News Centre

Securities Clearing Center Company (Muqassa) Announces The Commencement Of Operations

Date 30/08/2020

The Securities Clearing Center Company (Muqassa), announced today the commencement of its operations, post the announcements of its establishment in 2018 and its license earlier this year.

Saudi Stock Exchange (Tadawul) Launches New Derivatives Market And Clearinghouse Leveraging Nasdaq Market Technology - Endeavor Will Further Support The Growth Of The Saudi Capital Market

Date 30/08/2020

The Saudi Stock Exchange (Tadawul) announced today it has officially launched its first Derivatives Market and a clearinghouse, The Securities Clearing Centre Company (Muqassa), both of which are running on Nasdaq’s (Nasdaq: NDAQ) market technology. The first exchange-traded derivatives product is MT30 Index Futures, an index futures contract based on the MSCI Tadawul 30 Index (MT30), which will benefit from central counterparty clearing by Muqassa.

EGX Adds List "D" And Its Criteria To Existing Lists “A”, “B” & “C” Of Its Traded Stocks

Date 30/08/2020

The Egyptian Exchange (EGX) Board of Directors took the decision to add a new list, list "D", to its existing ones of listed companies “A”, “B”, and “C”.  The new list “D” includes stocks likely to be de-listed if they do not comply with the rules and regulations of EGX.  The decision was adopted by the Financial Regulatory Authority (FRA).

Nadex Halts Certain Contracts

Date 28/08/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.6(a) 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”) submitted an emergency action to the Commission on August 28, 2020 providing notice that on trade date August 27, 2020 a technical issue occurred which resulted in stale quotes displaying in five contracts.  In accordance with the authority granted under Nadex Rule 12.1(h), the affected contracts were closed for trading.  The issue was corrected and two contracts which had not yet expired were relisted at the open of trade date August 28, 2020.

US Department Of Justice: Herbalife Nutrition Ltd. Agrees To Pay Over $122 Million To Resolve FCPA Case

Date 28/08/2020

Herbalife Nutrition Ltd. (Herbalife), a U.S.-based publicly traded global nutrition company, has agreed to pay total penalties of more than $122 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA).  The resolution arises out of Herbalife’s scheme to falsify books and records and provide corrupt payments and benefits to Chinese government officials for the purpose of obtaining, retaining, and increasing Herbalife’s business in China.  This includes a criminal penalty of over $55 million and approximately $67 million to be paid to the U.S. Securities and Exchange Commission (SEC) in a related matter.  

Nadex Temporarily Amends Binary Contracts Strike Width

Date 28/08/2020

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 August 24, 2020 as indicated in the Weekly Notice. 

CFTC Commitments Of Traders Update

Date 28/08/2020

The current reports for the week of August 25, 2020 are now available.

Nadex Refrains from Listing Certain Contracts

Date 28/08/2020

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 AUD/USD or EUR/JPY 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm expiration time on trade date August 24, 2020;

• No GBP/JPY 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm through 6:15pm ET expiration times on trade date August 28, 2020.

Mini VIX Futures Daily Volume Surpasses 100,000 Contracts For First Time

Date 28/08/2020

• ADV in Mini Cboe Volatility Index (Mini VIX) futures over 37,000 contracts since launch on August 9
• Active participation from broad base of market participants across global trading community

Nadex Extends Initial Deposit Bonus Program

Date 28/08/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.6(a) 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”) submitted to the Commission on August 28, 2020 its plans to extend its incentive program, which would credit participants who meet the eligibility requirements a bonus equal to 10% of the participant’s initial account deposit, up to $100.  The Program will be extended through September 22, 2021.  Full Terms and Conditions of the Program were also submitted to the Commission, are available on this Notice, and by request.