News Centre
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Statement Of CFTC Commissioner Dan M. Berkovitz Regarding The CFTC Staff Report On The Trading Of Nymex WTI Crude Oil Futures Contracts On And Around April 20, 2020
Date 24/11/2020
The Report issued today (November 23, 2020) by the CFTC Staff, “Interim Staff Report: Trading in NYMEX WTI Crude Oil Futures Contract Leading up to, on, and around April 20, 2020” (Report) is incomplete and inadequate. The Report fails to determine the cause of the unprecedented plunge in the price of the WTI futures contract and divergence from physical markets on April 20, the penultimate day of trading in the May contract. Rather, it provides a general recitation of economic conditions in the weeks and days leading up to April 20, and offers only aggregated statistics regarding trading on that day. Unfortunately, this Report does not provide the public with an adequate explanation for the extraordinary price collapse on April 20.
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CFTC: Technology Advisory Committee To Meet On December 14
Date 23/11/2020
The Technology Advisory Committee (TAC) announced today that it will hold a public meeting on Monday, December 14, 2020, via teleconference in accordance with the agency’s implementation of social distancing due to the COVID-19 (coronavirus) pandemic. CFTC Commissioner Brian Quintenz is the sponsor of the TAC.
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SEC Issues Statement On European Central Counterparties Seeking To Register Or Request Exemptions From The SEC
Date 23/11/2020
The Securities and Exchange Commission today issued a Policy Statement and Guidance focused on central counterparties (CCPs) authorized under the European Markets Infrastructure Regulation (EMIR) that may seek to access and operate in the U.S. securities markets. The Statement provides transparency into the Commission’s processes and highlights efficient ways that CCPs based in the European Union (EU) can register as a clearing agency or request exemptions from certain requirements under the Securities Exchange Act of 1934.
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CFTC Staff Publishes Interim Report On NYMEX WTI Crude Contract Trading On And Around April 20, 2020
Date 23/11/2020
Staff of the Commodity Futures Trading Commission’s Division of Market Oversight (DMO) and Office of the Chief Economist (OCE) today published an interim report regarding the circumstances leading up to, on, and around April 20, 2020 for the West Texas Intermediate Light Sweet Crude Oil futures contract (WTI Contract) traded on the New York Mercantile Exchange (NYMEX).
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SEC Charges E-Commerce Startup And CEO With Defrauding Investors
Date 23/11/2020
The Securities and Exchange Commission today charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands.
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Nigerian Breweries Engages Market Stakeholders With A Facts Behind The Figures Presentation
Date 23/11/2020
The Nigerian beer market appears to have rebounded after the first impact of COVID-19. While the sector remains under pressure, fundamentals are quite attractive with a high growth potential. This was highlighted at the Nigerian Breweries Plc Facts Behind the Figures hosted by The Nigerian Stock Exchange (NSE or The Exchange) on Monday, 23 November 2020.
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Moscow Exchange: Risk Parameters Change For The Security XOM-RM
Date 23/11/2020
As per the Securities market risk parameters methodology, on 23.11.2020, 22-59 (MSK) the upper bound of the price band (up to 3115) and initial margins (up to 17.5 %) for the security XOM-RM were changed. New values are available here
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DTCC Launches Pilot Program For New Insurance Information Exchange (IIEX) Platform - IIEX To Transform The Way Clients Consume And Leverage Insurance Data
Date 23/11/2020
The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced a client pilot program for its new Insurance Information Exchange (IIEX) service, a transformative new platform that will help clients turn massive quantities of insurance data and information across 15.6 million policy records into actionable insights. The pilot program is backed by a consortium of industry-leading insurance carriers and distribution partners who are collaborating with DTCC on the development of the service.
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SIFMA Issues Whitepaper On Digital Security Tokens
Date 23/11/2020
SIFMA today issued a whitepaper titled “Security Tokens: Current Regulatory and Operational Considerations for Broker-Dealers and a Look Towards the Future.” The paper, which was co-authored by SIFMA and PricewaterhouseCoopers LLP, provides a foundational understanding of how distributed ledger technology (DLT) and digital assets such as security tokens interplay with the current securities market. It also describes the key operational challenges faced by U.S. broker-dealers hoping to adopt this technology and recommends where regulatory clarity would be helpful in addressing these challenges. SIFMA developed the whitepaper in collaboration with its member working groups, and determined and identified the activities, requirements, and considerations for market participants engaging in operationalizing security tokens.
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Ontario Securities Commission Publishes Updated Service Standards
Date 23/11/2020
The Ontario Securities Commission (OSC) today published an updated Service Commitment, which provides investors, registrants and market participants with added transparency on the standards and timelines they can expect when interacting with the OSC.
