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CBOE Futures Exchange Reports February 2016 Trading Volume - VIX Posts Monthly ADV Of 204,609 Contracts - 4.1 Million VIX Futures Contracts Traded - VIX Futures ADV Up 23% From February 2015

Date 01/03/2016

CBOE Futures Exchange, LLC (CFE®) today reported that February average daily volume (ADV) was up 23 percent from February 2015, but down 25 percent from January 2016. Exchangewide total volume also rose in February compared with a year ago, up 29 percent compared with February 2015, but down 21 percent from January 2016.

New York State Department Of Financial Services: Industrial Bank Of Korea Agrees To Strengthen Anti-Money Laundering Compliance And Controls At Bank’s New York Branch

Date 01/03/2016

The New York State Department of Financial Services (DFS) today announced that the Industrial Bank of Korea (IBK) has entered into a Written Agreement with DFS and the Federal Reserve Bank of New York to strengthen compliance with Bank Secrecy Act/anti-money laundering (BSA/AML) requirements, as well as the regulations issued by the Office of Foreign Assets Control (OFAC) at the bank’s New York Branch.

Bank Director Announces Expansion And Best Of FinXTech Award Winners At Nasdaq MarketSite

Date 01/03/2016

Bank Director, the leading information resource for the directors and officers of financial institutions in the United States, hosted its annual FinTech Day at the Nasdaq MarketSite in Times Square on March 1.  The company hosted bank leaders, fintech executives, investors and analysts interested in exploring emerging trends and challenges facing both industries as they grow and scale their businesses.

ISE Holdings Reports Business Activity For February 2016

Date 01/03/2016

• ISE and ISE Gemini combined to represent 17.4% of equity options market share, excluding dividend trades.
• ISE and ISE Gemini reported a combined ADV of 2.6 million contracts.
• ISE Mercury launched on February 16 and completed its initial rollout in two weeks.
• Dividend trades made up 0.1% of industry volume in February 2016.

Funds Transfer Pricing: US Interagency Guidance

Date 01/03/2016

Summary

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are jointly issuing the “Interagency Guidance on Funds Transfer Pricing Related to Funding and Contingent Liquidity Risks.” This interagency guidance addresses funding risk and contingent liquidity risk for national banks and federal savings associations with consolidated assets of $250 billion or more (collectively, firms).

OneChicago Announces Trading Volume For February 2016 - Year To Date Volume Up 19% Compared To 2015

Date 01/03/2016

OneChicago, LLC (OCX), a securities finance exchange, today announced its February 2016 volume of 790,085, a decrease of 6% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.   

CBOE Holdings Reports February 2016 Trading Volume - Total ADV Of 4.6 Million Contracts, Unchanged From February 2015 - Index Options ADV Of 1.7 Million Contracts, Up 26% From Year Ago

Date 01/03/2016

CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that total trading volume in February for options contracts on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE®) was 92.9 million contracts, an increase of 5 percent from February 2015 and a decrease of 10 percent from January 2016. 

Intercontinental Exchange To Acquire Standard & Poor’s Securities Evaluations, Inc. And Credit Market Analysis From McGraw Hill Financial

Date 01/03/2016

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges, clearing houses and data services, announced today that it has entered into a definitive agreement to acquire Standard & Poor’s Securities Evaluations, Inc. (SPSE), a leading provider of fixed income evaluated pricing, and Credit Market Analysis (CMA), a leading provider of independent data for the over-the-counter (OTC) markets, two assets under the S&P Global Market Intelligence business unit, from McGraw Hill Financial (NYSE: MHFI). When completed, the acquisition will enable ICE to offer customers new data and valuation services. Under the terms of the agreement, ICE can elect to satisfy its payment of the purchase price due at the close of the transaction in either cash or shares of ICE’s common stock. All other terms of the agreement were not disclosed. The transaction is subject to regulatory approvals.

Xignite Named ‘Best Cloud Solution’ For 2016 Wall Street Letter Institutional Trading Awards - Award Recognizes Important Role Fintech Companies Are Playing In The Institutional Marketplace

Date 01/03/2016

Xignite, the leading provider of cloud-based financial market data, announced today that itsMarket Data Cloud platform has been named ‘Best Cloud Solution’ for the 2016 Wall Street Letter Institutional Trading awards.

ISE Announces Appointment Of Robert Cornish As Chief Information Officer And Thomas Reina As Chief Technology Officer

Date 01/03/2016

The International Securities Exchange (ISE) today announced that its Chief Technology Officer (CTO) Robert Cornish will assume the position of Chief Information Officer (CIO) upon the retirement of current CIO Daniel Friel, effective April 1, 2016. Thomas Reina, currently in the position of Senior Vice President, Technology Development, will become CTO. The technology management team has been planning for over six months to ensure a seamless transition following Mr. Friel’s announcement of his retirement plans last fall.