Dalian Commodity Exchange

Nodal Exchange Named Commodity Exchange of the Year by Energy Risk

Retrieved on: 
Friday, May 12, 2023
Environment, Finance, Other Energy, Utilities, Oil, Gas, Professional Services, Alternative Energy, Green Technology, Energy, Dalian Commodity Exchange, New York Mercantile Exchange, Exchange, Multimedia, Cryptocurrency

Nodal Exchange has been named 2023 Commodity Exchange of the Year by Energy Risk magazine.

Key Points: 
  • Nodal Exchange has been named 2023 Commodity Exchange of the Year by Energy Risk magazine.
  • The prestigious Energy Risk Awards, now in their third decade, recognize excellence in financial risk management across the commodities sector.
  • Nodal Exchange is the market leader in North American power futures achieving a record 52.4% share of open interest at the end of April 2023.
  • “Nodal Exchange is honored to receive the Commodity Exchange of the Year award from Energy Risk for the sixth time,” said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear.

TOP Expands into OTC Derivatives Business in Multiple Market

Retrieved on: 
Tuesday, October 25, 2022
Association, Offering, New York Mercantile Exchange, Review, OTC, OSE, NASDAQ, Securities and Futures Commission, Goal, Acquisition, Private Securities Litigation Reform Act, Nasdaq, GLOBE, Hong Kong China Ferry Terminal, Chicago Board of Trade, Hong Kong Futures Exchange, Forward-looking statement, RMB, Technology, Securities Association of China, Osaka Exchange, Company, Dalian Commodity Exchange, CEO, Chicago, SEC, Eurex Exchange, TOP, Singapore Exchange, Security (finance), Chicago Mercantile Exchange, Financial adviser

Hong Kong China, Oct. 25, 2022 (GLOBE NEWSWIRE) --  TOP Financial Group Limited (“TOP” or the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced that the company is planning to initiate its over-the-counter (OTC) derivatives business in 2023. In addition to existing exchange traded equities, futures and options, TOP will add the OTC derivatives, which including China A-share, Hong Kong and US stock options.

Key Points: 
  • In addition to existing exchange traded equities, futures and options, TOP will add the OTC derivatives, which including China A-share, Hong Kong and US stock options.
  • Derivatives market presents tremendous opportunity for us.
  • Just China A share market alone, the derivatives products were RMB 2.08 trillion1 (USD 328 billion) in January 2022, and the U.S. derivatives market was RMB several hundred trillion.
  • The major participants in the OTC stock options market include large institutional investors such as mutual funds, commercial banks, pension funds, and funds of funds, and private investors.

TOP Financial Group Limited Enters into Share Purchase Agreement to Acquire Australian Broker Top 500 Sec PTY Ltd.

Retrieved on: 
Thursday, September 1, 2022
Eurex Exchange, Chicago, Security (finance), Chicago Mercantile Exchange, CEO, Dalian Commodity Exchange, Hong Kong Futures Exchange, Hong Kong China Ferry Terminal, NASDAQ, New York Mercantile Exchange, Securities and Futures Commission, Chicago Board of Trade, Agreement, SEC, Financial assistance (share purchase), Osaka Exchange, Goal, GLOBE, Company, Target, OSE, Private Securities Litigation Reform Act, Acquisition, Singapore Exchange, Review, Forward-looking statement, Financial adviser

Pursuant to the Agreement, the Company agrees to acquire, and PRO800 Limited (the Seller) agrees to sell, 100% of the equity interest in the Target for a total consideration of $700,000.

Key Points: 
  • Pursuant to the Agreement, the Company agrees to acquire, and PRO800 Limited (the Seller) agrees to sell, 100% of the equity interest in the Target for a total consideration of $700,000.
  • The closing of the transaction is conditioned upon completion of due diligence reviews of the Target and any required regulatory approvals.
  • The Target is a profitable broker that owns an Australian Financial Services License (AFSL:328866) and is principally engaged in providing financial services business in Australia that includes arranging or providing financial advice on financial products such as derivatives, foreign exchange contracts, stock and bond issuance etc.
  • The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

TOP Financial Group Limited Announces Corporate Name Change

Retrieved on: 
Friday, July 22, 2022
Goal, Hong Leong Financial Group, GLOBE, Singapore Exchange, Chicago Board of Trade, Hong Kong China Ferry Terminal, Forward-looking statement, SEC, Chicago Mercantile Exchange, OSE, Private Securities Litigation Reform Act, New York Mercantile Exchange, Securities and Futures Commission, Osaka Exchange, Dalian Commodity Exchange, NASDAQ, Eurex Exchange, Review, Company, Security (finance), Certificate of incorporation, Chicago, Hong Kong Futures Exchange

Hong Kong China, July 22, 2022 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced that on July 13, 2022, the shareholders of the Company approved an amendment to the Companys certificate of incorporation to change the Companys name from Zhong Yang Financial Group Limited to TOP Financial Group Limited.

