News Centre

CFTC Approves Proposed Rule To Improve Data Quality And Streamline Regulations For Swap Data Repositories

Date 25/04/2019

The Commodity Futures Trading Commission (CFTC) today approved a proposed rule to improve the quality of swap data and to update and streamline regulations related to swap data repository (SDR) operations and governance. The proposed rule is the first rulemaking that is part of the Roadmap to Achieve High Quality Swaps Data, a comprehensive review of swap reporting regulations that the CFTC’s Division of Market Oversight announced in July 2017.

FINRA Orders Buckman, Buckman & Reid To Pay Approximately $205,000 In Restitution To Customers For Supervisory Failures Involving Excessive And Unsuitable Trading - Firm Owner Sanctioned For Failing To Supervise Two Registered Representatives

Date 25/04/2019

FINRA announced today that it has ordered New Jersey-based broker-dealer Buckman, Buckman & Reid, Inc. (BBR) to pay approximately $205,000 in restitution to seven customers for failing to reasonably supervise two former registered representatives who recommended excessive and unsuitable trades in multiple customer accounts. As part of the settlement, FINRA also required the firm to review and revise its supervisory system and written supervisory procedures. FINRA previously barred both registered representatives from the industry.

Statement Of CFTC Commissioner Rostin Behnam On Proposed Amendments To The Commission’s Regulations Relating To Certain Swap Data Repository And Swap Data Reporting Requirements

Date 25/04/2019

I respectfully concur with the Commodity Futures Trading Commission’s (the “Commission” or “CFTC”) approval of its proposed rule regarding amendments to the Commission’s Regulations Relating to Certain Swap Data Repository and Swap Data Reporting Requirements (the “Proposal”).  In 2011, the Commission adopted part 49 of the Commission’s Regulations to implement the requirements of section 21 of the Commodity Exchange Act (the “Act” or “CEA”).  Section 21 describes the registration regime for and operation of swap data repositories (“SDRs”) by setting out applicable registration rules, data standards, duties, core principles, and requirements regarding confidentiality and chief compliance officers as envisioned by Congress in the Dodd-Frank Act to implement the key trade reporting provisions laid out at the 2009 G20 Pittsburgh Summit.  Similarly, part 49 builds out a regulatory framework aimed at ensuring the legal and operational stability and soundness of SDRs in support of post-trade transparency in the swaps market.  The Proposal aims to improve upon the quality, accuracy, and completeness of swap data reported to the Commission via SDRs and generally follows a plan laid out in the Commission’s 2017 Roadmap to Achieve High Quality Swap Data.  This Proposal purports to be the first step in following that Roadmap.  While true, I prefer to view this as a part of the Commission’s ongoing duties to regularly review its Regulations to increase efficiencies and avoid unintended consequences, and to be certain that our SDR rules further the goals of increasing transparency and identifying risk.

Deutsche Börse Data Services Launches Eurex Flow Insights

Date 25/04/2019

• New analytics product offers information on Eurex order flow by trading account type
• Unique insights into market positioning and dynamics

Oleg Viyugin Re-Elected As Chairman Of The Moscow Exchange Supervisory Board

Date 25/04/2019

The Supervisory Board newly elected at the Annual General Meeting of Shareholders held its first meeting on 25 April 2019. At the Board meeting, Oleg Viyugin, independent director, was re-elected as Chairman of the Supervisory Board.

SEC Announces Members Of Small Business Capital Formation Advisory Committee

Date 25/04/2019

The Securities and Exchange Commission today announced the inaugural members of the Small Business Capital Formation Advisory Committee. The Committee will hold its first meeting on Monday, May 6, 2019, at the SEC’s headquarters in Washington, D.C.

Moscow Exchange Announces AGM Results

Date 25/04/2019

Moscow Exchange (MOEX) held its Annual General Meeting of Shareholders (AGM) on 25 April 2019.

FESE: European Capital Markets Fact Sheet Q1 2019

Date 25/04/2019

Highlights

• Major indices recovered from sharp declines in Q4 2018 but an uncertain economic outlook dominated the picture.
• The FESE Index increased both quarter on quarter (qoq) and year on year (yoy) and recovered its earlier path.
• It was a positive quarter for SME Markets listings and market capitalisation, a reversal was seen from the previous trajectory and an overall yoy increase was posted.
• New listings and investment flows experienced sharp declines owing to stagnation in the European IPO market.
• Q1 2019 was a stagnant quarter as regards to options and futures, stock/index options and futures suffered a stark qoq decline in notional turnover.
• Finally, very good news for bonds: they increased in turnover both at the qoq and yoy levels.

MIAX Exchange Group - Options Markets - Reg SCI / SIFMA BCP Test Plan - October 26, 2019

Date 25/04/2019

The MIAX Options, PEARL and Emerald Exchanges will be participating in the 2019 SIFMA BCP Testing on Saturday, October 26, 2019.  All members that are required to test with MIAX Options and/or MIAX PEARL Exchanges in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) have been notified.  However, all members are encouraged to test.  Please note, the MIAX Emerald Options exchange initially launched on March 1, 2019.  Emerald Options Exchange members meeting the designation standards during the April 1, 2019 through June 30, 2019 measurement quarter will be notified of their testing obligation no later than July 15, 2019.

SEC Charges Truckload Freight Company With Accounting Fraud

Date 25/04/2019

The Securities and Exchange Commission today charged Indianapolis-based Celadon Group Inc. with an accounting fraud that allowed the truckload freight company to avoid disclosing substantial losses and misrepresent its financial condition.