News Centre

Statement By IMF Managing Director Christine Lagarde On U.S. Debt Ceiling Action

Date 17/10/2013

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today:

“The U.S. Congress has taken an important and necessary step by ending the partial shutdown of the federal government and lifting the debt ceiling, which enables the government to continue its operations without disruption for the next few months while budget negotiations continue to unfold."

Statement From US Treasury Secretary Jacob J. Lew

Date 17/10/2013

“We welcome the bipartisan action Congress is taking to resolve this crisis, re-open the government, and lift the cloud of uncertainty hanging over the economy. Over 224 years, the United States has established our credit as the strongest in the world. The United States is the anchor of the international financial system and the world’s reserve currency.  We are the world’s largest economy with the deepest and most liquid financial markets. When risk rises, the flight to safety and to quality brings investors to U.S. markets. Because of today’s efforts, we will continue to honor all of our commitments – a core American value – and preserve the full faith and credit of the United States."

SIFMA Statement On The Debt Agreement

Date 17/10/2013

SIFMA today issued the following statement from former Senator Judd Gregg, CEO of SIFMA, on today's debt agreement: 

"SIFMA is very pleased that the President and Congress have worked together to resolve the threat of the U.S. defaulting on its debt.   A default would have been severely damaging, undermining the economy and throwing the markets into disarray.  Now that an agreement has been reached, the President and Congress should work to resolve the deficit and reduce the debt, as this is the primary cause of our fiscal problems.  The extension of the debt ceiling to February 7th notwithstanding, it is critical that Congress and the Administration resolve their issues and avoid a replay of this crisis this winter by appropriately removing the threat of a voluntary default."

FIF Capacity Statistics For September 2013: One New Record Peak: BATS Options MCASTPITCH AGG

Date 17/10/2013

This month’s bulletin from the Financial Information Forum (FIF) finds that SIAC OPRA was up 20% to 6,082,784 mps over the 1 second interval

September 2013 FIF Market Share And Market Dynamics Reports – Executive Summary

Date 17/10/2013

U.S. Equities Market Share

• Share volumes traded across Tape A, B, and C totaled122.8 billion shares, an increase of 2.1% monthly, but a slight decrease of 0.9% annually.
• In September 2013, off-exchange trading accounted for37.6% of the shares traded in NMS Equity Securities, anincrease of 0.9% compared to last month.
• NYSE-listed securities share volume was 66.3 billion shares, an increase of 2.0% monthly, but a decrease of5.3% annually.
• Share volume in NASDAQ-listed securities was 34.0billion shares, a 6.3% monthly and 3.3% annual increase.

FINRA's Statement On PIABA's Expungement Study

Date 16/10/2013

PIABA's study underlines and emphasizes serious concerns FINRA shares with respect to the expungement process. As a result of these concerns, FINRA recently provided expanded guidance to assist arbitrators in the proper performance of their responsibilities with respect to expungement, and is enhancing arbitrator training with added emphasis on the importance of the integrity of the information in the CRD system.

Intergovernmental Group Of Twenty-Four On International Monetary Affairs And Development Communiqué

Date 16/10/2013

1. We, the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, held our ninetieth meeting in Washington, D.C. on October 10, 2013 with Mr. Fernando Aportela, Deputy Minister of Finance and Public Credit of Mexico in the Chair; Mr. Karim Wissa of Egypt as First Vice-Chair; and Mr. Mohammad Safadi, Minister of Finance of Lebanon as Second Vice-Chair.

Statement Of CFTC Commissioner Scott D. O'Malia Regarding JPMorgan's Use Of Manipulative Device

Date 16/10/2013

I respectfully dissent from the settlement Order with JPMorgan Chase Bank (JPMorgan) resolving charges against JPMorgan for use of a manipulative device with respect to the so called "London Whale" trades in violation of Section 6(c)(1) of the Commodity Exchange Act (CEA) and Regulation 180.1.

Eichorn To Head North American Business Development At ANALEC

Date 16/10/2013

ANALEC North America Inc. today announced that industry veteran Nancy Eichorn has joined the firm to head business development in North America.  The move is the latest in a series of strategic initiatives aimed at strengthening ANALEC’s presence in the North American market.

Concurrence Of CFTC Commissioner Bart Chilton In The Matter Of JPMorgan Chase, N.A. (JPMorgan)

Date 16/10/2013

I concur with this Order. For too long, our manipulation standard under the Commodity Exchange Act has been too high a hurdle.  Here's the proof: we've only successfully litigated one case in the Agency's 38-year history.