trade Archives - The Industry Spread

DGCX Trades over 3 Million Contracts in a Month for the First Time

The Dubai Gold and Commodities Exchange (DGCX) in August traded over 3 million contracts in a month for the first time ever, smashing its previous record of 2.38 million contracts set in July. The 3.22 million lots traded and cleared in August were valued at USD 52.72 billion, also an all-time record.

B.C. Residents and Nevada-based Company Breached Cease Trade Order and Made Misrepresentations

A British Columbia Securities Commission (BCSC) panel has found that three B.C. residents and a Nevada-based green energy company breached a cease trade order of the BCSC and failed to tell investors about the existence of the order. 

ecoTECH (now known as Dong Fang Hui Le Inc.) and three of its top executives, Chief Executive Officer Colin V. Hall, Chief Financial Officer Rolf Eugster and Director Anne Sanders, sold $55,100 worth of securities in 2013 to 16 investors despite a cease trade order issued by the BCSC in 2012. In addition, they failed to tell investors about the order.

A Financial Transaction Tax- a Tax Which Would Charge for Every Single Trade- has been Introduced in the US Congress.

Senator Bernie Sanders a Democrat of the State of Vermont, Senator Kristen Gillibrand a Democrat of the State of New York, and Congresswoman Barbara Lee a Democrat from the State of California, each introduced the Prosperity Act.  This proposed bill “imposes a tax of a fraction of a percent on the trades of stocks, bonds, and derivatives. This tax on Wall Street speculation, also known as a financial transaction tax, is estimated to generate up to $2.4 trillion in public revenue from wealthy investors over 10 years.

DTCC Provides Vision for Central Clearing in the U.S. Treasury Cash Market

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the release of a new white paper that explores the current structure of the U.S. Treasury securities market, highlighting potential risk and resiliency issues, and describing initiatives that could promote greater use of central clearing.

Become a Verified Broker – Financial Commission Announces Launch of New Certification Service in Partnership with VerifyMyTrade

April 24, 2019, The Financial Commission today announces the launch of a new certification service in partnership with VerifyMyTrade (VMT), an independent provider of trade pricing and execution analysis. The certification highlights Financial Commission’s efforts to bring Best Execution standards globally and is based on the best execution concept applied in major FX jurisdictions.

CFTC Staff Provides Further Brexit-Related Market Certainty

The Commodity Futures Trading Commission’s (CFTC) Divisions of Swap Dealer and Intermediary Oversight (DSIO), Market Oversight (DMO), and Clearing and Risk (DCR), today announced they will grant no-action relief to provide greater Market Certainty to the global marketplace in connection with the anticipated withdrawal of the United Kingdom of Great Britain and Northern Ireland (UK) from the European Union (EU) with or without a ratified withdrawal agreement (Brexit).

An Update on Canada’s Economic Resilience

The big picture over the summer has been that the global economy is doing well, despite some troubling developments on the trade front. Many countries around the world are continuing to grow and put people back to work.