News Centre

ASIC Response To ABC TV’s Four Corners’ Questions - 30 September 2013

Date 30/09/2013

Why has ASIC failed to carry out an investigation in such an important case?

Shanghai Stock Exchange, CSDCC Q&A On “Pre-issuance (Trial) Of Treasury Bonds”

Date 30/09/2013

On September 26, the Shanghai Stock Exchange (SSE) and China Securities Depository & Clearing Corp., Ltd. (CSDCC) released the “Business Measures on Trading, Registration and Settlement of Pre-issuance (Trial) of Treasury Bonds” (the “Measures” for short). The issue of the “Measures” indicated that China’s treasury bonds pre-issuance business is to be released soon. Officials of the SSE and CSDCC made a detailed introduction on the background and meaning of the release of the “Measures”, as well as its major content in an interview.

NZX Not Reappointed As Gas Allocation Agent

Date 29/09/2013

NZX announces that following a competitive tender process, it has been advised by the Gas Industry Company that it has not been reappointed to the Gas Allocation Agent role.

Dubai Financial Market Welcomes The Listing Of Kuwait’s Al Salam Holding Group - DFM The Leading Exchange In The Region And The “Market Of Choice” For Kuwaiti Companies Looking For Dual Listings

Date 29/09/2013

Dubai Financial Market (DFM) announced today the listing of Kuwait’s Al Salam Holding Group. The company shares commenced trading on Sunday, September 29th 2013, under the trading symbol “Alsalamkw”, which appears on DFM screens, trading systems and publications within the Investment and Financial Services sector.

Dubai Mercantile Exchange Wins 'Exchange Of The Year'

Date 29/09/2013

DME (Dubai Mercantile Exchange) was named Energy Risk's 'Exchange of the Year' at the magazine's prestigious 2013 Asia awards.

Nodal Exchange Receives CFTC Approval To Register As A Designated Contract Market

Date 28/09/2013

Nodal Exchange, LLC (Nodal Exchange) announced today that the U.S. Commodity Futures Trading Commission (CFTC) has approved its application to be registered as a Designated Contract Market (DCM). The application was filed on October 11, 2012. Nodal Exchange will begin operation as a DCM effective on September 30, 2013. 

Nanex ~ 24-Sep-2013 ~ CIA And The Fed - Covert Information Asymmetry

Date 28/09/2013

Update: September 25, 2013

A few articles covering this are focusing on trading in Gold. We singled out gold because it was one of the few instruments with high activity in the minutes before the 2pm announcement. This high activity preceeding the release allowed us to verify that the exchange time stamps we used later, were accurate.

It wasn't just gold. It was everything that traded. In fact, the 1/100th of a second after 2pm was the most active 10 milliseconds in the history of the U.S. Stock an Futures markets. See charts at the bottom and also here.

Nanex ~ 20-Sep-2013 ~ Einstein And The Great Fed Robbery

Date 28/09/2013

Update: September 26, 2013

We added charts (see below) that compare market reactions from previous events driven by news from Washington DC. These clearly show how New York markets respond about 5 milliseconds before Chicago. 

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Update: September 25, 2013

A few articles covering this are focusing on trading in Gold. We singled out gold, is because it was one of the few instruments with high activity in the minutes before the 2pm announcement. This high activity preceeding the release allowed us to verify that the exchange time stamps we used later, were accurate.

Virtu Financial, Inc. Study Of Federal Reserve Announcement, September 18th, 2013

Date 28/09/2013

Nanex recently released a study called “The Great Fed Robbery” which suggested that certain embargoed news of the Federal Reserve decision regarding tapering was released or “leaked” early. After analyzing the Nanex study, the data used in the Nanex study and our own sources of market data, we have concluded that the Nanex study is severely flawed. The following is our conclusions based on clear facts associated with the events of September 18th, 2013.

CFTC’s Division Of Market Oversight Provides Time-Limited No-Action Relief To Temporarily Registered SEFs From Any Enforcement Responsibilities Under Commission Regulations 37.200(A), 37.200(B), 37.201(B)(1), 37.201(B)(3), 37.201(B)(5), 37.202(B) And 37.203 With Respect To Market Participants Trading On Those SEFs

Date 28/09/2013

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today announced the issuance of a time-limited no-action letter providing relief for temporarily registered swap execution facilities (SEFs) from any enforcement responsibilities under Commission regulations 37.200(a), 37.200(b), 37.201(b)(1), 37.201(b)(3), 37.201(b)(5), 37.202(b) and 37.203 with respect to market participants trading on those SEFs. The no-action relief in this letter only applies to entities that have achieved temporary registration status as SEFs as of October 2, 2013.