FTSE Mondo Visione Exchanges Index:

News Centre

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues No-Action Relief Regarding Introducing Brokers’ Compliance With Certain Financial Reporting And Capital Computation Requirements

Date 23/12/2013

The U.S. Commodity Futures Trading Commission’s (Commission) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a no-action letter that provides relief for certain Introducing Brokers (IBs) registered with the Commission from certain financial reporting and capital computation requirements. Part of the no-action relief is time-limited to newly registered IBs for the fiscal years ending on or before December 31, 2013.
CFTC’s Division Of Market Oversight Provides Conditional No-Action Relief From Limitations On Execution Methods For Required Transactions That Involve Basis Risk Mitigation Services Provided By A SEF

Date 23/12/2013

The U.S. Commodity Futures Trading Commission’s (CFTC or Commission) Division of Market Oversight (DMO) today announced the issuance of a no-action letter providing swap execution facilities (SEFs) relief, under certain conditions, in connection with a SEF’s provision of certain “basis risk mitigation services,” i.e., a service that manages the basis risk from reference price quarterly re-pricing timing mismatches on swaps. DMO notes that the Commission previously determined that entities providing “risk mitigation services” must register as SEFs because they meet the definition of a SEF in Section 1a(50) of the Commodity Exchange Act (CEA).
CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues No-Action Relief Regarding Swaps Entered Into By Persons Registered As Floor Traders

Date 23/12/2013

The U.S. Commodity Futures Trading Commission’s (Commission) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a no-action letter that provides relief from certain conditions of the swap dealer exclusion for registered floor traders. Specifically, the no-action letter provides relief from the aggregation requirement of Commission Regulation 1.3(ggg)(4)(i) and certain conditions under Regulation 1.3(ggg)(6)(iv) that, if met, permit a floor trader, and/or the affiliate of a floor trader, to exclude swaps from the aggregate gross notional amount of swap transactions for purposes of the determining whether such person meets the swap dealer definition.
CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues Advisory Concerning Commodity Trading Advisors And Swaps

Date 23/12/2013

The U.S. Commodity Futures Trading Commission’s (CFTC or Commission) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an advisory that provides guidance regarding requirements imposed on commodity trading advisors (CTAs) resulting from the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
DTCC Automates Instruction Messaging For Corporte Actions Processing - DTCC Begins Testing ISO 20022 Inbound Instruction Messages

Date 23/12/2013

Adding greater accuracy and efficiency to Corporate Actions processing for its clients, The Depository Trust & Clearing Corporation (DTCC) announced today that it received its first inbound electronic message using ISO 20022, the global industry standard for financial messaging. This first automated instruction message was received from Interactive Brokers through DTCC’s Depository Trust Company (DTC) subsidiary.

Federal Reserve Board Seeks Comment On Proposed Amendments To Regulation A Regarding Emergency Lending Authority

Date 23/12/2013

The Federal Reserve Board on Monday invited public comment on proposed amendments to Regulation A (Extensions of Credit by Federal Reserve Banks) to implement section 1101 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1101 amended the Federal Reserve's emergency lending authority in section 13(3) of the Federal Reserve Act.
Direct Edge Trading Notice #13-52: Market Holiday Reminder - New Year's Day

Date 23/12/2013

In observance of New Year's Day, EDGA Exchange^SM (EDGA^®) and EDGX Exchange^SM (EDGX^®) will be closed on Wednesday, January 1, 2014. Both exchanges will resume normal trading hours on Thursday, January 2, 2014.
SIFMA Market Close Recommendations For The New Year’s Day Holiday In The US, The UK And Japan

Date 23/12/2013

In observance of the New Year’s Day Holiday, SIFMA made holiday recommendations in U.S., U.K., and Japan.
Thomson Reuters/University Of Michigan: Confidence Improves

Date 23/12/2013

Consumer confidence rebounded among households with incomes less than $75,000 in December; higher income households reported the same sized gains inthe November survey. By mid December, no additional gains were reported by either group. While the end of the government shutdown did ease concerns about the economy, it did not generate any more confidence in the government’s economic policies. Most of the gain reflected more favorable buying plans due to renewed discounting as well as more favorable short-term prospects for the economy. Buying attitudes toward homes, vehicles, and household durable goods all improved in December. Personal finances, the most critical factor that shapes consumer spending, did slightly improve in December, although largely due to rising values of homes and stock holdings among those in the top third of the income distribution.
FINRA Solicits Comment On Comprehensive Automated Risk Data System (CARDS) Proposal

Date 23/12/2013

The Financial Industry Regulatory Authority (FINRA) issued a Regulatory Notice soliciting comment regarding an innovative proposal called Comprehensive Automated Risk Data System (CARDS). CARDS will involve account reporting requirements that would allow FINRA to collect, on a standardized, automated and regular basis, account information, as well as account activity and security identification information that a firm maintains as part of its books and records.