News Centre

New Zealand's Financial Markets Authority Suspends AxiCorp Derivatives Licence

Date 01/08/2019

The Financial Markets Authority (FMA) has suspended the derivatives issuer licence of AxiCorp Financial Services Pty Limited (trading as AxiTrader) for material breaches of the Financial Markets Conduct Act 2013, including:

• making a regulated offer to retail clients in New Zealand without a compliant Product Disclosure Statement or Disclose register entry;
• failing to lodge audited financial statements; and
• failing to obtain an assurance engagement with a qualified auditor, for its processes, procedures and controls, within 4 months of its balance date.

Borsa Istanbul Derivatives Market: TLREF Futures Contracts

Date 01/08/2019

Futures contracts based on Turkish Lira Short Term Reference Rate-TLREF will start trading at Borsa Istanbul Derivatives Market as of August 02, 2019.

Tokyo Financial Exchange: Trading Volume In July 2019

Date 01/08/2019

(1) Interest Rate Futures contracts

The trading volume of Three-month Euroyen futures was 75,426 ( - 17.9% MoM / - 32.0% YoY ) and its average daily volume was 3,428 . 

ASIC Update On Compensation By Institutions For Poor Financial Advice

Date 01/08/2019

Australia's five largest banking and financial services institutions have paid a total of $119.7 million in compensation as at 30 June 2019 to customers who suffered loss or detriment because of non-compliant advice given by financial advisers.

Tokyo Commodity Exchange: Final Settlement Prices Of Cash-Settled Oil Futures July 2019 Contracts

Date 01/08/2019

Final settlement prices for cash-settled oil futures July 2019 contracts are as follows:

(Yen/kl)
Platts cash-settled Dubai Crude Oil    43,080
Cash-settled Barge Gasoline                60,200
Cash-settled Lorry Gasoline                60,280
Platts cash-settled Barge Kerosene    57,960
Platts cash-settled Lorry Kerosene    60,540
Platts cash-settled Barge Gas Oil       61,760
Platts cash-settled Lorry Gas Oil       61,650

CFTC Charges Trader With Spoofing In Financial Futures Markets

Date 31/07/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Benjamin Cox, a trader and CFTC-registered floor broker based in Chicago, Illinois, for engaging in spoofing in the Chicago Mercantile Exchange (CME) E-mini S&P 500 and E-mini Nasdaq 100 futures markets. 

Cboe Global Markets Declares Increased Third-Quarter 2019 Dividend - Quarterly Cash Dividend Increased By 16 Percent To $0.36- Ninth Consecutive Year Cboe Has Increased Its Dividend

Date 31/07/2019

Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today announced its Board of Directors has declared an increased quarterly cash dividend of $0.36 per share of common stock for the third quarter of 2019, representing a 16 percent increase from the prior quarter's dividend of $0.31 per share.

MIAX Options Exchange - August 1, 2019 Fee Changes

Date 31/07/2019

Effective August 1, 2019, pending SEC approval, the MIAX Options Fee Schedule will be amended.  

US Department Of Justice Begins Fourth Distribution Of Funds Recovered Through Asset Forfeiture To Compensate Victims Of Bernard Madoff Fraud Scheme - Largest Payment Of Forfeited Funds In The History Of The Department Of Justice’s Victim Compensation Program

Date 31/07/2019

The Department of Justice today announced that on July 31, the Madoff Victim Fund (MVF) began its fourth distribution of $469.6 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to $2.4 billion to nearly 32,000 victims worldwide.  In this distribution, payments will be sent to over 25,000 victims across the globe, bringing their total recovery to 66.85 percent.  This distribution represents the fourth in a series of payments that will eventually return over $4 billion to victims as compensation for losses they suffered from the collapse of the BLMIS.  The MVF has received over 65,000 petitions from victims in 136 countries.

CFTC Swaps Report Update

Date 31/07/2019

CFTC's Weekly Swaps Report has been updated, and is now available.