News Centre

FEAS Newsletter: April 2021

Date 02/04/2021

What's Inside?

• Page 2: FEAS Chairman Mr. Ahmed Saleh Al-Marhoon Farewell Letter
• Page 3: FEAS alongside with Armenia Securities Exchange organized a Virtual Event for Celebrating Women's Day
• Page 4-5: FEAS Members ring the bell for Gender Equality
• Page 6-7: Meet the Market with FEAS Initiative | Securities Market of Armenia
• Page 8: FEAS Members' Marketing and PR Professionals Meeting | Speaker | Interview
• Page 9: FEAS Factsheet |  Recent trending posts on social media

Vienna Stock Exchange: Austrian Stocks Rally To Global Top Performer With Strong Turnover

Date 02/04/2021

• ATX total return (incl. dividends) moves towards all-time high
• Equity turnover stable at high level in Q1 2021 
• Two new listings in direct market plus, one new listing in direct market
• Bonds: listing activity continues to rise strongly

Japan's Financial Services Agency: Preparation For Permanent Cessation Of LIBOR

Date 02/04/2021

On March 5, 2021, ICE Benchmark Administration (IBA) has announced that it intends to cease the publication of LIBOR based on the current methodology referencing rates provided by panel banks (panel-based LIBOR) immediately after end-2021 except for certain US dollar LIBOR settings. While LIBOR is mainly referenced in derivative contracts such as interest rate swaps, it is also quoted in a significant number of cash products including corporate loans and bonds. Additionally, it is used in wide range of users, including not only financial institutions but also non-financial corporate and institutional investors. In this regard, there is the possibility of disruption to users if LIBOR were ceased without sufficient preparation.

First Deal Done On Tokyo Commodity Exchange Window For Electricity

Date 02/04/2021

The following trade agreement were made on TOCOM Window for the first time, based on which off-floor transactions were registered to TOCOM electricity futures market on April 1, 2021.

Serving The Global Market And Jointly Building Domestic And Overseas Markets - Dalian Commodity Exchange's Oils And Oilseeds Derivatives Market Is Booming

Date 02/04/2021

The Virtual Palm and Lauric Oils Price Outlook Conference 2021 (Virtual POC2021), which was held by Bursa Malaysia Derivatives Berhad (BMD), took place online on March 23. Cheng Weidong, Vice President of Dalian Commodity Exchange (DCE) delivered a video speech in which he said that DCE will, with a vision of building a world-class derivatives exchange, promote the opening up of oils and oilseeds derivatives market on multiple fronts, speed up the launching and opening of RBD palm olien options to foreign investors, and open DCE’s market to QFII/RQFII. The objectives are to improve its services for domestic and overseas enterprises to manage their cross-market risks and contribute to the building of the market along the “Belt and Road”.

Investor Activity On GPW Group Markets – March 2021

Date 02/04/2021

• GPW Main Market Electronic Order Book[1] equities turnover value increased by 39.5% YoY to PLN 35.8 billion
• NewConnect Electronic Order Book turnover value increased by 30.8% YoY to PLN 831.0 million
• Derivatives turnover volume decreased by 13.6% YoY to 1,500,000 contracts
• Bonds turnover value on TBSP increased by 108.6% YoY to PLN 42.5 billion
  • Electricity turnover volume decreased by 37.5% to 18.4 TWh
  • Natural gas turnover volume decreased by 32.6% YoY to 10.0 TWh
  • Turnover in Guarantees of Origin of electricity generated from renewable energy sources increased by 133.6% YoY to 4.8 TWh

CFFEX: Circular On Approving Membership Change Of Two Futures Companies

Date 02/04/2021

China Financial Futures Exchange (CFFEX) approved two Trading Members, Jinpeng International Futures Co.,Ltd. and ZHONGTIAN FUTURES Co.,Ltd. to alter to Trading Clearing Member.

Montréal Exchange's Markets Closed Today, April 2, 2021.

Date 02/04/2021

The Exchange's markets are closed today, April 2, 2021.

Statement Of CFTC Commissioner Dan M. Berkovitz, CFTC Oversight Of Family Offices Must Be Strengthened

Date 01/04/2021

The collapse of Archegos Capital Management and the billions of dollars in losses to investors and other market participants is a vivid demonstration of the havoc that errant large investment vehicles called “family offices” can wreak on our financial markets. Family offices can be active in both securities and commodities markets.  Unfortunately, in the last two years the CFTC has loosened its oversight of family offices.  In 2019, and again in 2020, the Commodity Futures Trading Commission (CFTC) approved rules that exempted family offices from some of our most basic requirements.  I objected to these exemptions at the time, warning in 2019 that “[t]he approval of [these rules] without any checks and balances on exempt family office CPOs [commodity pool operators] will increase risks to our markets and market participants.” The Archegos failure highlights the importance of strengthening the CFTC’s oversight of these large funds and preventing bad actors from trading in our markets. 

Hundred Trillion Dollar Non-Fungible Fish Token (NFFT) Saves The Global Economy

Date 01/04/2021

Z/Yen, the City of London’s leading commercial think tank, has just issued a non-fungible token in order to save the global economy. A non-fungible token (NFT) is a unit of data on a distributed ledger that represents some unique item or portion of an item. In the case of many NFTs, they represent part of a digital item, e.g. 1/1,000,000th of a photo or work of art. ‘Fungible’ means each unit is interchangeable. For example, a unit of a currency or cryptocurrency is fungible. 'Non-fungible' means the token represents a specific item or portion of an item.