News Centre

Nadex Temporarily Amends Binary Contracts Strike Width

Date 16/04/2021

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 April 12, 2021 as indicated in the Weekly Notice. 

SEC Staff Statement On Fully Paid Lending, Division Of Trading And Markets Staff

Date 16/04/2021

On October 22, 2020, Commission staff issued a no-action letter regarding the broker-dealer customer protection rule, Exchange Act Rule 15c3-3, in relation to certain fully-paid lending programs operated by some broker-dealers.  Rule 15c3-3(b)(3) requires broker-dealers entering into agreements with their customers who lend the broker-dealers’ fully-paid or excess margin securities to provide the securities lenders with collateral that fully secures the loans.  Staff’s letter stated that the staff would not recommend enforcement action to the Commission regarding these programs for six months from issuance of the letter, or until April 22, 2021, to give firms time to come into compliance with the Rule.

CFTC Commitments Of Traders Update

Date 16/04/2021

The current reports for the week of April 13, 2021 are now available.

SEC Reopens Comment Period For Universal Proxy

Date 16/04/2021

The Securities and Exchange Commission today voted to reopen the comment period on the proposed rules for the use of universal proxy cards in all non-exempt solicitations for contested director elections.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Call With Bank Of England Governor Andrew Bailey

Date 16/04/2021

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Bank of England Governor Andrew Bailey.  During the call, Secretary Yellen highlighted the shared priorities between the United States and the United Kingdom, in particular forcefully addressing the threat of climate change. Secretary Yellen and Governor Bailey also discussed the importance of international financial regulatory cooperation. Secretary Yellen concluded by emphasizing that she looks forward to working closely with Governor Bailey during the United Kingdom’s leadership of the G7 and COP26.

SIFMA Statement On Preserving Securities Arbitration

Date 16/04/2021

SIFMA released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO on legislation introduced today that would ban arbitration clauses in all consumer contracts, including the retail contracts of investors who utilize the services of broker-dealers:

Moscow Exchange: Risk Parameters On Securities Market

Date 16/04/2021

CCP NCC will set the following risk parameters on Securities market starting from April 19, 2021:

Nigerian Exchange Group Weekly Market Report For April 16th 2021

Date 16/04/2021

A total turnover of 1.263 billion shares worth N10.759 billion in 19,975 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 887.037 million shares valued at N9.193 billion that exchanged hands last week in 17,837 deals.

Joel R. Levin, Director Of Chicago Regional Office, To Leave SEC

Date 16/04/2021

The Securities and Exchange Commission today announced that Joel R. Levin, the Director of its Chicago Regional Office, will leave the agency at the end of May.

Moscow Exchange: Risk Parameters Change For The Securities

Date 16/04/2021

The following risk parameters will be changed:

IR risk (downward scenario) - SECΔ_1 (Y0/Y1)