News Centre

CFTC: Federal Court Orders Defendants To Pay More Than $2.7 Million In Connection With Commodity Pool Fraud

Date 02/04/2019

The Commodity Futures Trading Commission (CFTC) announced today that defendants Thomas Lanzana (dba Unique Forex), who formerly resided in Pawleys Island, South Carolina, and his company Blackbox Pulse, LLC of North Bergen, New Jersey, along with Nikolay Masanko and his company, White Cloud Mountain, LLC of St. Augustine, Florida, have been permanently enjoined from engaging in conduct that violates the Commodity Exchange Act (CEA). Additionally, they have been ordered to pay $762,807.24 in restitution, as well as a civil monetary penalty of $1.95 million in connection with a commodity pool fraud investment scheme involving retail off-exchange foreign currency (forex). 

SIX: Extraordinary Indices Adjustments

Date 02/04/2019

Following the spin-off of Alcon AG from Novartis AG, SIX will carry out an extraordinary adjustment to the index composition of SMI®, SLI®, SPI®, SXI Special Industry indices and sub-indices. The affected indices will be adjusted on 9 April 2019 and 10 April 2019.

Brown Rudnick Alert - Brexit Delayed As UK Parliament Fails To Reach Agreement On Future Relationship With The EU, Authors: Mark Dorff, Tom Braiden And Nick Davies - Definition Of EU “Exit Day” Changed In UK Law As UK Parliament Seeks To Reach Agreement On The Nature Of Brexit And The UK’s Future Relationship With The EU

Date 02/04/2019

On 27 March 2019, the UK Parliament voted to postpone the day that the UK will leave the EU (the “Exit Day”) beyond 29 March 2019 as UK members of Parliament (“MPs”) approved a change to the definition of Exit Day in the European Union (Withdrawal) Act 2018 following UK talks with the EU. The Exit Day would have been delayed until 22 May 2019 at 11pm in the event that the UK government’s Brexit deal (the “Withdrawal Agreement”) was approved by Parliament by 29 March 2019. However, the Withdrawal Agreement was rejected for a third time by MPs by 58 votes on 29 March 2019, meaning that the Exit Day has been delayed until 12 April 2019 at 11pm.

MOEX Joins United Nations Sustainable Stock Exchanges Initiative To Deepen ESG Commitment

Date 02/04/2019

Moscow Exchange (MOEX) announced today it has become the latest Partner Exchange of the United Nations Sustainable Stock Exchanges (SSE) initiative, joining other securities exchanges in a commitment to elevating sustainability practices.

The Financial Stability Board: Beyond The Fog Of Battle, Federal Reserve Vice Chair For Supervision And Chair Of The Financial Stability Board Randal K. Quarles, At The 2019 European Bank Executive Committee Forum "The Future Of Banking: The Human Factor," Brussels, Belgium

Date 02/04/2019

Thank you for the opportunity to join you. I am grateful for the chance to speak with such a diverse and distinguished group of academics, industry leaders, and colleagues in regulation and central banking. Conversations like these always remind me that, while we all approach our roles in the financial sector differently, we share a deeper commitment to a common goal: a safe, stable, and resilient financial system, capable of supporting strong and sustainable economic growth.

Investor Activity On GPW Group Markets – March 2019

Date 02/04/2019

• Decrease of the value of trading in equities on the Electronic Order Book1 on the GPW Main Market by 12.6% YoY to PLN 16.1 billion in March 2019
• Decrease of the total volume of trading in futures by 39.9% YoY to 617.0 thousand contracts in March 2019
• Increase of the value of trading in equities on the Electronic Order Book on NewConnect by 28.5% YoY to PLN 134.2 million
• Increase of the value of trading in structured products by 6.9% YoY to PLN 70.8 million in March 2019
• Increase of the total volume of forward transactions in gas by 98.4% to 10.2 TWh in March 2019

Moscow Exchange Welcomes Sova Capital As International Individual Clearing Member On Derivatives And FX Markets

Date 02/04/2019

Sova Capital became an international Individual Clearing Member (ICM) firm on Moscow Exchange’s Derivatives and FX Markets, as a direct member of the National Clearing Centre (NCC), MOEX’s CCP.  

Remarks At The 29th International Institute For Securities Market Growth And Development, SEC Chairman Jay Clayton, April 1, 2019

Date 02/04/2019

Thank you, Erin [McCartney], for that warm introduction.

Welcome to the SEC’s 29th Annual International Institute for Securities Market Growth and Development.

Thank you for being our guests over the next two weeks.

Purdue University/CME Group Ag Economy Barometer: Farms Showing Financial Stress, Producers Express Concern About Future Conditions

Date 02/04/2019

Producer sentiment weakened slightly in late winter, according to the March Purdue University/CME Group Ag Economy Barometer reading. The barometer, which is based on a survey of 400 U.S. agricultural producers, declined 3 points to a reading of 133, down from 136 in February.

U.S. Federal Banking Agencies Propose Rule To Limit Impact Of Large Bank Failures

Date 02/04/2019

The federal banking agencies on Tuesday proposed a rule to limit the interconnectedness of large banking organizations and reduce the impact from failure of the largest banking organizations. The proposal would complement other measures that the banking agencies have taken to limit interconnectedness among large banking organizations.