News Centre

Dalian Commodity Exchange Implements Brand Delivery System Of Iron Ore Products - Reflecting Changes In Spot Market And Increasing The Representative Of Iron Ore Futures Prices

Date 17/09/2019

Dalian Commodity Exchange (DCE) releases the “Notice on Amendments to Relevant Rules on Implementing Brand Delivery System of Iron Ore Products” on September 12, which specifies the deliverable brands of iron ore products and introduces the brand premiums and discounts on the basis of quality premiums and discounts. The amended rules will enter into force from the launch of Iron Ore Futures Contract 2009. Implementing the brand delivery system will help to set products with the higher market acceptance as target delivery products, thus further increasing the representative of iron ore futures prices.

Announcement Of Shanghai International Energy Exchange On Market Makers For TSR 20 Futures

Date 17/09/2019

Shanghai International Energy Exchange, the subsidiary of Shanghai Futures Exchange, has announced 15 Market Makers for TSR 20 Futures on September 17, 2019 

New Zealand's Financial Markets Authority And Reserve Bank of New Zealand Disappointed With Insurers’ Response To Conduct And Culture Review

Date 17/09/2019

The Reserve Bank of New Zealand (RBNZ) and Financial Markets Authority (FMA) today released their findings on life insurers’ responses to the joint Conduct and Culture Review.

First Off-floor Transactions Executed With Tokyo Commodity Exchange’s New Electricity Futures Contract

Date 17/09/2019

The Tokyo Commodity Exchange announced today the execution of its first off-floor transactions* with its newly launched Electricity Futures contracts. Off-floor volume for the first day is as follows:

East Area Baseload Electricity 　   20  contracts

More Optimized Futures Legal Guarantee Expected In An Open And Diversified Era - Dalian Commodity Exchange (DCE) Holds The 6th Futures Legal Theory & Practice Forum

Date 17/09/2019

DCE holds the “ 6th Futures Legal Theory & Practice Forum” in Dalian on September 5 to discuss 4 topics on the “new judicial interpretation of futures market manipulation crime and relevant regulations on futures market manipulation by China Securities Regulatory Commission (CSRC)”, the “establishment of diversified dispute settlement mechanism of futures market”, the “legal issues related to diversified participants involved in the Chinese futures market under the opening-up context”, and the “legal issues on the construction and development of the over-the-counter market”. Over 40 persons attend the forum upon invitation, including chiefs of judicial authorities, regulation institutions and self-disciplinary organizations in China and experts from famous law offices at home and abroad.

Nadex Temporarily Refrains From Listing GBP/JPY 5-Minute Contracts On Trade Date September 16, 2019

Date 16/09/2019

On trade date September 16, 2019, North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) temporarily refrained from listing its Intraday GBP/JPY 5-Minute Currency Binary contracts for the 6:05pm ET expiration time.  The GBP/JPY 5-Minute Currency Binary contracts were relisted beginning with the 6:10pm ET expiration.  This action was taken pursuant to Nadex Rule 12.41(f)(iv)(5).

CFTC Unanimously Approves Two Measures In September 16 Open Meeting

Date 16/09/2019

At an open meeting today, the U.S. Commodity Futures Trading Commission voted unanimously to approve the following two measures:

• Final Rule on Position Limits and Position Accountability for Security Futures Products
• Proposed Rule on Public Rulemaking Procedures (Part 13 Amendments)

Remarks Of CFTC Director Of Enforcement James McDonald During CFTC-DOJ Press Conference Call

Date 16/09/2019

This morning, the CFTC announced the filing of manipulation and spoofing charges against three individuals who served as executives and traders on the same trading desk of a major U.S. financial institution.  Michael Nowak and Gregg Smith are charged with manipulative conduct and spoofing in the precious metals futures markets in a complaint filed in the United States District Court for the Northern District of Illinois, and Christian Trunz resolved charges of spoofing in an administrative settlement, in which he admitted to the misconduct and agreed to serve as a cooperating witness in this investigation.

CFTC Charges Futures Trader And Industrial Firm With Spoofing In Precious Metals Futures

Date 16/09/2019

The U.S. Commodity Futures Trading Commission issued two orders today filing and settling charges against John Lawrence and his employer, Heraeus Metals New York LLC, for spoofing — bidding or offering with the intent to cancel the bid or offer before execution.  The order against Lawrence finds he engaged in spoofing from at least May 2017 to January 2018 in silver and gold futures traded on the Commodity Exchange, Inc. (COMEX).  The order against Heraeus finds the firm vicariously liable for Lawrence’s spoofing, which Lawrence engaged in while a trader for Heraeus. This case was brought in connection with the CFTC Division of Enforcement’s Spoofing Task Force.

SEC: Two Broker-Dealers To Pay $4.65 Million In Penalties For Providing Deficient Blue Sheet Data

Date 16/09/2019

The Securities and Exchange Commission today announced that Stifel, Nicolaus & Co., Inc. has agreed to pay $2.7 million and BMO Capital Markets Corp. has agreed to pay $1.95 million to settle charges for providing incomplete and inaccurate securities trading information to the SEC. Broker-dealers are required to provide the information known as "blue sheet data," which the SEC uses to carry out its enforcement and regulatory obligations, including investigations of insider trading and other fraudulent activity.