News Centre

CFTC Orders Australian Company to Pay Penalty for Both Federal and Exchange Platinum Futures Position Limits Violations

Date 29/06/2023

The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Australian-based company Challenger Life Company Limited (Challenger Life) for exceeding both the federal and exchange spot month speculative position limits for Platinum futures contracts traded on the New York Mercantile Exchange (NYMEX). The order requires Challenger Life to pay a $150,000 civil monetary penalty.

Canadian Securities Regulators Publish Framework For Commodity Benchmarks

Date 29/06/2023

Today, the securities regulatory authorities of British Columbia, Alberta, Saskatchewan, Ontario, Québec, New Brunswick, Nova Scotia, Yukon and Northwest Territories published advanced notice of implementation of final amendments to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators (MI 25-102) that establish the framework for the designation and regulation of commodity benchmarks and the persons or companies that administer them.

BIS Appoints Maha El Dimachki As New Head Of The Innovation Hub Singapore Centre

Date 29/06/2023

• Currently leads UK's Financial Conduct Authority supervisory support for start-ups
• Extensive experience in payments infrastructure and operations in the public and private sector

Statement Of CFTC Commissioner Caroline D. Pham On Enforcing Federal Position Limits

Date 29/06/2023

I support the Commission’s Order instituting proceedings, making findings, and imposing remedial sanctions against Challenger Life Company Limited, for exceeding the CFTC’s established Federal spot-month speculative position limit for the New York Mercantile Exchange’s (NYMEX) April 2022 Platinum futures contract, and for exceeding the NYMEX delivery limit for the April 2022 and May 2022 Platinum futures contracts.  It is the first CFTC enforcement action under the CFTC’s 2021 final rule that implemented new Dodd-Frank Act authority to establish Federal speculative position limits for 16 additional agricultural, metals, and energy commodities and certain derivatives contracts related thereto (“2021 Final Rule”).

Confluence Unveils AI Strategy To Deliver Real Impact For The Investment Management Industry - Meet ‘Rex’: Confluence’s Large Language Model-Based Solution Reconciles Data From Investor Reports In Seconds

Date 29/06/2023

Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider to the investment management industry, today announced the first development out of its innovation lab that leverages AI technology to solve complex industry problems.

investofund-group.com: BaFin Investigates InvestOFund

Date 29/06/2023

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) warns consumers about the company InvestOFund and the services it is offering. BaFin has information that the company is providing financial and/or investment services on its website investofund-group.com without the required authorisation.

Rocket Boost For UK Economy As Financial Services And Markets Bill Receives Royal Assent - The Act Is Central To The UK Government’s Vision To Grow The Economy And Create An Open, Sustainable, And Technologically Advanced Financial Services Sector

Date 29/06/2023

A landmark Bill to regain control of the financial services rulebook has been granted Royal Assent today (Thursday 29 June).

CME Group: Micro WTI Crude Oil Futures Surpass 50 Million Contracts Traded, Now Fifth Most Actively Traded Energy Futures Contract

Date 29/06/2023

CME Group, the world's leading derivatives marketplace, today announced that trading in Micro WTI Crude Oil futures surpassed 50 million contracts on June 28, 2023 making it the fifth most actively traded energy futures contract at CME Group, behind only the benchmark WTI,   Henry Hub, RBOB and NY Harbor contracts.

TMX Group Limited Announces Release Date For Q2 2023 Financial Results And Analyst Conference Call

Date 29/06/2023

TMX Group Limited will announce its financial results for the second quarter ended June 30, 2023 in the evening of Thursday, July 27, 2023. An analyst conference call to review the results will be held on Friday, July 28, 2023 at 8:00 a.m. ET.

ENTSO-E’s Summer Outlook (2023) Finds No Major Security Of Electricity Supply Risks This Summer

Date 29/06/2023

Seasonal outlooks of the European Network of Transmission System Operators for Electricity (ENTSO-E) provide observations and foresight for challenges associated with the security of electricity supply for winter and summer.