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Dubai Gold & Commodities Exchange Weekly Market Commentary - March 4, 2011

Date 06/03/2011

Welcome to the Weekly Market Commentary from DGCX, providing you with a snapshot of what’s happening in the energy, precious metal and currency futures markets.

Continuation Of Suspension Of Trading On Egyptian Exchange

Date 06/03/2011

Due to the latest developments in Egypt and after discussions between the Egyptian Exchange (EGX), the Egyptian Financial Supervisory Authority (EFSA), Misr for Central Clearing, Depository and Registry (MCDR) as well as market participants and brokerage firms. EGX decided to suspend trading on Sunday, 6th of March. Resuming of trading will be decided following the discussions with Egypt's new Prime Minister.

Official Holiday For Qatar Exchange On Sunday March 6th 2011

Date 06/03/2011

Qatar Exchange would like to inform the brokers, investors and all concerned parties, that Sunday March 6^th 2011 will be an official holiday for Qatar Exchange. This is in compliance with the Council of Ministers’ Resolution No. (33) of 2009, considering the first Sunday of March every year as an official holiday to Qatar Central Bank,  banks and  financial institutions regulated by Qatar Central Bank, Qatar Financial Markets Authority (QFMA) and Qatar Exchange.

NASDAQ Dubai Explains Benefits Of Proposed New Listing Rules At Latham & Watkins-Moderated Seminar

Date 06/03/2011

Bankers and other IPO advisors attended a packed seminar at which NASDAQ Dubai explained the benefits of its proposed new rules for listing companies, including small and medium enterprises (SMEs).

British Bankers' Association Statement On Remarks By The Bank Of England Governor

Date 05/03/2011

Angela Knight, chief executive, British Bankers' Association, said:

"We view the Governor with the highest respect, but in this instance there are a number of points with which we disagree.

Arizona Federal Court Imposes More Than $1.1 Million In Restitution And Monetary Sanctions On Helmut H. Weber, Charged With Fraud And Misappropriation In Foreign Currency Scheme

Date 05/03/2011

The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court order imposing more than $1.1 million in restitution and civil monetary penalties on Helmut H. Weber, of Scottsdale, Ariz., for operating a fraudulent off-exchange foreign currency (forex) scheme from at least June 2008 through January 2009. The final default judgment order, entered by Judge David G. Campbell of the U.S. District Court for the District of Arizona, requires Weber to pay $287,000 in restitution to defrauded customers and a $861,000 civil monetary penalty. 

Tennessee Federal Court Imposes More Than $49.7 Million In Monetary Sanctions On Dennis R. Bolze And His Company, Centurion Asset Management, Inc. For Fraud And Misappropriation In Commodity Pool Ponzi Scheme - Bolze Was Sentenced To 27 Years, 3 Months Imprisonment In A Criminal Proceeding For The Same Fraudulent Scheme

Date 04/03/2011

The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court order imposing more than $49.7 million restitution and civil monetary penalties on defendants Dennis R. Bolze of Gatlinburg, Tenn., and his Las Vegas-based company, Centurion Asset Management, Inc. (Centurion). The order requires the defendants jointly and severally to pay $13,061,358.00 in restitution to defrauded investors and a $36,664,863.51 civil monetary penalty.

BM&FBOVESPA Announces February 2011 Market Performance

Date 04/03/2011

• Record total and daily average number of trades in the Bovespa segment
• Record co-location trading in the Bovespa segment
• Record number of securities lending transactions
• Record volume of hydrous ethanol contracts traded
• Record number of trades and financial volume for ETFs

TMX Group To Speak At PDAC On The Proposed London Stock Exchange Group Alliance

Date 04/03/2011

Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group, will be speaking Monday at the Prospectors and Developers Association of Canada's (PDAC) International Convention in Toronto. The topic of Mr. Cowan's presentation will be the proposed merger with London Stock Exchange Group and the benefits to the Canadian mining sector.

NGX Physical Crude Markets Begin Trading On ICE Platform

Date 04/03/2011

Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group Inc., today announced that its physical crude products are now available for trading on IntercontinentalExchange Inc.'s (ICE) electronic trading platform, WebICE. ICE is a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets.