News Centre

CFTC: Federal Court Orders More Than $1.3 Million In Sanctions And Enters A Default Judgment Order Against Florida-Based Gold Distributors, Inc. And Its Owner, Jordan Cain, For Engaging In Illegal, Off-Exchange Commodity Transactions

Date 05/12/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge William J. Zloch of the U.S. District Court for the Southern District of Florida entered an Order of default judgment against Defendants Gold Distributors, Inc. (GDI) of Hallandale Beach, Florida, and its sole owner Jordan Cain of Miami, Florida. The Order requires the Defendants to pay restitution in the amount of $337,266 and a civil monetary penalty of $1,011,800. The Order also imposes permanent trading, solicitation, and registration bans against the Defendants and prohibits them from violating provisions of the Commodity Exchange Act (CEA), as charged.

European Commission - Statement On Basel Regulatory Consistency Assessment Of Basel III implementation

Date 05/12/2014

The European Commission endorses the efforts of international financial standards setters that seek to ensure coherent implementation across member jurisdictions. In this context, the Basel Committee’s Regulatory Consistency Assessment Programme (RCAP) is a welcome contribution.

SEC Charges Virginia Beach-Based Bank Holding Company With Accounting Violations

Date 05/12/2014

The Securities and Exchange Commission today charged a Virginia Beach-based bank holding company and its former chief financial officer with violating the federal securities laws by improperly accounting for a deferred tax asset (DTA) that was not fully realizable due to the company’s deteriorating loan portfolio and financial condition.

Moscow Exchange To Double FX Market Tick Size

Date 05/12/2014

At a meeting on 27 November Moscow Exchange"s FX Market Committee recommended increasing the price tick for USD/RUB and EUR/RUB spot instruments to RUB 0.001 from the current RUB 0.0005.

Sirius Real Estate Limited Lists On The JSE AltX Board

Date 05/12/2014

Today Sirius Real Estate Limited (SRE) listed on the JSE’s AltX board in the ‘Real Estate Holding & Development’ sector. This is the JSE’s first fast-track listing since the exchange introduced the process as part of its amendment to Listing Requirements in October this year.

Moscow Exchange: Additional Trading Session Start Times On 12, 15, And 17 December

Date 05/12/2014

As 12, 15, and 17 December are expiration dates for options on Moscow Exchange"s  Derivatives Market, the Derivatives Market"s evening additional trading session will begin at 7:10 pm rather than the usual 7:00 pm on these dates.

SGX Reports Robust Demand For Derivatives Products

Date 05/12/2014

Japan's Financial Services Agency: Overview Of Financial Results Of Major Insurance Companies As Of September 30, 2014

Date 05/12/2014

Following the announcements by major insurance companies of their financial results as of September 30, 2014, the FSA has compiled the figures, etc. announced by these insurance companies.

HKFE Announces Revised Margins For Futures Contracts

Date 05/12/2014

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Tuesday, 9 December 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

MCX Weekly Market Report - November 28, 2014 – December 4, 2014

Date 05/12/2014

Click here to download MCX's weekly market report.