News Centre

OCC Clears Record Monthly Volume In October

Date 01/11/2018

• Over 567 million contracts cleared in October, up 48.9 percent compared to 2017
• Fourth-highest single-day volume on October 11 at 37,989,245 contracts
• Cleared futures volume up 17.0 percent, securities lending CCP activity up 25.7 percent

NEX Markets Connects With Eurex To Launch New Clearing Solution For BrokerTec Europe Customers

Date 01/11/2018

NEX Markets, a NEX Group business providing electronic trading technology solutions at the centre of the FX and fixed income global markets, announces today that BrokerTec Europe Limited has worked with Eurex Clearing, one of the largest global CCPs, to launch a new clearing solution for the European repo market.

Brexit And The Future Economy Debated At PIMFA Annual Summit

Date 01/11/2018

PIMFA – the UK’s Personal Investment Management and Financial Advice association – yesterday hosted their Annual Summit. PIMFA’s CEO, Liz Field, welcomed over 270 senior industry figures to the conference which addressed key issues for the industry such as Brexit, the future of the UK economy, regulatory attitudes and how climate change will affect investment strategies.

ETFGI Reports Currency Hedged ETFs And ETPs Listed Globally Gathered Net Inflows Of US$506 Million During September

Date 01/11/2018

ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that currency hedged ETFs and ETPs listed globally gathered net inflows of US$506 billion during September 2018. Total assets decreased to US$146 billion at the end of September 2018, down 0.52% from US$147 billion at the end of August, according to ETFGI’s September 2018 Currency Hedged ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)

CME Group's First Multi-Lateral Equity Options Compression Cycle Successfully Reduces Nearly 590,000 Contract Sides

Date 01/11/2018

CME Group, the world's leading and most diverse derivatives marketplace, today announced four firms participated in its first-ever multi-lateral compression cycle for equity options on futures, which successfully reduced 587,000 contract sides and compressed portfolios submitted for this cycle by 22 percent.

TheCityUK: Financial Firms Seek Digital Shared Platform Solutions To Common Challenges

Date 01/11/2018

A new report by TheCityUK and Deloitte presents the strategic benefits, increased efficiencies and cost savings that could result from government, regulators and financial firms working together to develop shared digital platforms.

New York State Department Of Financial Services Grants Virtual Currency License To Coinsource, Inc.

Date 01/11/2018

Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinsource, Inc. for a virtual currency license. Coinsource owns and operates touchscreen kiosks, which allow customers to buy Bitcoin with, or sell Bitcoin for, fiat currency in the form of cash. Coinsource is the first DFS virtual currency licensee to operate Bitcoin Teller Machines (BTM).

Refinitiv Launches Quantitative Analytics Platform QA Direct In The Cloud With Microsoft Azure - The Cloud-Based Service Means Asset Managers And Hedge Funds Can Get Faster Access To Data For New Quant Initiatives And Spend More Time Testing Strategies, Optimizing Portfolios And Managing Risk

Date 01/11/2018

Building on its commitment towards consumption of its financial data in the Cloud, Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has launched its quantitative analytics platform QA Direct in the Cloud through Microsoft Azure.

Remarks Of CFTC Commissioner Rostin Behnam At The ASIFMA 2018 Annual Conference: Developing Asia’s Capital Markets, Singapore - FinTech, Friction, And Formula 1: A Learning Journey

Date 01/11/2018

Introduction

Thank you for the kind introduction.  It is a pleasure and honor to join you today.  I want to thank Mark Austen and the Asia Securities Industry and Financial Markets Association (ASIFMA) for inviting me to both deliver remarks and provide some perspectives on the global regulatory agenda.  Before I begin, please allow me to remind you that the views I express today are my own and do not represent the views of the Commodity Futures Trading Commission (CFTC or Commission) or my fellow Commissioners.

Today marks my last day of a 10-day trip through Asia during which I participated in ISDA’s Annual Japan Conference and visited with fellow regulators and market authorities and participants in Tokyo, Shanghai, Hong Kong, and Singapore.  Since I will be sharing my views on more defined global issues facing our markets in Panel 1, and I will be leaving Singapore this evening before tomorrow’s sessions covering the FinTech issues pulsing at the forefront of our markets, I would like to share some thoughts on bringing FinTech more conclusively into the regulatory fold.  This would help to ensure that structures are in place to limit—and not amplify—any shocks to the overall financial system in the event of a technology failure.

US Department Of Justice: Malaysian Financier Low Taek Jho, Also Known As “Jho Low,” And Former Banker Ng Chong Hwa, Also Known As “Roger Ng,” Indicted For Conspiring To Launder Billions Of Dollars In Illegal Proceeds And To Pay Hundreds Of Millions Of Dollars In Bribes - Former Banker Tim Leissner Pleaded Guilty To Conspiring To Launder Money And To Violate The Foreign Corrupt Practices Act Related To 1MDB

Date 01/11/2018

A three-count criminal indictment was unsealed today in federal court in the Eastern District of New York charging Low Taek Jho, 36, also known as “Jho Low,” and Ng Chong Hwa, 51, also known as “Roger Ng,” with conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials.  As part of the three-count indictment, Ng is also charged with conspiring to violate the FCPA by circumventing the internal accounting controls of a major New York-headquartered financial institution (Financial Institution), which underwrote more than $6 billion in bonds issued by 1MDB in three separate bond offerings in 2012 and 2013, while Ng was employed at the Financial Institution as a managing director.  Ng was arrested earlier today in Malaysia, pursuant to a provisional arrest warrant issued at the request of the United States.  Low remains at large.