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  • US Justice Department Announces Addendum To Swiss Bank Program Category 2 Non-Prosecution Agreement With Union Bancaire Privée, UBP SA - UBP To Pay Additional $14 Million For Undisclosed Accounts

    Date 02/01/2020

    The Department of Justice announced today that it has signed an addendum to a non-prosecution agreement with Union Bancaire Privée, UBP SA (UBP), a private bank headquartered in Geneva, Switzerland. The original non-prosecution agreement was signed on Jan. 6, 2016. At that time, UBP reported that it held and managed 2,919 U.S. Related Accounts, with assets under management of approximately $4.9 billion, and paid a penalty of $187,767,000. In reaching today’s agreement, UBP acknowledges it should have disclosed additional U.S.-related accounts to the department at the time of the signing of the non-prosecution agreement.

  • MGEX Reports 2019 As The Second-Best Calendar Year In History

    Date 02/01/2020

    MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports 2019 concluded as the second-best calendar year in history with a total of 2,357,996 contracts traded. Accompanied by this achievement, it was also the second-best calendar year for electronic volume with a total of 2,075,531 contracts.   

  • EEX Trading Results In December: Successful Open Interest Transfer Boosts Freight Volumes

    Date 02/01/2020

    In December 2019, the European Energy Exchange (EEX) increased the volume on the Power Derivatives Market by 32% year-on-year to 360.3 TWh (December 2018: 273.7 TWh).

  • Dubai Mercantile Exchange Approves Direct Access USA As A New Clearing Member

    Date 02/01/2020

    Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, today announced the approval of Direct Access USA LLC as a new Clearing Member, to clear and settle trades carried out by its regional and international customers on DME.

  • The Performance Of Amman Stock Exchange During 2019

    Date 02/01/2020

    The Chief Executive Officer of the Amman Stock Exchange (ASE), Mr. Mazen Wathaifi, said that the trading value at the ASE decreased during 2019 reaching JD1.6 billion; a decrease of 31.6%, compared with JD2.3 billion for the year 2018. The number of traded shares reached 1.2 billion shares, traded through 503 thousand transactions, compared with 1.2 billion shares traded during 2018 through 512 thousand transactions