News Centre

First “ETF Lecture” Held By Shenzhen Stock Exchange

Date 22/03/2018

The first session of “ETF lecture” organized by the SZSE (SZSE) kicked off in Shenzhen recently. Being the SZSE’s first ETF training activity oriented for the medium and small investors, the lecture has positive significance in popularizing ETF investment knowledge and enhancing ETF market development and investor education. Approximately 300 investors from member units including China Merchants Securities, Essence Securities, and Guotai Junan Securities etc.. The lecturers from the SZSE, Shenzhen Securities Information Co., Ltd. and the relevant market institutions gave detailed presentation to investors on index investment idea, features of ETF products, investment trading strategies, and the main ETF products listed on SZSE etc.. The lecture was widely welcomed by the attending investors.

Notice On Issuing The Crude Oil (Futures) Inspection Rules Of The Shanghai International Energy Exchange (Trial)

Date 22/03/2018

China Certification and Inspection Group Co., Ltd., SGS-CSTC Standards Technical Services Co., Ltd., Shanghai Orient Intertek Testing Services Co., Ltd. and Technical Center for Industrial Products and Raw Materials Inspection and Testing of Shanghai Entry-Exit Inspection and Quarantine Bureau are the Designated Inspection Agencies of the Shanghai International Energy Exchange for the crude oil futures.

Cboe Global Markets’ Exchanges Trading Schedule For Good Friday And Easter Holidays

Date 21/03/2018

Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world’s largest exchange holding companies, today announced the following trading schedule for the company’s options, futures, equities and FX trading venues in observance of the Good Friday and Easter holidays.

FIA President And CEO Walt Lukken On The Financial Services Committee Passing Legislation To Support Clearing Of Derivatives

Date 21/03/2018

FIA President and CEO Walt Lukken today made the following statement after the House Financial Services Committee passed H.R. 4659 to properly calibrate the capital charges contained in the Supplementary Leverage Ratio (SLR) for clearing services:

"I thank the Financial Services Committee for working on a bipartisan basis to recognize the exposure reducing nature of initial client margin in implementation of the leverage ratio rule. This legislation will provide a long-called for offset, which will lower clearing costs for end-users and provide them with greater choice of clearing services. I hope this legislation will be considered by the House of Representatives very soon."

"FIA has determined that enacting an offset would have an inconsequential impact on overall capital levels. Further, lack of such an offset would place U.S. market participants at a disadvantage to their foreign competitors, given that many other jurisdictions have already offered or plan to offer an offset for client margin in the very near future." 

CFTC Swaps Report Update

Date 21/03/2018

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

Tradeweb: U.S. 3-Month Yield On Track For Largest Daily Drop Since October 2016 - U.S. 3-Month/10-Year Yield Spread Widens

Date 21/03/2018

Yields on 3-month and 10-year Treasuries have moved in different directions.

According to Tradeweb data:

New York Attorney General Schneiderman Announces $230 Million Settlement With UBS Over Misconduct Leading Up To Financial Crisis - Settlement Secures $189 Million In Consumer Relief For New Yorkers Impacted By The Housing Crash - $41 Million In Cash For New York State - Today’s Settlement Brings Total Cash And Consumer Relief Secured By AG Schneiderman In Aftermath Of Financial Crisis Up To $3.93 Billion

Date 21/03/2018

Attorney General Eric T. Schneiderman today announced a $230 million settlement with UBS in connection with the packaging, marketing, sale, and issuance of residential mortgage-backed securities (RMBS) to investors leading up to the financial crisis. The settlement includes $189 million worth of consumer relief for New York homeowners and communities and $41 million in cash to New York State.

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The March 20-21 FOMC Meeting

Date 21/03/2018

The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the March 20-21 meeting.

Federal Reserve Issues FOMC Statement

Date 21/03/2018

Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strong in recent months, and the unemployment rate has stayed low. Recent data suggest that growth rates of household spending and business fixed investment have moderated from their strong fourth-quarter readings. On a 12-month basis, both overall inflation and inflation for items other than food and energy have continued to run below 2 percent. Market-based measures of inflation compensation have increased in recent months but remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.

Tradeweb: U.S. Treasury Volumes And TIPS Activity Increases On Fed And Inflation Reports In 2017 And 2018

Date 21/03/2018

Since the start of 2017, Tradeweb U.S. Treasury volumes have risen relative to average daily volumes (ADV) on the Federal Open Markets Committee (FOMC) statement and inflationary data releases (CPI, PCE, AHE), compared to levels from the first hike in December 2015 through the end of 2016 (the earlier part of the hiking cycle).