News Centre

Invitation To Zhengzhou Commodity Exchange Opening-Up Webinar：PTA Futures Serving Cross-Border Industry

Date 26/03/2021

Zhengzhou Commodity Exchange plans to hold a webinar on PTA Futures Serving Cross-Border Industry.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 26/03/2021

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 March 22, 2021 as indicated in the Weekly Notice. 

EU-Asia Pacific Forum On Financial Regulation

Date 26/03/2021

On March 11, 2021, the EU-Asia Pacific Forum on Financial Regulation co-chaired by the Securities and Exchange Commission, Thailand and the European Comission was held online.

Nadex Refrains From Listing Certain Contracts

Date 26/03/2021

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: 

NZX Issue Of Ordinary Shares

Date 25/03/2021

ISDA: Use Of RMB-Denominated Chinese Government Bonds As Margin For Derivatives Transactions

Date 25/03/2021

A large number of financial institutions in Asia-Pacific are expected to be brought into scope of phases five and six of the initial margin (IM) requirements for non-cleared derivatives in September 2021 and September 2022. As part of their preparations, market participants will need to know which high-quality liquid assets they can post as IM and understand any regulatory or legal impediments that may affect their choice.

Statement Of Commissioner Brian D. Quintenz On ErisX RSBIX NFL Contracts And Certain Event Contracts - Any Given Sunday In The Futures Market

Date 25/03/2021

In December 2020, ErisX filed a self-certification that their RSBIX NFL futures contracts involving the moneyline, point spread, and total points on NFL football games meet the requirements of the CEA for a contract listed by a registered Designated Contract Market (DCM).  Prior to 2018, sports gaming was limited by a federal law which only allowed it to legally occur in Nevada. After Murphy v. NCAA[1] struck down that law, multiple states have legalized sports gambling and thereby allowed legitimate business activity in that area.  Since the derivative markets’ historical use is the hedging of commodity price risk associated with economic activity, contracts relating to the outcome of sporting events could now have a legitimate economic and hedging purpose for businesses in these states. Such was the intent of ErisX’s contracts.

Federal Reserve Announces Temporary And Additional Restrictions On Bank Holding Company Dividends And Share Repurchases Currently In Place Will End For Most Firms After June 30, Based On Results From Upcoming Stress Test

Date 25/03/2021

The Federal Reserve Board on Thursday announced that the temporary and additional restrictions on bank holding company dividends and share repurchases currently in place will end for most firms after June 30, after completion of the current round of stress tests. Firms with capital levels above those required by the stress test will no longer be subject to the additional restrictions as of that date. Firms with capital levels below those required by the stress test will remain subject to the restrictions.

Superintendent Lacewell Announces Proposed New York State Department Of Financial Services Guidance To New York Insurers On Managing The Financial Risks From Climate Change - Proposed Guidance Outlines Expectations That New York Insurers Integrate The Consideration Of Climate Risks Into Their Governance Frameworks, Risk Management Processes And Business Strategies, And Develop Their Approach To Climate-Related Financial Disclosure - DFS Seeks Input On The Proposed Guidance During 90-Day Comment Period

Date 25/03/2021

Superintendent of Financial Services Linda A. Lacewell today announced that the New York State Department of Financial Services (DFS) has issued proposed detailed guidance for New York-regulated domestic insurers setting out DFS’s expectations related to managing the financial risks from climate change.  

US Secretary Of The Treasury Janet L. Yellen's Statement On The Confirmation Of Wally Adeyemo As Deputy Secretary Of The Treasury

Date 25/03/2021

My warmest congratulations to Wally Adeyemo, our new Deputy Secretary of the Treasury. The Senate confirmed him today in a broad bipartisan vote.