News Centre

Dubai International Financial Centre Continues To Accelerate Growth In First Half Of 2020

Date 19/07/2020

• Total number of companies currently operating in the DIFC stands at 2,584 – a 13% increase year-on-year and up 6% on FY2019
• 310 new companies registered, an increase of 25% on prior year
• 87 new FinTech firms join DIFC, an increase of 74% year-on-year with 202 fully licensed FinTech firms now operating within the Centre
• DIFC invests in four start-ups from its USD 100 million FinTech Fund to support sector diversification and drive the future of finance
• Comprehensive stimulus package supports clients during the COVID-19 Emergency Period, providing financial relief and strength for the future

G20 Finance Ministers & Central Bank Governors Meeting - Communiqué

Date 18/07/2020

Global economic activity is expected to contract sharply in 2020 due to the impact of the COVID-19 pandemic and the associated disruptions in supply and demand. While the outlook remains highly uncertain and is subject to elevated downside risks, global economic activity is expected to recover going forward as our economies gradually reopen and the impacts of our significant policy actions materialize. We are determined to continue to use all available policy tools to safeguard people’s lives, jobs and incomes, support global economic recovery, and enhance the resilience of the financial system, while safeguarding against downside risks.

IMF Managing Director Urges Further Action To Secure A Resilient Recovery

Date 18/07/2020

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of the virtual meeting of the Group of 20 (G20) Finance Ministers and Central Bank Governors, chaired by Saudi Arabia:

Nadex Temporarily Amends Binary Contracts Strike Width

Date 17/07/2020

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 July 13, 2020 as indicated in the Weekly Notice. 

NYSE Member Firms Report First Quarter Results

Date 17/07/2020

New York Stock Exchange member firms that conduct business with the public reported a first-quarter 2020 after-tax profit of approximately $9.4 billion and revenues of approximately $60 billion, compared with approximately $4.5 billion after-tax profit on revenues of about $62 billion in the first-quarter of 2019.

Nadex Refrains from Listing Certain Contracts

Date 17/07/2020

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: 

CFTC Commitments Of Traders Update

Date 17/07/2020

The current reports for the week of July 14, 2020 are now available.

MIAX Exchange Group: Industry Presentation By CMRWG On CAT Compliance Rules

Date 17/07/2020

The MIAX Exchange Group is issuing this regulatory alert to inform MIAX Exchange Group Members of a scheduled industry presentation by the Cross Market Regulation Working Group (“CMRWG”) and FINRA CAT regarding SRO regulation of Consolidated Audit Trail (“CAT”) Compliance Rules and FINRA CAT’s role in CAT compliance.

ISDA - Derivatives In Sustainable Finance: Enabling The Green Transition

Date 17/07/2020

Yesterday, the European Capital Markets Institute (ECMI) of the Centre for European Policy Studies (CEPS) published a new paper on the role of derivatives in sustainable finance.

BOX Exchange: Industry Presentation By CMRWG On CAT Compliance Rules

Date 17/07/2020

BOX Exchange (“BOX”) is issuing this regulatory circular to inform BOX Participants of a scheduled industry presentation by the Cross Market Regulation Working Group (“CMRWG”) and FINRA CAT regarding SRO regulation of Consolidated Audit Trail (“CAT”) Compliance Rules and FINRA CAT’s role in CAT compliance.