News Centre

"A Conscience Isn't Nonsense" - Statement Of CFTC Commissioner Bart Chilton On UBS Settlement

Date 19/12/2012

Every so often, folks wonder if some in the financial sector believe that having a business conscience is nonsense. Financial sector violations are hurtling toward us like a spaceship moving through the stars. All too often, penalties have been a simple cost of doing business. That needs to change.

MIAX Fee Schedule

Date 19/12/2012

Details are available in the full MIAX Fee Schedule at:http://www.miaxoptions.com/sites/default/files/circular-files/MIAX_RC_2012_012.pdf

Statement On Settlement Order Against UBS, CFTC Chairman Gary Gensler

Date 19/12/2012

Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler today made the following statement on the CFTC’s enforcement action that requires UBS to pay a $700 million penalty for unlawful conduct related to LIBOR:

“Falsely reported LIBOR and other benchmark rates undermine the integrity of markets and shake the public’s trust in our financial system. These rates are at the absolute core of our economy. Banks must not falsely report rates to protect their reputation, or try to manipulate benchmarks to increase trading profits."

New European Regulations Will Put Compliance Pressures On U.S. Alternative Fund Managers To Plan Ahead - Alternative Investment Fund Managers Directive Will Have Significant Impact On Fundraising Activities, Operations And Business Models: KPMG International Survey

Date 19/12/2012

With the compliance deadline for one of the most complex regulatory reform agendas ever introduced into the asset management industry only seven months away, a KPMG International survey of more than 70 alternative investment fund managers reveals that nearly half have not taken any concrete steps to analyze the impact the Alternative Investment Fund Managers Directive (AIFMD) will have on their businesses, or to make changes to their operations.

Knight Capital Group And GETCO Holding Company Agree To Merge - Cash And Stock Transaction Values Knight At Approximately $1.4 Billion - Provides Knight Shareholders With The Opportunity To Receive Cash And Participate In The Future Success Of The Combined Company - Transaction Creates Well-Capitalized, Global Financial Services Firm Providing Market Making And Agency Brokerage For Clients Worldwide - Combined Firm Will Be Publicly Traded

Date 19/12/2012

Knight Capital Group, Inc. (NYSE: KCG, "Knight") and GETCO Holding Company, LLC ("GETCO") today announced they have entered into an agreement for a strategic business combination whereby GETCO and Knight will be combined under a new publicly traded holding company.

iTB To Offer Direct Connectivity To BGC’s eSpeed Platform, Enhancing Its Growing Fixed Income Trading Network - iTBconnect Now Provides Institutional Investors Access To The Largest Pool Of Liquidity For US Treasuries

Date 19/12/2012

iTB Holdings, Inc., a leading software provider for institutional fixed income traders, today announced it has signed an agreement with leading global brokerage company BGC, enabling it to connect directly to BGC’s proprietary US government bond trading platform, eSpeed. The expansion of iTBconnect’s network will offer its institutional clients greater access to the US treasuries marketplace.

BME And AFI Win A Contract From The Algerian Government To Create A Public Debt Market

Date 19/12/2012

The consortium formed by BME and AFI has been awarded a contract by the Algerian government to create an electronic Public Debt platform.

FTSE Publishes New Research Paper - Emerging Markets: Crossing The Rubicon

Date 19/12/2012

The surging growth of many emerging markets is changing the structure of the global economy. The trend is accelerating such that the term ‘emerging’ will increasingly cease to apply to many countries and a shift in categorization will be required.

DTCC’s Mihal Nahari Elected To The Board Of Chile’s Central Securities Depository

Date 19/12/2012

The Depository Trust & Clearing Corporation (DTCC) of the U.S. and The Depósito Central de Valores, S.A. (DCV) of Chile announced today that Mihal Nahari, DTCC’s Managing Director and Chief Compliance Officer, has become a member of the board of The Depósito Central de Valores, S.A. (DCV) of Chile, the country’s central securities depository.

European Commission Adopts Implementing Rules For The Directive On Alternative Investment Fund Managers

Date 19/12/2012

The European Commission has acted to solidly underpin the new rules for Alternative Investment Fund Managers (AIFM) by today adopting a Delegated Regulation supplementing the Directive on Alternative Investment Fund Managers (AIFMD) (see MEMO/10/572).