News Centre

CME Group Announces Record Volume As Participation In Aluminum Futures Accelerates

Date 16/09/2022

CME Group, the world's leading derivatives marketplace, today announced that Aluminum Futures average daily volume is up 359% in Q3 to-date from Q1, reaching a record single-day volume of 6,709 contracts on Wednesday, September 14, 2022. 

Nigerian Exchange Weekly Market Report For The Week Ended September 16, 2022

Date 16/09/2022

A total turnover of 719.398 million shares worth N8.004 billion in 17,444 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 949.819 million shares valued at N9.329 billion that exchanged hands last week in 18,525 deals.

Oral Testimony Of Gary Gensler Before The United States Senate Committee On Banking, Housing, And Urban Affairs, SEC Chair Gary Gensler, Washington D.C., Sept. 15, 2022

Date 16/09/2022

Good morning, Chairman Brown, Ranking Member Toomey, and members of the Committee. I’m honored to appear before you today. I’d like to thank this Committee for helping to confirm our two new Commissioners, Mark Uyeda and Jaime Lizárraga.

Readout: US Secretary Of The Treasury Janet L. Yellen Call With UK Chancellor Of The Exchequer Kwasi Kwarteng

Date 16/09/2022

Today, Secretary Yellen spoke with Chancellor of the Exchequer Kwasi Kwarteng of the United Kingdom.  The Secretary offered her deepest condolences on the death of Her Majesty Queen Elizabeth II.  Secretary Yellen highlighted the importance of the longstanding U.S.-UK bilateral relationship and congratulated Chancellor Kwarteng on his appointment.  She discussed shared efforts to hold Russia accountable for its unprovoked and unjustifiable war against Ukraine, including finalizing and implementing a price cap on Russian oil to stabilize global energy prices while denying Russia revenue to fund its brutal war.  The Secretary also raised the importance of addressing Ukraine’s near-term economic assistance needs and working together to support an inclusive international effort to address Ukraine’s future recovery and reconstruction.

CFTC: Federal Court Orders Defendants To Pay More Than $6.6 Million For Defrauding Binary Options Pool Participants

Date 16/09/2022

The Commodity Futures Trading Commission announced that on August 29, the U.S. District Court for the Northern District of Illinois entered a judgment against William Thomas Caniff, a resident of Ohio, and his company, Berkley Capital Management, LLC (BCM), a Wyoming limited liability company with offices in Ohio, and two investment pools that BCM operated as Delaware limited partnerships with offices in Wintersville, Ohio, BBOT 1, LP (BBOT) and Berkley II, LP (Berkley II).

BIS: Inflation Indicators Amid High Uncertainty

Date 16/09/2022

Key takeaways

• In a low-inflation regime, inflation is driven largely by sector-specific price changes, with little effect on price- and wage-setting decisions. Core inflation measures tend to provide more accurate signals than headline measures do. The opposite holds in a high-inflation regime, when price changes become more synchronised across sectors and become more salient to workers and firms.
• Several inflation indicators using more detailed information can shed light on the future course of inflation. However, their usefulness depends on the prevailing inflation regime. They become particularly unreliable during transitions between regimes. Indicators based on mean reversion fare especially poorly.
• There are signals that can help to detect an ongoing transition: drifting inflation expectations, an increase in sectoral price co-movements and spillovers, and a rising pass-through from wages to prices and vice versa. Current readings of such indicators send mixed signals on whether a transition to a highinflation regime is under way.

London Stock Exchange Group: Funeral Of Her Majesty Queen Elizabeth II – Market Update

Date 16/09/2022

London Stock Exchange Group is deeply saddened at the passing of Her Majesty Queen Elizabeth II. We send our sympathies and condolences to His Majesty The King and the Royal Family.

Financial markets continue to operate during the mourning period, however the day of Her Majesty’s funeral, 19 September, 2022, will be a UK bank holiday. 

US Justice Department Announces Report On Digital Assets And Launches Nationwide Network

Date 16/09/2022

The Department of Justice today announced significant actions regarding digital assets, including the public release of its report, pursuant to the President’s March 9 Executive Order on Ensuring Responsible Development of Digital Assets,  on The Role of Law Enforcement in Detecting, Investigating, and Prosecuting Criminal Activity Related to Digital Assets;[1] and the establishment of the nationwide Digital Asset Coordinator (DAC) Network, in furtherance of the department’s efforts to combat the growing threat posed by the illicit use of digital assets to the American public.

CFTC: The Market Risk Advisory Committee To Meet On September 28

Date 16/09/2022

The Market Risk Advisory Committee (MRAC) will hold an in-person public meeting on Wednesday, September 28 from 9:30 a.m. to 12:30 p.m. (EDT) at the Commodity Futures Trading Commission’s Washington, D.C. headquarters.

CaixaBank Becomes The Only European Bank Selected By The ECB To Collaborate In Prototyping The Digital Euro

Date 16/09/2022

• CaixaBank has been selected to develop a mobile application for P2P digital euro payments. 
• The ECB launched a global call for banks and technology companies to participate in the project to which 54 institutions sent their expressions of interest. In addition to CaixaBank, companies Worldline, EPI, Nexi and Amazon were selected.
• CaixaBank was selected based on its extensive experience and leadership in the field of innovation, as well as excellence in the delivery and the quality of its services, internal capacity and market coverage.