FTSE Mondo Visione Exchanges Index:
News Centre
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Statement Of Support Of CFTC Chairman Rostin Behnam Final Rule Regarding Regulations To Address Margin Adequacy And To Account For The Treatment Of Separate Accounts By Futures Commission Merchants
Date 20/12/2024
Since 2019, derivatives clearing organizations (DCOs) and futures commission merchants (FCMs) faithfully relied on guidance and a no-action position issued through CFTC Staff Letter 19-17 [1] to comply with DCO rules. In the several years during which the original letter was issued, DCOs and FCMs invested accordingly in anticipation that the Commission would act diligently and engage the Commission in the process to implement appropriate relief on a permanent basis. I am pleased today that, consistent with my commitment to improving rules and codifying longstanding staff positions through rulemakings that benefit from the engagement and expertise of our entire Commission, the CFTC is issuing a final rule that allocates greater protections and more importantly, provides long awaited certainty.
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It’s Been A Week: Statement On Amendments To Exchange Act Rule 15c3-3, SEC Commissioner Hester M. Peirce
Date 20/12/2024
Rule 15c3-3 plays a key role in advancing the Commission’s investor protection mandate. It requires broker-dealers to safeguard customer assets, which helps to ensure that, should a broker-dealer fail, it can self-liquidate in an orderly manner that protects its customers’ ability to access her assets.[1] A successful self-liquidation permits customers to gain access to their funds much more quickly than possible if they are required to pursue their claims in a liquidation administered by the Securities Investor Protection Corporation.
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Statement On Daily Computation Of Customer And Broker-Dealer Reserve Requirements Under An Amended Broker-Dealer Customer Protection Rule, SEC Commissioner Mark T. Uyeda
Date 20/12/2024
Under the Broker-Dealer Customer Protection Rule, carrying broker-dealers—i.e., those broker-dealers that maintain custody of customer securities and cash—must have a special reserve bank account that holds “qualified securities” and/or cash in an amount determined by a weekly computation. The idea is that if the broker-dealer fails, the securities and cash it holds for customers can be promptly returned. A firm must hold an amount of cash or U.S. Treasury securities in the reserve account equal in value to the net amount of cash owed to customers, which is the amount by which total cash owed to customers (e.g., cash balances in securities accounts) exceeds total amount of cash customers owed to the broker-dealer (such as through margin loans to customers). On July 12, 2023, the Commission proposed to amend this rule to require certain broker-dealers to compute their customer and reserve deposit requirements, and make any required deposits into their reserve accounts on a daily basis rather than a weekly basis.
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SEC Adopts Rule Amendments To The Broker-Dealer Customer Protection Rule
Date 20/12/2024
The Securities and Exchange Commission today adopted amendments to Rule 15c3-3 (the customer protection rule) to require certain broker-dealers to increase the frequency with which they perform computations of the net cash they owe to customers and other broker-dealers (known as PAB account holders) from weekly to daily. The Commission also adopted amendments to Rule 15c3-3 and Rule 15c3-1 (the broker-dealer net capital rule) to permit certain broker-dealers that perform a daily customer reserve computation to decrease the required 3 percent “buffer” in the customer reserve bank account by reducing the customer-related receivables, or “aggregate debit items,” charge from 3 percent to 2 percent in the computation.
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CFTC Commitments Of Traders Reports Update
Date 20/12/2024
The current reports for the week of December 17, 2024 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data.
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Concurring Statement Of CFTC Commissioner Caroline D. Pham On The Separate Accounts Final Rule
Date 20/12/2024
I respectfully concur on the Final Rule on the Regulations to Address Margin Adequacy and to Account for the Treatment of Separate Accounts by Futures Commission Merchants (FCMs) (Separate Accounts Final Rule).
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CFTC Approves Final Rule On Margin Adequacy, Treatment Of Separate Accounts Of A Customer By Futures Commission Merchants
Date 20/12/2024
The Commodity Futures Trading Commission today announced a final rule to implement requirements for futures commission merchants related to margin adequacy and the treatment of separate accounts of a customer. The rule finalizes the Commission’s proposal, published in the Federal Register in March, to codify the no-action position in CFTC staff letter 19-17 regarding separate account treatment.
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MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options, MIAX Emerald Options And MIAX Sapphire Options For Newly Listed Symbols Effective Monday, December 23, 2024
Date 20/12/2024
Please refer to the Regulatory Circulars listed below for newly added symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges. The newly listed symbols will be available for trading beginning Monday, December 23, 2024.
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MIAX Exchange Group - Options Markets - New Listings Effective For December 23, 2024
Date 20/12/2024
The attached option classes will begin trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange, and MIAX Sapphire Options Exchange on Monday, December 23, 2024.
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Nigerian Exchange Weekly Market Report For The Week Ended 20 December 2024
Date 20/12/2024
A total turnover of 2.536 billion shares worth N91.382 billion in 51,406 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.729 billion shares valued at N49.845 billion that exchanged hands last week in 43,298 deals.
