News Centre

ISE Statement On OPRA Market Data Issue

Date 30/10/2013

The International Securities Exchange (ISE) experienced a technical issue that led to a disruption in its outbound market data feed to OPRA commencing at the market open through approximately 10:55 am. The root cause has been identified as a configuration error on the OPRA side that they applied specifically to the communication lines dedicated to receiving data from ISE and ISE Gemini. After implementing a temporary work-around to resolve the issue this morning, ISE and OPRA technology teams are collaborating to restore the proper configuration.

Dissenting Statement Of CFTC Commissioner Scott D. O’Malia, Enhancing Protections Afforded Customers And Customer Funds Held By Futures Commission Merchants And Derivatives Clearing Organizations

Date 30/10/2013

I respectfully dissent from the Commission’s approval today of the final Customer Protection Rules.

I supported the proposed rules because I wanted to solicit public comment and engage market participants in an open discussion about how the Commission should improve its customer protection regulatory oversight.

Federal Reserve Issues FOMC Statement

Date 30/10/2013

Information received since the Federal Open Market Committee met in September generally suggests that economic activity has continued to expand at a moderate pace. Indicators of labor market conditions have shown some further improvement, but the unemployment rate remains elevated. Available data suggest that household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months. Fiscal policy is restraining economic growth. Apart from fluctuations due to changes in energy prices, inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.

Chairman Gary Gensler Statements Of Support - Enhancing Protections Afforded Customers And Customer Funds Held By Futures Commission Merchants And Derivatives Clearing Organizations

Date 30/10/2013

I support the final rule enhancing the protection of customer funds when entering into uncleared swap transactions. Today’s final rule fulfills Congress’ mandate that counterparties of swap dealers be given a choice regarding whether or not they get the protections that come from segregation of monies and collateral they post as initial margin. These are important customer protections for counterparties as they enter into customized swaps with swap dealers.

IOSCO Urges Implementation Of Principles For Financial Benchmarks

Date 30/10/2013

The International Organization of Securities Commissions published today a public communique entitledImplementation of the Principles for Financial Benchmarks, in which it encourages administrators to take all the necessary measures to comply with the IOSCO Principles for Financial Benchmarks.

Opening Statement, CFTC Commissioner Scott D. O’Malia, Open Meeting On Rules Enhancing Protections Afforded Customers And Customer Funds Held By Futures Commission Merchants And Derivatives Clearing Organizations

Date 30/10/2013

Mr. Chairman,

I would like to thank staff for their hard work on the customer protection rules. I appreciate the hard work of the staff of DSIO, DCR and OGC who have contributed to this rulemaking.

Efficient Capital - Beat The Benchmark? Not So Fast!

Date 30/10/2013

When investing in managed futures, how easy is it to beat the benchmark? Everyinvestment is judged on how well it does not only on an absolute basis, but also rela- tive to a benchmark. In addition to generating profits, the goal of any investmentis to beat the benchmark. If you beat the benchmark, whether by luck or skill, you will be viewed as a genius and will be compensated accordingly. If you deviate from a benchmark and fail to add value, you will look foolish and be exposed to significant career risk. As investment professionals, we live with this reality on a daily basis. It is the nature of the game and we accept it. We would all like to think that we can beat our benchmarks. We work hard to create investment processes, follow rules and take calculated risks - all with the purpose of achieving that goal. When the work is done and we see favorable results, we start to believe that outperformance of the bench-mark is indeed easy.

Qatar Exchanges Becomes Full Member In World Federation Of Exchanges - Al-Mansoori: We Are Happy To Be Part Of An Organization That Represents Markets Worldwide That Are Fair, Transparent, And Well Regulated

Date 30/10/2013

In a new recognition of the progress achieved by Qatar Exchange at various technical, regulatory and operational levels, Qatar Exchange today obtained full membership in the World Federation of Exchanges (WFE) after it had been a Correspondent Member for many years.

ISE And NASDAQ OMX Announce Intention To Bring Dual ISE/US Market Access To Irish Companies

Date 30/10/2013

At the Web Summit today, the Irish Stock Exchange (ISE) and NASDAQ OMX (NASDAQ:NDAQ) announced their intention to bring dual ISE/US market access to Irish companies enabling them to raise capital more easily on both sides of the Atlantic.

Cantor Fitzgerald And LCH.Clearnet Launch First Centrally Cleared OTC CFD In Europe - Investor Protection Improved With Centrally Cleared CFD Launched In Partnership With Commerzbank, ING And Citi

Date 30/10/2013

Cantor Fitzgerald Europe (‘Cantor’) and LCH.Clearnet Limited (‘LCH.Clearnet’) announced today that they have launched Europe’s first centrally cleared OTC Contract for Difference (‘CFD’) in partnership with Commerzbank Corporate & Markets, ING and Citi. The initiative is in response to client demand for a reduction in risk to CFD providers, and is in line with regulators’ stated aim of increasing the proportion of cleared OTC contracts.