News Centre

CFTC Approves Final Rule On Amendments To The Swap Portfolio Reconciliation Requirement

Date 02/05/2016

The U.S. Commodity Futures Trading Commission (CFTC) today approved a final rule to amend a requirement that swap dealers (SD) and major swap participants (MSP) exchange the terms of swaps with their counterparties for portfolio reconciliation so that SDs and MSPs need only exchange the “material terms” of swaps. This requirement is found in CFTC Regulation 23.500(i).

PEGAS - Statement Regarding The Process For Adjustment Of The Conversion System In Quality-Overlapping Market Areas

Date 02/05/2016

In 2012, the German gas industry largely agreed on a phase-out of the fee for converting H-Gas into L-Gas and vice versa within the framework of Konni Gas. After a gradual reduction, the conversion fee was to be abolished on 1stOctober 2016. Until Friday 22nd of March, the German Bundesnetzagentur consulted on a possible extension to end of March 2017 and beyond that date. In its statement, PEGAS acknowledges that the cost of conversion, which have lately increased, need to be covered. However, while this can be achieved via the conversion fee, alternative measures that are market based should be explored first. Details can be found in the statement.

Statement Of CFTC Commissioner J. Christopher Giancarlo Regarding The Final Rule On Amendments To The Definitions Of “Portfolio Reconciliation” And “Material Terms” For Purposes Of Swap Portfolio Reconciliation

Date 02/05/2016

I support the final rule amending the definitions of portfolio reconciliation and material terms for purposes of swap portfolio reconciliation. I commend the Commission and Division of Swap Dealer & Intermediary Oversight staff for replacing no-action relief with a rulemaking subject to a cost-benefit analysis and the notice and comment requirements of the Administrative Procedure Act.

OCC Cleared Contract Volume Increased Two Percent In April - Securities Lending Activity Up 46 Percent In April And 44 Percent Year-To-Date - ETF Options Volume Up 13 Percent From 2015

Date 02/05/2016

OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in April was 339,522,257 contracts, up two percent from April 2015 monthly volume of 331,552,965 contracts. Average dailyvolume at OCC is up five percent in 2016 with 17,123,650 contracts. OCC’s stock loan program reported strong volume numbers in April with year-to-date activity up 44 percent. 

OneChicago Announces Trading Volume For April 2016 - YTD Volume Outpacing 2015 By 38%

Date 02/05/2016

OneChicago, LLC (OCX), a securities finance exchange, today announced its April 2016 volume of 799,990, an increase of 41% 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. 

The Arab Federation of Exchanges Annual Conference 2016

Date 02/05/2016

The Arab Federation of Exchanges Annual Conference ended on Thursday 28 April, 2016 which was hosted by Amman Stock Exchange (ASE) under the patronage of the Prime Minister H.E Dr. Abdullah Ensour over two days 27&28 April, 2016.  More than 400 participants attended the conference from local, regional, and international exchanges, regulatory bodies of the financial markets, brokerage firms, investment fund managers, investment banks, selective high net worth individuals, economic journalists, research firms, corporate/listed companies, rating agencies, technical associations, and banks.

MGEX Reports 12th-Highest Monthly Volume Of All-Time

Date 02/05/2016

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports a total volume of 212,021 from the month of April, making it the 12th-best month in the history of the Exchange.  

The European Federation Of Investors And Financial Services Users: Democratic Oversight Financial Reporting Standards Found Lacking By European Parliament

Date 02/05/2016

The Committee on Economic and Monetary Affairs (ECON) of the European Parliament (EP) voted on the text of an own-initiative report evaluating the International Accounting Standards (IAS) and highlighting some of the shortcomings in the standard-setting activities of the International Financial Reporting Standards (IFRS) Foundation and the European Financial Reporting Advisory Group (EFRAG). 

PEGAS Trading Volumes In April 2016 - PEGAS Volume Doubles Year-On-Year

Date 02/05/2016

The pan-European gas trading platform PEGAS registered a total volume of153.7 TWh in April 2016, which represents almost the double of the volume traded over the same period last year (April 2015: 77.0 TWh). The increase was driven by a volume increase on the futures market with 104.2 TWh (April 2015: 30.5 TWh).

Trading Statistics April 2016 - Eurex Exchange: ADV 6.1 Million Contracts, ISE: ADV 2.3 Million Contracts

Date 02/05/2016