News Centre

Nigerian Exchange: Deputy British High Commissioner Engages Capital Market Stakeholders

Date 18/04/2021

The Deputy British High Commissioner, Lagos, Mr. Mr Ben Llewellyn-Jones OBE, leveraged the Nigerian Exchange (NGX) Limited’s virtual Closing Gong Ceremony to engage capital market stakeholders on Friday, 16 April 2021. Mr. Llewellyn-Jones was given the privilege to sound the virtual gong to bring the day’s trading activities to a close.

Gary Gensler Sworn In As Member Of The SEC

Date 17/04/2021

Gary Gensler was sworn into office today as a Member of the Securities and Exchange Commission by U.S. Senator Ben Cardin. He was nominated to Chair the SEC by President Joseph R. Biden on February 3, 2021 and confirmed by the U.S. Senate on April 14, 2021.

Nadex Refrains From Listing Certain Contracts

Date 16/04/2021

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No EUR/JPY, GBP/JPY or GBP/USD 5-Minute contracts were listed for the 6:05pm - 6:15pm ET expiration times on trade date April 12, 2021; additionally, no USD/CAD 5-Minute contracts were listed for the 6:10pm ET expiration time on that day;

• No GBP/JPY or GBP/USD 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date April 16, 2021.

SIFMA Welcomes Introduction Of The LIFT Act

Date 16/04/2021

 SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the introduction of the Local Infrastructure Financing Tools (LIFT) Act:

Effective April 19, 2021 Through April 23, 2021, MIAX Options And MIAX Emerald Options 2X Opening And Intraday Valid And Priority Quote Spread Relief In All Symbols

Date 16/04/2021

Issue Symbol: All Symbols
Multiplier: 2X
Reason: In maintenance of a fair and orderly market.
Time: Opening and Intraday
Subject Summary: Please be advised, effective April 19, 2021 through April 23, 2021, the MIAX Regulation Department has granted 2 times opening and intraday quote parameter relief for all symbols on MIAX Options and MIAX Emerald Options. 

Readout: US Treasury Secretary Yellen And Deputy Treasury Secretary Adeyemo’s Meeting With Environmental Organizations On Corporate Tax Reform

Date 16/04/2021

Today, Secretary Yellen and Deputy Secretary Wally Adeyemo met virtually with a group of environmental organizations to discuss President Biden’s Made in America tax plan, including how it would leverage the corporate tax system to help address climate change. Attendees at today’s roundtable discussion included Center for American Progress, Corridor Partners, Environmental Defense Fund, Friends of the Earth, League of Conservation Voters, Moms Clean Air Force, National Wildlife Federation, Natural Resources Defense Council, NextGen America, and Sierra Club.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 16/04/2021

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 volatility 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 April 12, 2021 as indicated in the Weekly Notice. 

SEC Staff Statement On Fully Paid Lending, Division Of Trading And Markets Staff

Date 16/04/2021

On October 22, 2020, Commission staff issued a no-action letter regarding the broker-dealer customer protection rule, Exchange Act Rule 15c3-3, in relation to certain fully-paid lending programs operated by some broker-dealers.  Rule 15c3-3(b)(3) requires broker-dealers entering into agreements with their customers who lend the broker-dealers’ fully-paid or excess margin securities to provide the securities lenders with collateral that fully secures the loans.  Staff’s letter stated that the staff would not recommend enforcement action to the Commission regarding these programs for six months from issuance of the letter, or until April 22, 2021, to give firms time to come into compliance with the Rule.

CFTC Commitments Of Traders Update

Date 16/04/2021

The current reports for the week of April 13, 2021 are now available.

SEC Reopens Comment Period For Universal Proxy

Date 16/04/2021

The Securities and Exchange Commission today voted to reopen the comment period on the proposed rules for the use of universal proxy cards in all non-exempt solicitations for contested director elections.