News Centre

Opening Statement Of CFTC Chairman Heath P. Tarbert Before The April 22 Agricultural Advisory Committee Meeting

Date 22/04/2020

I am humbled to be the sponsor of the Agricultural Advisory Committee. The members of this committee and the industry groups that you are a part of have mobilized and risen to the challenge of feeding the nation during this COVID-19 (coronavirus) pandemic.  During these unprecedented times, agriculture plays an essential and critical role in addressing our country’s most basic needs. I realize a lot of you and your members are struggling, but I want to say thank you on behalf of the CFTC for the important work you are doing. It is truly an honor to know you.

Nadex Refrains From Listing Certain Contracts

Date 22/04/2020

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 Daily, Weekly or Intraday Natural Gas Binary contracts will be listed for the week of April 20, 2020;

• No Weekly FTSE 100 or Germany 30 Binary contracts will be listed for the week of April 20, 2020.

• Only the EUR/USD and USD/CAD 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm ET expiration time on trade date April 20, 2020.The EUR/JPY, AUD/USD, and USD/JPY 5-Minute Intraday Currency Binary contracts were also listed beginning with the 6:10pm ET expiration.All 5-Minute Intraday Currency Binary contract were listed beginning with the 6:15pm ET expiration.

• No GBP/JPY 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm and 6:10pm ET expiration times on trade dates April 21, 2020.All 5-Minute Intraday Currency Binary contracts were listed beginning with the 6:15pm ET expiration time.

• Only the EUR/USD, USD/JPY, and AUD/USD 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm and 6:10pm ET expiration times on trade date April 22, 2020. All 5-Minute Intraday Currency Binary contracts were listed beginning with the 6:15pm ET expiration time.

SIFMA Statement On The CAT Reporter Agreement

Date 22/04/2020

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO regarding the Consolidated Audit Trail (CAT) and the CAT Reporter Agreement industry members are required to sign by the self-regulatory organizations (SROs) to gain access to the database:

“SIFMA and its members are supportive of the CAT and its regulatory intent but remain concerned regarding the risks of sensitive customer information being compiled in one government-mandated database. Broker-dealers should not bear the liability of a breach in the CAT database, over which they have no control.  SIFMA’s guiding principle is ‘they who hold the data bear the liability.’ The liability for any CAT breach should rest with the SROs as they hold, maintain and control the data. The SROs improperly denied broker-dealers the ability to report data in compliance with the law, including failing to properly propose the CAT Reporter Agreement for notice and comment. Because our members are committed to seeing CAT proceed, we are asking the SEC to set aside the SRO denial of access and stay the application of the reporting agreement. This would allow CAT reporting to proceed according to the proposed schedule, while reviewing and resolving the obvious flaws in the proposed agreement.”

CFT Swaps Report Update

Date 22/04/2020

CFTC's Weekly Swaps Report has been updated, and is now available.

Nadex Delays Launch Of GDP Event Binary Contracts

Date 22/04/2020

On April 8, 2020, Nadex submitted to the Commission notice that Nadex planned to launch its new GDP Event Binary contract on April 22, 2020.  Nadex has decided to temporarily delay the launch of this contract, and will post a notice on its website of the new launch date.

British Columbia Securities Commission Imposes Nearly $37 Million In Penalties Against Insurance Company Group And Its Founders

Date 22/04/2020

A British Columbia Securities Commission (BCSC) panel ordered a group of companies in B.C., Alberta and Ontario to pay a total of $32.8 million for making misrepresentations to hundreds of investors, illegally selling securities and unregistered trading.

Nadex Product Schedule For The Week Of April 27, 2020

Date 22/04/2020

Nadex will observe the following product specific trading hours for the week of April 27, 2020:

• Monday, April 27, 2020: The Exchange will observe regular business hours. Weekly Germany 30 and China 50 contracts listed on this date will have a settlement date of Thursday, April 30, 2020. All other Weekly contracts will expire according to their regular schedule.
• Wednesday, April 29, 2020: The Exchange will observe regular business hours. No Japan 225 contracts will be offered on this date.
• Thursday, April 30, 2020: The Exchange will observe regular exchange hours. Weekly Germany 30 and China 50 contracts will expire on this trade date.
• Friday, May 1, 2020: The Exchange will observe regular exchange hours. No Germany 30 or China 50 contracts will be offered for this trade date.

EBA Provides Further Guidance On The Use Of Flexibility In Relation To COVID-19 And Calls For Heightened Attention To Risks

Date 22/04/2020

Following up on its strategic communications of 12th, 25th, 31st March and 2nd April, the European Banking Authority (EBA) provides today further clarity on how additional flexibility will guide supervisory approaches in relation to market risk, the Supervisory Review and Evaluation Process (SREP), recovery planning, digital operational resilience and ICT risk and securitisation.  At the same time, the EBA notes the need for stringent attention by supervisors and financial institutions in relation to key risks in these areas. 

MF Executive Board – IMF COVID-19 Response—A New Short-Term Liquidity Line To Enhance The Adequacy Of TTTTThe Global Financial Safety Net

Date 22/04/2020

The Covid-19 pandemic has created severe disruption in the global financial system, with many emerging market and developing countries (EMDCs) facing liquidity shortages. In the context of intensified demand for liquidity and heightened global uncertainty, on April 15, 2020 the IMF Executive Board approved a Short-term Liquidity Line (SLL).

Finansinspektionen Issues Skandia Liv A Warning

Date 22/04/2020

Skandia Liv has not calculated its capital need and commitments to its customers realistically or correctly for several years. This has entailed that the company’s customer protection and the company’s solvency have not been fairly assessed. Skandia Liv is therefore receiving a warning and an administrative fine of SEK 35 million.