News Centre

Circular On The Announcement And Implementation Of The Amendments To The Detailed Delivery Rules Of Dalian Commodity Exchange And Other Detailed Implementation Rules

Date 30/11/2012

It is hereby notified that for the purpose of getting close to market demands, facilitating delivery and further playing the function of the futures market in serving real economy, with the examination and approval of the Council and after reporting to CSRC, DCE makes amendments to such contents like the delivery matching principle, the circulation of special-purpose VAT invoice and the handling of failure to deliver invoices on time prescribed in “Detailed Delivery Rules of Dalian Commodity Exchange” and “Detailed Clearing Rules of Dalian Commodity Exchange”. The amendments to the rules are hereby released, and the modified Rules shall come into effect as of December 3, 2012.

ISDA Response To The Fourth Financial Stability Board Progress Report On Implementation Of OTC Derivatives Market Reforms

Date 30/11/2012

Click here to download the ISDA Response to the Fourth Financial Stability Board Progress Reporton Implementation of OTC Derivatives Market Reforms.

HKEx: Placing And Issue Of Shares Under General Mandate

Date 30/11/2012

On 29 November 2012, the Company and the Placing Agents entered into the Placing Agreement pursuant to which each of the Placing Agents has conditionally agreed with the Company to act as agent, severally and not jointly, for the Company to use its best endeavours to procure subscribers to subscribe for the Placing Shares at the Placing Price.

ISDA’s Response To The European Commission’s Public Consultation On The Regulation of Indices

Date 30/11/2012

On behalf of our members, ISDA appreciates the opportunity to respond to this consultation, with the goal of contributing to a robust and stable financial market. In this response, we have limited ourselves to commenting on those issues that are directly relevant to ISDA and OTC Derivatives Markets. There are, of course, many important issues discussed in the consultation document that go beyond that scope, and we defer, in relation to those issues, to other financial market respondents with greater expertise and/or a more relevant focus. Equally, we will not address considerations of possible alternatives or successors to relevant indices (e.g. Libor or Euribor), either generically or specifically, in the case that the ultimatedecision is reached that any of these indices should be discontinued.

HKEx Announces Share Placement To Professional And Institutional Investors

Date 30/11/2012

Hong Kong Exchanges and Clearing Limited (HKEx or the Company) has today announced the placing of new shares to independent professional and institutional investors under the general mandate granted to its directors at the annual general meeting of the Company held on 23 April 2012 (the Placing).

SIFMA Commends Rep. Price Legislation Protecting U.S. From Foreign FTTs

Date 30/11/2012

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president for public policy and advocacy after Representative Tom Price (R-GA) introduced legislation that would make clear that foreign governments have no ability or right to tax private securities transactions within the United States.

DTCC Media Statement On CME Requested DCO Rule Change And Amendments To CFTC Reporting FAQ

Date 30/11/2012

The U.S. Commodity Futures Trading Commission’s (“CFTC”) rules and interpretations of the Dodd Frank Act have made it clear for nearly a year that clearinghouses must provide open access and that data repositories cannot bundle other services as the CME Group Inc. (“CME”) proposes. In fact, the CME is proposing that as a condition for using their clearing services, market participants must agree to report their trade data to the clearinghouse's own captive swap data repository (SDR). The industry has spent hundreds of millions of dollars to be fully prepared to meet reporting obligations that will become effective in one month. The Commission's action late yesterday was an unexplained and an abrupt reversal of course. This action is inconsistent with the Commission’s previous actions, and will cause market participants to question the finality of any Commission rule or interpretation. This will ultimately disrupt the progress the industry and regulators have achieved so far to implement the financial reforms mandated by the Dodd-Frank Act. We are surprised and disappointed that the Commission would take such a step at this late date and ask that it reverse its decision and reinstate the FAQs which have provided the industry with appropriate decision-making capabilities in regards to their own swaps data.

CBOE To Introduce CBOE Low Volatility Index - Features Lower Downside Volatility Plus Upside Participation

Date 29/11/2012

The Chicago Board Options Exchange® (CBOE®) announced today that it will begin disseminating values for a new benchmark index, the CBOE Low Volatility IndexSM (ticker: LOVOL) tomorrow, Friday, November 30.

"Whose Markets Are These Anyway? Can Ya Dig It?” - Keynote Address Of CFTC Commissioner Bart Chilton Before The Consumer Federation Of America 2012 Financial Services Conference, Washington, DC

Date 29/11/2012

Introduction

Good afternoon. It’s a great pleasure to be with you at your 2012 Financial Services Conference. CFA does great work. It is a pleasure to work with Barbara Roper. And, you all—each of you here—are to be commended for your sacrifices. It isn’t easy to take time to travel to D.C. and be away from your business or family. It is a sacrifice, but it does make a difference. You are needed. I, for one, greatly appreciate your contributions. In all seriousness, thank you.

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues Amended No-Action Letter On The Pay-To-Play Rules For Swap Dealers Conducting Business With Certain Governmental Special Entities

Date 29/11/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an amended no-action letter addressing the pay-to-play rules applicable to swap dealers who conduct business with certain governmental special entities.  The letter has been amended from the original version that was issued on November 20, 2012.