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HKFE Announces Revised Margins For China Life And Ping An Futures

Date 12/07/2013

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Tuesday, 16 July 2013, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.
MCX Weekly Market Report July 05, 2013 – July 11, 2013

Date 12/07/2013

Click here to download MCX's weekly market report for the week July 05, 2013 to July 11, 2013.
ASIC: Credit Suisse Equities (Australia) Limited Pays $95,000 Infringement Notice Penalty

Date 12/07/2013

Credit Suisse Equities (Australia) Limited ("Credit Suisse") has paid a penalty of $95,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ("MDP"). The penalty was for not having in place adequate organisational and technical resources for its Automated Order Processing ("AOP") system to account for corporate actions, which interfered with the efficiency and integrity of the Market; and resulted in a market for a stock not being both fair and orderly.
New Zealand’s Financial Markets Authority Strategic Leadership Team Appointments

Date 12/07/2013

The Financial Markets Authority (FMA) today announced the appointment of Sue Brown to the new position of Head of Strategy, Innovation and Engagement.
Dalian Commodity Exchange Accelerates Development Of Yarn Futures - China Cotton Textile Association And China Commercial Circulation Association Of Textile And Apparel Hold “Expert Forum On Yarn Futures”

Date 12/07/2013

Recently, the China Cotton Textile Association (CCTA) and the China Commercial Circulation Association of Textile and Apparel (CATA) held the “Expert Forum on Yarn Futures” in Dalian to discuss the development of the yarn futures and the contract rules of yarn futures of Dalian Commodity Exchange (DCE) with the attendance of more than 30 leading officials and experts from industry organizations and the enterprises of spinning, weaving and distribution. Wang Tiankai, President of the China Textile Industry Federation (CTIF), attended the forum and made the concluding speech, and the forum was presided over by Xia Lingmin, Vice President of the CTIP. It was the common call of all the forum attendees to introduce the yarn futures timely in a bid to form the fair market prices and provide the enterprises with a hedging instrument under the new situation of the government intensifying the regulation of the cotton market and the imported yarn having impact on the domestic market.

SIFMA Statement On U.S.-China Bilateral Investment Treaty

Date 12/07/2013

SIFMA today released the following statement from Judd A. Gregg, CEO, after Secretary Lew announced an agreement to negotiate a U.S.-China Bilateral Investment Treaty at the conclusion of the U.S.-China Strategic and Economic Dialogue.
CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues Technical Correction To No-Action Letter Regarding Certain Risk Mitigation Requirements

Date 12/07/2013

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today announced the issuance of a technical correction to CFTC Staff Letter 13-45 that had been issued earlier today.
SGX Welcomes ISOTeam To Catalist

Date 12/07/2013

Singapore Exchange (SGX) is pleased to welcome the listing of ISOTeam Ltd on Catalist, under the stock code, “5WF”.
CFTC Seeks To Revoke The Registrations Of Joshua Wallace And His Company System Capital, LLC Based On Court’s Permanent Injunction Order Prohibiting Them From Committing Further Fraud And On Wallace’s Conviction For Criminal Commodities Fraud

Date 12/07/2013

The U.S. Commodity Futures Trading Commission (CFTC) today filed a Notice of Intent (Notice) to revoke the registrations of Joshua Wallace and System Capital, LLC (System Capital). System Capital, based in Oregon, is a registered Commodity Trading Advisor. Wallace is an Oregon resident registered as an Associated Person of System Capital and is System Capital’s founder, sole owner, principal, and president.
Addressing Investor Risks In The Retail Forex Business By SEC Commissioner Luis A. Aguilar

Date 12/07/2013

Section 742(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) prohibits a regulated financial institution from entering into certain foreign exchange transactions with retail customers (“Retail Forex”) unless, and until, the financial institution’s regulator has promulgated rules specifically addressing these transactions. In 2010,2 the U.S. Commodity Futures Trading Commission (“CFTC”) adopted rules applicable to such transactions because it had “observed a number of improper practices that have raised concern, among them solicitation fraud, a lack of transparency in the pricing and execution of transactions, unresponsiveness to customer complaints, and the targeting of unsophisticated, elderly, low net worth and other vulnerable individuals.”3 The U.S. Securities and Exchange Commission (“Commission” or “SEC”) by contrast has yet to propose, much less adopt, Retail Forex rules addressing these transactions as mandated by Section 742(c) of the Dodd-Frank Act.