News Centre

US Financial Stability Oversight Council Meeting

Date 10/07/2021

On Friday, July 16, Secretary Janet L. Yellen will preside over an executive meeting of the Financial Stability Oversight Council (Council) by videoconference.  The preliminary agenda includes Federal Reserve stress tests, housing markets, and the proposed Council report to be issued under the Executive Order on Climate-Related Financial Risk.

CFTC: Federal Court Permanently Bans And Imposes An Over $300,000 Penalty Against Foreign Trading Platform For Offering Illegal Leveraged Transactions In Ether, Litecoin, Bitcoin And Precious Metals

Date 09/07/2021

The Commodity Futures Trading Commission today announced that Judge David Hittner of the U.S. District Court for the Southern District of Texas entered a default judgment against Laino Group Limited d/b/a PaxForex (PaxForex) of St. Vincent and the Grenadines. The order imposes permanent trading, solicitation, and registration bans against PaxForex entering into transactions involving commodity interests and prohibits it from violating provisions of the Commodity Exchange Act (CEA), as charged. The order also requires the defendant to pay a civil monetary penalty of $374,864.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 09/07/2021

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of July 5, 2021 as indicated in the Weekly Notice. 

CFTC Commitments Of Traders Update

Date 09/07/2021

The current reports for the week of July 06, 2021 are now available.

SEC Charges TheBull With Selling "Insider Trading Tips" On The Dark Web

Date 09/07/2021

The Securities and Exchange Commission today charged Apostolos Trovias, a Greek national, with perpetrating a fraudulent scheme to sell what he called "insider trading tips" on the Dark Web. The Dark Web, which facilitates anonymity by obscuring users’ identities, allows users to purchase and sell illegal products and services, and in this case, insider trading tips.

Nadex Refrains From Listing Certain Contracts

Date 09/07/2021

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No EUR/JPY or GBP/USD, 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date July 5, 2021; Additionally, no GBP/USD 5-Minute contacts were listed for the 6:10pm or  6:15pm ET expiration times on that day; 

• No GBP/JPY or GBP/USD 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date July 6, 2021.

Moscow Exchange: Trading Volumes In Foreign Stocks Reaches Record Highs

Date 09/07/2021

On 8 July 2021, trading volumes in foreign stocks on MOEX hit a record of 6.4 billion rubles, i.e. more than 6% of the total Equity Market trading volume. 58,000 transactions were concluded.

SEC Charges Three Individuals With Insider Trading

Date 09/07/2021

The Securities and Exchange Commission today charged three individuals with insider trading in advance of an announcement by Long Blockchain Company (formerly known as Long Island Iced Tea Co.) that it was going to "pivot" from its existing beverage business to blockchain technology, which caused the company’s stock price to soar.

Central Bank Digital Currencies For Cross-Border Payments - Joint Report To The G20 By The Committee On Payments And Market Infrastructures, The BIS Innovation Hub, The International Monetary Fund (IMF) And The World Bank

Date 09/07/2021

Central bank digital currencies (CBDCs) have the potential to enhance the efficiency of cross-border payments, as long as countries work together. This is the main conclusion of a joint report released today by the Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund (IMF) and the World Bank.

NGX Weekly Market Report For July 9th, 2021

Date 09/07/2021

EQUITY A total turnover of 1.348 billion shares worth N12.140 billion in 21,581 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.021 billion shares valued at N14.145 billion that exchanged hands last week in 17,565 deals.