News Centre

ISDA’s 31st AGM To Highlight Impact Of Market Structure Changes

Date 12/04/2016

Leading regulators and industry participants will gather at the International Swaps and Derivatives Association’s (ISDA) 31st Annual General Meeting (AGM) in Tokyo this week to discuss the impact of regulatory change and how best to respond to the evolving market structure.

Nasdaq March 2016 Volumes, 1Q16 Est. Revenue Capture

Date 12/04/2016

Nasdaq (NASDAQ:NDAQ) today reported monthly volumes for March 2016, as well as quarterly volumes and estimated revenue capture for the quarter ending March 31, 2016, on its investor relations website. 

Celeste Koeleveld Appointed General Counsel At New York State Department Of Financial Services - Ms. Koeleveld Joins Four Recent Appointees To The DFS Executive Staff

Date 11/04/2016

Celeste Koeleveld has been appointed General Counsel at the Department of Financial Services (DFS). Ms. Koeleveld will lead DFS’s Office of General Counsel and be responsible for all legal matters in the agency, reporting directly to the Superintendent.

New York Attorney General Eric T. Schneiderman-Led State & Federal Working Group Announces $5 Billion Settlement With Goldman Sachs

Date 11/04/2016

• Settlement Includes $670 Million For New Yorkers, Including $190 Million In Cash And $480 Million In Consumer Relief Committed To Mortgage Assistance, Principal Forgiveness, And Affordable Housing Programs
• New York Has Now Received $5.3 Billion In Cash And Consumer Relief From National Mortgage Settlement And Residential Mortgage-Backed Securities Working Group Settlements Combined Since 2012
• Schneiderman: Since 2012, My Number One Priority Has Been Getting New York Families The Resources They Need To Help Rebuild

Nasdaq Announces End-Of-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date March 31, 2016

Date 11/04/2016

At the end of the settlement date of March 31, 2016, short interest in 2,301 Nasdaq Global MarketSM securities totaled 8,166,679,657  shares compared with  8,250,861,296  shares in 2,298 Global Market issues reported for the prior settlement date of March 15, 2016. The end-of-March short interest represents 4.90 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.57 days for the prior reporting period.

BOX Options Exchange Price Improvement For March

Date 11/04/2016

In the month of March price improved contracts on BOX Options Exchange (“BOX”) averaged 340,567 per day. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $663,135 per day, while total savings to investors in March was $14.59M. With this, BOX has saved investors over $751M since its inception in 2004. Overall average daily trading volume on BOX in the month of March was 455,360 contracts.

U.S. Justice Department: Goldman Sachs Agrees To Pay More Than $5 Billion In Connection With Its Sale Of Residential Mortgage Backed Securities

Date 11/04/2016

The Justice Department, along with federal and state partners, announced today a $5.06 billion settlement with Goldman Sachs related to Goldman’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007.  The resolution announced today requires Goldman to pay $2.385 billion in a civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and also requires the bank to provide $1.8 billion in other relief, including relief to underwater homeowners, distressed borrowers and affected communities, in the form of loan forgiveness and financing for affordable housing.  Goldman will also pay $875 million to resolve claims by other federal entities and state claims.  Investors, including federally-insured financial institutions, suffered billions of dollars in losses from investing in RMBS issued and underwritten by Goldman between 2005 and 2007. 

CFTC’s Market Risk Advisory Committee Announces Agenda For April 26 Public Meeting

Date 11/04/2016

The U.S. Commodity Futures Trading Commission (CFTC) today announced the agenda for the upcoming Market Risk Advisory Committee (MRAC) public meeting that will be held on April 26, 2016 at CFTC’s headquarters in Washington, D.C. [See CFTC Press Release 7354-16 for attending, viewing and listening instructions.]

Marshall Sprung, Co-Chief Of Asset Management Unit, To Leave SEC After 13 Years Of Service

Date 11/04/2016

The Securities and Exchange Commission today announced that Marshall S. Sprung, co-chief of the Division of Enforcement’s Asset Management Unit, is planning to leave the agency later this month.

BM&FBOVESPA And Cetip Announce Agreement To Combine Operations - The Proposal, Which Will Be Put Before The Companies’ Shareholders And The Regulatory Bodies, Will Create A World-Class Company Ready To Compete In A More Challenging Market

Date 11/04/2016

BM&FBOVESPA and Cetip presented the press today with a proposal to merge the operations of the two companies, creating a world-class financial infrastructure company of great systemic importance, ready to compete in a global market that is ever more sophisticated and challenging, while increasing the security, solidity and efficiency of the Brazilian market. The agreement, to be submitted to shareholders’ meetings at both companies, still requires approval by the regulatory bodies the Central Bank of Brazil, the Securities and Exchange Commission of Brazil and Brazil’s Council for Economic Defense.