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MCX Weekly Market Report August 14, 2014 To August 21, 2014

Date 22/08/2014

Click here to download MCX's weekly market report.

London Stock Exchange Group: Announcement Of Interim Results For The Three Months Ended 30 June 2014

Date 22/08/2014

London Stock Exchange Group is publishing interim results for the three months ended 30 June 2014 (Q1), to provide latest financial information in connection with the Group’s proposed acquisition of Frank Russell Company and associated fully underwritten rights issue.

Platts Report: Singapore Moving Towards FOB Straits Basis For Oil? - Platts And Oil Marketplace Eye Likely Need For Free-On-Board Straits Price Reference

Date 22/08/2014

The expansion of Singapore as a leading Asia-Pacific energy hub, combined with the country’s moratorium on the development of further onshore storage, has led to the hub expanding beyond national borders to encompass infrastructure in Malaysia, according to the Platts Special Report “FOB Singapore Beyond Singapore –Towards FOB Straits” released at the Platts Crude Oil & Refined Products Forum in Singapore Thursday. 

CFTC Charges Colorado Company R2 Capital Group, LLC, And Its Owners, Ryan Tomazin, Ryan Madigan, Randell A.Vest, RAST Investor Group, LLC, Madigan Enterprises, Inc., And Bulletproof Vest, Inc. With Fraud And Misappropriation - Defendants Allegedly Solicited More Than $2.4 Million From At Least Four Participants In Commodity Investment Pool - Federal Court Issues Restraining Orders Freezing Defendants’ Assets And Protecting Books And Records

Date 21/08/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on August 15, 2014, Chief Judge Marcia S. Krieger, of the U.S. District Court for the District of Colorado, issued a restraining Order freezing the assets of Defendants Ryan Tomazin of Stamford, Connecticut, Ryan Madiganof Raleigh, North Carolina, and Randell A. Vest of Fort Myers, Florida. The restraining Order was an expansion of the court’s August 7, 2014 restraining Order, which froze the assets of Tomazin’s, Madigan’s and Vest’s holding companies — Defendants RAST Investor Group, LLC, Madigan Enterprises, Inc., andBulletproof Vest, Inc., respectively — and their Colorado company, Defendant R2 Capital Group LLC (R2 Capital). The restraining Orders also prohibit the Defendants from destroying or altering books and records.

ISDA Letter To BCBS/IOSCO On Timing Issues For Margin Rules For Uncleared Derivatives

Date 21/08/2014

ISDA member firms participating in the industry-led WGMR implementation initiative are concerned about the market’s ability to meet an implementation date of December 2015. This concern is based not only on the significant infrastructural changes required of market participants but also due to the significant coordination effort required of global regulators. In summary, ISDA proposed that rules become effective two years after rules are clarified and finalized in Europe, Japan, and USA. ISDA also proposed a phase-in schedule for upcoming Variation Margin (VM) requirements and urged regulators to avoid imposition of implementation dates during the year end code freeze periods. Based on the above, the practical start date of the WGMR requirements would be April 2017.

CFTC Orders S.J. Woods, Inc., Peter Blanco, And Paul Proscia To Pay Over $2.9 Million In Restitution And Permanently Bars Them From The Commodities Industry

Date 21/08/2014

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against S.J. Woods, Inc. (SJW) and its owners, Peter Blanco and Paul Proscia (together Respondents), involving their participation in illegal, off-exchange financed transactions in precious metals with retail customers. The Order requires Respondents jointly to pay restitution totaling $2,971,992.23 to their customers, imposes permanent trading bans against them, and prohibits them from violating the Commodity Exchange Act, as charged. SJW’s principal place of business is Holbrook, New York. Blanco is a resident of Brightwaters, New York, and Proscia is a resident of Sayville, New York.

ESMA Announces The New CWG For Commodity Derivatives TF

Date 21/08/2014

Following the call for interest for the renewal of the Consulative Working Group for the Commodity Derivatives Task Force, ESMA today announces the composition of the new group. 

ISDA Publishes ISDA 2014 Credit Derivatives Definitions Protocol

Date 21/08/2014

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of the ISDA 2014 Credit Derivatives Definitions Protocol.  

CalPERS To Recover Millions In Bank Of America Settlement

Date 21/08/2014

The California Public Employees’ Retirement System (CalPERS) is poised to get back up to $250 million in damages from Bank of America in a federal investigation settlement announced today by California Attorney General Kamala Harris.

July 2014 FIF Market Dynamics Report – Executive Summary

Date 21/08/2014

OTC Market Share of NMS Securities

• In July 2014, off-exchange trading accounted for 37.2% of the shares traded in NMS Equity Securities, a decrease of 1.2% compared to last month.

Average Trade/Contract Size

• For NYSE Listed, average trade size was 199 shares, a 3.9% decrease over last month. On a year over year basis, average trade size decreased 18.5%.
• For NASDAQ Listed, average trade size was 206 shares, 6.1% lower than last month. Average trade size decreased 18.0% on an annual basis.
• Average contract size for US Equity Options was 10 this month.