News Centre

Nadex Temporarily Amends Binary Contracts Strike Width

Date 30/09/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of September 26, 2022 as indicated in the Weekly Notice.

The 2022 ISDA Securities Financing Transactions Definitions: Current And Future Use Cases

Date 29/09/2022

On February 28, 2022, ISDA published the 2022 ISDA Securities Financing Transactions Definitions and related documents. The new documentation allows firms to enter into derivatives and SFTs under a single ISDA Master Agreement. The publication followed an ISDA October 2020 whitepaper that detailed a proposal to standardize documentation across repos and stock loans (securities financing transactions (SFTs)) and derivatives.

National Adjudicatory Council Enhances FINRA’s Sanction Guidelines - Revisions To The Sanction Guidelines Create New Fine Ranges Specific To Firm Sizes And Individuals, Reflect FINRA’s Enforcement Priorities

Date 29/09/2022

FINRA announced today that the National Adjudicatory Council (NAC) has made significant improvements to the Sanction Guidelines to ensure that they accurately reflect the levels of sanctions imposed in FINRA disciplinary proceedings and serve as an efficient resource for member firms, individuals and adjudicators.

Mutual Fund Dealers Association Of Canada And IIROC Members Approve The Creation Of A Single New SRO

Date 29/09/2022

Members of the Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC) have passed a special resolution approving the amalgamation of the two self-regulatory organizations (SROs).

FTSE Russell Announces The Results Of Its 2022 Annual Country Classification Review For Equities And Fixed Income

Date 29/09/2022

• Mongolia will be reclassified as a Frontier market effective from September 2023
• South Korea added to the Watch List for potential inclusion in the FTSE World Government Bond Index (WGBI)
•  India retained on the Watch List for potential inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI)
• Ugandan government bonds will be added to the FTSE Frontier Emerging Markets Government Bond Index (FRNTEMGBI) effective from April 2023 index profiles

CFTC Orders Designated Contract Market To Pay $6.5 Million For System Safeguard, Reporting, And False Statement Violations

Date 29/09/2022

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against CX Futures Exchange, L.P. (CX), a designated contract market headquartered in New York, N.Y., for violations of the Commodity Exchange Act (CEA) and CFTC regulations relating to system safeguards, swap reporting, option reporting, and a giving a false statement to the CFTC.

Runoff Election Needed To Determine Winner Of CalPERS Board Retired Member Seat - Ballots To Be Mailed November 4; Voting Deadline Is December 5

Date 29/09/2022

A runoff election will be held to determine the winner of the CalPERS Board’s retiree seat after no candidate received a majority of the votes cast in the primary election.

Report From FINRA Board Of Governors Meeting – September 2022 - Board Approves Rulemaking Items, Hosts Securities And Exchange Commission Officials

Date 29/09/2022

FINRA’s Board of Governors held its fourth meeting of the year—the first with Eric Noll as Chair—on Sept. 21-22 in New York. The Board approved two rulemaking items and continued its engagement with key stakeholders by hosting officials from the Securities and Exchange Commission (SEC).

Barclays Agrees To A $361 Million Settlement To Resolve SEC Charges Relating To Over-Issuances Of Securities

Date 29/09/2022

The Securities and Exchange Commission today charged Barclays PLC and Barclays Bank PLC (BBPLC) in connection with the unregistered offer and sale of an unprecedented amount of securities due to a failure to implement any internal control to track such transactions in real time. Both firms restated their year-end 2021 audited financial statements filed with the Commission as a result of the over-issuances and internal control failure. The firms agreed to pay a $200 million civil penalty and the SEC additionally ordered BBPLC to pay disgorgement and prejudgment interest of more than $161 million, which was deemed satisfied by an offer of rescission BBPLC made to investors in the unregistered offerings.

Nadex Product Schedule For The Chinese National Daily Golden Week Holidays During The Week Of October 3, 2022

Date 29/09/2022

Due to the Chinese holidays from Monday, October 3, 2022 through Friday, October 7, 2022 for National Day Golden Week, no China 50 contracts will be listed for the week of October 3, 2022.