News Centre

Study Analyzes Performance Of CBOE S&P 500 (SPX) Options-Selling Indexes

Date 23/02/2016

• Compares Six CBOE Benchmarks – BXM, PUT, BFLY, BXMD, CMBO, CNDR − with Traditional Stock and Bond Indexes
• Includes Benchmark Indexes that Incorporate Iron Condor and Iron Butterfly Strategies

Opening Statement Of CFTC Commissioner J. Christopher Giancarlo Before The CFTC Technology Advisory Committee Meeting

Date 23/02/2016

I thank Chairman Massad for convening today’s meeting of the Technology Advisory Committee (TAC or Committee) that last met over twenty months ago. It is important that we reestablish this Committee to build upon the crucial work of the previous TAC. In fact, two of today’s topics – automated trading and swaps data reporting – were extensively discussed at previous TAC meetings.

ESM Raises Total Of €4 Billion In Two Bond Maturities

Date 23/02/2016

The European Stability Mechanism (ESM) today issued a new 10-year €3 billion benchmark bond and tapped its existing December 2055 bond for €1 billion in a dual-tranche transaction that raised a total of €4 billion.

Statement Of CFTC Commissioner Bowen Before The Technology Advisory Committee Meeting

Date 23/02/2016

Good morning. It’s a pleasure to be here today for a meeting of the reconstituted Technology Advisory Committee. The Committee clearly has its work cut out for it today so I’ll be brief. As I have said before, changing technology is causing a sea change in how our markets operate, and that’s particularly true of the three issues the Committee will be discussing. I have already spoken several times about the remarkable changes being wrought by the rise of algorithmic trading and the positive impact that I believe our proposed Regulation on Automated Trading will have on market stability. However, this regulation is to me only a first cut. If our new rule is failing to address aspects of algorithmic trading that pose systemic risks or pose undue risks to ordinary investors, I am absolutely willing to take additional steps to craft additional, appropriate regulations on this nascent technology. In that regard, I am very much looking forward to the Committee’s thoughts on our proposal, including whether we have over-reached or even under-reached.

Nigerian Stock Exchange National Council Renews CEO’s Contract For A 2nd Five-year Term

Date 23/02/2016

The Nigerian Stock Exchange (“The Exchange” or “NSE”) is pleased to announce that its National Council has approved the renewal of contract of employment for Mr. Oscar N. Onyema, OON for another term of five years as Chief Executive Officer of The Exchange effective immediately. Mr. Onyema has served as the CEO of the Exchange since April 2011 and his initial five years employment contract expires on March 31, 2016.

Opening Statement Of CFTC Chairman Timothy Massad Before The CFTC Technology Advisory Committee Meeting

Date 23/02/2016

Thank you all very much for taking the time to be here today, particularly those of you who have flown in from across the country.

I want to welcome you all to this meeting of the CFTC’s Technology Advisory Committee. For more than 15 years, the Commission has relied on the TAC for guidance on a wide range of technology issues. Since taking office, I have made it a priority to focus on the technological changes taking place in our marketplace, and the TAC has provided an excellent forum to exchange ideas, discuss issues of importance, and engage with a wide array of market participants.

Professor Małgorzata Zaleska Elected Chairperson Of KDPW Supervisory Board

Date 23/02/2016

Professor Małgorzata Zaleska, President of the Warsaw Stock Exchange (GPW), has been elected Chairperson of the Supervisory Board of Krajowy Depozyt Papierów Wartościowych (Central Securities Depository of Poland, KDPW) at the Supervisory Board meeting on 23 February 2016.

Joint Statement On U.S.-EU Negotiations For A Bilateral Agreement On Insurance And Reinsurance Measures

Date 23/02/2016

The United States and the European Union today released the following joint statement on negotiations for a bilateral agreement on insurance and reinsurance measures.  In November 2015, the U.S. Department of the Treasury and the Office of the U.S. Trade Representative (USTR) announced their intention to begin negotiating a covered agreement with the European Union.  A covered agreement is an agreement between the United States and one or more foreign governments, authorities or regulatory entities, regarding prudential measures with respect to insurance or reinsurance.  Under the Federal Insurance Office Act of 2010, the Secretary of the Treasury, through the Federal Insurance Office (FIO), and USTR are authorized to jointly negotiate a covered agreement.

FSB Releases Report On Possible Measures Of Non-Cash Collateral Re-Use

Date 23/02/2016

The Financial Stability Board (FSB) published today its report Possible Measures of Non-Cash 
Collateral Re-Use.

Potential Merger Of Equals Between London Stock Exchange Group Plc ("LSE") And Deutsche Boerse AG ("Deutsche Boerse")

Date 23/02/2016

Further to the recent movement in LSE's share price, the Board of LSE and the Management Board of Deutsche Boerse confirm that they are in detailed discussions about a potential merger of equals of the two businesses (the "Potential Merger" to form the "Combined Group").