News Centre

Japan Exchange Group: Integration Of Derivatives Market At JPX

Date 24/03/2014

Japan Exchange Group, Inc. (JPX) announced "Integration of Derivatives Market at JPX".

Please refer to the following website.

• Integration of Derivatives Market at JPX(JPX Website)

Dubai Financial Market Enrols 4 New Brokerage Firms To Accredited Margin Trading Members

Date 23/03/2014

• The value of Margin Trading is amounted to AED 48.5 billion, representing 8.5% of DFM trading value 
• DFM enrols 4 new brokerage firms to accredited Margin Trading members
• The number of providers jumps to 16 after accrediting Al Jazeera Financial Services, Awraq Islamic for Shares and Bonds, Al Dar Shares and Bonds and Daman Securities

Federal Reserve Governor Jeremy C. Stein At The International Research Forum On Monetary Policy, Washington, D.C. , March 21, 2014, Incorporating Financial Stability Considerations Into A Monetary Policy Framework

Date 22/03/2014

I would like to talk today about how one might explicitly incorporate financial stability considerations into a monetary policy framework. Doing so involves tackling two questions--one that is relatively easy and one that is much harder. The easier question is, should financial stability concerns, in principle, influence monetary policy decisions? 

TOM MTF Statistics Week 12, 2014

Date 21/03/2014

Click here to download the weekly statistics update of TOM MTF for week 12, 2014. 

CFTC Division Of Swap Dealer And Intermediary Oversight Issues No-Action Letter Regarding The De Minimis Threshold For Swaps With Utility Special Entities

Date 21/03/2014

The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (Division) issued a letter today providing no-action relief from certain requirements in the de minimis exception from the definition of the term “swap dealer.” The no-action relief allows an entity to deal in utility operations-related swaps, as that term is defined in the letter, and not be required to register as a swap dealer, provided that the aggregate gross notional amount of swap dealing activity does not exceed $8 billion per year.

Statement Of CFTC Commissioner Scott D. O’Malia, Revised Relief From The De Minimis Threshold For Certain Swaps With Utility Special Entities

Date 21/03/2014

I am pleased that the Commission staff has issued this revised relief to exclude utility operations-related swaps from the calculation of the de minimis threshold. This relief is a step in the right direction to address the impact on certain utilities that are special entities that were inadvertently caught up by the Commission’s rules. I have long called for such relief. Although my preferred approach would be to address this issue through a rulemaking that is subject to the Administrative Procedure Act, I appreciate the Commission staff’s effort to address some of the concerns that these entities have raised with the Commission. If the Commission is serious about helping end-users, I challenge the Commission to complete a new rule before the second anniversary of the petition seeking an amendment of Commission regulation 1.3(ggg)(4) (i.e., July 12, 2014).

An Ohio Federal Court Rules Against Defendants In CFTC Fraud Action And Orders Patrick Cole And Global Strategic Marketing, Inc. To Pay Over $2.2 Million In Sanctions In Connection With Foreign Currency Ponzi Scheme

Date 21/03/2014

The U.S. Commodity Futures Trading Commission (CFTC) announced today that Judge David D. Dowd Jr. of the U.S. District Court for the Northern District of Ohio granted summary judgment and issued a Memorandum Opinion, a Judgment Entry, and a permanent injunction Order (collectively Order) against Defendants Patrick Cole of Ontario, Canada, and his company, Global Strategic Marketing, Inc. (GSM) in a CFTC enforcement action and finds that the Defendants committed fraud in connection with a multi-million dollar off-exchange foreign currency (forex) Ponzi scheme (see CFTC Release 5921-10, October 7, 2010). 

BATS 1000 Index Rose 1.0% This Week

Date 21/03/2014

BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) rose 215.43 points this week to close at 21,033.76 as of the 4 p.m. ET market close today.  

CFTC’s Division of Market Oversight Provides Extension of Temporary No-Action Relief with respect to Swaps Trading on Multilateral Trading Facilities Overseen by Competent Authorities Designated by European Union Member States

Date 21/03/2014

The Commodity Futures Trading Commission’s (CFTC or Commission) Division of Market Oversight (DMO) today announced the issuance of a no-action letter extending time-limited relief for (1) Multilateral Trading Facilities overseen by competent authorities designated by European Union Member States (MTFs) from the swap execution facility (SEF) registration requirement set out in section 5h(a)(1) of the Commodity Exchange Act (CEA or Act) and Commission regulation 37.3(a)(1); and (2) parties executing swap transactions on or pursuant to the rules of MTFs from the trade execution mandate set out in section 2(h)(8) of the Act.

Federal Reserve Issues Corrected Results For The 2014 Dodd-Frank Act Stress Test

Date 21/03/2014

The Federal Reserve on Friday issued corrected results for the 2014 Dodd-Frank Act stress test.  For 26 of the 30 firms, the correction led to either no change or at most a 0.1 percentage point change in the firms' minimum, post-stress tier 1 common capital ratios in the severely adverse scenario.  The change led to a 0.3 percentage point increase at two firms, a 0.2 percentage point decrease at one firm, and a 0.5 percentage point decline at another.