News Centre

Qatar stock Exchange Working Hours During Ramadan

Date 23/05/2017

On the occasion of the Holy Month of Ramadan, Qatar stock Exchange (QSE) is pleased to announce that the official business hours during the month of Ramadan will be from 9:00 AM till 2:00 PM.

Colt To Offer New Low-Latency Network Route Between Stock Exchanges In Tokyo And Chicago - Optimised Routes Will Enhance Exchange Venue Competitiveness And Continue Colt's Tradition Of Providing Secure And Reliable Trading Infrastructure To Capital Markets

Date 23/05/2017

Colt Technology Services has announced newly optimised low-latency network routes linking stock exchanges in Tokyo and the Chicago Mercantile Exchange, which will be available from May 23, 2017. Connectivity will be provided through the company's private Ethernet-based Colt IQ Network. Latency between Tokyo and Chicago will reach a speed of 121.07ms between each endpoint after network optimisation. In addition, the company has also commenced optimisation of other key routes in the Asia-Pacific region.

Shenzhen Stock Exchange Releases Guideline For Information Disclosure Of Civil Engineering And Construction Industry To Deepen Industry Regulation

Date 23/05/2017

In order to further regulate the information disclosure of listed companies engaging in civil engineering and construction industry, Shenzhen Stock Exchange (SZSE) has recently formulated and released the No. 7 Guideline of Shenzhen Stock Exchange for Industry Information Disclosure of Listed Companies Engaging in Civil Engineering and Construction Business.

Working Hours Of The Amman Stock Exchange And Trading Hours During The Holy Month Of Ramadan

Date 23/05/2017

On the occasion of the holy month of Ramadan, the ASE has decided to change the official working and trading hours during the holy month of Ramadan, the working hours will be from 09:30 to 15:30, as for trading hours it will be as follows:

Shenzhen Stock Exchange: New Interest Calculation Method For Pledge-Style Repo Implemented On May 22

Date 23/05/2017

As the bond market of Shenzhen Stock Exchange (SZSE) has been scaling up in recent years, the trading amount of pledge-styled repo (hereinafter referred to as “repo”) also increases and the market is paying more and more attention to the fluctuation of repo interest rate. To address the holiday effect issue, smooth the volatility of repo interest rate and further improve the repo interest rate formation mechanism, SZSE made amendments the Implementation Rules of Bond Transaction on Shenzhen Stock Exchange on April 14, 2017. The repo interest calculation method has been revised, with the interest period of repo price at maturity changed from nominal days to actual days of fund occupation. The new method will be officially implemented on May 22, 2017. For the bond repo transactions closed before that date, the repo prices are still calculated as per the original formula.

Why Opportunity And Inclusion Matter To America’s Economic Strength - Federal Reserve Governor Lael Brainard, At The Opportunity And Inclusive Growth Institute Conference, Sponsored By The Federal Reserve Bank Of Minneapolis

Date 23/05/2017

CFTC: Federal Court Orders Utah Resident Kimball Parker And MakeYourFuture, LLC To Pay Customer Restitution And Civil Monetary Penalties For Fraud In Connection With Offering And Selling A Futures Trading System - Default Judgment Also Entered Against Florida Resident Timothy Baggett, Changes Worldwide LLC, And Changes Trading LLC

Date 22/05/2017

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Bruce S. Jenkins in the U.S. District Court for the District of Utah entered a Consent Order against Defendants Kimball Parker of Lehi, Utah, and his Utah company, MakeYourFuture, LLC (MYF), who were charged with fraud and other violations in connection with the offering and sale of a futures trading system marketed under the names “MakeYourFuture” and “Changes Trading.” The Consent Order, entered on May 19, 2017, requires Parker and MYF, jointly and severally, to pay restitution to defrauded customers totaling $853,294.98, plus a $354,000 civil monetary penalty.

NZX: Resignation Of Officer – Aaron Jenkins

Date 22/05/2017

NZX advises that Aaron Jenkins has resigned as Head of Funds Management. Currently based in Auckland, Aaron has resigned so he and his family can return home to Sydney, Australia.

New York State Department of Financial Services Superintendent Vullo Reminds Banks Of State Law Requirement To Obtain Prior Regulatory Approval Of Acquisitions Or Changes In Control Of Banking Institutions - Guidance Addresses Concerns That Some Investors Have Been Developing Non-Transparent Methods Of Acquiring And Controlling Banking Institutions Without Obtaining Prior Regulatory Review And Approval

Date 22/05/2017

Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has issued interpretative guidance in response to a request by the New York Bankers Association regarding the New York Banking Law requirement of the Superintendent’s prior approval for an acquisition or change of control of a banking institution.  The interpretative guidance has been issued due to a concern that some investors have been developing non-transparent methods of acquiring and controlling banking institutions without obtaining prior regulatory review and approval by DFS.

Banamex USA Agrees To Forfeit $97 Million In Connection With Bank Secrecy Act Violations

Date 22/05/2017

Today Acting Assistant Attorney General Kenneth A. Blanco of the Justice Department’s Criminal Division announced that Banamex USA (BUSA), a financial institution based in Los Angeles, California, and a subsidiary of Citigroup Inc., agreed to forfeit $97.44 million and entered into a non-prosecution agreement (NPA) to resolve an investigation into BUSA’s Bank Secrecy Act (BSA) violations. In its agreement with the Justice Department, BUSA admitted to criminal violations by willfully failing to maintain an effective anti-money laundering (AML) compliance program with appropriate policies, procedures, and controls to guard against money laundering and willfully failing to file Suspicious Activity Reports (SARs).