News Centre

Taiwan Futures Exchange Newsletter - March 2023

Date 07/03/2023

Taiwan Futures Exchange (TAIFEX) is set to apply the Dynamic Price Banding Mechanism (DPBM) to Gold Options (TGO) and Single Stock Options (STO) in the first and second half of 2023, respectively. Up to then, DPBM will be applicable to all products. Additionally, TAIFEX plans to expand the Kill Switch mechanism to client transactions, and implement the Cancel on Disconnect for proprietary traders. These measures aim to further enhance market efficiency and stability. Along with the development of digitalization as well as to keep account opening procedure safe and easy, TAIFEX has allowed FCMs to use Mobile Identification (Mobile ID) verification in the account opening process by amending related rules, effective from Feb 18, 2023.

SEC Charges Rio Tinto plc With Bribery Controls Failures

Date 06/03/2023

The Securities and Exchange Commission today announced charges against global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme involving a consultant in Guinea. The company has agreed to pay a $15 million civil penalty to settle the SEC’s charges.

Meta To Participate In The Morgan Stanley Technology, Media & Telecom Conference

Date 06/03/2023

 Meta Platforms, Inc. (NASDAQ: META) today announced that Susan Li, chief financial officer, and Javier Olivan, chief operating officer, will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023 at 11:20 a.m. Pacific Time.

US Acting Comptroller Of The Currency Discusses Trust In Global Banking, Lessons For Crypto

Date 06/03/2023

Acting Comptroller of the Currency Michael J. Hsu today discussed building and maintaining trust in global banking in remarks at the Institute for International Bankers.

CFTC Commissioner Johnson To Participate On A Panel At FIA Boca 2023

Date 06/03/2023

Remarks By US Under Secretary For International Affairs Jay Shambaugh At The Institute Of International Bankers’ Annual Washington Conference

Date 06/03/2023

Thank you for that introduction, Beth. 

I would like to thank the IIB for inviting me to speak today.  The IIB is an important voice in efforts to promote a well-functioning financial system, which makes this a good setting to discuss where we stand in those efforts.  I’d will talk about our recent experience, the lessons learned, and the important work we still must undertake. 

MIAX Exchange Group - Options And Equities Markets - Daylight Saving Time - March 2023

Date 06/03/2023

Please be advised the MIAX Options, MIAX Pearl Options, MIAX Emerald Options and MIAX Pearl Equities Exchanges are scheduled to begin Daylight Saving Time at 2:00 AM on Sunday, March 12, 2023.  The MIAX Exchange Group will adjust the system times ahead 1 hour for trading beginning Monday, March 13, 2023.

Retail Investor Sentiment On Crude Oil Rose In February As OPEC Anticipates Demand Growth - Spectrum Markets

Date 06/03/2023

• Monthly SERIX sentiment for both WTI and Brent indices has strengthened steadily since early last year
• Re-opening of Chinese economy and reduced supply forecasts from Russia affecting outlook
• WTI sentiment reached highest point since August 2021

SEC Files Emergency Action Against Miami Investment Adviser BKCoin And Principal Kevin Kang For Orchestrating $100 Million Crypto Fraud Scheme

Date 06/03/2023

The Securities and Exchange Commission today announced that it filed an emergency action in which it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, in connection with a crypto asset fraud scheme. From at least October 2018 through September 2022, BKCoin raised approximately $100 million from at least 55 investors to invest in crypto assets, but BKCoin and Kang instead used some of the money to make Ponzi-like payments and for personal use.

EBS Direct Announces Rulebook Changes To Help Drive Industry Adoption Of FX Global Code

Date 06/03/2023

EBS, a leading provider of electronic trading platforms and technology services in foreign exchange markets, today announced an update to its liquidity provider eligibility criteria for EBS Direct, its relationship-based quote-driven market, to help accelerate the industry shift towards full compliance with the FX Global Code.