News Centre

Federal Court Orders Florida Company To Pay More Than $15 Million In Monetary Sanctions For Fraud And Illegal Transactions

Date 28/10/2019

The U.S. Commodity Futures Trading Commission today announced that the U.S. District Court for the Southern District of Florida entered a default judgment against defendants Aviv Michael Hen of New York, and Omega Knight 2, LLC, as well as a consent order against Erez Hen of Florida, for fraud and illegal, off-exchange precious metals transactions and failing to register with the CFTC.

US Federal Agencies Finalize Changes To Resolution Plan Requirements; Keeps Requirements For Largest Firms And Reduces Requirements For Smaller Firms

Date 28/10/2019

The Federal Reserve Board and the Federal Deposit Insurance Corporation on Monday announced that they had finalized a rule that modifies their resolution plan requirements for large firms. The rule retains resolution plan elements in place for the largest firms, while reducing requirements for smaller firms that pose less risk to the financial system.

CFTC Commissioner Stump Announces New GMAC Subcommittee On Margin Requirements For Non-Cleared Swaps - Global Markets Advisory Committee Seeking Subcommittee Membership Nominations

Date 28/10/2019

U.S. Commodity Futures Trading Commission Commissioner Dawn Stump today announced the Commission has voted to establish a Subcommittee on Margin Requirements for Non-Cleared Swaps under the Global Markets Advisory Committee (GMAC). Commissioner Stump, sponsor of the GMAC, is seeking nominations for membership on the new subcommittee through a request in the Federal Register. The deadline for the submission of nominations is November 12, 2019.

DTCC Appoints Lynn Bishop As Chief Information Officer - Bishop Assumes The CIO Post As DTCC Advances The Strategic Replatforming Of Its Technology And Provides Industry-Wide Leadership On FinTech

Date 28/10/2019

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Lynn Bishop as Chief Information Officer (CIO), effective immediately. In this role, Bishop is responsible for the ongoing development and testing of all the technology that supports DTCC’s post-trade infrastructure, communications networks, processing and messaging systems, as well as the IT applications underlying DTCC’s broad range of products and services. Bishop is a member of the firm’s Management Committee and now reports directly to DTCC’s CEO, Michael Bodson.

Intercontinental Exchange Launches ICE ETF Hub Enabling And Supporting The Next Phase Of Growth In ETFs

Date 28/10/2019

• Technology-enabled ecosystem aims to bring efficiency and standardization to the ETF primary market
• New protocols for creating and redeeming ETF orders

US Federal Agencies Propose Rule To Amend Swap Margin Rules

Date 28/10/2019

Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.

CFTC To Hold An Open Commission Meeting On November 5

Date 28/10/2019

U.S. Commodity Futures Trading Commission Chairman Heath P. Tarbert today announced the CFTC will hold an open meeting on Tuesday, November 5, 2019, at 10:00 a.m. EST at its headquarters in Washington, DC to consider the following:

• Proposed Rule: Correcting Amendment to Commission Regulation 160.30 (Privacy of Consumer Financial Information)
• Foreign Board of Trade (FBOT) Applications of Euronext Amsterdam, Euronext Paris, and European Energy Exchange
• Other Commission Business

Deutsche Börse Group Shows Strong Growth In Q3/2019

Date 28/10/2019

• Net revenue up 13 per cent on an adjusted basis to €734 million in Q3/2019. 
• Adjusted net profit amounted to €283 million for Q3/2019.
• Adjusted earnings per share rose by 18 per cent to €1.54 in Q3/2019.
• In the first nine months of 2019, net revenue was up 7 per cent while adjusted net profit for the period rose by 12 per cent, to €863 million.
• The company confirm its targets for 2019, in view of the very positive development year-to-date.

SEC And Fordham University School Of Law To Host Conference On Combating Community-Based Financial Fraud

Date 28/10/2019

The Securities and Exchange Commission’s New York Regional Office and Fordham University School of Law will host a conference on November 1 on combating community-based financial fraud.  The conference will focus on fraudulent and manipulative schemes that target potential victims based on race, ethnicity, religion, gender, age, and other associations.  Conference participants from the SEC, Department of Justice, Federal Bureau of Investigation, Financial Industry Regulatory Authority (FINRA), North American Securities Administrators Association (NASAA), and New Jersey Bureau of Securities will discuss effective strategies for detecting, preventing, and combating community-based financial fraud. 

The UK Financial Services Beyond Brexit Summit: Economic Secretary's Speech

Date 28/10/2019

The Economic Secretary to the Treasury and City Minister, John Glen, delivered a speech to financial sector leaders at the fifth UK Financial Services Beyond Brexit Summit.