News Centre

TMX Group Top 20 Largest - Consolidated Short Position Report – Highlights - July 15, 2012

Date 18/07/2012

Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending July 15, 2012.

Financial Stability Oversight Council Makes First Designations In Effort To Protect Against Future Financial Crises - Action Names Eight Financial Market Utilities as Systemically Important, Subjects Firms to Heightened Risk Management Standards - Council Submits Second Annual Report to Congress

Date 18/07/2012

The Financial Stability Oversight Council (the Council) today voted unanimously to designate eight financial market utilities (FMUs) as systemically important under Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act). This action, the first designations made by the Council, represents another key step towards creating a safer, more resilient financial system. The authority to designate FMUs—often referred to as the “plumbing of the financial system” for their role in clearing and settling transactions between financial institutions—is an important component of Wall Street Reform and is one of a number of tools now available to constrain risk and help protect against future financial crises.

The Egyptian Exchange Chooses ULLINK Technology To Establish Its FIX HUB And Facilitate Local And International Order Flow

Date 18/07/2012

ULLINK, global provider of connectivity and trading solutions for the financial community, announced today that the Egyptian Exchange (EGX) has chosen ULLINK’s UL NET solution to facilitate the expansion locally and internationally to drive more order flow to EGX.

Remarks By U.S. Treasury Secretary Tim Geithner At The Financial Stability Oversight Council (FSOC) Meeting

Date 18/07/2012

I would like to call the Financial Stability Oversight Council meeting back to order.

The Council meets today two years after enactment of the strongest financial reforms in generations.  

As we approach the anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act this Saturday, it is worth remembering why these reforms are so important.

SEC Charges Mizuho Securities USA With Misleading Investors By Obtaining False Credit Ratings For CDO

Date 18/07/2012

The Securities and Exchange Commission today charged the U.S. investment banking subsidiary of Japan-based Mizuho Financial Group and three former employees with misleading investors in a collateralized debt obligation (CDO) by using “dummy assets” to inflate the deal’s credit ratings. The SEC also charged the firm that served as the deal’s collateral manager and the person who was its portfolio manager.

CFTC Orders LMC Asset Management, Inc. To Pay $140,000 Civil Penalty For Forex Registration Violations

Date 18/07/2012

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order settling charges that LMC Asset Management, Inc. (LMC) of Deerfield Beach, Fla., exercised discretionary trading authority over customers’ accounts in retail, leveraged foreign currency (forex) transactions, without being registered with the CFTC as a Commodity Trading Advisor (CTA).

DTCC Welcomes Trading On NYSE Liffe U.S. In Futures Contracts Based On The DTCC GCF Repo Index - DTCC GCF Repo Index Offers A Broad, Accurate Benchmark For Short-Term Interest Rates By Measuring Real Trades

Date 18/07/2012

The Depository Trust & Clearing Corporation (DTCC) welcomes the trading in futures contracts linked to its proprietary index, the DTCC GCF Repo IndexTM. The futures products began trading Monday, July 16 on NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext. Two-day volumes across US Treasury GCF Repo futures, MBS Repo futures and Agency GCF futures reached over 6,000 contracts traded. The DTCC GCF Repo Index brings greater liquidity and operational efficiency to the U.S. financing markets by allowing traders to hedge their interest rate exposure using the index as a benchmark which is linked to general collateral finance repurchase agreements (GCF Repos®).

Statement Before The Financial Stability Oversight Council - CFTC Chairman Gary Gensler

Date 18/07/2012

Good afternoon. With this week's anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), it is critical that we remember why President Obama and Congress came together to pass this historic law.

MGEX Announces Exchange Fee Incentives For New AJC Contract

Date 18/07/2012

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announced the following exchange fees for the new Apple Juice Concentrate (AJC) futures and options contracts.

Federal Court In Missouri Orders Randall L. Stuckey And His Business Entities To Pay A $250,000 Penalty To Settle CFTC Forex Futures Fraud Action - In Related Criminal Action, Stuckey Sentenced To 36 Months Imprisonment

Date 18/07/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 11, 2012, Judge Carol E. Jackson of the U.S. District Court for the Eastern District of Missouri entered a judgment imposing a $250,000 civil monetary penalty against defendants Randall L. Stuckey and his Missouri-based business entities, Stuckey Group, L.P., Stuckey Group II, L.P. and Oakwood Development Company, L.P. The order also imposes permanent trading and registration bans against the defendants. The order stems from a CFTC complaint filed on February 18, 2011, that charged the defendants with operating an illegal off-exchange foreign currency (forex) scheme (see CFTC Press Release 5990-11, February 22, 2011).