News Centre

Financial Stability Oversight Council To Meet November 2

Date 26/10/2015

On Monday, November 2, Secretary Lew will preside over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department.  The agenda will include both an executive and an open session.  The preliminary agenda for the open session includes an update regarding the Council’s ongoing work on asset management and an update regarding Council member agencies’ work related to cybersecurity.

Office Of Financial Research Update: Financial Markets Monitor For October

Date 26/10/2015

The OFR released today its Financial Markets Monitor for October. The monitor says risk assets appreciated notably in October, recovering somewhat from the sharp losses in recent months. The dominant driver appeared to be a delay in market expectations for the Federal Reserve to raise interest rates.

FINRA Issues Investor Alert—Binary Options: These All-Or-Nothing Options Are All-Too-Often Fraudulent

Date 26/10/2015

The Financial Industry Regulatory Authority (FINRA) today issued a new Investor Alert, Binary Options: These All-Or-Nothing Options Are All-Too-Often Fraudulent. FINRA published the alert to warn investors that trading binary options can be extremely risky. Unlike other types of options contracts, binary options are all-or-nothing propositions. When a binary option expires, it either makes a pre-specified amount of money, or nothing at all, in which case the investor loses the entire investment. Trading binary options is made even riskier by fraudulent schemes, many of which originate outside the United States.

CFTC Issues Order Of Exemption From Registration As A Derivatives Clearing Organization To Korea Exchange, Inc.

Date 26/10/2015

The U.S. Commodity Futures Trading Commission (Commission) today issued an order of exemption from registration as a derivatives clearing organization (DCO) to Korea Exchange, Inc. (KRX). The Commission issued this order based on its authority under Section 5b(h) of the Commodity Exchange Act.

Intercontinental Exchange Sets October 28 For Third Quarter 2015 Earnings Announcement And To Review IDC Transaction Details

Date 26/10/2015

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, will announce third quarter 2015 financial results on Wednesday, October 28, 2015. An earnings press release will be issued prior to the earnings conference call, which will begin at 8:30 a.m. ET. The company will discuss its third quarter results as well as review IDC transaction details.

Disruptive Innovation In Financial Markets - Speech By Mary Starks, Director Of Competition, FCA, Delivered At The Organisation For Economic Cooperation And Development, Paris.

Date 26/10/2015

Good afternoon everyone, I would like to thank the OECD for inviting me here today to the competition meeting to discuss disruptive innovation in financial services.

Correcting And Replacing Intercontinental Exchange To Acquire Interactive Data Corporation From Silver Lake And Warburg Pincus In $5.2 Billion Cash And Stock Transaction

Date 26/10/2015

Sixth paragraph, second sentence of release should read: IDC shareholders will receive consideration of $3.65 billion in cash and $1.55 billion in Intercontinental Exchange common shares (instead of $1.55 million in Intercontinental Exchange common shares).

Athens And Shanghai Exchanges Commit To Foster A Mutually Beneficial Relationship

Date 26/10/2015

The Athens Stock Exchange (ATHEX) and the Shanghai Stock Exchange (SSE) signed a Memorandum of Understanding (MOU) Friday in which they committed to facilitate the development of channels of communication and to foster a continuing relationship.

CFTC Issues Order Of Exemption From Registration As A Derivatives Clearing Organization To Japan Securities Clearing Corporation

Date 26/10/2015

The U.S. Commodity Futures Trading Commission (Commission) today issued an order of exemption from registration as a derivatives clearing organization (DCO) to Japan Securities Clearing Corporation (JSCC). The Commission issued this order based on its authority under Section 5b(h) of the Commodity Exchange Act.

In A Move To Integrate The Private Sector In Development Plans... EGX Concludes Its First Sustainability Conference

Date 26/10/2015

• Salman: financing sustainable development goals need $ 4.5 trillion in 2030
• Salman: EGX is a leader in applying sustainability criteria and encourage companies to apply them.
• Waly: empowering women can increase the national income by about 38%.
• Waly: insurance investments in the stock market achieved tangible success on the long term and we are studying to increase them.
• Samy: Amendments during the coming period in the capital market law to allow not-for-profit funds to invest.
• Omran: Applying sustainability helps companies to be open for a huge size of investments.
• Omran: EGX is supporting sustainability and is insisting to spread awareness about it, and the coming period will witness a number of meetings and workshops to raise the community’ awareness about the sustainability plan’ importance.