News Centre

HKEX: New Appointments

Date 26/04/2018

Following the Government’s appointment of Laura Cha and Benjamin Hung, and shareholders’ re-election of T C Chan, Fred Hu and John Williamson as Directors of Hong Kong Exchanges and Clearing Limited (HKEX), the HKEX Board today (Thursday) appointed Laura Cha as the HKEX’s Chairman, subject to the written approval of the Chief Executive of the Hong Kong Special Administrative Region.

ISDA Partners With Linklaters On Online Margin Document Negotiation Tool

Date 26/04/2018

ISDA has partnered with law firm Linklaters to develop an online tool that will allow firms to electronically negotiate initial margin (IM) documentation. The new platform is being built to help facilitate compliance with regulatory IM requirements as a wider universe of buy- and sell-side firms come into scope of the rules.

Ontario Securities Commission's Investor Advisory Panel Releases 2017 Annual Report

Date 26/04/2018

The Investor Advisory Panel (the Panel) released its 2017 Annual Reportsummarizing its recommendations, activities, submissions, consultations, and meetings during the calendar year.

Initial Margin For Non-Cleared Derivatives Rises By 22%, ISDA Margin Survey Finds

Date 26/04/2018

ISDA has published its latest Margin Survey, which shows a strong increase in the amount of initial margin (IM) held by the largest 20 market participants for their non-cleared derivatives trades.

Nadex Product Schedule For The Week Of April 30, 2018

Date 26/04/2018

Due to the various holidays during the week of April 30, 2018, Nadex will observe the following schedule:

Monday, April 30, 2018: 

• Nadex will open at its regular time; no Weekly Japan 225 contracts will be available for the week of April 30, 2018;
• No China 50 or Japan 225 contracts will be available on Monday, April 30, 2018.

ISDA Publishes New Academic Paper On Margin Requirements For Non-cleared Derivatives Market

Date 26/04/2018

ISDA has published a new academic paper that analyzes the regulatory initial margin framework for the non-cleared derivatives market. The academic paper, sponsored by ISDA, was written by Rama Cont, Chair of Mathematical Finance at Imperial College London.

BOX 2018 Annual Disaster Recovery Testing

Date 25/04/2018

As stated in Regulation SCI and BOX Rule 2100, certain BOX Participants are required to participate in an annual disaster recovery functional and performance testing BOX will be leveraging the annual industry-wide SIFMA BCP Test, as well as BOX specific Pre-Test to fulfill this requirement.

CFTC Charges Pennsylvania Resident Michael Salerno And His Entities With Solicitation Fraud And Misappropriation In Connection With Retail Forex Transactions In Violation Of The Commodity Exchange Act - Federal Court Order Freezes Assets And Protects Books And Records Of Defendants And Relief Defendants

Date 25/04/2018

The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action charging Defendants Michael Salerno of Chadds Ford, Pennsylvania, and his companies Black Diamond Forex LP and BDF Trading LP, both Pennsylvania limited partnerships, and Advanta FX, a Pennsylvania corporation, with fraudulently soliciting members of the public to become foreign currency (forex) proprietary traders and with misappropriating the traders’ funds for purposes other than forex trading. 

The Middle-Market IPO Tax, SEC Commissioner Robert J. Jackson Jr. , Cleveland, Ohio, April 25, 2018

Date 25/04/2018

Thank you so much, Tom, for that kind introduction. It’s a real honor to be here with you today at the Greater Cleveland Middle Market Forum.* In addition to leading some of the Nation’s most promising young companies, you all have done exceptional work making sure that the middle market gets the attention it deserves in Washington. And as a lifelong baseball fan, I couldn’t miss the chance to see the Indians show the Cubs who’s boss tonight in Cleveland.

CFTC Swaps Report Update

Date 25/04/2018

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