Americas News
The latest industry and regulatory news affecting North and South America.
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FIA PTG opposes proposed changes to NYSE MKT's CUBE auction fees
FIA PTG filed a comment letter with the Securities and Exchange Commission (SEC) today opposing NYSE MKT's proposed changes to CUBE auction fees. The SEC suspended the rule change and requested public comment on the proposed changes, noting concerns "about the potential effect the proposal may have on the operation of the CUBE Auction and its potential to provide price improvement to customers, as well as on competition among participants initiating CUBE Auctions and those responding to them."
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Nasdaq sponsoring FIA’s Innovators Pavilion
FIA announced that the second annual Innovators Pavilion will be sponsored by Nasdaq, with additional support from FinTEx Chicago, FinTech Sandbox and Hyde Park Angels.
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FIA PTG Comment letter supporting change to ICE block trade FAQs
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IDX Video: IOSCO targets clearing issues
Paul Andrews, the new head of the International Organization of Securities Commissions, is planning to stake out positions on two issues of critical importance to the derivatives markets: equivalence determinations and the leverage ratio.
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FIA PTG comments on Treasury market structure
FIA PTG responded to the Treasury Department's Request for Information (RFI) on the evolution of Treasury market structure.
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FIA PTG comments to the SEC on amended IEX application and proposed interpretation of Reg NMS
FIA PTG submitted comments to the Securities and Exchange Commission (SEC) today on the Commission's Proposed Interpretation Regarding Automated Quotations Under Regulation NMS and to further comment on IEX's amended application for registration as a national securities exchange.
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FIA Operations Americas 2016 Scholarship Program
The FIA Operations Americas Division is pleased to announce that the 2016-2017 Scholarship Application is now available. We are proud to confirm that the division will be awarding ten scholarships with each valued at $2,500.
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CBOE Buys Stake in Robo-Advisor
CBOE Holdings announced in January that it has bought more than 50% of Vest Financial, a company founded in 2012 that aims to provide investors with a simple way to use options on individual equities and exchange-traded funds as protection against market downturns.
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FIA Law and Compliance Division releases notice to omnibus accounts regarding restrictions on exchange access for sanctioned parties
The FIA Law and Compliance Division today published a standard notice to help firms comply with exchange rules that require clearing members to notify their omnibus customers of restrictions on access for “sanctioned parties” or similar entities under exchange rules. In particular, CME, CBOT, NYMEX and COMEX have notified the CFTC that they will amend Rule 960 to require that clearing members notify their omnibus customers of restrictions against dealing with sanctioned parties and that the omnibus customers do the same with respect to their own omnibus customers. The revisions to Rule 960 are set to be made effective by the exchanges on Feb. 29, 2016.
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