News Centre

DGCX Surpasses The Three Million Contracts Mark In 2011 - Exchange Crosses A Significant Milestone On October 18, 2011 - 105% Increase In Year-To-Date Volume Compared To 2010

Date 20/10/2011

The Dubai Gold and Commodities Exchange (DGCX) today announced that its total traded volume for 2011 surpassed the three million contracts mark on October 18, 2011, a significant milestone achieved in the history of the Exchange.

European Commission Seeks Criminal Sanctions For Insider Dealing And Market Manipulation To Improve Deterrence And Market Integrity

Date 20/10/2011

Investors who trade on insider information and manipulate markets by spreading false or misleading information can currently avoid sanctions by taking advantage of differences in law between the 27 EU Member States. Some countries’ authorities lack effective sanctioning powers while in others criminal sanctions are not available for certain insider dealing and market manipulation offences. Effective sanctions can have a strong deterrent effect and reinforce the integrity of the EU’s financial markets. That is why the European Commisison proposes today EU-wide rules to ensure minimum criminal sanctions for insider dealing and market manipulation. For the first time, the Commission is using new powers under the Lisbon Treaty to enforce an EU policy through criminal sanctions. The proposed Directive requires Member States to take the necessary measures to ensure that the criminal offences of insider dealing and market manipulation are subject to criminal sanctions. Member States will also be required to impose criminal sanctions for inciting, aiding and abetting market abuse, as well as for attempts to commit such offences. The Directive complements today’s proposal for a Regulation on Market Abuse, which improves the existing EU legislative framework and reinforces administrative sanctions.

European Commission: New Rules For More Efficient, Resilient And Transparent Financial Markets In Europe

Date 20/10/2011

In recent years, financial markets have changed enormously. New trading venues and products have come onto the scene and technological developments such as high frequency trading have altered the landscape. Drawing lessons from the 2008 financial crisis, the G20 agreed at the 2009 Pittsburgh summit on the need to improve the transparency and oversight of less regulated markets – including derivatives markets - and to address the issue of excessive price volatility in commodity derivatives markets. In response to this, the European Commission has today tabled proposals to revise the Markets in Financial Instruments Directive (MiFID). These proposals consist of a Directive and a Regulation and aim to make financial markets more efficient, resilient and transparent, and to strengthen the protection of investors. The new framework will also increase the supervisory powers of regulators and provide clear operating rules for all trading activities. Similar discussions are taking place in the United States and other major global financial centres.

EEX: Trading In French Financial Futures Scheduled To Start On 24 November

Date 20/10/2011

On 24 November 2011, EEX Power Derivatives will launch trading in French Financial Futures. The new contracts are month, quarter and year futures which are settled by means of cash settlement – unlike the physical futures which can be traded so far. The price on the spot market, which is established in the daily EPEX SPOT auction for the French market area, constitutes the underlying for the settlement of  the French base and peak futures which takes place on every exchange trading day.

BME Publishes A New Book As Part Of Its Studies & Research Collection: “Opciones Y Futuros De Renta Variable: Manual Práctico”

Date 20/10/2011

Santiago Fernández Valbuena, Chairman of Telefónica Latin America, states in the book’s foreword: “this book will allow beginners to catch up quickly and efficiently with developments in the derivatives industry”

SFC, HKEx To Streamline Property Valuation Requirements For Applicants And Issuers

Date 20/10/2011

The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (SEHK), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), jointly published today the consultation conclusions on their proposed changes to the property valuation requirements for applicants and issuers.

Deutsche Börse Recognised Again For Its Achievements In Sustainability

Date 20/10/2011

Deutsche Börse has been confirmed for the seventh time in a row as a member of the Dow Jones Sustainability Indexes (DJSI World and DJSI Europe). The analysts gave particular recognition to the company for its group-wide compliance and risk management, corporate governance and active stakeholder engagement. The Dow Jones Sustainability Indexes are based on an analysis of the economic, environmental and social criteria of the 2,500 largest companies in the world, as measured by free-float market capitalisation. General and industry-specific criteria are evaluated and only companies with a sustainability profile in the top ten percent are admitted to the indices.

HKEx And Zhongguancun Science Park's Administrative Committee Sign MOU

Date 20/10/2011

Hong Kong Exchanges and Clearing Limited (HKEx) and the Administrative Committee of Zhongguancun Science Park in Beijing today (Thursday) signed a Memorandum of Understanding (MOU) on cooperation and the exchange of information.

EEX Admits Dutch Emissions Trading Registry NEa For The Primary Market Auction

Date 20/10/2011

The European Energy Exchange (EEX) has admitted the Dutch emissions trading registry NEa (Nederlandse Emissie Autoriteit) as a new trading participant on the Spot Market for Emission Allowances. NEa will take part in the auctions as a seller in the framework of the Dutch primary auction, which EEX will carry out for the years 2011 and 2012.

The Spanish Stock Exchange To Celebrate Its 180th Anniversary

Date 20/10/2011