And 4Y Markets In The Central Limit Order Book In Response To End User Demand

Date 18/10/2016

Eris Exchange (Eris), a U.S.-based futures exchange offering cash-settled swap futures as the leading alternative to traditional OTC swaps, began offering live streaming, tradable markets in 3Y and 4Y Eris Standard U.S. Dollar Interest Rate Swap Futures on August 29.  The launch increased the live points on the yield curve from five to seven, enabling new hedging and spread trading opportunities. The new streaming contracts complement previous live markets in 2Y, 5Y, 7Y, 10Y, and 30Y Eris Standards already streaming in Eris SwapBook.