News Centre

Acuiti Derivatives Insight Report: Bank Revenue Rises Sharply In December - Banks End The Year On A High And Confidence Increases. But Conditions Remain Tough For Some Market Segments.

Date 22/01/2020

Banks reported another strong month of revenue growth in December ending the year on a high, while non-bank FCMs continued to experience tougher market conditions, the latest Acuiti Derivatives Insight Report has found.

LumApps Raises $70 Million In Series C Funding Led By Goldman Sachs - Financing Round Underscores Platform’s Impact On Helping Companies Accelerate Workforce Productivity By Centralizing Employee Communications, Workflows And Applications

Date 22/01/2020

LumApps, a leading Software as a Service provider of cloud-based enterprise communication solutions, today announced a $70 million Series C funding round, bringing the company's total amount raised to around $100 million. New investor Goldman Sachs Growth led the round with participation from Bpifrance, through its Growth Fund Large Venture, alongside Idinvest Partners, Iris Capital, and Famille C.

Results Of The 3rd Shanghai Stock Exchange Appraisal Of Excellent Options Lecturers, Advisors And Top 100 Stock Options Business Branches In 2019 Unveiled

Date 22/01/2020

During the fifth anniversary of the launch of SSE 50 ETF options, in order to implement the requirements of the China Securities Regulatory Commission (CSRC) for strengthening cultural development in the securities and fund industry, promote the application of stock options in risk management of assets, and encourage options participants to make effective efforts in investor education, the Shanghai Stock Exchange (SSE) carried out from December 2019 to January 2020 the third SSE appraisal of "Outstanding Options Lecturers" and “Excellent Options Investment Advisors” as well as the SSE selection of “Top 100 Stock Options Business Branches in 2019”. The winners in each appraisal are hereby announced in the attachment (in no particular order).

Bursa Malaysia And Maybank Join The Bloomberg Gender-Equality Index, Recognizing Commitment To Advancing Women In The Workplace

Date 22/01/2020

Bloomberg today announced that Bursa Malaysia Berhad (“Bursa Malaysia”) and Maybank have joined the 2020 Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women’s equality. Bursa Malaysia was included in the index for the first time while Maybank has been in the GEI since 2018.

China's Ministry Of Science And Technology, Shanghai Stock Exchange Sign MOU On Deepening FinTech Integration, Supporting Innovation-driven Development

Date 22/01/2020

On December 26, 2019, the Ministry of Science and Technology (MOST) and the Shanghai Stock Exchange (SSE) signed a cooperation memorandum of understanding (MOU) on jointly promoting the healthy development of the SSE STAR Market and strengthening support for major national tasks in innovation. Witnessing the signing ceremony were Li Meng, member of the Party Leadership Group and vice minister of the MOST, and Huang Hongyuan, Party chief and chairman of the SSE. At the same time, the MOST and the SSE jointly held a forum for the enterprises of scientific and technological innovation to solicit opinions and suggestions on promoting the healthy and rapid development of the SSE STAR Market and the directions of scientific and technological innovation for the national “14th Five-Year Plan”, etc.

Zhengzhou Commodity Exchange: Notice On Adjustments To Margins And Price Limits During 2020 Spring Festival

Date 22/01/2020

According to Article 9 of the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits during the 2020 Spring Festival holiday as follows:

1. From the settlement on January 22, 2020, margins and price limits of each product (Rapeseed futures excluded) will be adjusted to 9% and 7% respectively.
2. Trading will be resumed on January 31, 2020. Margins and price limits of each product will be restored to the previous levels from the settlement of the first trading day on which limit-locked market does not occur on the contract with the largest open interest of such product.

CFTC Orders Australian Company To Pay $1 Million For Spoofing

Date 22/01/2020

The Commodity Futures Trading Commission today issued an order filing and settling charges against Propex Derivatives Pty Ltd, a proprietary trading firm headquartered in Australia, for spoofing in the Chicago Mercantile Exchange E-mini S&P 500 futures market. The order finds that Propex, through a former trader, engaged in spoofing from at least July 2012 through March 2017, causing $464,300 in market losses.   

US Department Of Justice: Propex Derivatives Pty Ltd Agrees To Pay $1 Million In Connection With Spoofing Scheme

Date 22/01/2020

Propex Derivatives Pty Ltd (Propex), a Sydney, Australia-based proprietary trading firm, has entered into a resolution with the Department of Justice to resolve criminal charges related to a spoofing scheme involving thousands of instances of unlawful trading activity in U.S. commodities markets by a former Propex trader, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Special Agent in Charge Emmerson Buie Jr. of the FBI’s Chicago Field Office.

Cboe Publishes Vision For Equity Market Structure Reform - Cboe Calls For Market Structure Modifications That Continue To Benefit Investors And Strengthen Markets, And Do Not Endanger What Is Already Working Well

Date 21/01/2020

Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today unveiled "Cboe's Vision: Equity Market Structure Reform," which proposes recommendations to U.S. equity market structure that it believes would further strengthen markets and enhance the overall trading environment for long-term investors without potentially causing harm to today's well-functioning markets.  The proposal extends from Cboe's active pursuit of defining fair and transparent markets that benefit all participants, and reflects the company's long-standing commitment to strategic and proactive leadership in market structure advocacy.

ISDA Interest Rate Benchmarks Review: Full Year 2019 And The Fourth Quarter Of 2019

Date 21/01/2020

The ISDA Interest Rate Benchmarks Review analyzes trading volumes of interest rate derivatives (IRD) transactions in the US referencing the Secured Overnight Financing Rate and other selected alternative risk-free rates, including the Sterling Overnight Index Average, the Swiss Average Rate Overnight, the Tokyo Overnight Average Rate and the Euro Short-Term Rate. In addition, the report analyzes IRD traded notional referencing the London Interbank Offered Rate denominated in US dollars, sterling, Swiss franc, yen, euro, as well as EURIBOR and TIBOR.