News Centre

Notice On Modifying Article 15 Of “Shanghai Stock Exchange Detailed Rules For Implementation Of Margin Trading And Securities Lending (Revised In 2015)”

Date 04/08/2015

Upon approval by the China Securities Regulatory Commission, the Shanghai Stock Exchange (SSE) has modified Article 15 of the “SSE Detailed Rules for Implementation of Margin Trading and Securities Lending (Revised in 2015)”, in a bid to cement risk management on the business of margin trading and securities lending, propel standardized growth of the business and maintain normal order of the market.

Non Jordanian Investment At The Amman Stock Exchange During July 2015

Date 04/08/2015

The total value of shares that were bought by non-Jordanian investors since the beginning of the year until the end of July 2015 was JD315.6 million, representing 16.6% of the overall trading value, while the value of shares sold by them amounted to JD308.3 million. As a result, the net of non-Jordanian investments showed an increase of JD7.3 million, compared to a decrease by JD33.6 million for the same period of 2014.  

Shenzhen Stock Exchange Amends Rules For Margin Trading And Securities Lending

Date 04/08/2015

In a bid to further strengthen its risk management over margin trading and securities lending business and safeguard the normal market order, Shenzhen Stock Exchange has recently announced to amend the Clause 2.13 in the SZSE Implementing Rules for Margin Trading and Securities Lending (2015 version).

Moscow Exchange Trading Volumes In July 2015

Date 04/08/2015

Moscow Exchange (ticker: MOEX) announces trading volumes for July 2015. The Derivatives Market and FX Market posted the strongest growth, with volumes increasing 83.5% and 42.4% YoY, respectively.  Bond volumes also performed well.

Office Of The Comptroller Of The Currency Bulletin: Risk Management of Financial Derivatives: Quantitative Limits on Physical Commodity Transactions

Date 04/08/2015

Summary

This bulletin clarifies the Office of the Comptroller of the Currency’s (OCC) expectations regarding the extent to which national banks and federal branches or agencies of a foreign bank (collectively, banks) may make or take delivery of a physical commodity to hedge commodity derivatives transactions.1 Specifically, the bulletin provides calculation guidance for determining whether physical hedging activities are a nominal portion of risk management activities. The OCC considers physical hedging positions to be nominal only when the bank’s commodity position is no more than 5 percent of the notional value of the bank’s derivatives that (1) are in that same particular commodity and (2) allow for physical settlement within 30 days. This bulletin supplements Banking Circular 277 (BC-277), “Risk Management of Financial Derivatives” (October 27, 1993).

SIFMA Urges Swift Action To Adopt Information Sharing Legislation In Letter To Senate

Date 04/08/2015

SIFMA today submitted the following letter from Kenneth E. Bentsen, Jr., president and CEO, to the Senate calling for action to bring up and adopt the Cybersecurity Information Sharing Act (CISA) and for a quick agreement between the House and Senate to send a bill to the President: 

CME Group Volume Averaged 12.8 Million Contracts Per Day In July 2015, Up 5 Percent From July 2014

Date 04/08/2015

• Agricultural commodities average daily volume rose 32 percent
• Treasury options average daily volume increased 27 percent, with record weekly treasury options
• Foreign exchange (FX) average daily volume rose 26 percent
• Metals average daily volume increased 20 percent
• Energy average daily volume rose 12 percent

FESE Publishes The European Exchange Report 2014

Date 04/08/2015

The European Exchange Report represents a valuable source of integrated information on Europe’s exchange industry. The Report includes key figures of each operator of Regulated Markets which are summarised on a one page statement allowing for easy and transparent comparison of their key financial figures.

Moscow Exchange Indices Monthly Review: July 2015

Date 04/08/2015

In July, Moscow Exchange’s Indices reflected the positive trend by the MICEX Index on the Russian stock market. The MICEX Index was up 0.87% to 1,669.00 (from 1,654.55 on 30 June), while the dollar-denominated RTS Index fell 8.63% to 858.82 (from 939.93).

Statement Of CFTC Commissioner J. Christopher Giancarlo - Six Month Progress Report On CFTC Swaps Trading Rules: Incomplete Action And Fragmented Markets

Date 04/08/2015

Summary

Six months ago I released a White Paper on the CFTC’s swaps trading rules. The White Paper analyzed the flaws in the CFTC’s implementation of its swaps trading regulatory framework under Title VII of the Dodd-Frank Act and proposed a more effective alternative. The White Paper also detailed numerous adverse consequences caused by the CFTC’s swaps trading rules, foremost of which is driving global market participants away from transacting with entities subject to CFTC swaps regulation, resulting in fragmented global swaps markets.