News Centre

NZX: ADM Investor Services Inc. Accredited In Derivatives Market

Date 01/03/2016

NZX is pleased to announce that ADM Investor Services Inc. (ADMIS) has been accredited as a Derivatives Trading & Advising Participant and a General Clearing Participant for the NZX Dairy Derivatives Market. ADMIS becomes the third US based participant to gain full membership status since NZX was granted authorisation as a Foreign Board of Trade by the Commodity Futures Trading Commission (CFTC) in 2014.

Tokyo Financial Exchange: Trading Volume In February 2016

Date 01/03/2016

The trading volume of Three-month Euroyen futures in February was 298,816 ( + 3.8% MoM / + 98.6% YoY) and its average daily volume was 14,941 . See the TABLE 1 for the composition of the trading volume. 

Japan's Financial Services Agency: Financial Policies Monitor

Date 01/03/2016

Based on the Strategic Directions and Priorities 2015–2016, announced in September 2015, the FSA has established the Financial Policies Monitor (System) to receive candid opinions and suggestions concerning financial policies and to reflect these in the FSA’s financial policies. This approach is aimed at establishing a structure to conduct proactive financial policies to keep pace with the changes in the domestic and global environment surrounding the financial fields.

Tokyo Commodity Exchange: Final Settlement Price Of Dubai Crude Oil For February 2016 Contract

Date 01/03/2016

Final settlement price of Dubai Crude Oil for February 2016 contract is 21,210 yen.

Dalian Commodity Exchange Expands Pilot For ‘Insurance & Futures’

Date 01/03/2016

The 2016 No. 1 Document of CPC Central Committee clearly sets out a number of requirements, including developing agricultural futures products, conducting pilot for agricultural options, and steadily expanding the insurance + futures pilots, etc. 

Nasdaq Selected To Support ASX In Post-Trade Technology Overhaul - ASX To Replace Equities And Equity Options Clearing Platforms With Genium INET - Nasdaq To Build CCP Clearing Capability - ASX’s Clearinghouses Now Managing Real-Time Risk With Nasdaq’s Post-Trade Risk Technology

Date 01/03/2016

Nasdaq (Nasdaq:NDAQ) and Australian Securities Exchange (ASX) have announced that Nasdaq will replace ASX’s existing equities and equity options clearing technology platforms – a significant element of ASX’s technology transformation program outlined in February 2015. This technology development will be undertaken on Nasdaq’s Genium INET Clearing platform, which is already in use at ASX for futures clearing. It reflects ASX’s commitment to consolidate its number of post-trade platforms and improve efficiencies for its customers.

SEC Statement On Jury’s Verdict In Trial of Daryl Payton And Benjamin Durant

Date 01/03/2016

After a two week trial, a jury in the Southern District of New York found both Daryl Payton and Benjamin Durant liable for insider trading in SEC v. Payton et al.

Statement of SEC Division of Enforcement Director Andrew Ceresney:

"Payton and Durant were sophisticated stock brokers who used highly confidential information about an upcoming transaction to illegally make hundreds of thousands of dollars at the expense of ordinary investors who played by the rules. Today's jury verdict holding them liable for insider trading reaffirms our commitment to aggressively root out and prosecute insider trading schemes, including by taking defendants to trial, in order to protect the integrity of our markets.”

Remarks By Deputy Assistant Treasury Secretary Monique Rollins On Reforming The Private Label Securitization Market - At The Asset Backed Securities (ABS) Vegas Conference

Date 29/02/2016

For most of its history, private label securitization (PLS) has served as a valuable part of the housing finance market.  It helped expand access to credit for many qualified Americans, who did not meet the underwriting criteria or conforming loan limits of Fannie Mae or Freddie Mac or qualify for Federal Housing Administration (FHA) insurance.  However, the 2008 financial crisis exposed huge structural deficiencies in PLS that led to tremendous losses and severely damaged the trust of market participants.  The pre-crisis PLS market was rife with conflicts of interest, inadequate investor protections, overreliance on credit ratings, contractual enforcement failures and a lack of transparency.  We therefore believe that, while the PLS market can provide a channel for mortgage financing that is responsible and not reliant on a taxpayer-backed guarantee, its return must happen in a reformed and sustainable way.  A reformed PLS market complements the Administration’s efforts to support the housing recovery on numerous fronts by improving access to credit and helping homeowners.  While we do not see the PLS channel as a total panacea, it is one of a number of channels that can responsibly improve access to credit and strengthen the housing recovery.

S&P Dow Jones Indices Market Attributes:Europe Index Dashboard

Date 29/02/2016

Download this month's dashboard

US Department Of The Treasury: Preliminary Report On Foreign Holdings Of U.S. Securities At End-June 2015

Date 29/02/2016

Preliminary data from the June 2015 annual survey of foreign portfolio holdings of U.S. securities were released today on the Treasury website at http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/fpis.aspx.  Final survey results, which will include additional detail as well as possible revisions to the preliminary data, will be reported on April 29, 2016.  The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System.  The next annual survey will cover holdings at the end of June 2016; preliminary data are expected to be released by February 28, 2017.