Pat Kenny, CQG Senior Vice President, Client Relations, said: We value the work the Small Exchange is doing to provide increased access to futures markets for traders, particularly these first few indices. Adding the Small Exchange to our exchange network is a great opportunity for CQG’s global customers and a way to immediately provide a…
Read moreEquity derivatives clearing organization OCC has announced that total cleared contract volume in March reached 442,945,572 contracts, a 15% increase from March 2017. Highlights include: Highest first quarter volume and highest first quarter for equity options on record Cleared futures average daily volume for quarter up six percent from Q1 2017 Index options volume up…
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The Office of the Comptroller of the Currency (OCC) announced that it has recently assessed a $70 million civil money penalty against Citibank, N.A., for failing to comply with the agency’s 2012 consent order related to Bank Secrecy Act (BSA) and anti-money laundering (AML) deficiencies. In its 2012 order, the OCC cited the bank for…
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The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Thursday issued guidance explaining how supervisors should examine for compliance with the swap margin rule, which established margin requirements for swaps not cleared through a clearinghouse. The guidance explains that the Board and the OCC expect swap entities covered by…
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Options Clearing Corporation (OCC), the equity derivatives clearing organization, just congratulated MIAX on the launch of MIAX PEARL, which began operations on Monday. This successful launch brings the total number of U.S. options markets to fifteen. Craig Donohue, OCC Executive Chairman and CEO, commented: OCC congratulates the Miami International Securities Exchange on the successful launch…
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