News Centre
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EGX Adopts Regulatory Amendments For Its SMEs Platform
Date 12/10/2020
The Egyptian Exchange’s (EGX) adopted amendments in the regulations of its SME platform to be presented to the Financial Regulatory Authority (FRA) for approval. These amendments are within the framework of EGX management’s policy for the development of the SMEs market in a way that contributes to companies’ growth and expansion and in accordance with the comprehensive development strategy formulated with the relevant market parties conducted in coordination with the European Bank for Reconstruction and Development (EBRD).
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As Part Of Preparations To Launch The Platform On 18 October: Dubai Financial Market Collaborates With 14 Leading Companies As “Launch Partners” Of Its Planned Equity Futures Platform
Date 11/10/2020
- Ten brokerage firms registered as equity futures members, while four companies support the platform as technology and data providers
- Hassan Al Serkal: “Brokerage firms’ enthusiasm to join the market underlines investors’ growing demand for new asset classes”
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On The Occasion Of The International Investor Week, Amman Stock Exchange Implements The Bell Ringing Event And Launches A Number Of Activities With The Aim Of Spreading Financial Education
Date 11/10/2020
On Sunday, 11 October 2020, the Amman Stock Exchange (ASE) hosted the celebration of “Ring the Bell” for Financial Literacy initiative along with a number of global financial markets, to celebrate the World Investor Week, launched by the International Organization of Securities Commission (IOSCO) and the World Federation of Exchanges (WFE) with the aim of promoting investment awareness efforts and protecting Investors' rights.
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Moscow Exchange: Trading In US Stocks On 12 October
Date 10/10/2020
On 12 October 2020, MOEX will not trade US stocks due to celebration of Columbus Day in the United States.
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Keurig Dr Pepper Inc. To Join The NASDAQ-100 Index Beginning October 19, 2020
Date 10/10/2020
Nasdaq (Nasdaq: NDAQ) today announced that Keurig Dr Pepper Inc. (Nasdaq: KDP), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) prior to market open on Monday, October 19, 2020. Keurig Dr Pepper Inc. will replace Western Digital Corporation (Nasdaq: WDC) in the NASDAQ-100 Index® and the NASDAQ-100 Equal Weighted Index. Western Digital Corporation will be also be removed from the NASDAQ-100 Technology Sector Index (Nasdaq: NDXT) prior to market open on Monday, October 19, 2020. Keurig Dr Pepper Inc. will be considered for addition to the NASDAQ-100 Ex-Technology Index (Nasdaq: NDXX) at the next quarterly rebalancing.
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ISDA Board Statement On The IBOR Fallbacks Supplement And Protocol
Date 09/10/2020
ISDA today published a statement from its Board of Directors on the forthcoming launch of the IBOR Fallbacks Supplement and IBOR Fallbacks Protocol.
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Nadex Launches “Predict The Dow” Promotion
Date 09/10/2020
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”) submitted to the Commission on October 9, 2020 its intent to launch a “Predict the Dow” Promotion from October 26, 2020 through November 4, 2020. Eligible participants with an open Demo account may submit one entry by November 2, 2020 which predicts the expiration value of the Nadex Daily Wall Street 30 contract at 4:15pm ET on November 4, 2020. The Nadex Daily Wall Street 30 contract expiration value will be calculated using Nadex’s standard expiration value calculation process. The participant who most accurately predicts the expiration value will win $5,000. The full Terms and Conditions of the Promotion are attached, and will be included in the promotional materials, as well as the landing page where participants will submit their predictions.
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CFTC Staff Extends No-Action Relief From The Execution Requirement For Swaps In Certain Types Of Package Transactions
Date 09/10/2020
The Division of Market Oversight (DMO) of the Commodity Futures Trading Commission today extended no-action relief for swaps executed as part of a package transaction in the categories described below. This extension will enable DMO to continue to assess the appropriate response for applying the trade execution requirement to swaps in certain types of package transactions. This no-action relief will expire on the earlier of: (i) 11:59 pm (EDT) November 15, 2022, or (ii) the applicable effective date or compliance date of a CFTC action, including without limitation a rulemaking or order, that provides a permanent solution.
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Nadex Refrains From Listing Certain Contracts
Date 09/10/2020
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:
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No EUR/JPY, GBP/JPY, GBP/USD or USD/CAD 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date October 5, 2020.
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No GBP/JPY, GBP/USD or USD/CAD 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date October 6, 2020. Additionally, no GBP/JPY or GBP/USD 5 Minute contracts were listed for the 6:10pm ET expiration on this day.
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No EUR/JPY, EUR/USD, GBP/JPY 5-Minute contracts were listed for the 6:05pm ET or 6:10pm ET expiration times on trade date October 8, 2020. Additionally, no GBP/USD 5 Minute contracts were listed for the 6:10pm ET expiration on this day.
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No GBP/JPY or GBP/USD 5-Minute contracts were listed for the 6:05pm ET or 6:10pm ET expiration times on trade date October 9, 2020.
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Office Of The Comptroller Of The Currency: Bank Secrecy Act/Anti-Money Laundering: Revised Order Granting Exemption From Customer Identification Program Requirements For Premium Finance Lending
Date 09/10/2020
Summary
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies), with the concurrence of the Financial Crimes Enforcement Network (FinCEN), today issued a revised order granting an exemption from the requirements of the customer identification program rules implementing section 326 of the USA PATRIOT Act for certain loans. The affected loans are those extended by banks1 and their subsidiaries under the jurisdiction of the agencies to customers to facilitate purchases of property and casualty insurance policies referred to as insurance premium finance lending or premium finance loans. This revised order extends the customer identification program exemption for premium finance loans to all customers of banks.
