News Centre

DGCX Named ‘Best Global Commodities Exchange’ In 2012 At The Global Banking & Finance Review Awards 2012

Date 15/07/2012

Dubai Gold and Commodities Exchange (DGCX) has been named the ‘Best Global Commodities Exchange’ by the Global Banking & Finance Review. The award recognises DGCX’s exceptional trade volume expansion and product innovation during the last year. The annual Global Banking and Finance Review Awards recognise achievement, challenge, progress and inspirational change in the global financial industry.

Egyptian Exchange Market Hours During Ramadan

Date 15/07/2012

EGX set the trading hours during Ramadan to be from 10:30 am till 01:30 pm for the ordinary trading session, from 01:45 pm till 02:15 pm for OTC (Orders Market) trading session on Mondays and Wednesdays. As for the Deals Market, trading sessions will be held from 9:30 am till 01:30 pm.

CME Group Statement

Date 14/07/2012

CME Group today released the following statement:

"We are appalled by the recent violations of customer segregated funds that have shaken the very core of our industry. These breaches of trust are completely unacceptable not only to CME Group but also the businesses and individuals who rely on these markets to manage their risk. Without question, the current system in which customer funds are held at the firm level must be reevaluated. CME Group is committed to working with Congress, CFTC, NFA, FIA and market participants to restore confidence in derivatives markets."

Kraft Foods Inc. to Join the NASDAQ-100 Index Beginning July 23, 2012

Date 14/07/2012

Kraft Foods Inc. (Nasdaq:KFT) will become a component of the NASDAQ-100 Index^® (Nasdaq:NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) and the NASDAQ-100 Ex-Tech Sector Index prior to market open on Monday, July 23, 2012. Kraft Foods Inc. will replace Ctrip.com International, Ltd. (Nasdaq:CTRP).

S&P Dow Jones Indices Announces Quarterly Index Reviews

Date 13/07/2012

S&P Dow Jones Indices Canadian Index Operations announces the following index changes as a result of the quarterly S&P/TSX Preferred Share Index and S&P/TSX Venture Select Index Reviews.  

SEC Staff Publishes Final Report On Work Plan For Global Accounting Standards

Date 13/07/2012

The Securities and Exchange Commission’s Office of the Chief Accountant today published its final staff report on the Work Plan related to global accounting standards.

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues Time-Limited No-Action Relief To Certain CPOs And CTAs to Meet Registration And Compliance Obligations - Entities have Until December, 31, 2012, to Comply with Changes to Part 4 of the Commission’s Regulations Involving Registration and Compliance Obligations for CPOs and CTAs

Date 13/07/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today announced the issuance of time-limited no-action relief for commodity pool operators (CPOs) and commodity trading advisors (CTAs) who have been exempt or excluded from registration but, because of recent amendments to Commission Regulations 4.13 and 4.5, now need to register and satisfy compliance obligations.

New York Fed Responds To Congressional Request For Information On Barclays LIBOR Matter - Documents

Date 13/07/2012

Attached are materials related to the actions of the Federal Reserve Bank of New York (“New York Fed”) in connection with the Barclays-LIBOR matter.  These include documents requested by Chairman Neugebauer of the U.S. House of Representatives, Committee on Financial Services, Subcommittee on Oversight and Investigations. Chairman Neugebauer requested all transcripts that relate to communications with Barclays regarding the setting of interbank offered rates from August 2007 to November 2009. Please note that the transcript of conversations between the New York Fed and Barclays was provided by Barclays pursuant to recent regulatory actions, and the New York Fed cannot attest to the accuracy of these records. The packet also includes additional materials that document our efforts in 2008 to highlight problems with LIBOR and press for reform. We will continue to review our records and actions and will provide updated information as warranted.

CFTC Approves New Financial Rules Submitted By The National Futures Association To Strengthen The Protection Of Customer Funds Held By Futures Commission Merchants

Date 13/07/2012

The Commodity Futures Trading Commission (Commission or CFTC) today approved new financial rules submitted by the National Futures Association (NFA) that enhance protections to customer funds held by futures commission merchants (FCMs). The new financial rules are set forth in NFA Financial Requirements Section 16, and an Interpretive Notice entitled “NFA Financial Requirements Section 16 FCM Financial Practices and Excess Segregated Funds/Secured Amount Disbursements.”

AMF Publishes 2012 Edition Of Risknd Trend Mapping For Financial Markets And Savings

Date 13/07/2012

For  the  sixth  year  running,  the  AMF  has  reviewed  key  market  trends,  changes  to  marketorganisation and structure, and developments in saving and collective investment, as well as the potential consequences for business financing and investor protection.