News Centre

Japan's Financial Services Agency Publishes Newsletter No.100

Date 20/12/2011

Attijariwafa Bank Launches Investment Banking Platform In Dubai International Financial Centre

Date 20/12/2011

Attijariwafa bank Middle East Limited, the subsidiary of Attijariwafa bank Group, has been granted a Category 4 License to operate from the Dubai International Financial Centre (DIFC) as a Dubai Financial Services Authority (DFSA) authorized and regulated entity.

BATS Exchange Unveils Innovative Market Maker Program - Competitive Liquidity Provider Program Designed To Incentivize Active Market Making For BATS-Listed Issuers

Date 19/12/2011

BATS Global Markets, a global operator of stock and options markets, today announced it has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to establish an innovative Competitive Liquidity Provider (CLP) program designed exclusively for its new U.S. primary listings business.

Slide Presentation (PDF): Remarks Before The 2011 AICPA National Conference On Current SEC And PCAOB Developments, Washington, D.C.

Date 19/12/2011

FIF Capacity Statistics For November 2011 - Eight New Record Peaks: BATS Europe PITCH, NASDAQ Level 2, BATS BYX PITCH, BATS BYX TOP, Direct Edge EDGX, Direct Edge EDGA, NASDAQ UQDF, SIAC CQS.

Date 19/12/2011

This month’s bulletin from the Financial Information Forum (FIF) finds that BATS EUROPE PITCH was up a record 126% to 128,742 mps over the 1 second interval.

SwapClear Enhancements Drive Additional USD 32.7 Billion Of IRS Client Clearing

Date 19/12/2011

LCH.Clearnet Limited (LCH.Clearnet), the world’s leading independent clearinghouse, today announced that SwapClear, its interest rate swap (IRS) clearing service, saw a rise in notional volume of USD 32.7 billion for buy-side client clearing over the last two weeks. This brings the total buy-side notional volume outstanding to USD 257billion. The increased volumes follow recent service enhancements and demonstrate the market’s appetite for robust clearing solutions.

SEC Charges Longtime Madoff Employee With Falsifying Documents To Deceive Regulators

Date 19/12/2011

The Securities and Exchange Commission today charged a longtime Bernie Madoff employee with falsifying books and records in order to hide Madoff’s fraudulent investment advisory operations from regulators.

INTL FCStone In Negotiations To Acquire TRX Futures Limited

Date 19/12/2011

INTL FCStone Inc. (Nasdaq:INTL) today announced that its United Kingdom subsidiary, INTL Holding (UK) Limited, has entered into a memorandum of understanding with Neumann Gruppe GmbH to acquire its subsidiary TRX Futures Limited ("TRX"), subject to contract and to the approval of the Financial Services Authority in the United Kingdom. INTL Holding (UK) Limited is also the UK holding company of INTL FCStone (Europe) Limited, a member of the London Metal Exchange and London Clearing House.

Slide Presentation (PDF): Remarks Before The 2011 AICPA National Conference On Current SEC And PCAOB Developments, Washington, D.C.

Date 19/12/2011

Click here to download a presentation on "International Reporting Issues" by Craig Olinger and Jill Davis at the National Conference on Current SEC & PCAOB Developments, December 7, 2011.

CFTC Issues Final Order Amending The Effective Date For Swap Regulation

Date 19/12/2011

The Commodity Futures Trading Commission (CFTC) today issued a Final Order regarding the effective date for swap regulation. On July 14, 2011, the CFTC granted temporary exemptive relief from certain provisions of the Commodity Exchange Act that otherwise would have taken effect on July 16, 2011, the general effective date of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. On October 25, 2011, the CFTC proposed to extend the exemptive relief beyond the December 31, 2011, expiration date. Today’s Final Order addresses the comments received on the October 25, 2011, Notice of Proposed Amendment, and extends the potential latest expiration date of the exemptive relief to July 16, 2012.