News Centre

$18 Trillion Wiped Off Global Markets In First Half Of 2022, WFE Data Reveals - World Federation Of Exchanges Report Sheds Light On “Period Of Extreme Uncertainty”

Date 11/08/2022

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the Covid-19 pandemic.

Avelacom Invests In Its Low Latency Network In The Middle East And Turkey - The Latest Network Upgrades, New Partnerships And Connectivity Solutions Have Been Launched For Financial Services Companies That Are Increasingly Interested In The Region’s Capital Markets

Date 11/08/2022

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets today announces new optimised routes on its network to Istanbul (Bursa Istanbul), Riyadh (Saudi Stock Exchange, Tadawul) and Tel Aviv (Tel Aviv Stock Exchange, TASE). These new routes will encourage global traders to accelerate their presence in the region for continuous hedging and repositioning.

Dubai Clear And Saudi’s Securities Clearing Center Company “Muqassa” Sign Memorandum To Promote Mutual Cooperation And Share Knowledge

Date 11/08/2022

Dubai Clear, a subsidiary of the Dubai Financial Market (DFM) and The Securities Clearing Center Company “Muqassa”, a subsidiary of Saudi’s Tadawul Group, signed a Memorandum of Cooperation, creating a broad framework to strengthen collaboration and share knowledge on central clearing services as well as to actively explore ways of enhancing these services in line with international best practices.

Shanghai Futures Exchange: Notice On Investigation And Penalties For Violations Of Relevant Rules And Regulations In July 2022

Date 11/08/2022

Shanghai Futures Exchange (hereinafter referred to as “The Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. The enforcement against such violations in July 2022 are listed as follows:

London Stock Exchange Group Plc Purchase Of Own Shares

Date 11/08/2022

LSEG announces it has purchased the following number of its voting ordinary shares of 6^79/86 pence each from Goldman Sachs International ("GSI") on the London Stock Exchange pursuant to instructions issued by LSEG on 5 August 2022 as part of its share buyback programme, as announced on 5 August 2022.

SGX Group Reports Market Statistics For July 2022

Date 11/08/2022

• Iron ore lifts commodity derivatives volume to four-month high
• Growth in secondary fundraising despite challenging market conditions

ASIC Releases Research About Investment Behaviour

Date 11/08/2022

ASIC has released Report 735 Retail investor research (REP 735) capturing retail investor motivations, attitudes and behaviours in the period following the onset of the COVID-19 pandemic.

US Department Of Justice: Former J.P. Morgan Traders Convicted Of Fraud, Attempted Price Manipulation, And Spoofing In A Multi-Year Market Manipulation Scheme

Date 10/08/2022

A federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) today of fraud, attempted price manipulation, and spoofing in a multi-year market manipulation scheme of precious metals futures contracts that spanned over eight years and involved thousands of unlawful trading sequences.

Dissenting Statement Of CFTC Commissioner Summer K. Mersinger Regarding Proposed Amendments To Form PF

Date 10/08/2022

I am respectfully voting to dissent on the joint SEC/CFTC proposed rulemaking to amend Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds.  The class of registered investment advisers required to submit Form PF includes those that also are registered with the CFTC as commodity pool operators or commodity trading advisors. 

Dissenting Statement Of CFTC Commissioner Caroline D. Pham Regarding The Proposed Amendments To Form PF

Date 10/08/2022

I respectfully dissent from the proposed amendments to the Reporting Form for Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors (Form PF).  The proposed joint amendments, an action of the CFTC as well as the SEC, seem to impose overly broad obligations that would be unnecessarily burdensome and would present potentially significant operational challenges and costs without a persuasive cost-benefit analysis under the Commodity Exchange Act (CEA).  In a time of economic challenges, including rising inflation, we must be careful when considering proposals that could inhibit positive economic activity that supports American businesses and jobs.  I look forward to hearing from commenters as to the proposed amendments, including practical implementation issues and the relative costs and benefits of the proposal.