News Centre

Shenzhen Stock Exchange Market Overview 2017, Issue 1

Date 04/01/2017

Recently, China Financial Futures Exchange (CFFEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), Pak China Investment Company Limited and Habib Bank Limited as a consortium have won the bid to purchase a 40% stake in the Pakistan Stock Exchange. The three exchanges will hold 30% of Pakistan Stock Exchange’s shares. The investment is conducive to broadening of the economic and financial cooperation between the two countries and facilitates the implementation of the Initiatives of One Belt One Road and China-Pakistan Economic Corridor. The investment puts new contents in the traditional friendship between China and Pakistan. Under the premise of controllable risks, the Consortium will implement the follow-up of equity acquisition in line with the principle of equality, cooperation, mutual benefit and win-win situation.

Office Of The Comptroller Of The Currency Bulletin: Industrial And Commercial Metals: Final Rule

Date 03/01/2017

Summary

The Office of the Comptroller of the Currency (OCC) has issued a final rule prohibiting national banks and federal savings associations (FSA) from dealing or investing in “industrial or commercial metal.” Under the final rule, the term “industrial or commercial metal” means metal (including an alloy) in a physical form primarily suited to industrial or commercial use, for example, copper cathodes. The effective date of the final rule is April 1, 2017. The final rule includes a divestiture period, which provides that national banks and FSAs must dispose of industrial or commercial metal acquired through dealing or investing activities as soon as practicable, but not later than five years from the effective date.1 The final rule supersedes a prior OCC interpretation which permitted national banks to trade copper.2

Statement Of CFTC Chairman Timothy Massad On His Resignation As Chairman

Date 03/01/2017

“For the past two and a half years, I’ve had the privilege of working alongside the very talented CFTC staff, and I thank them for their dedication on behalf of the American people. I also want to express my appreciation to my fellow Commissioners, Sharon Bowen and Chris Giancarlo, for the constructive and collaborative engagement we have had throughout my tenure. I am also very grateful to President Obama for giving me the opportunity to lead this important agency."

FIA: Lukken Thanks CFTC Chairman Tim Massad For His Service

Date 03/01/2017

Upon the announcement that Commodity Futures Trading Commission (CFTC) Chairman Tim Massad will step down on January 20, FIA president and CEO Walt Lukken released the following statement thanking him for his service to the industry:

“Chairman Massad has provided steady leadership at the CFTC, characterized by his thoughtful approach to policymaking. He made it a priority to speak with industry members to gain insights and gather feedback on key issues. In particular, he made strides in the efficient and effective cross-border harmonization of regulatory initiatives. Our industry appreciates that he has been a strong advocate for client clearing in both CFTC rules and in regards to the Basel Committee’s treatment of initial margin in the leverage ratio capital requirements. We thank him for his service to our industry and the public.”

Statement Of CFTC Commissioner Chris Giancarlo Regarding The Resignation Of Chairman Tim Massad

Date 03/01/2017

Statement of Commissioner Chris Giancarlo regarding the resignation of Tim Massad as Chairman of the CFTC as of January 20:

"I commend Tim on his tenure as Chairman. It has been a distinct honor to serve with him. Along with Commissioner Bowen, our time together has been one of mutual respect and genuine interest in the health of our U.S. markets."

Statement Of CFTC Commissioner Sharon Y. Bowen On Chairman Timothy G. Massad’s Announcement

Date 03/01/2017

It has been a privilege to work alongside Chairman Massad over the past two and a half years. His leadership, grit and forward thinking attitude allowed our agency to make significant progress towards protecting market participants and the investing public. Chairman Massad inherited an agency still dealing with the aftermath of the financial crisis of 2008 and his tireless work helped bring confidence back to the markets. It has been fitting that an organization as hardworking as the CFTC would have an equally dedicated chairman. While I believe that the commission still has a great amount of work to do, I also believe that Chairman Massad has reason to be proud of the many accomplishments that this agency has achieved under his chairmanship. I hope that future chairpersons build upon his work here. It has truly been a pleasure working with him and I thank him for his service.

CFTC Chairman Timothy Massad Announces Resignation As Chairman

Date 03/01/2017

Chairman Timothy G. Massad today said he has tendered to President Obama his resignation as Chairman of the U.S. Commodity Futures Trading Commission, effective on January 20, 2017. Mr. Massad issued the following statement:

“For the past two and a half years, I’ve had the privilege of working alongside the very talented CFTC staff, and I thank them for their dedication on behalf of the American people. I also want to express my appreciation to my fellow Commissioners, Sharon Bowen and Chris Giancarlo, for the constructive and collaborative engagement we have had throughout my tenure. I am also very grateful to President Obama for giving me the opportunity to lead this important agency."

OneChicago Announces Trading Volume For December 2016 - Exchange Posts Firth Consecutive Record Year – Total YTD Volume Tops 12.3 Million, An Increase Of 6% Over Prior Year

Date 03/01/2017

OneChicago, LLC (OCX), a securities finance exchange, today announced its December 2016 volume of 1,344,535, a decrease of 9% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.   

MGEX Records 2nd-Highest Annual Volume Of All-Time

Date 03/01/2017

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has concluded its 2nd-best calendar year volume of all-time, with a total volume of 2,185,098.

U.S. Treasury Department: Federal Advisory Committee On Insurance (FACI) To Meet January 5

Date 03/01/2017

On Thursday, January 5, the Department of the Treasury’s Federal Advisory Committee on Insurance (FACI) will convene in open session.  During this meeting, the FACI will discuss a number of insurance issues, including blockchain technology in the insurance sector, the changing auto safety landscape, and an overview of insurance fraud. The Committee will also receive updates from its subcommittees.