News Centre

Shanghai Futures Exchange: Notification On Market Risk Control During Holidays Of The Tomb Sweeping Day

Date 01/04/2014

With the coming of the Tomb Sweeping Day of 2014, we will close from April 5 to 7. As the global economic and financial situations are very complex and changeable recently and there are many uncertain factors affecting the market operation, all members are required to do well in risk control, appropriately increase the trading margin according to the position-holding amount and risks of each investor, and strictly manage investors’ doposit and withdrawal of money. Besides, they should remind investors of careful operation and rational investment, and maintain technical systems and ensure network security during the holidays for smooth operation of the market.

Tokyo Commodity Exchange: Final Settlement Price Of Crude Oil For March 2014 Contract

Date 01/04/2014

Final settlement price of Middle East Crude Oil for March 2014 contract is 67,100 yen.

Shanghai Stock Exchange: Business Of Bond Repayment On Installments Adjusted

Date 01/04/2014

Since the end of last year, reduction of bond nominal value has been adopted for the business of repayment on installments for the bonds listed on the Shanghai Stock Exchange (SSE) according to the new rule. On October 18, 2013, the “SSE Trading Rules” (amended in 2013) issued by the SSE stipulated that reduction of bond nominal value should be mainly adopted for bond repayment on installments, and reduction of bond positions or other ways could be adopted according to market conditions. Reduction of bond nominal value for the business of bond repayment on installments is conducive to improving the efficiency of the business. When bond issuers repay on installments, the bond positions held in the investors’ accounts will remain unchanged, with the nominal value of one lot of bonds reduced correspondingly. Besides, payable bond interests should be calculated according to the adjusted bond nominal value. Opening reference price after repayment on installments = closing price before the day for repayment on installments – 100 * the ratio to be repaid this time.

NASDAQ OMX Holds First Quarter 2014 Investor Conference Call

Date 01/04/2014

NASDAQ OMX (Nasdaq:NDAQ) has scheduled its First Quarter 2014 results announcement.

Federal Court Orders Two Florida Men And Their Companies To Pay More Than $3.3 Million In Restitution And Penalties To Settle Charges Stemming From Role In Illegal, Off-Exchange Precious Metals Transactions - The CFTC Sued John King And Newbridge Alliance, Inc., And David A. Moore And United States Capital Trust, LLC, In Scheme Orchestrated By Hunter Wise Commodities, LLC

Date 31/03/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on February 26, 2014, Judge Donald M. Middlebrooks of the U.S. District Court for the Southern District of Florida in Miami entered permanent injunction Orders against Florida residents John King and his company Newbridge Alliance, Inc. (Newbridge), and David A. Moore and his company United States Capital Trust, LLC(USCT), who the CFTC sued for their role in a multi-million dollar precious metals scheme orchestrated byHunter Wise Commodities, LLC and related companies (Hunter Wise) (see related press release 6447-12and Complaint.)

BGC Partners Updates Its Outlook For The First Quarter Of 2014

Date 31/03/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today announced that it has updated its outlook for the first quarter of 2014.

ISDA Announces Annual Determinations Committees Outcome

Date 31/03/2014

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the outcome of the annual process to determine members of ISDA's five regional Determinations Committees (DCs), which together comprise the global decision-making structure around events in the credit default swaps (CDS) industry.

SIFMA And FSR Comment On Dissemination Of Asset-Level Data By ABS Issuers, Ask SEC To Re-Propose ABS Releases

Date 31/03/2014

SIFMA and the Financial Services Roundtable on Friday submitted comments to the Securities and Exchange Commission (SEC) that express significant concerns with its February 25, 2014 staff memorandum that suggests the framework under which securitization issuers would disseminate asset-level and other offering information to investors and potential investors, as required under the Commission’s proposed offering, disclosure, and reporting requirements for asset-backed securities (ABS) commonly referred to as Reg AB2.  The Associations' letter reflects the views of its issuer, dealer and sponsor members. The comment letter is available here: http://www.sifma.org/issues/item.aspx?id=8589948242. 

CFTC: Federal Court Orders Ward Onsa Of Marco Island, Florida And His Company, New Century Investment Management LLC Of Southampton, Pennsylvania To Pay $5.7 Million Civil Monetary Penalty For Operating A Commodity Pool Ponzi Scheme

Date 31/03/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on March 20, 2014, Judge Mary A. McLaughlin of the U.S. District Court for the Eastern District of Pennsylvania entered a final judgment Order imposing a civil monetary penalty of almost $6 million against Defendants Ward Onsa of Marco Island, Florida, and his company, New Century Investment Management LLC (New Century), of Southampton, Pennsylvania, in a CFTC enforcement action. The court’s March 20, 2014, Order followed an earlier default judgment Order entered on December 5, 2011, finding that the Defendants had committed fraud and imposing registration and trading bans.

The Known Unknowns Of Central Clearing, Speech By Benoît Cœuré, Member Of The Executive Board Of The ECB, At The Meeting On Global Economy And Financial System Hosted By The University Of Chicago Booth School Of Business Initiative On Global Markets, Coral Gables, 29 March 2014

Date 31/03/2014

Ladies and gentlemen,

Today, I want to share some thoughts with you on central clearing.