News Centre

DGCX Celebrates 15th Year Anniversary Today

Date 22/11/2020

Established in 2005, the DGCX today stands as the largest and most diversified derivatives exchange in the Middle East, providing guaranteed settlement and reduced counterparty risk through the Dubai Commodities Clearing Corporation (DCCC), a 100% owned subsidiary by DGCX. 

DIFC Signs Agreement With leading Israeli Bank - Bank Hapoalim

Date 21/11/2020

• The agreement demonstrates DIFC’s contribution to the United Arab Emirates’ desire to forge business ties with Israel
• Outlines intent to encourage cooperation across financial services activities and the future of finance agenda
• Bank Hapoalim, one of Israel’s leading financial institutions, will use DIFC’s platform to access banking and FinTech opportunities in the Middle East, Africa and South Asia (MEASA) from Dubai

Alongside G20 Summit, IRTI Launches Saudi Arabia Islamic Finance Country Report

Date 21/11/2020

In conjunction with the G20 Summit being held in Saudi Arabia on 21-22 November 2020, the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has launched the Kingdom of Saudi Arabia Islamic Finance Country Report.

Joint Trade Associations Paper Requesting An Extension Of The Third-country Benchmarks Transition Period

Date 20/11/2020

On November 20, 2020, ISDA and 13 other trade associations, published a paper expressing concern that the EU Benchmarks Regulation (BMR) third-country benchmarks regime transition period should be extended to end-2025. The European Parliament and the Council of the European Union are in final negotiations on a revision of BMR, with the council having supported an extension to end-2025 in its version of the draft text.

IMF Executive Board Approves US$185.32 Million In Emergency Support To Nicaragua To Address The COVID-19 Pandemic

Date 20/11/2020

• The IMF Executive Board approved today Nicaragua’s request for emergency financial assistance of US$185.32 million to help the country meet urgent balance of payments needs stemming from the COVID-19 pandemic.
• Emergency financing will be used to accommodate urgently needed health related and social spending.
• The authorities will transfer one half of the emergency funds to the United Nations Office for Project Services (UNOPS) and the World Food Programme (WFP) that will assist with the transparent execution of targeted expenditure.

US Federal Agencies Provide Temporary Relief To Community Banking Organizations

Date 20/11/2020

The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their growth in size from the coronavirus response.

Remarks Of CFTC Chairman Heath P. Tarbert On Self-Regulation At Northwestern University’s Brodsky Family JD-MBA Lecture

Date 20/11/2020

Well thank you so much Steve, and I also want to thank Dean Speta, Dean Cornelli, the Brodsky family, faculty, students, staff, distinguished guests, and visitors. It is a true honor for me to be here today.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 20/11/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of November 16, 2020 as indicated in the Weekly Notice. 

Federal Reserve Announces College Fed Challenge Winners

Date 20/11/2020

Dartmouth College won the 17th annual national College Fed Challenge on Friday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from Hanover, New Hampshire, represented the Boston Federal Reserve District and included Ayan Agarwal, Utsav Jalen, Kira Koehler, Tench Coxe, and Zach Olson. The team's advisers were Elisabeth Curtis and C. Frank Zarnowski.

Nadex Refrains From Listing Certain Contracts

Date 20/11/2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No GBP/JPY or GBP/USD 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date November 19, 2020.