News Centre

SGX Launches New Handysize And Capesize FFA And Futures Contracts

Date 21/04/2021

Singapore Exchange (SGX), the largest clearing venue for dry bulk freight globally with over 60% market share, has added four new forward freight agreement (FFA) and futures contracts in the capesize and handysize segments, offering participants more precise hedging tools as a recovery in global industrial production and robust steel demand in China continue to drive demand for both iron ore and minor bulks.

Zhengzhou Commodity Exchange: Announcement On The Application And Usage Of The Hedging Quota On PTA And White Sugar

Date 21/04/2021

According to Article 6, Article 12 and Article 18 of the Measures for the Administration of Hedging Activities of Zhengzhou Commodity Exchange (ZCE), ZCE has decided that the hedging quota for regular months on PTA and White Sugar can be applied for by product, and the corresponding approved hedging quota of non-FB members or clients can be automatically converted to hedging quota for the trading days between the 16th calendar day and the last calendar day of the month preceding the delivery month with a specified quantity. 

SIFMA: Senior Security Act Would Enhance Efforts To Protect Senior Investors

Date 20/04/2021

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, lauding House passage of H.R. 1565, the Senior Security Act of 2021, which would direct the GAO to study the economic costs of the financial exploitation of senior citizens:

Advertising Phenomenal Investment Returns For The Last Year Could Mislead Investors, New Zealand Financial Markets Authority Says

Date 20/04/2021

The Financial Markets Authority (FMA) is warning the funds management industry to avoid advertising large investment returns for the 12-month period to March 31, 2021, as this could mislead investors.

U.S. Department Of The Treasury Announces Key Staff Appointments

Date 20/04/2021

Today, the United States Department of the Treasury announced several key additions to Treasury staff. These distinguished and diverse individuals join Treasury prepared to deliver results for the American people by addressing the public health crisis and resulting economic crisis, as well as inequality, racism, and climate change.
Biographies of the appointees are listed below in alphabetical order:

LSTA Includes AMERIBOR® As A Credit-Sensitive Replacement to LIBOR

Date 20/04/2021

As part of an advisory issued on April 8, 2021 the Loans Syndications & Trading Association (LSTA) included AMERIBOR® as a fallback benchmark option following the discontinuation of Libor. A list of selected benchmarks and the full report is available in a market advisory for their membership titled the “’Credit Sensitive Rate’ Slot-in Rider for Fallback Language.”  

FINRA Bars Research Analyst For Insider Trading

Date 20/04/2021

The Financial Industry Regulatory Authority (FINRA) announced today that it has barred former Goldman Sachs & Co. research analyst Brian Maguire for twice purchasing securities after he learned a fellow analyst was upgrading his recommendation in impending research reports and for lying to FINRA staff about his trading.

SIFMA Statement On Bill Prohibiting The SEC From Requiring Collection Of PII Under The CAT

Date 20/04/2021

SIFMA today released the following statement from president and CEO Kenneth E. Bentsen, Jr. on the introduction of the “Protecting Investors’ Personally Identifiable Information Act” in the Senate:

“SIFMA commends Senator John Kennedy (R-LA) for his leadership in introducing, along with Senators Cynthia Lummis (R-WY), Mike Rounds (R-SD), Jerry Moran (R-KS), Steve Daines (R-MT), Kevin Cramer (R-ND) and John Boozman (R-AR) for their support of, the ‘Protecting Investors’ Personally Identifiable Information Act.’ The legislation would prohibit the Securities and Exchange Commission (SEC) from requiring brokers to submit investors’ personally identifiable information (PII) to its Consolidated Audit Trail (CAT)."

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Roundtable Discussion With Bank Policy Institute Members

Date 20/04/2021

Today, Deputy Secretary of the Treasury Wally Adeyemo met virtually with 20 CEOs who are members of the Bank Policy Institute (BPI) for a roundtable discussion focused on the importance of forging strong partnerships between the public and private sectors to tackle challenges facing Americans. BPI is a nonpartisan public policy, research, and advocacy group that represents the nation’s leading banks which collectively employ nearly two million Americans.

CFTC Orders Florida Man And His Company To Pay Over $397,000 In Connection With A Digital Assets Solicitation Scheme

Date 20/04/2021

The Commodity Futures Trading Commission announced today that it has issued an order filing and settling charges against Jozef Gherman of Florida and J Squared LLC, a Florida limited liability company, for making misleading statements or omitting material facts in connection with soliciting more than $300,000 from over 40 individuals to invest in digital assets. Gherman was an employee and one of the founders of J Squared and was its principal owner and CEO.