News Centre

ASIC: NSW Man Jailed For Market Manipulation

Date 25/09/2015

Following an ASIC investigation, Nigel Derek Heath of New South Wales was convicted and sentenced today after pleading guilty to two market manipulation charges in the District Court.

Dalian Commodity Exchange Boosts Growth, Innovation Of Agricultural Products Market

Date 25/09/2015

At the “Eighth International Corn Industry Conference” held in Wuhan on September 17, an official of the agricultural products business division of Dalian Commodity Exchange (DCE) said that with the steady growth in market size in recent years, the agricultural products market at DCE has formed a relatively complete hedging chain for the products of the corn industry. Meanwhile, vigorously advancing the innovation in systems by implementing the “warehouse receipts switch” and other new systems and measures, DCE has joined hands with large business groups to provide more convenience in delivery for the medium, small and micro-sized enterprises, which generated significant effects in the market. In the future, by promoting innovation in more systems such as the “group delivery system”, DCE will adapt to the actual situation of the spot market and the demands of the enterprises, so as to improve the capacity of the futures market for serving the real economy.

ISDA Publishes Australian Single-Sided Reporting Letter

Date 25/09/2015

The International Swaps and Derivatives Association, Inc. (ISDA) today published the ISDA Australian Single-Sided Reporting Letter, which allows certain market participants to take advantage of the Australian single-sided reporting regime for Phase 3 Entities.

Dalian Commodity Exchange: Circular On Adjustments To Minimum Trading Margin And Price Limits And After-Hours Trading Time During The 2015 National Day

Date 25/09/2015

According to Clause 9 of the “Measures of Dalian Commodity Exchange for Risk Management” and after determination upon discussion, DCE will make the following adjustments to the trading margin and price limits of each product before and after the market closure during the 2015 National Day:

Statement On Final Judgment Entered Against BBX Capital Corporation And Alan B. Levan, Andrew Ceresney, SEC Director, Division Of Enforcement, Sept. 24, 2015

Date 25/09/2015

“We are pleased that the judgment holds BBX and Levan accountable for their financial crisis misdeeds, imposes substantial financial penalties on them, and for two years bars Levan from serving as an officer or director of a publicly traded company.   We will continue to hold CEOs and other senior executives of public companies accountable, including through trials, if they engage in financial fraud and other violations of the federal securities laws.”

California Lt. Governor Gavin Newsom And Golden State Warriors Celebrate Grand Opening Of The Nasdaq Entrepreneurial Center

Date 24/09/2015

The Nasdaq Entrepreneurial Center today opened the doors to its 13,000 square-foot, ultra-modern facility in San Francisco's South Financial District. California Lt. Gov. Gavin Newsom and 2015 NBA Champion Golden State Warriors Center, Festus Ezeli, joined Nasdaq officials, CEO Bob Greifeld and Vice Chairman Bruce Aust, in ringing the Nasdaq Closing Bell remotely from San Francisco in celebration of the Center's launch.

Statement On New Rulemaking Website, Commissioner Luis A. Aguilar, U.S. Securities And Exchange Commission*

Date 24/09/2015

I want to commend Chair White for her announcement today of a new website that will provide increased visibility into the Commission’s rulemaking process.[1] The new website can be found here: http://www.sec.gov/rules/rulemaking-index.shtml. When I approached the Chair with this concept, she immediately recognized its importance and moved to implement it. This website will provide the public with enhanced transparency and regulatory certainty about the progress of proposed rules. Furthermore, this website will help the Commission to better monitor and assess the progress of its pending rule proposals. In recent years, it has become even more important that the Commission be able to accurately monitor its rulemaking process because shifting priorities, a massive workload, and periodic turnover of Commission personnel can slow the progress of rulemaking. This project also underpins recent statements I have made on increased transparency in Commission Orders and the Commission’s waiver process.[2]Ultimately, by pulling back the shades on the Commission’s rulemaking process, the Commission strengthens its protocols and enhances its credibility with the investing public.

Harmoney Completes $200m Funding Round With A Valuation Of $100m - Working Capital To Accelerate Growth in NZ And Australia - Investment By World's Leading P2P Investment Fund, P2P Global Investments PLC

Date 24/09/2015

Harmoney Corp Limited, Australasia's largest and fastest growing peer to peer lending marketplace, today announced that the company has completed a $200m funding round, led by P2P Global Investments PLC (P2PGI) managed by Eaglewood Europe LLP (a subsidiary of alternative asset manager Marshall Wace).

CFTC Grants Nodal Clear, LLC Registration As A Derivatives Clearing Organization

Date 24/09/2015

Nodal Clear, LLC, the new clearing house subsidiary of Nodal Exchange, announced today that it has been granted registration as a derivatives clearing organization (DCO) by the U.S. Commodity Futures Trading Commission (CFTC). Nodal Clear is the first DCO to elect to become a Subpart C DCO at the time of its registration.

Speech By Federal Reserve Chair Janet L. Yellen, At The Philip Gamble Memorial Lecture, University Of Massachusetts, Amherst, Amhearst, Massachusetts, September 24, 2015, Inflation Dynamics And Monetary Policy

Date 24/09/2015

I would like to thank Michael Ash for his kind introduction and the University of Massachusetts for the honor of being invited to deliver this year's Philip Gamble Memorial Lecture.

In my remarks today, I will discuss inflation and its role in the Federal Reserve's conduct of monetary policy. I will begin by reviewing the history of inflation in the United States since the 1960s, highlighting two key points: that inflation is now much more stable than it used to be, and that it is currently running at a very low level. I will then consider the costs associated with inflation, and why these costs suggest that the Federal Reserve should try to keep inflation close to 2 percent. After briefly reviewing our policy actions since the financial crisis, I will discuss the dynamics of inflation and their implications for the outlook and monetary policy.