News Centre

TSX Long Life Order Type Receives Regulatory Approval

Date 19/08/2015

TMX Group today announced that it has received regulatory approval for its Long Life order type on Toronto Stock Exchange (TSX). The Long Life order type is designed to enhance the quality of execution for natural investors and their dealers by rewarding those willing to commit liquidity to the book for a minimum period of time and by enabling participants to more effectively and confidently participate in the markets without having to compete on speed.

CFTC Issues Proposed Amendments To Swap Data Recordkeeping And Reporting Requirements For Cleared Swaps

Date 19/08/2015

The U.S. Commodity Futures Trading Commission (Commission) today voted to propose amendments to existing regulations in order to provide additional clarity to swap counterparties and registered entities regarding their reporting obligations for cleared swap transactions; and to improve the efficiency of data collection and maintenance associated with the reporting of the swaps involved in a cleared swap transaction. The comment period ends 60 days after the publication in the Federal Register.

ESM Board Of Governors Approves ESM Programme For Greece

Date 19/08/2015

The Board of Governors of the European Stability Mechanism (ESM) approved today the ESM Managing Director’s proposal for a Financial Assistance Facility Agreement (FFA) with Greece. Under the terms of this agreement, which the ESM Board of Directors also approved on Wednesday, the ESM will provide up to €86 billion in financial assistance to Greece over three years. The FFA is the ESM’s loan contract with Greece, which ESM Managing Director Klaus Regling and the Greek Minister of Finance Euclid Tsakalotos will sign.

Statement Of CFTC Commissioner J. Christopher Giancarlo, Notice Of Proposed Rulemaking On Amendments To Swap Data Recordkeeping And Reporting Requirements For Cleared Swaps

Date 19/08/2015

I support the issuance of the proposed rules to amend the cleared swaps data reporting provisions. I have been a consistent supporter of the swap data reporting reforms in the Dodd-Frank Act to provide regulators with increased transparency into the swaps market. Getting the reporting rules right is critical to provide regulators with the information they need to better understand and oversee these highly dynamic markets.

Minutes Of The Federal Open Market Committee, July 28-29, 2015

Date 19/08/2015

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 28-29, 2015.

Statement Of CFTC Commissioner Bowen Regarding Part 45 Cleared Swap Reporting NPRM

Date 19/08/2015

I strongly support this proposed rulemaking because reporting is one of the key pillars of the financial reform mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Act was intended to stabilize our financial system after the 2008 crisis by reducing systemic risk, increasing transparency, and promoting market integrity within the financial system. Having accurate, comprehensive data is essential to meeting all of these goals. Without useful data about our markets, the Commission is unable to fully assess systemic risk and monitor market integrity. Accurate data does not only support financial reform, accurate data is itself a critical part of financial reform.

Dry Bulk Freight Market Recovery May Take Year To Manifest, A Platts Survey Reveals

Date 19/08/2015

The global dry bulk freight market, crippled by oversupply but seeing signs of renewed activity,  is expected to take at least a year to hit the road to recovery, according to the latest Platts survey of shipping market participants.

Statement Of CFTC Chairman Timothy Massad, Notice Of Proposed Rulemaking On Amendments To Swap Data Recordkeeping And Reporting Requirements For Cleared Swaps

Date 19/08/2015

One of the most important requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act is the reporting of data on the swaps market. In 2008 during the global financial crisis, regulators had little information about this market or the exposures of major institutions, but difficult policy choices still had to be made. Today, that has changed. Today, all swap transactions, whether cleared or uncleared, must be reported to swap data repositories (SDRs). The availability of accurate data is allowing the CFTC to move forward with the important work of monitoring the market and understanding its potential risks.

CME Group Announces $50,000 In Scholarships To Illinois State Fair Grand Champions

Date 19/08/2015

CME Group, the world's leading and most diverse derivatives marketplace, has presented one-time scholarships totaling $50,000 to the Illinois State Fair's Grand Champion student exhibitors.  CME Group Executive Chairman and President Terry Duffy presented the surprise scholarships of $5,000 to each student exhibiting Grand Champion livestock at last night's Governor's Auction of Champions and will be used for each student to further their education. 

EBA To Conduct Further Analysis On Net Stable Funding Requirements And Leverage Ratio

Date 19/08/2015