News Centre

ASX Group Monthly Activity Report - June 2024

Date 04/07/2024

Trading – Cash Markets (including equities, interest rate and ETP trades)

• In June 2024, the average daily number of trades was up 19% on the pcp. The average daily value traded on-market of $5.597 billion was down 2% on the pcp. 
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in June, compared to 0.6% in the pcp. 
• Future volatility (as measured by the S&P/ASX 200 VIX) in June was an average of 10.9, down 9% on pcp.

Securities Commission Malaysia Warns Public On Pre-IPO Investment Scams

Date 04/07/2024

The Securities Commission Malaysia (SC) today cautioned the public on investment scams enticing investors with pre-Initial Public Offering (IPO) shares of companies seeking listing on Bursa Malaysia. 

B.C. Securities Commission: Crypto Trading Platform Operator Violated Securities Act

Date 03/07/2024

A B.C. Securities Commission (BCSC) panel has found that the operator of a crypto trading platform facilitated derivatives transactions without being registered and ran an illegal exchange in B.C.

Minutes Of The Federal Open Market Committee, June 11–12, 2024

Date 03/07/2024

The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on June 11–12, 2024.

Statement Of CFTC Commissioner Caroline D. Pham Regarding Rule 11 Sanctions Motion In CFTC v. Traders Global Group

Date 03/07/2024

I have recently reviewed the allegations against the CFTC in the publicly reported Rule 11 sanctions motion in CFTC v. Traders Global Group and become aware of the admonishments in the Court’s opinion dated November 14, 2023. This is a grave matter, and we, the Commission, will be subject to intense scrutiny over how we handle the alleged CFTC misconduct. This type of behavior cannot be tolerated at a law enforcement agency. Tone comes from the top, and therefore, I urge my fellow Commissioners to consider my below recommendations to finally take full accountability and appropriate corrective action to address the conduct issues and support CFTC staff.

Nodal Exchange Achieves Record Growth In Power, Environmental And Natural Gas Markets In The First Half Of 2024

Date 03/07/2024

Nodal Exchange today announced strong performance in power, environmental, and natural gas futures as of the end of June 2024. Nodal achieved record half year power volume for the first half of 2024 with 1.64 billion MWh traded, up 6% from 1.54 billion MWh traded in the first half of 2023. Nodal Exchange is the leading power futures exchange in North America with the majority of U.S. power futures open interest. Nodal’s 1.377 billion MWh of open interest as of end of June 2024 represents $128 billion of notional value based on both sides. U.S. power futures open interest on Nodal Exchange grew 8% year over year as of the end of June.

Statement Of CFTC Commissioner Caroline D. Pham On Filing Of Complaint In CFTC v. Traders Global Group

Date 03/07/2024

I am seriously concerned about the Commission’s rush to the wrong side of history because we are failing to put in the bare minimum amount of work necessary to get it right. It is my job to uphold the Commodity Exchange Act and the Commission’s jurisdiction so that we can faithfully execute our mission to protect the American people from fraud, manipulation, and abusive trading practices in our markets, and for that reason, I cannot stay silent. The alleged fraud in this case is reprehensible, and it is my hope that justice will be served and that the victims are made whole.

CFTC: Federal Court Enters Summary Judgment Against Oregon Man And Orders $83 Million In Restitution For Fraud Victims

Date 03/07/2024

The Commodity Futures Trading Commission today announced Judge Mary Rowland of the U.S. District Court for the Northern District of Illinois entered an order granting summary judgment to the CFTC on all counts of its complaint. Judge Rowland also ordered more than $83.7 million in restitution and $36.9 million in disgorgement jointly and severally against Sam Ikkurty of Oregon and Jafia, LLC, Ikkurty Capital, LLC d/b/a Rose City Income Fund I, Rose City Income Fund II, and Seneca Ventures, LLC (defendants). In addition, the summary judgment order also found the defendants misappropriated funds through a carbon offset program.

Cboe Global Markets Reports Trading Volume For June 2024

Date 03/07/2024

Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported June 2024 trading volume statistics across its global business lines and provided guidance for selected revenue per contract/net revenue capture metrics for the second quarter of 2024.

Basel Committee Approves Disclosure Framework And Capital Standard For Banks' Cryptoasset Exposures And Amendments To Interest Rate Risk In The Banking Book Standard, And Agrees To Consult On Third-Party Risk Principles

Date 03/07/2024

• Basel Committee approves disclosure framework for banks' cryptoasset exposures and agrees to make targeted amendments to its cryptoasset standard.
• Agrees to update the interest rate shock sizes and associated methodology in its interest rate risk in the banking book standard.
• Agrees to consult on updated principles for the sound management of third-party risk.