News Centre

CFTC Orders Merrill Lynch To Pay $1.2 Million Fine For Supervision Failures - Firm’s Supervisory Failures Over Fee Processing Led To Client Overcharges At Times

Date 27/08/2014

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch) for failing to diligently supervise its officers’, employees’, and agents’ processing of futures exchange and clearing fees charged to its customers from at least January 1, 2010 through April 2013. Merrill Lynch is a CFTC-registered Futures Commission Merchant and approved swap firm located in New York, New York.

SEC Announces Pilot Plan to Assess Stock Market Tick Size Impact for Smaller Companies

Date 27/08/2014

The Securities and Exchange Commission today announced that the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) filed a proposal to establish a national market system plan to implement a targeted 12-month pilot program that will widen minimum quoting and trading increments (tick sizes) for certain stocks with smaller capitalization.  The Commission plans to use the pilot program to assess whether such changes would enhance market quality for smaller capitalization stocks for the benefit of investors and issuers.

Methodology Change To The NASDAQ-100 Index - December Modification To Fully Reflect Market Cap Of N-100 Companies

Date 27/08/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced changes to the methodology of the NASDAQ-100 Index® (Nasdaq:NDX).

Federal Reserve Board: Minutes Of The Board's Discount Rates Meetings From July 14 And July 28, 2014

Date 26/08/2014

The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for July 14 and July 28, 2014.

NASDAQ Announces Mid-Month Open Short Interest Positions In NASDAQ Stocks As Of Settlement Date August 15, 2014

Date 26/08/2014

At the end of the settlement date of August 15, 2014, short interest in 2,237 NASDAQ Global MarketSM securities totaled 8,021,392,824 shares compared with 8,235,627,809 shares in 2,227 Global Market issues reported for the prior settlement date of July 31, 2014. The Mid-August short interest represents 4.44 days average daily NASDAQ Global Market share volume for the reporting period, compared with 4.94 days for the prior reporting period.

Federal Energy Regulatory Commission Closed On Labor Day

Date 26/08/2014

FERC will be closed Monday, September 1, 2014 in observance of Labor Day.

MIAX Options Exchange - September 1, 2014 Fee Changes - Market Maker Volume Tiers, Transaction Fees & Priority Customer Rebate Program Incentives

Date 26/08/2014

 The MIAX Options Exchange has filed for immediate effectiveness of two filings to amend the MIAX Options Fee Schedule beginning September 1, 2014 as follows:

1. Amend the MIAX Market Maker sliding scale to change the volume threshold calculations from aggregate numbers to percentages of total national Market Maker volume
2. Increase the transaction fees for MIAX Market Makers, Public Customers that are not a Priority Customer, Non-MIAX Market Makers, Non-Member Broker-Dealers, and Firms by $0.02 per contract
3. Provide for additional incentives for achieving certain Priority Customer Rebate Program volume tiers
4. Adopt transaction fees for market participants in non-Penny Pilot options classes
5. Provide for additional incentives for achieving certain Priority Customer Rebate Program volume tiers for non-Penny Pilot options classes

STOXX Changes Composition Of Benchmark Indices - Results Of The Third Regular Quarterly Review To Be Effective On Sept. 22, 2014

Date 26/08/2014

STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced the new composition of the STOXX Benchmark and their sub- and sector indices, among them the STOXX Europe 600 Index, STOXX North America 600 Index and STOXX Asia/Pacific 600 Index.

The Mexican Stock Exchange ("BMV") Joins The Sustainable Stock Exchanges (SSE) Initiative

Date 26/08/2014

BMV Group has announced its adhesion as a Partner Exchange to the Sustainable Stock Exchanges (SSE) Initiative. The initiative is the learning platform to explore how stock exchanges can work together with investors, regulators and companies to improve corporate transparency and eventually performance in Environmental, Social and Governance (ESG) issues in order to foster responsible and long-term investment approaches.

SEC Charges Investor Relations Firm Executive With Insider Trading Ahead Of News Announcements By Clients

Date 26/08/2014

The Securities and Exchange Commission today charged a director of market intelligence at a Manhattan-based investor relations firm with insider trading ahead of impending news announcements by more than a dozen clients.  The charges were filed against Michael Anthony Dupre Lucarelli, who garnered nearly $1 million in illicit profits.