Freddie Mac announced the dismissal of a putative class action lawsuit filed against the company in federal court in August 2008 alleging securities fraud. The Court rejected claims that Freddie Mac's public disclosures from November 20, 2007 to September 7, 2008 were materially false or misleading.
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As of Monday, October 1, 2012, BMAmp;FBOVESPA will begin trading in the SP 500 futures contract settled in cash to the price of the SP 500 Index futures contract, listed and traded on CME.
The SEC issued an investor bulletin to provide guidance on how to read confirmations (which the bulleting calls "confirmation statements"). The bulletin describes the information contained in a confirmation as to the relevant transaction, (e.g., the identity of the security), the amount of securities purchased or sold, and the price paid or receive for the security. The bulletin also includes information about the confirmation format, broker-dealer's "capacity" and compensation as well as SIPC coverage. View bulletin in full here (links externally to SEC website).See also Lofchie's Guide to
The CFTC approved the application of trueEX LLC for designation as a contract market in interest rate swaps. It will be the first designated contract market permitted to trade swaps. Clearing services for trueEX will be provided by the CME; regulatory services will be performed by the NFA. trueEX has indicated that initially it intends to list for trading interest rate swap contracts. Swap data repository services will be provided by DTCC Data Repository LLC. Note that as the products for which trueEx provides trading facilities become subject to mandatory clearing, they will also become
The SEC announced the panelists who will participate in the October 2 market technology roundtable that will discuss the relationship between the operational stability and integrity of the securities markets and the ways that market participants design, implement, and manage complex and interconnected trading technologies. See below for the agenda and panelists. 10 a.m. — Opening Statements 10:15 a.m. — Panel 1: Preventing Errors through Robust System Design, Deployment, and Operation Sudhanshu Arya, Managing Director, ITG Chris Isaacson, Chief Operating Officer, BATS Exchange Dave Lauer