News Centre

Japan Exchange Group: Decision Of Starting Date Of 20-Year JGB Futures Trading

Date 23/10/2013

With respect to “Resumption of 20-year JGB Futures Trading” which was notified on June 18, 2013, Osaka Securities Exchange Co., Ltd. has decided the starting date of trading as follow.

20-year JGB futures will become available for trading from the morning session on April 7, 2014, with condition where the derivatives markets are integrated on March 24, 2014.

Osaka Securities Exchange: Introduction Of CNX Nifty Futures

Date 23/10/2013

1. Purpose

Considering needs of investment in and hedging against India’s rapidly growing capital market, Osaka Securities Exchange Co., Ltd. (OSE) will introduce futures based on CNX Nifty which is a major Indian stock index used as a benchmark in various financial instruments.

MNI China Business Indicator Rose To 55.3 in October from 51.8 In September - Production Highest Since December 2012

Date 23/10/2013

The MNI China Business Indicator rose to 55.3 in October from 51.8 in September,the first monthly increase in two months. September’s fall to the lowest for a year followed a strong rise in August, and the October data indicated a return to stable growth.

Japan Exchange Group: Determination Of The Derivatives Markets Integration Date

Date 23/10/2013

As part of consolidating the functions of the subsidiaries of Japan Exchange Group, Inc. (JPX), the JPX group plans to integrate the derivatives market of Tokyo Stock Exchange, Inc. into that of Osaka Securities Exchange Co., Ltd. in March 2014. Since the preparation is proceeding smoothly, the date of the derivatives markets integration (the date of live system activation) has been determined as follows.

Dalian Commodity Exchange: Brisk Trading On 1st Day Of Iron Ore Futures’ Listing

Date 23/10/2013

The iron ore futures was officially listed and traded on Dalian Commodity Exchange (DCE) last Friday. On the first day of its listing, the trading volume of iron ore exceeded 338,700 lots, its turnover was RMB 33.034 billion, and its position-holding volume was 78,000 lots. Iron ore market participants attending the conference believed that the first day of iron ore futures’ listing long expected by industry insiders has received extremely high attention with the trading volume and position-holding volume both exceeding market prediction. The trading atmosphere has been very active.

Derivatives 2013: The Future Comes Into Focus - A Speech By Cathie Armour, Commissioner, Australian Securities And Investments Commission, At The ISDA Annual Australia Conference, 17 October 2013

Date 23/10/2013

This conference is timely as it comes just two weeks after the commencement of the first of Australia’s G20 commitments to over-the counter (OTC) derivatives reform – the obligation for some Australian banks to begin reporting their OTC derivatives transactions to trade repositories.

CFTC Adopts Rule Amendment To Clarify That Prohibition Against Swap Dealers And Major Swap Participants Associating With Persons Who Are Statutorily Disqualified Does Not Apply In The Case Of Clerical And Ministerial Employees

Date 22/10/2013

The Commodity Futures Trading Commission (CFTC) today announced issuance of an amendment to its Regulation 23.22 to make clear that swap dealers (SDs) and major swap participants (MSPs) are not subject to the prohibition in Section 4s(b)(6) of the Commodity Exchange Act (Act) on associating with a person who is subject to a disqualification from registration under Section 8a(2) or 8a(3) of the Act (Statutory Disqualification) where the person is a clerical or ministerial employee.

CFTC Seeks Public Comment On Certification From trueEX, LLC To Implement Available-To-Trade Determinations For Certain Interest Rate Swaps

Date 22/10/2013

The Commodity Futures Trading Commission (CFTC or Commission) is requesting public comment on a certification from trueEX, LLC (trueEX) to implement available-to-trade determinations for certain interest rate swap contracts. trueEX submitted its available-to-trade determinations to the Commission on a self-certified basis pursuant to Commission regulations 37.10 and 40.6. If trueEX’s submission is deemed certified by operation of Commission regulation 40.6, such swap contracts, whether listed or offered by trueEX or any other designated contract market (DCM) or swap execution facility (SEF), will be subject to the trade execution requirement under section 2(h)(8) of the Commodity Exchange Act (CEA). All transactions involving swaps that are subject to the trade execution requirement generally must be executed on either a DCM or a SEF. In addition, to the extent that such transactions are executed on a SEF, they must be executed in accordance with the execution methods prescribed by Commission regulation 37.9(a)(2).

European Parliament To Vote On Suspending SWIFT Deal After Committee Vote On Data Protection

Date 22/10/2013

Concerns about privacy feature high on the EP agenda this week. On Monday evening, the civil liberties committee voted to strengthen EU data protection rules and to demand heavier fines for non-compliance. On Wednesday, the Parliament will have to take a stand on whether the EU-US agreement on the transfer of data handled by the SWIFT payment network should be suspended following allegations of internet surveillance by US authorities.

Keynote Remarks Of CFTC Chairman Gary Gensler Before The Americans For Financial Reform And Georgetown University Law Center’s Financial Transparency Symposium

Date 22/10/2013

I want to thank the Americans for Financial Reform and Georgetown Law Center for this invitation. We’re in the midst of a government shutdown so I’m going to give a presentation from some notes, not the usual prepared text speech.