News Centre

October 2012 FIF Market Share And Market Dynamics Reports – Executive Summary

Date 13/11/2012

U.S. Equities Market Share

• Share volumes traded across Tape A, B, and C increased 3% monthly and decreased 30% annually to 128 billion shares (see chart).
• In October 2012, off-exchange trading accounted for 33% of the shares traded in NMS Equity Securities.
• Share volumes in NYSE-listed securities increased 3% monthly and decreased 29% annually to 72 billion shares.
• NASDAQ-listed securities share volume increased 8% monthly and decreased 17% annually to 35 billion shares.

New York Attorney General Schneiderman Obtains $210 Million Settlement With IVY Asset Management In Connection With Madoff Ponzi Scheme - Defrauded Madoff Investors To Recoup Nearly All Of Their Investments - Schneiderman: This Settlement Is A Victory For Justice & Accountability For Many Victims Of Madoff’s Ponzi Scheme

Date 13/11/2012

Attorney General Eric T. Schneiderman today announced a settlement of over $210 million with the Ivy Asset Management, LLC, a Bank of New York Mellon subsidiary that advised clients to invest with Bernard Madoff. The settlement concludes lawsuits against Ivy by the Attorney General, the United States Department of Labor, and private plaintiffs, and provides for the payment of $210 million by the firm and approximately $9 million by other defendants. When added to future amounts Madoff investors anticipate receiving from the Madoff bankruptcy proceeding, today's settlement is expected to return all or nearly all the original investment to those defrauded by the Ponzi scheme in this case.

SIFMA Executive Vice President Ken Bentsen Remarks At SIFMA-IIAC Canada-US Securities Summit

Date 13/11/2012

Good morning. I’m Ken Bentsen, Executive Vice President for Public Policy and Advocacy at SIFMA. Along with our colleagues at the Investment Industry Association of Canada, I want to welcome you to today’s Canada-US Securities Summit.   

A Better Regulatory Path: Applying Good Government To Dodd-Frank Implementation - CFTC Commissioner Scott D. O’Malia Before Mercatus Center, George Mason University

Date 13/11/2012

Jim, thanks for that kind introduction.

I am happy to be here and pleased to see the Mercatus Center, as it often does, putting the spotlight today on an issue that is near and dear to my heart: how government regulation affects the real world. That’s right: government regulation has real-world consequences. What a revolutionary concept. You may take this concept for granted, but too often government regulators fail to understand, or take into account, the effect that regulations will have on markets and market participants. And this problem has been especially true in the past two plus years, as government agencies have rushed to promulgate rules under the Dodd-Frank Act. As you know, we at the CFTC have been in the trenches of Dodd-Frank implementation. I would like to take this opportunity now to provide you with some of my thoughts on this implementation process.

NYSE Euronext Announces Trading Volumes For October 2012 - October 2012 Volumes Impacted By Market Closure In U.S. - Continued Low Level of Volatility - #1 U.S. Equity Options Platform With Record 29% Market Share - NYSE Amex Record Of 18%

Date 13/11/2012

NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for October 2012.   The industry decision to close the U.S. markets for two trading days due to Hurricane Sandy resulted in a 9% decrease in the number of trading days in October 2012 for NYSE Euronext’s U.S. cash equity and equity options markets.  The closure of these markets also impacted trading on NYSE Euronext’s European derivatives and European cash trading venues, which remained open.  European derivatives and European cash average daily trading volumes declined 44% and 41%, respectively, during the closure of the U.S. markets with some residual impact after the markets reopened.  October 2011 trading volumes benefited from higher levels of market volatility driven by the sovereign debt crisis in Europe and the debt ceiling issue in the U.S.   

IPO Indicator Points To Improved Sentiment On Primary Market - Deutsche Börse Publishes Forecast For Q4 2012

Date 13/11/2012

Deutsche Börse published the IPO sentiment indicator forecasting issue activity for the 4th quarter of 2012 on Tuesday. The IPO climate, which reflects sentiment among market participants, has improved considerably, climbing from 29.9 to 32.8 points quarter-on-quarter. This is primarily due to lower volatility, higher prices for DAX shares and a slight increase in underpricing.

Tehran Stock Exchange Bulletin - October 2012

Date 13/11/2012

Click here to download Tehran Stock Exchange's bulletin for October 2012.

DTCC Files Motion To Support CFTC Rules

Date 13/11/2012

The Depository Trust & Clearing Corporation’s (DTCC) subsidiary, DTCC Data Repository (U.S) LLC (DDR), today announced it has filed a motion for leave to intervene in the case brought by the Chicago Mercantile Exchange Inc. (CME) against the Commodity Futures Trading Commission (CFTC). The documents were filed on Nov. 12, 2012, in the U.S. District Court in Washington, D.C.

Thomson Reuters Launches New Equity And Fixed Income Index Solution For Asset Servicing Industry - Northern Trust Is First Asset Servicing Provider To Offer The New Solution To Institutional Fund Clients For Benchmarking Purposes

Date 13/11/2012

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the launch of a new benchmarking solution to help asset servicing providers (custodian banks) with investment decision-making and measurement of performance. The Thomson Reuters equity and fixed income benchmarks will provide custodian banks with performance measurement analytics that are cost effective and highly correlated with other major global market indices. Northern Trust is the first asset servicing provider to adopt the Thomson Reuters indices as benchmarking solutions for its institutional fund servicing clients.

Öhman Capital Chooses Scila Compliance

Date 13/11/2012

Öhman Capital meets the increased regulatory pressure by implementing Scila Compliance from the leader in trading surveillance technology, Scila. Following the company’s success in the trading venue market, Scila now enters the compliance space with its recently developed software, Scila Compliance.