News Centre

Dubai Mercantile Exchange Celebrates Five Years Of Consistent Growth In Trading Volumes

Date 14/08/2012

Dubai Mercantile Exchange (DME) is this month celebrating its fifth anniversary.  Since its launch in June 2007,  DME has established itself as the premier international energy futures and commodities exchange in the Middle East, recording consistent year-on-year trading growth. The Oman Crude Oil Futures Contract (DME Oman), the Exchange’s flagship contract, is now the most credible oil benchmark relevant to the Asian market.

ASIC Guidance On Crowd Funding

Date 14/08/2012

ASIC has today issued guidance to promoters of ‘crowd funding’ to clarify arrangements which may be regulated by ASIC under the Corporations Act 2001 (Corporations Act) and Australian Securities and Investments Commission Act 2001 (ASIC Act). 

Shanghai Futures Exchange: Notification On Lowering The Transaction Fee Standards For Each Variety

Date 14/08/2012

It is decided upon deliberation that the Exchange will make the following adjustments to the transaction fee standards for each variety since September 1st, 2012.

TMX Group Announces Filing Of Circular For Special Meeting Of Shareholders To Approve Subsequent Arrangement - Special Meeting Of Shareholders To Be Held At 10:00 Am On September 12, 2012

Date 14/08/2012

TMX Group Inc. ("TMX Group") today announced that it has filed on SEDAR the management information circular ("circular") for the special meeting of TMX Group shareholders to be held on September 12, 2012, where shareholders will be asked to approve the plan of arrangement involving TMX Group ("subsequent arrangement"). The circular is being made available on the TMX Group website at www.tmx.com and is being mailed to TMX Group shareholders.

July 2012 FIF Market Share And Market Dynamics Reports – Executive Summary

Date 13/08/2012

• 2012, off-exchange trading accounted for 31% of the shares traded in NMS Equity Securities.
• Share volumes in NYSE-listed securities decreased 10% monthly and 4% annually to 73 billion shares.
• NASDAQ-listed securities share volume decreased 8% monthly and 9% annually to 34 billion shares.

Firms Elect Three Industry Governors To FINRA Board Of Governors

Date 13/08/2012

The Financial Industry Regulatory Authority (FINRA) today announced the results of voting that took place at its 2012 Annual Meeting today in Washington, DC. In accordance with FINRA By-Laws, firms elected three Governors, one from among the small firms, one from among its mid-size firms and one from among the large firms. These three newly elected Governors begin their terms immediately. Governors are appointed or elected to three-year terms and may not serve more than two consecutive terms.

MGEX Announces Successful First Day Of Apple Juice Concentrate Contract Trading

Date 13/08/2012

MGEX,  a  Designated  Contract  Market  (DCM)  and  Derivatives  Clearing Organization (DCO), today launched the Apple Juice Concentrate (AJC) futures and options contract.  For the first time, market participants could access the AJC futures and options market, orders were placed, transactions were cleared by MGEX and quotes were distributed. There was trade activity in the November 2012 contract month.

ISDA Publishes August 2012 Dodd-Frank Protocol - ISDA And Markit Launch ISDA Amend To Automate Process

Date 13/08/2012

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of the August 2012 Dodd-Frank Protocol.

CFTC Settles Action Against Douglas Elsworth Wilson And Three California Companies For Solicitation Fraud, Misappropriating Customer Funds, And Issuing False Statements In Commodity Futures And Forex Scheme - Federal Court Orders Defendants To Pay Over $5.4 Million In Restitution And Civil Monetary Penalties

Date 13/08/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on August 9, 2012, a federal court in California entered a consent order that requires defendants Douglas Elsworth Wilsonof Poway, Calif., and three companies he controls and manages, Elsworth Berg Capital Management LLC (EBCM), Elsworth Berg Inc., and Elsworth Berg FX LLC (collectively, Elsworth Berg) jointly and severally to pay $3,965,670.71 in restitution to customers as well as a $1.5 million civil monetary penalty. The order also imposes permanent trading and registration bans and permanent injunctions against further violations of federal commodities law, as alleged.

CFTC Charges Colorado Resident Michael Bruce Gale With Commodity Pool Fraud - Gale Also Charged With Misappropriation, Commingling Investor Funds, False Statements, And Failure To Register - Federal Court Issues Emergency Order Freezing Gale’s Assets And Protecting Books And Records

Date 13/08/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a civil anti-fraud enforcement action against Michael Bruce Gale (Gale) of Littleton, Colo., individually and doing business as Capital Management Group (CMG). The CFTC complaint charges Gale with defrauding investors in connection with operating a commodity pool to trade commodity futures contracts, making false statements to pool participants, misappropriating pool funds, commingling investor funds with pool funds, and failing to register as a commodity pool operator with the CFTC.