News Centre

Moscow Exchange To Cooperate With Integral To Deliver Additional Liquidity And Higher Performance

Date 20/11/2018

Moscow Exchange began cooperating with Integral, a leading technology provider for the foreign exchange market, to deliver access to global FX liquidity for MOEX’s customers and FX liquidity from MOEX to the Integral network.

Shanghai Stock Exchange Implements China Securities Regulatory Commission Guiding Opinions, Accelerates Revision Of Rules For Trading Suspension And Resumption

Date 20/11/2018

On November 6, the China Securities Regulatory Commission (CSRC) issued the "Guiding Opinions on Improving the System of Suspension and Resumption of the Stocks of the Listed Companies" (the Guiding Opinions for short), providing the principles, concepts and basic requirements for the trading suspension and resumption. Since the announcement, the Guiding Opinions has been widely recognized in the market, and it is generally believed that by reshaping the system, the regulator will be able to give better play to the role of the market mechanism, standardize the operations of the companies, and maintain the market order. The Shanghai Stock Exchange (SSE) will implement the requirements of the Guiding Opinions earnestly, revise the rules for trading suspension and resumption as soon as possible, and form and develop the long-term mechanism with no suspension as the principle and suspension as the exception, short-term suspension as the principle and long-term suspension as the exception, and intermittent suspension as the principle and continuous suspension as the exceptional.

ASIC: UBS Securities Pays $120,000 Infringement Notice

Date 20/11/2018

UBS Securities Australia Limited (‘UBS’) has paid a penalty totalling $120,000 to comply with an infringement notice given by the Markets Disciplinary Panel (‘the MDP’).

8th Trading China Conference For Foreign Investors Held

Date 20/11/2018

The Shanghai Stock Exchange (SSE) successfully held the 8th Trading China Conference for Foreign Investors on November 8, 2018. With the steadily opening-up of the Chinese capital market, international investors, especially long-term international institutional investors, have had growing attention and demands on the A-shares market. To better show the new achievements of the internationalization development of the Chinese capital market to international investors, further enhance their understanding on the Chinese capital market and keep optimizing the cross-border investment channel, the SSE has held the Trading China Conference for Foreign Investors from time to time since 2014, witnessing the active participation of large numbers of international institutional investors. Up till now, the activity has been held for 8 times, and it has become a brand international promotion activity of the SSE and a successful practice of the SSE in exploring the internationalization development.

Statement Of CFTC Chairman J. Christopher Giancarlo On Amending The Definition Of “Eligible Master Netting Agreement” And Related Changes In The CFTC Margin Rule

Date 19/11/2018

Through the Commission’s Project KISS initiative, the Commission received suggestions to harmonize its uncleared swap margin rule with that of the Prudential Regulators.  In response, this final rule does so and provides market certainty, specifically with respect to amending the CFTC’s definition of “eligible master netting agreement” (EMNA) and amending the CFTC Margin Rule such that any legacy swap will not become subject to the CFTC Margin Rule if it is amended solely to comply with changes adopted by the Prudential Regulators in 2017.  The Commission recognizes that the CFTC Margin Rule does not provide relief for legacy swaps that might need to be amended to meet regulatory changes or requirements, and is committed to considering other meritorious requests for relief.  

BISX Q3 Statistical Report 2018

Date 19/11/2018

BISX ALL SHARE INDEX

For the nine-month period ending September 28, 2018 the BISX All-Share Index closed at 1,964.04 this represented a year to date decrease of 99.53 or 4.82%. By comparison for the nine-month period ending September 29, 2017 the BISX All-Share Index closed at 1,865.88 this represented a year to date decrease of 72.33 or 3.73%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

CFTC Approves A Final Rule To Amend Uncleared Swap Margin Requirements

Date 19/11/2018

The Commodity Futures Trading Commission (CFTC) announced today that it has approved a final rule to amend its uncleared swap margin requirements (CFTC Margin Rule) to better align with certain rules (QFC Rules) adopted by the Board of Governors of the Federal Reserve System (FRS), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) that impose restrictions on certain qualified financial contracts.

Kurt Gottschall Named SEC Director Of Denver Office

Date 19/11/2018

The Securities and Exchange Commission today announced that Kurt L. Gottschall has been named Director of the Denver Regional Office.

CFTC Vacates SEF Registration Upon Request Of GTX SEF, LLC

Date 19/11/2018

The Commodity Futures Trading Commission (CFTC) announced today that it issued an order vacating the swap execution facility (SEF) registration of GTX SEF, LLC (GTX SEF).  The order was issued at the request of GTX SEF.  The CFTC granted GTX SEF registration as a SEF on May 26, 2016.

New York State Department Of Financial Services Fines Société Générale Sa And Its New York Branch $420 Million For Violations Of Laws Governing Economic Sanctions And Violations Of New York Anti-Money Laundering And Recordkeeping Laws - Bank Fined $325 Million For Executing Billions Of Dollars In Illegal And Non-Transparent Transactions To Iran, Sudan, Cuba And Libya From 2003 To 2013 - Additionally, Bank To Pay $95 Million For Anti-Money Laundering Laws And Compliance Deficiencies - Bank Must Take Corrective Actions To Improve Oversight And Compliance With Sanctions Laws, And Hire Independent Consultant To Evaluate Implementation Of Remedial Steps In New York Branch’s Operations

Date 19/11/2018

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has entered into two consent orders with Société Générale SA and its New York branch under which the bank will pay fines totaling $420 million for violations of laws governing economic sanctions and New York anti-money laundering laws.  A DFS investigation found that the bank executed billions of dollars in illegal and non-transparent transactions to parties in countries subject to embargoes or otherwise sanctioned by the United States, including Iran, Sudan, Cuba and Libya, and its New York branch violated New York Anti-Money Laundering (AML) and recordkeeping laws in the New York branch’s operations.  In addition, the bank and the New York branch violated provisions of the banks’ 2009 agreement with DFS to implement and maintain an effective Bank Secrecy Act/Anti-Money Laundering Law (BSA/AML) compliance program and transaction monitoring system.  Société Générale will pay DFS $325 million for sanctions violations and $95 million for the BSA/AML violations.