NYSE quarterly expiration day. NYSE Regulation reminded members that Friday, June 21, 2013, will be a quarterly Expiration Day for stock and index options and futures products whose settlement pricing is based upon New York Stock Exchange and NYSE MKT opening or closing prices on that day. The Information Memorandum reminds members of certain NYSE and NYSE MKT rules and policies regarding opening imbalance publications, entry and cancellation of market-on-close/limit-on-close and closing offset orders, publication of on-the-close imbalances, and printing the closing transaction. (6/17/2013) NYSE Information Memo 13-12.
ISDA client cleared OTC derivatives addendum. The International Swaps and Derivatives Association and the Futures and Options Association launched the ISDA/FOA Client Cleared OTC Derivatives Addendum. The Addendum is a template for use by cleared swaps market participants to document the relationship between a clearing member and its client for purposes of clearing over-the-counter derivatives transactions across central counterparties that use the principal-to-principal client clearing model. The Addendum supplements the ISDA Master Agreement and the FOA futures and options agreement. (6/11/2013) ISDA press release.
FINRA investor alert. The Financial Industry Regulatory Authority issued an investor alert concerning the unique characteristics of alternative funds. (6/11/2013) FINRA press release.
NYSE Retail Liquidity Program amendments. The New York Stock Exchange and NYSE MKT announced several amendments to their respective Rules 107C, which govern each Exchange’s Retail Liquidity Program. (6/6/2013) NYSE Information Memo 13-11.
FINRA to update the Series 4, 9 and 10 qualification examinations. The Financial Industry Regulatory Authority will conduct job analysis surveys to guide updates to the Series 4, 9 and 10 qualification examinations. FINRA will use the information garnered from the surveys of currently registered individuals to update the related qualification examinations. (6/5/2013) FINRA Information Notice.