News Centre

CME Group Announces Record Year For International Coal Futures In 2013

Date 14/01/2014

CME Group, the world's leading and most diverse derivatives marketplace, today announced a record year for its international coal futures of 1,298,361 contracts (1.3 billion metric tonnes) traded in 2013. This is a 300 percent increase compared to the volume traded in 2012 which was 329,985 contracts (330 million metric tonnes).

Hong Kong's Securities And Futures Commission: Court Orders Futures Trader To Compensate Investors Over $13 Million

Date 14/01/2014

The Court of First Instance today ordered Mr Tsoi Bun, a futures trader and former licensed intermediary, to pay $13,688,950 to around 500 investors affected by his manipulation of the calculated opening prices (COP) of index futures contracts in the futures market between 2007 and 2009.

Joint Project Of Warsaw Stock Exchange And Gdańsk Institute For Market Economics For The Polish Capital Market - “The European Financial Congress Project For Sustainable Development Of Poland’s Capital Market” Is A Joint Initiative Of Warsaw Stock Exchange And The Gdańsk Institute For Market Economics

Date 14/01/2014

A summary of the first initiatives undertaken in order to develop a growth strategy for Poland’s capital market has been published on the website of Warsaw Stock Exchange. “The European Financial Congress Project for Sustainable Development of Poland’s Capital Market” is an initiative of Warsaw Stock Exchange and the Gdańsk Institute for Market Economics - Gdańsk Academy of Banking, the European Financial Congress Project Co-ordinator.

Clearstream And Eurex Clearing Enhance Collateral Service Offering - Eurex Clearing Now Linked To Clearstream’s Efficient Tri-Party Solution - Link Allows Automatic Management Of Margin Collateral For Eurex Clearing - Important Step In Integrating Deutsche Börse’s Services For Superior Collateral Efficiency

Date 14/01/2014

Eurex Clearing, Europe’s leading clearing house, has extended its collateral services by providing direct connectivity into Clearstream’s tri-party collateral management service, known as the Global Liquidity Hub. Through this link to the triparty collateral management engine of the International Central Securities Depository (ICSD) Clearstream Banking Luxembourg, Eurex Clearing members are able to deposit and use securities collateral to cover their respective risk exposure within a highly-automated and efficient collateral environment. This new service also supports clearing members in pooling their collateral portfolio within the Global Liquidity Hub efficiently across different counterparts and services.

Finansinspektionen (FI) - Swedish Financial Supervisory Authority - Withdraws The Authorisation Of Exchange Finans

Date 14/01/2014

FI is withdrawing the authorisation of credit market company Exchange Finans to conduct financing business. The company has had serious deficiencies in its internal governance and control and has in particular neglected to take measures to prevent the operations from being used for money laundering and terrorist financing. The company must cease all operations with immediate effect.

SWIFT Eases Trade Reporting For EMIR Compliance - Practical, Flexible Solutions Enable Financial Institutions And Corporates To Meet February 2014 Deadline For Reporting Derivatives Transactions Under European Market Infrastructure Regulation

Date 14/01/2014

Following the European Securities and Markets Authority’s (ESMA’s) approval of six trade repositories, there is a start-date of 12 February 2014 for derivatives trade reporting under the European Market Infrastructure Regulation (EMIR). From 12 February, entities affected by the EMIR reporting obligations will need to report their trades to one of the newly-authorised repositories.

Commercial Banks May Issue Corporate Bonds At Shanghai Stock Exchange To Replenish Capital

Date 14/01/2014

On November 8, 2013, the China Securities Regulatory Commission (CSRC) and the China Banking Regulatory Commission (CBRC) jointly issued the “Guiding Opinions on Commercial Banks Issuing Corporate Bonds to Replenish Capital” (the “Guiding Opinions” for short), which allows listed and to-be-listed commercial banks to issue corporate bonds at exchanges to replenish capital. The Shanghai Stock Exchange (SSE) has also recently released the “Notice on Commercial Banks Issuing Corporate Bonds to Replenish Capital and the Issues Related to Listing, Trading and Transfer of the Bonds” (the “Notice” for short), which makes specific provisions on listing and trading, transfer, information disclosure, and other issues related to corporate bonds issued by commercial banks for capital replenishment at the SSE. The issuance of the “Guiding Opinions” and the “Notice” symbolizes that channels of commercial banks for capital replenishment have been expanded to the exchange markets, which is of positive significance for promoting the innovation of capital instruments in the banking sector and improving the integration of China’s bond market.

Finansinspektionen (FI) - Swedish Financial Supervisory Authority - Withdraws The Authorisation Of Festival International

Date 14/01/2014

The investment firm Festival International AB has, for a long period of time, been safekeeping financial instruments and related services such as cash management without the requisite authorisation. The company has also demonstrated deficiencies in its internal governance. Finansinspektionen (FI) therefore withdraws Festival’s authorisation to conduct investment services and activities.

TriOptima Resumes Compression Of Cleared Interest Rate Swaps With LCH.Clearnet Bringing Total Notional Eliminated To More Than $200 Trillion

Date 14/01/2014

London Stock Exchange: BBVA Joins MTS

Date 14/01/2014

• BBVA eighth founding dealer and liquidity provider
• MTS Swaps is expected to go live in the coming weeks
• Provides platform for buy-side to trade interest rate swaps
• Will enhance transparency and efficiency in European interest rate swaps