News Centre

Dalian Commodity Exchange: Smooth Operation Of Corn Starch Futures On 1st Listing Day

Date 24/12/2014

On December 19, the corn starch futures were officially listed and traded on Dalian Commodity Exchange (DCE), and the first listing day recorded brisk trading of the futures with the trading volume reaching 17,121 contracts (unilaterally, the same below), the turnover amounting to RMB 482 million and the open interests standing at 3,620 contracts. According to the participants in the corn deep-processing industry observing the trading on the scene, the corn starch futures showed rational performance and moderate liquidity, which met the market expectations, and the future development is promising.

Shanghai Futures Exchange: Announcement On Distribution Of Amendments To Steel Rebar And Natural Rubber Contract Specifications

Date 24/12/2014

In order to fully implement Opinions of the State Council on Further Promoting the Healthy Development of Capital Market, better meet market demands and serve real economy, the Exchange makes amendments to Steel Rebar Contract Specifications of the Shanghai Futures Exchange and Natural Rubber Contract Specifications of the Shanghai Futures Exchange. These amendments to steel rebar and natural rubber contract specifications are examined at the provisional meeting of the Second Board of Directors of the Exchange and approved by China Securities Regulatory Commission.

Montréal Exchange Market Holiday - Xmas Period

Date 24/12/2014

Interest rate derivative trading will cease at 1:30 p.m. and equity, currency, index and ETF derivative trading will cease at 1:00 p.m. today, December 24, 2014. Furthermore, the Exchange's offices and markets will be closed on December 25 and 26, 2014 (Christmas Day and Boxing Day).

SEC Issues Annual Staff Reports On Credit Rating Agencies

Date 23/12/2014

The Securities and Exchange Commission today issued its annual staff report on the findings of examinations of credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs) and submitted a separate report on NRSROs to Congress. 

Bahamas International Securities Exchange Appoints New Chairman

Date 23/12/2014

The Bahamas International Securities Exchange is pleased to announce the appointment of Mr. Andrew Strachan as the new Chairman of the Board of Directors for The Bahamas International Securities Exchange (BISX). Mr. Strachan takes over as the Chairman of BISX after having served in the capacity of Deputy Chairman for the last year, and he replaces Mr. Ian D. Fair who has served as BISX’s Chairman for the past 15 years.

MIAX Options - January 1, 2015 Fee Changes - Market Maker Volume Tiers And Priority Customer Rebate Program

Date 23/12/2014

Effective January 1, 2015, pending SEC approval, the MIAX Options Fee Schedule will be amended as follows:

1. The MIAX Market Maker Sliding Scale Transaction Fees will be amended to include the addition of a new initial tier for monthly market maker contracts at 0.03% and below and adjustments to the percentage of market maker contracts required per month for existing Tiers 1-3.
2. The Priority Customer Rebate Program will be amended to reflect adjustments to the percentage thresholds of national customer volume required in Tiers 3 and 4.

CFTC Staff Extends Time-Limited No-Action Relief To Eurex Clearing And Its U.S. Clearing Members

Date 23/12/2014

The U.S. Commodity Futures Trading Commission’s (Commission) Division of Clearing and Risk (Division) today extended the no-action relief granted in CFTC Letter 14-27 to Eurex Clearing AG (Eurex Clearing) and its clearing members that are U.S. persons (each, a U.S. Clearing Member).

SEC Charges California-Based Stock Promoter With Defrauding Investors Seeking Pre-IPO Facebook And Twitter Shares - SEC Announces Separate Case Against Broker In Texas For Alleged Involvement

Date 23/12/2014

The Securities and Exchange Commission today charged a stock promoter based in Santa Barbara, Calif., with fraudulently raising nearly $3.5 million from investors purportedly to purchase Facebook and Twitter shares prior to their initial public offerings (IPOs).

OCC Approves New Capital Plan - Existing Stockholders To Contribute $150 Million In Equity Capital And Provide Replenishment Capital Commitments - Members To Receive 2014 Refund Of Approximately $40 Million And Reduced Fees In 2015

Date 23/12/2014

OCC announced today its Board of Directors approved a newly formed capital plan designed to comply with proposed new standards for covered clearing agencies. Under the plan, OCC’s existing stockholders, Chicago Board Options Exchange, Incorporated, International Securities Exchange, LLC, NASDAQ OMX PHLX LLC, NYSE MKT LLC, and NYSE Arca, Inc. will contribute $150 million in equity capital, increasing OCC shareholders’ equity to approximately $247 million by Q1 2015. The existing stockholders will also commit to provide specified replenishment capital if needed. The plan, which is subject to regulatory approval, and approval by the exchange stockholders’ boards of directors, will enable OCC to be compliant with the proposed new standards by February 2015, well in advance of the expected implementation date.

FINRA Warns Investors Of E-Cigarette Stock Scams

Date 23/12/2014

The Financial Industry Regulatory Authority (FINRA) issued a new Investor Alert called E-Cigarette Stock Scams: New Smoking Technology Could Light Up Pump-and-Dump Fraud warning investors of aggressive promotions touting stocks that claim to capitalize on the e-cigarette and vaporizer, or "vape," market. FINRA's Alert follows the Securities and Exchange Commission's recent trading suspension for a company that purported to make disposable electronic cigarettes because of concerns about manipulative activity related to the company's common stock.