News Centre

High Inflation Calls For Timely And Decisive Central Bank Action: BIS

Date 26/06/2022

• Timely and decisive action by central banks is needed to restore low and stable inflation while limiting the hit to growth and safeguarding financial stability.
• The risk of stagflation looms over the global economy as the threat of a new inflation era coincides with a weaker outlook for growth and elevated financial vulnerabilities.
• Policymakers must press ahead with reforms to support long-term growth and lay the groundwork for more normal fiscal and monetary policy settings.

The Saudi Exchange Company And The Securities Clearing Center Company (Muqassa) Announce The Approval Of The Amended Derivatives Exchange Trading And Membership Procedures And The Amended Clearing Procedures In Light Of Launching The Single Stock Futures Product

Date 26/06/2022

In reference to the Saudi Exchange announcement on the launch of the Single Stock Futures Product starting from 5\12\1443H corresponding to 4\7\2022G, The Saudi Exchange Company announces that its Board has issued its resolution number (14-2021) dated 6/10/2021G approving the following:

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Visit To Turkey

Date 25/06/2022

Deputy Secretary of the Treasury Wally Adeyemo traveled to Turkey on June 22-24 to engage the NATO Ally and partner on Turkish and regional economic issues, combatting terrorist financing, and Russia’s war against Ukraine. 

NGX Reaffirms Commitment To Build Innovative Structures Towards SMEs Funding

Date 25/06/2022

Nigerian Exchange Limited (NGX), has restated its determination to provide SMEs access to investors, seeking viable returns on investments. The Chief Executive Officer, NGX, Temi Popoola made this disclosure during his keynote address at the 2022 Annual Business Luncheon organised by the Capital Market Solicitors Association on Thursday, 23 June 2022, at Radisson Blu Hotel, Lagos.

BIS Announces Renminbi Liquidity Arrangement

Date 25/06/2022

• The Renminbi Liquidity Arrangement (RMBLA) will provide liquidity through a reserve pooling scheme to participating central banks from the Asia-Pacific region
• The RMBLA is a strong addition to existing BIS liquidity facilities

19th Consecutive Nasdaq Closing Cross Sets Record For Number Of Shares Traded During 2022 Russell US Indexes Reconstitution

Date 24/06/2022

Nasdaq, Inc. (Nasdaq: NDAQ) today announced the Nasdaq Closing Cross had a record day as it was used for the 19th consecutive year to rebalance Nasdaq-listed securities in the entire family of Russell US Indexes, part of leading global index provider FTSE Russell, during its annual reconstitution.

Treasury Statement Following IMF Article IV Consultation

Date 24/06/2022

Earlier today, Secretary of the Treasury Janet L. Yellen met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss this year’s Article IV consultation with the United States.  Secretary Yellen reiterated the importance of frank and thorough assessments of all IMF member economies through the annual surveillance process, especially as countries deal with the effects of Russia’s war against Ukraine and the COVID-19 pandemic.  They discussed the key economic priorities of the Biden Administration and outlook for the U.S. economy.  They also discussed the need to respond effectively to ongoing supply chain disruptions from the pandemic and Putin’s unjustified war of aggression.

NGX, GRI, PRI Set To Host Webinar On Responsible Investing

Date 24/06/2022

Nigerian Exchange Limited (“NGX” or “the Exchange”), in collaboration with Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) is set to host a webinar on the role of ESG metrics and data in enabling responsible investing, on Wednesday, 29 June 2022, at 11:00am (WAT).

Nadex Clarifies Fee Schedule

Date 24/06/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(a) 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”), Nadex submitted notice to the Commission that is intends to clarify an amendment made to its Fee Schedule in its self-certification submission (number 2205-0917-2303-54), submitted on May 9, 2022. Nadex is amending language in the Fee Schedule to clarify that a successful initial deposit is required for Membership, however, the deposit need no the of any specified amount. This language reflects that of Nadex Rule 3.1(b) which was also amended in the same submission.

CFTC Commitments Of Traders Reports Update

Date 24/06/2022

The current reports for the week of June 21, 2022 are now available.