News Centre

Dalian Commodity Exchange Notice On Newly Listed Contracts

Date 20/04/2012

From April 19, 2012, the 1304 series contracts of coke, linear low density polyethylene, RBD palm oil and PVC can be traded. 

Federal Court Orders $14 Million In Fines And Disgorgement Stemming From CFTC Charges Against Optiver And Others For Manipulation Of NYMEX Crude Oil, Heating Oil, And Gasoline Futures Contracts And Making False Statements - Order Resolves Charges Against Defendants Optiver Holding BV, Two Subsidiaries – Optiver US, LLC And Optiver VOF, And Three Senior Officers, And Includes Trading Limitations

Date 20/04/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained $14 million in civil monetary penalties and disgorgement pursuant to a federal court consent order against defendants Optiver Holding BV, a global proprietary trading company headquartered in the Netherlands, and two subsidiaries – Optiver US, LLC (Optiver), a Chicago-based corporation, and Optiver VOF, a Dutch company, as well as against then company officers who were responsible for the unlawful trading: Randal Meijer, Bastiaan van Kempen, and Christopher Dowson, the only individual defendant who remains employed by Optiver. 

Richard Balarkas To Leave Instinet Europe

Date 19/04/2012

Richard Balarkas, President and CEO, Instinet Europe, is stepping down after four years at the helm of the agency brokerage. 

Letter On Extraterritoriality To US Treasury Secretary Geithner And EU Commissioner For Internal Markets Barnier, From ISDA And Other Associations

Date 19/04/2012

Click here to download a letter on extraterritoriality to US Treasury Secretary Geithner and EU Commissioner for Internal Markets Barnier, from ISDA and other associations.

SIFMA Statement On Guidance From Federal Reserve Regarding The Volcker Rule Conformance Period

Date 19/04/2012

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., EVP, Public Policy and Advocacy at SIFMA, on the guidance released by the Federal Reserve regarding the Volcker Rule conformance period:   

“The clarification of the Volcker Rule conformance period which was issued today is entirely appropriate and necessary.  The industry has been concerned throughout this process over what was to be expected on July 21, 2012, and that concern was heightened as it appears likely that regulators may not be able to promulgate a final rule by that date.  Today’s guidance that firms subject to Volcker will be able to use the full two year conformance period to come into compliance with the rule as provided for by the statute is critically important because it alleviates concerns over potentially having to comply with a rule whose details had not yet been made clear." 

Opening Statement For Title VII Intermediaries Release — April 18, 201 By SEC Commissioner Elisse B. Walter

Date 19/04/2012

Who? What? When? Where? Why? The 5 W’s have guided millions of writers — from  grade school students penning their first essays to career journalists reporting  major events. While I doubt anyone believes that the Federal Register makes for  the same scintillating read as a page one news feature, I think that the 5 W’s  can be a guide for us regulators as well, focusing our task on the questions we  need to answer in our regulations and guidance. This is particularly true for  regulations under Title VII of the Dodd-Frank Act, as we have been tasked with  creating a regulatory regime where none previously existed — a blank page that  we need to fill.

Updated Newsletter of the Athens Exchange ETFs For The First Trimester Of 2012

Date 19/04/2012

Click here to download the first quarter 2012 ATHEX ETF newsletter.

US. Agencies - Volcker Rule Conformance Period Clarified

Date 19/04/2012

The Federal Reserve Board on Thursday announced its approval of a statement clarifying that an entity covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the so-called Volcker Rule, has the full two-year period provided by the statute to fully conform its activities and investments, unless the Board extends the conformance period. Section 619 generally requires banking entities to conform their activities and investments to the prohibitions and restrictions included in the statute on proprietary trading activities and on hedge fund and private equity fund activities and investments.

SEC Names Diane C. Blizzard As Associate Director For Regulatory Policy And Investment Adviser Regulation

Date 19/04/2012

The Securities and Exchange Commission today announced that Diane C. Blizzard has been named Associate Director for Regulatory Policy and Investment Adviser Regulation in the Division of Investment Management. As Associate Director, Ms. Blizzard will supervise two offices that develop recommendations for rulemaking and other policy initiatives under the Investment Company Act and the Investment Advisers Act.

Connie Hedegaard: "First Annual Report On The EU ETS To Focus On Timing Of Auctions"

Date 19/04/2012

At the informal meeting of Environment and Climate ministers in Horsens (Denmark), Commissioner Hedegaard participated in the lunch discussion on the future of the EU Emissions Trading System.