News Centre

Plans To Withdraw Dark Rules Anti-Avoidance Provision - IIROC Proposes Amendments And Guidance For Best Execution

Date 10/12/2015

The Investment Industry Regulatory Organization of Canada (IIROC) today published proposedrule amendments and guidance that together seek to update and streamline existing best execution requirements for IIROC-regulated firms.

Canadian Securities Regulators Seek Comments On A Mutual Fund Risk Classification Methodology

Date 10/12/2015

The Canadian Securities Administrators (CSA) today published for comment proposed amendments that would require fund managers to use a standardized risk classification methodology (the Proposed Methodology) when determining a risk level for conventional mutual funds and exchange-traded mutual funds (ETFs) in the Fund Facts and in the proposed ETF Facts, respectively.

CFTC: Federal Court Orders California Resident Thomas Gillons To Pay More Than $1.9 Million In Restitution And Penalties For Fraud And Misappropriation

Date 10/12/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced that the Honorable Harry D. Leinenweber of the U.S. District Court for the Northern District of Illinois entered a Consent Order for permanent injunction against Thomas Gillons, who resides in Napa County, California. The Order requires Gillons to pay a $1 million civil monetary penalty and $994,068 in restitution, imposes permanent trading and registration bans on Gillons, and prohibits him from further violations of the anti-fraud and registration provisions of the Commodity Exchange Act (CEA), as charged.

US Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program

Date 10/12/2015

The Department of Justice announced today that Cornèr Banca SA (Cornèr) and Bank Coop AG (Bank Coop) reached resolutions under the department’s Swiss Bank Program. 

Corporate Bond Liquidity Healthy By Most Measures: FINRA Research - Analysis Of TRACE Data Also Finds Potentially Significant Changes In Market Structure

Date 10/12/2015

The Financial Industry Regulatory Authority (FINRA) today issued new research that provides a deep and focused look at the state of liquidity in the U.S. corporate-bond market. Analyzing all TRACE transactions from 2003 to September 2015, the research found:

• Most measures indicate a healthy market. New bond issuance is at a record level, transaction volumes have continued to grow, and the number of trades is rising. The cost of trading corporate bonds has been decreasing, as indicated by narrower bid-ask spreads and falling price impact to block trades.
• However, several measures offer evidence of potentially significant changes in how the market is working, including smaller average trade size and a declining proportion of bonds traded in blocks of $5 million or more. These trends are consistent with a market that has a larger number of issues, more electronic trading and a growing network of counterparties.

BATS ETF Marketplace Welcomes New Elkhorn ETF - New Issuer To BATS Lists ELKU, Which Began Trading Today

Date 10/12/2015

BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed a new issuer, Elkhorn Investments, to its U.S. market with the listing of the Elkhorn FTSE RAFI U.S. Equity Income ETF (BATS: ELKU).

Steven Maijoor, Chair, European Securities And Markets Authority (ESMA) Delivers Keynote At L'Agefi Regulation Financiere 2015 On CMU And Bond Markets

Date 10/12/2015

Steven Maijoor, ESMA Chair, delivered the keynote speech at L'Agefi's Regulation Financiere 2015 event on bond market transparency and Capital Markets Union.

Newly Elected Member To The FESE Board

Date 10/12/2015

The FESE General Assembly during its meeting in Brussels today unanimously agreed the appointment of Mr Marios A. Pilavakis, Chairman of the Board of Directors (Council) of the Cyprus Stock Exchange (CSE) as Member of the Board for a term of three years.

BATS Welcomes iShares FactorSelect MSCI Emerging ETF - New ETF Began Trading Today On The BATS ETF Marketplace

Date 10/12/2015

BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed the iShares FactorSelect MSCI Emerging ETF (BATS: EMGF), which began trading today on The BATS ETF Marketplace.

EBA Appoints Its Alternate Chairperson And Management Board Members

Date 10/12/2015

The Board of Supervisors of the European Banking Authority (EBA) has elected its Alternate Chairperson and members to its Management Board.