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  • Direct Edge Trading Notice #12-62: Fee Schedule Changes for EDGX Effective January 1, 2013

    Date 26/12/2012

    The following changes will be effective for EDGX Exchange, Inc. (EDGX®) on January 1, 2013: 

    EDGX Tier Changes

    EDGX will discontinue one way to achieve the Mega Tier rebate of $0.0032 per share, where a Member posts 0.75% of the Total Consolidated Volume (TCV) in average daily volume (ADV), as outlined in footnote 1 of the current fee schedule.  

  • Press Conference By Ikko Nakatsuka, Japan's Minister For Financial Services

    Date 26/12/2012

    Q.

    I would like to ask three questions concerning the illegal manipulation of LIBOR (London Interbank Offered Rate) and TIBOR (Tokyo Interbank Offered Rate).

    Interest in the LIBOR problem has grown worldwide, and in Japan, too, UBS Securities Japan Ltd. and Citigroup Global Markets Japan Inc. were ordered to suspend business operation last year. The number of banks found to have been involved in the problem is increasing and severe penalties have been imposed. Could you comment on that? In addition, I would like to ask you how the Financial Services Agency (FSA) will deal with this problem. Finally, following the FSA’s business suspension order for UBS last year, am I correct in understanding that the FSA will not impose any new penalty in relation to the case centering on Tokyo-based traders against which fines totaling 1.5 billion dollars have been imposed in the United States, the United Kingdom and Switzerland?

    A.

    First, I would like to refrain from commenting on the actions taken by foreign authorities. For its part, the FSA issued business suspension and improvement orders against UBS in December 2011 in relation to inappropriate efforts by UBS traders to influence LIBOR and TIBOR submissions. Since then, the FSA has been strictly monitoring the status of business improvement at UBS and I understand that the company has steadily made improvement.

  • Korea Exchange Revises Fee Schedule - Effective From January 1, 2013

    Date 26/12/2012

    The Korea Exchange releases a new fee schedule, which is effective from January 1, 2013. Please click here to download full details.

  • Zhengzhou Commodity Exchange Will Launch Rapeseed Futures And Rapeseed Meal Futures

    Date 26/12/2012

    On December 28, 2012, Zhengzhou Commodity Exchange will launch rapeseed futures and rapeseed meal futures.

  • Dalian Commodity Exchange: Circular On The Adjustment To The Minimum Trading Margin Standard And The Trading Limit Rate Of Each Variety During The New Year’s Day Period Of 2013

    Date 26/12/2012

    Under the provisions of Clause Nine of “Risk Management Methods of Dalian Commodity Exchange” and after determination upon discussion, DCE will make the following adjustments to the trading margin and trading limit of each variety around the time when business stops during the New Year’s Day of 2013.