News Centre

NZX Amendment To Block Trade Thresholds

Date 19/10/2011

Part C of “Appendix One: Key Contract Information” of the NZX Limited Derivatives Market Procedures (“Procedures”) currently specifies the Minimum Volume Thresholds for the Block Trading Facility as 250 Lots for each of Contract No. 1 Global Whole Milk Powder (WMP) Futures, Contract No. 2 Global Anhydrous Milk Fat (AMF) Futures and Contract No. 3 Global Skim Milk Powder (SMP) Futures (“the Futures Contracts”). This Minimum Volume Threshold will be lowered to 50 Lots, with effect from 26 October 2011.

Japan's Financial Services Agency Publishes Newsletter No.98

Date 19/10/2011

Click here to downloa FSA Newsletter No. 98.

Bursa Malaysia Reprimands, Fines And Orders To Strike Off Mohd Zahir Abd Manan For Engaging In Unlawful And Unethical Trading Activities

Date 19/10/2011

Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded, imposed a fine of RM60,000 and ordered to strike off Mohd Zahir bin Abd Manan (Mohd Zahir) from the Register as a Dealer’s Representative (DR) for engaging in unlawful and unethical trading activities in the securities of H-Displays (MSC) Berhad (HDISPLAYS) and HDM-Carlaw Corporation Berhad (CARLAW).

SIFMA Statement On CFTC Position Limits

Date 19/10/2011

Tim Ryan, President and CEO of SIFMA, today issued the following statement on the final regulations for position limits for futures and swaps issued today by the Commodity Futures Trading Commission:

Goldman Sachs Reports Third Quarter Loss Per Common Share Of $0.84

Date 18/10/2011

The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $3.59 billion and a net loss of $393 million for the third quarter ended September 30, 2011. The diluted loss per common share was $0.84 compared with diluted earnings per common share of $2.98 for the third quarter of 2010 and $1.85 for the second quarter of 2011.

Federal Reserve Board: Minutes Of Board Discount Rate Meetings From August 22 Through September 19

Date 18/10/2011

The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from August 22 through September 19, 2011.

European Parliament: Crack Down On Short Selling And Sovereign Debt Speculation

Date 18/10/2011

Lead MEPs and the Polish Presidency on Tuesday clinched a deal on the regulation beefing up standards and requirements for the practices of short selling and trading in credit default swaps (CDS), a financial product insuring against default. The rules will impose much more transparency, increase the powers of the EU's financial watchdog and virtually ban certain CDS trades, thereby making speculation on a country's default more difficult.

SEC Halts Scheme Involving Investments To Purportedly Help Homeowners Restructure Mortgages

Date 18/10/2011

The Securities and Exchange Commission today announced that it has obtained an emergency court order to freeze the assets of a Texas resident and his company charged with falsely telling investors he was using their money to buy and restructure pools of non-performing home mortgages in the wake of the housing market’s decline.

Standard & Poor's Announces Changes In The S&P/TSX SmallCap And Global Mining Indices

Date 18/10/2011

Standard & Poor's will make the following changes in the S&P/TSX SmallCap and Global Mining Indices:

Shareholders of Western Copper Corporation (TSX:WRN) approved on October 3, 2011, the Plan of Arrangement whereby the company will spin out certain copper interests to shareholders. For every 2 shares of Western Copper held, shareholders will receive 1 share of a new company named Copper North Mining Corp. and 1 share of a new company named NorthIsle Copper and Gold Inc. Copper North and NorthIsle Copper will trade on TSX Venture Exchange for the first time (the ex-date of the spin-off) on October 20, 2011, under the ticker symbols "COL" and "NCX" respectively. The spun out shares of Copper North and NorthIsle Copper will be added at zero price to the S&P/TSX SmallCap and Equity SmallCap, the S&P/TSX Global Mining and Global Base Metals and the S&P/TSX Equal Weight Global Base Metals Indices after the close of trading on Wednesday, October 19, 2011.

SEC Charges Former CEO In Tulsa With Misleading Investors About Liquidity Risks

Date 18/10/2011

The Securities and Exchange Commission today charged the co-founder of a Tulsa-based energy company with misleading investors in one of its subsidiaries about liquidity risks they faced from his energy trading.