News Centre

Dubai Mercantile Exchange Records A 23% YoY Growth In Physical Delivery In 2022, With Over 181 Million Barrels Delivered Through The Exchange - Front Month Volume Was Up By 20%, With Total Exchange Volume Increasing By 11%

Date 31/01/2023

The Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, recorded a 23% increase year-on-year in physical delivery volumes during 2022. More than 181 million barrels were delivered and shipped through the exchange in 2022, compared to 147 million in 2021. Since inception in 2007, DME has now supplied over 3 billion barrels of Omani crude via its physical and EFP mechanism.

Tokyo Stock Exchange: Last Trading Day For Carbon Credit Market Demonstration

Date 31/01/2023

Since September 22, 2022, Tokyo Stock Exchange has been conducting the Carbon Credit Market Demonstration, which is a trial trading as part of the "Technical Demonstration Project for Carbon Credit Market" commissioned by the Ministry of Economy, Trade and Industry (METI). Japan Exchange Group is pleased to announce that today, January 31, 2023, was the last trading day of the demonstration. A research report on the demonstration will be prepared in the future.

New Zealand Financial Markets Authority Appoints Sharon Thompson To New Executive Leadership Team

Date 31/01/2023

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has appointed Sharon Thompson to its newly formed enterprise leadership team as Executive Director – Transformation and Operational Delivery.

Fiserv Looks To Support New Payment Flows With Major Payment Institution License From Monetary Authority Of Singapore - Company’s Local Operating Entity Granted License To Provide Merchant Acquisition And Domestic And Cross-Border Money Transfer Services Under The Payment Services Act

Date 31/01/2023

A Fiserv, Inc. (NASDAQ: FISV) operating entity that provides payment solutions for merchants in Singapore, First Data Merchant Solutions Private Limited, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), effective January 1, 2023.

SEC Proposes Updates To Ethics Rules Governing Securities Trading By Personnel

Date 30/01/2023

The Securities and Exchange Commission today proposed amendments to its ethics rules to strengthen and modernize its ethics compliance program. The amendments would add new requirements and prohibitions to the program, which already includes some of the most stringent ethics requirements in the executive branch for all agency employees, their spouses, and minor children.

Big “Issues” In The Small Business Safe Harbor: Remarks At The 50th Annual Securities Regulation Institute, SEC Commissioner Caroline A. Crenshaw Washington D.C., Jan. 30, 2023

Date 30/01/2023

Thank you Thomas [Kim] for that lovely introduction and I’m very pleased to be here at the Securities Regulation Institute giving the Alan B. Levenson Keynote Address. Director Levenson was the consummate public servant who left an enduring mark on the Division of Corporation Finance, and the Commission more generally. I’m happy to say that his legacy of combating corporate corruption and promoting integrity in our markets lives on today.

US Treasury Announces Marketable Borrowing Estimates

Date 30/01/2023

The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing for the January – March 2023 and April – June 2023 quarters.

Economy Statement By Benjamin Harris, US Assistant Secretary For Economy Policy, For The Treasury Borrowing Advisory Committee

Date 30/01/2023

INTRODUCTION

Despite global and pandemic-related economic headwinds, the U.S. economy proved its resilience in the fourth quarter of 2022 with real gross domestic product (GDP) growing at a healthy 2.9 percent annualized rate.  Labor markets remained tight: employers added an average of 247,000 payroll jobs each month—a pace well-above that needed to maintain a stable unemployment rate—and the unemployment rate returned to the half-century low of 3.5 percent.  Moreover, inflation continued to slow: since peaking in June 2022, 12-month headline inflation (as measured by the consumer price index) has fallen by 2.6 percentage points, owing to sharp drops in energy prices and moderating non-energy goods inflation over the second half of the year.  Core inflation (excluding food and energy) slowed by less than headline, largely due to elevated shelter inflation—though timely measures of house prices and rents suggest a reprieve in the coming year.  Housing markets showed considerable weakening, correcting from pandemic-related imbalances and responding to tighter monetary policy.

MIAX Options Exchange - Trading Of Complex Orders With Non-Conforming Ratios

Date 30/01/2023

The MIAX Options Exchange will begin accepting non-conforming ratio option-only complex orders beginning Friday, February 3, 2023.

ISDA derivatiViews: Bringing Legal Certainty To Digital Asset Derivatives

Date 30/01/2023

The shocking collapse of crypto exchange FTX with the apparent loss of billions of dollars of customer assets, and the subsequent failures of several other high-profile crypto firms, have raised some fundamental legal questions. Questions like what rights investors have following a bankruptcy and who legally ‘owns’ customer assets held by a crypto exchange or other intermediary. These questions should have clear answers, and our work to develop legal definitions for the trading of digital asset derivatives, alongside the publication of new whitepapers that explore the legal issues exposed by the collapse of FTX and others, are important steps towards achieving that for the digital asset derivatives market.