News Centre

TOCOM Foreign Customer Trades Ratio All Time High of 49.8% Of Total Volume In August 2015

Date 18/09/2015

The Tokyo Commodity Exchange, Inc announced today that the August 2015 monthly volume of customer trades (combined sell & buy sides) originating overseas was 2,394,206 contracts, accounting for 49.8 percent of the total trades of 4,811,704 contracts. This renewed the all-time high monthly volume of foreign customer trades recorded in April 2013 at 2,244,433 contracts, and the record ratio of 49.6% reached in March 2015.

Dalian Commodity Exchange, Ping An Bank Ink Strategic Cooperation Agreement

Date 18/09/2015

On September 14, Dalian Commodity Exchange (DCE) and Ping An Bank (PAB) singed the strategic cooperation agreement at Dalian Futures Building, where Feng Bo, CEO of DCE, and Shao Ping, president of Ping An Bank, signed the agreement on behalf of the two sides.

New Zealand's Financial Markets Authority: Third Guilty Plea Entered In OPI Pacific Finance Case

Date 18/09/2015

A former director of OPI Pacific Finance, Craig Robert White, has today pleaded guilty to misleading investors in a prosecution taken by the Financial Markets Authority (FMA).

CFTC Orders Pennsylvania Resident Robert M. McMahon To Pay $171,800 Civil Monetary Penalty And Imposes Permanent Trading And Registration Bans For Engaging In Deceptive Trade Allocation Scheme

Date 18/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Robert M. McMahon of Mt. Pocono, Pennsylvania, for engaging in a deceptive trading scheme involving Henry Hub Natural Gas Futures (NG) contracts, traded on the New York Mercantile Exchange (NYMEX). The CFTC Order requires McMahon to pay a $171,800 civil monetary penalty and imposes permanent trading and registration bans on him. The Order also requires McMahon to cease and desist from further violations of the Commodity Exchange Act, as charged.

New Zealand's Financial Markets Authority: Sentences Delivered In OPI Pacific Finance case

Date 18/09/2015

Two former directors of OPI Pacific Finance Limited, Mark Lawrence Lacy and Jason Robert Duncan Maywald, have today been sentenced in the Auckland High Court.

CFTC Charges Florida Company Mintco LLC And Florida Residents Stuart Rubin And Richard Q. Zimmerman With Engaging In Illegal, Off-Exchange Precious Metals Transactions And Defrauding Customers

Date 18/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement Complaint in the U.S. District Court for the Southern District of Florida against Mintco LLC of Delray Beach, Florida, and its principals Stuart Rubin of Fort Lauderdale and Richard Q. Zimmerman of Wellington, Florida. The CFTC Complaint charges the Defendants with engaging in illegal and fraudulent off-exchange transactions in precious metals with retail customers. The Complaint further alleges that Rubin and Zimmerman controlled Mintco and are liable as controlling persons for Mintco’s violations of the Commodity Exchange Act (CEA).

State Street Fed Comment: Now It's A Waiting Game Again

Date 18/09/2015

Comment from Lee Ferridge, head of North American macro strategy, State Street Global Markets, on the US Federal Reserve's interest rate decision:

“The consensus going into today’s announcement was fairly split on whether rates would be raised.  After reading the statement, it seems that concerns over China, late-summer volatility and stubbornly low inflation influenced their decision to keep rates unchanged. Additionally, the Fed’s international focus has increased the importance of US dollar strength, with the dollar becoming the doorway by which the global economy affects the domestic one. Now it’s a waiting game again and every upcoming meeting is on the table so long as data and conditions can justify a move. However, there is no guarantee that the conditions will be satisfactory ahead of the end of 2015.”

CFTC Orders Australia And New Zealand Banking Group Ltd. To Pay A $150,000 Penalty For Inaccurate Large Trader Reports For Physical Commodity Swap Positions

Date 18/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Australia and New Zealand Banking Group Ltd. (ANZ), an Australia-based financial services company, for failing to comply with its obligation to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4 and 20.7. The CFTC Order requires ANZ to pay a $150,000 civil monetary penalty and to cease and desist from committing further violations of the CEA and CFTC Regulations, as charged.

CFTC Orders Indiana Resident Terry Lee Phillips And His Two Companies To Pay Restitution And A Civil Monetary Penalty Totaling More Than $234,000 For Fraud And Misappropriation

Date 18/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges against Terry Lee Phillips of Indianapolis, Indiana, and his two companies, Phillips Investment & Trust LLC and Corporate I Communications & Technology Inc. (the Respondents), charging them with defrauding investors who provided funds to Phillips to trade commodity futures in a designated contract market. In addition, none of the Respondents has ever been registered with the CFTC, as required.

US Equities Industry ADV In August 2015 Was 7.9 Bn, Highest In Four Years, According To TABB Equities LiquidityMatrix For August 2015

Date 18/09/2015

US equities industry average daily volume in August 2015 was 7.9 billion, the highest in four years, says TABB Group research analyst Valerie Bogard, who compiles and analyzes the TABB Equities LiquidityMatrix™.