News Centre

Taiwan Futures Exchange Newsletter - April 2020

Date 09/04/2020

Taiwan Futures Exchange (TAIFEX) reported its March 2020 market statistics, showing its average daily trading volume (ADTV) reached 2.1 million contracts during the month, and a growth of 54.5% year-on-year (YoY) in monthly trading volume. As well, the three index futures in TAIFEX’s US product suite aiming for investors to hedge their exposures in the US market – DJIA futures, S&P 500 Futures and Nasdaq-100 Futures, all marked all-time high monthly trading ADTV since their launches. The most heavily traded of the three, DJIA futures, traded 31,866 contracts on a daily basis, up 58.6% from February.

ASIC Releases New Crowd-Sourced Funding Report

Date 09/04/2020

ASIC has released Report 657 Survey of crowd-sourced funding intermediaries: 2018-19 (REP 657). The report outlines findings from ASIC’s second industry survey, which tracks the growth and development of crowd-sourced funding (CSF) in Austra

SEC Provides Temporary, Conditional Relief For Business Development Companies Making Investments In Small And Medium-Sized Businesses - SEC Permits Business Development Companies To Issue Additional Securities And Invest Alongside Certain Affiliates In Order To Provide Additional Financial Support To Their Portfolio Companies

Date 09/04/2020

The Securities and Exchange Commission today announced that it is providing temporary, conditional exemptive relief for business development companies (BDCs) to enable them to make additional investments in small and medium-sized businesses, including those with operations affected by COVID-19.  BDCs were created to provide capital to smaller domestic operating companies that otherwise may not be able to readily access the capital markets.  Today’s relief will provide additional flexibility for BDCs to issue and sell senior securities in order to provide capital to such companies, and to participate in investments in these companies alongside certain private funds that are affiliated with the BDC.  Today’s relief is subject to investor protection conditions, including specific requirements for obtaining an independent evaluation of the issuances’ terms and approval by a majority of a BDC’s independent board members.

ASIC To Provide Additional Time For Unlisted Entity Financial Reports

Date 09/04/2020

ASIC today announced that it will extend the deadline for unlisted entities to lodge financial reports under Chapters 2M and 7 of the Corporations Act 2001 (the Act) by one month for balance dates from 31 December 2019 to 31 March 2020.

Montréal Exchange Interest Rate Derivative Trading Cease At 1:30 p.m. Today, April 9, 2020 - Exchange's Markets Closed On April 10, 2020

Date 09/04/2020

Interest rate derivative trading will cease at 1:30 p.m. today, April 9, 2020. Furthermore, the Exchange's markets will be closed on April 10, 2020.

Statement On Securities Offering Reform For Closed-End Investment Companies, SEC Commissioner Hester M. Peirce, April 8, 2020

Date 09/04/2020

I appreciate the work of the Divisions of Investment Management, Corporation Finance, and Economic and Risk Analysis, Office of General Counsel, and others at the Commission on these amendments to afford certain business development companies (“BDCs”) and closed-end funds the benefits of the offering reforms long enjoyed by many operating companies. These amendments will allow these funds to offer their shares and communicate with shareholders more efficiently and effectively. These are welcome changes, undertaken at the direction of Congress, to the investment company offering landscape.

Nadex Lists GDP And Unemployment Rate Event Binary Contracts

Date 08/04/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.2(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 April 8, 2020 notice of Nadex’s intent to list two new event contracts based on the underlying Advance Estimate Gross Domestic Product (“GDP”) and the Unemployment Rate.  The GDP Binary contract will be listed on April 22, 2020 and the Unemployment Rate Binary contract will be listed pursuant to its contract specifications in relation to the Unemployment Rate release date.  Additionally, this submission corrects a naming error and changes “Monthly Nonfarm Payrolls Binary Contracts” to “Weekly Nonfarm Payrolls Binary Contracts”.

Bahamas International Securities Exchange No Trade Day – 9 Apr. 2020

Date 08/04/2020

The Bahamas International Securities Exchange Limited  (BISX) wishes to notify BISX Broker-Dealer Members and the general public that due to the Emergency Powers (COVID 19)(LOCKDOWN)(No. 2) Order, 2020, there will not be a trading session for Thursday 9 April 2020.

IIROC COVID-19 FAQs (As Of April 8, 2020)

Date 08/04/2020

To support transparency and help IIROC Dealer Members with compliance and the protection of their clients, this document answers questions we have received relating to issues associated with the coronavirus (COVID-19) pandemic.

Nadex Refrains From Listing Certain Contracts

Date 08/04/2020

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(h), Nadex took the following actions:  

• No Daily, Weekly or Intraday Natural Gas Binary contracts will be listed for the week of April 6, 2020;

• No Weekly FTSE 100 or Germany 30 Binary contracts will be listed for the week of April 6, 2020;

• No 5-Minute Intraday GBP/JPY Binary contracts were listed for expirations occurring from 6:05pm through 6:15pm ET on trade date April 7, 2020.All 5-Minute Intraday Currency Binary contracts were listed beginning with the 6:20pm ET expiration time.