Key Points: 
  • Hong Kong China, July 22, 2022 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced that on July 13, 2022, the shareholders of the Company approved an amendment to the Companys certificate of incorporation to change the Companys name from Zhong Yang Financial Group Limited to TOP Financial Group Limited.
  • The Companys ordinary shares are trading under the symbol TOP and will start trading under the new corporate name TOP Financial Group Limited on July 22, 2022.
  • For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release.
  • The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Zhong Yang Financial Group Limited Announces Results of Special Meeting of Shareholders

Retrieved on: 
Thursday, July 14, 2022
TOP, Goal, SEC, Eastern Time Zone, Security (finance), Chicago Mercantile Exchange, Securities and Futures Commission, Chicago Board of Trade, New York Mercantile Exchange, OSE, Company, Eurex Exchange, Review, GLOBE, Private Securities Litigation Reform Act, Singapore Exchange, Chicago, Hong Kong China Ferry Terminal, Forward-looking statement, Dalian Commodity Exchange, Proxy, NASDAQ, Osaka Exchange, Hong Kong Futures Exchange, Association

A total of 30,007,331 votes, representing 85.61% of the votes exercisable as of the record date of the special meeting of shareholders of the Company, were present in person or by proxy at the meeting.

Key Points: 
  • A total of 30,007,331 votes, representing 85.61% of the votes exercisable as of the record date of the special meeting of shareholders of the Company, were present in person or by proxy at the meeting.
  • The proposals were approved by the shareholders.
  • Ms. Junli Yang, Chairwoman of TOP commented: I would like to thank our shareholders for their strong support for these important changes, which we expect will enhance our corporate profile in the market.
  • The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Zhong Yang Financial Group Limited Announces Closing of $25,000,000 Initial Public Offering

Retrieved on: 
Friday, June 3, 2022
Risk management, Contract, New York Mercantile Exchange, Goal, Chicago, Company, Eurex Exchange, Offering, LLC, Form, Securities and Futures Commission, Osaka Exchange, Forward-looking statement, Software, SEC filing, Security (finance), Singapore Exchange, CFD, Hong Kong Futures Exchange, Dalian Commodity Exchange, U.S. Securities and Exchange Commission, Common stock, Sale, Hong Kong China Ferry Terminal, GLOBE, Chicago Board of Trade, Private Securities Litigation Reform Act, Review, Nasdaq, Prospectus, UBS, OSE, Chicago Mercantile Exchange, NASDAQ, SEC, Morgan Stanley, Internet, Capitol Limited, Rockefeller Center, Suite, Property management, Financial adviser

Hong Kong China, June 03, 2022 (GLOBE NEWSWIRE) -- Zhong Yang Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced the closing of its initial public offering (the "Offering") of 5,000,000 ordinary shares (the "Ordinary Shares") at a public offering price of $5.00 per share for total gross proceeds of $25,000,000 before deducting underwriting discounts and offering expenses.

Key Points: 
  • Hong Kong China, June 03, 2022 (GLOBE NEWSWIRE) -- Zhong Yang Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced the closing of its initial public offering (the "Offering") of 5,000,000 ordinary shares (the "Ordinary Shares") at a public offering price of $5.00 per share for total gross proceeds of $25,000,000 before deducting underwriting discounts and offering expenses.
  • The Offering closed on June 3, 2022 and the Ordinary Shares began trading on June 1, 2022 on The Nasdaq Capital Market under the ticker symbol "TOP".
  • Univest Securities, LLC served as lead book-running manager for the offering; Valuable Capital Limited served as joint book runner.
  • Ortoli Rosenstadt LLP served as counsel to the Company, and Hunter Taubman Fischer & Li LLC served as counsel to the underwriters.

Zhong Yang Financial Group Limited Announces Pricing of $25,000,000 Initial Public Offering

Retrieved on: 
Wednesday, June 1, 2022
Risk management, Contract, New York Mercantile Exchange, Goal, Company, Chicago, Eurex Exchange, Offering, LLC, Form, Securities and Futures Commission, Osaka Exchange, Forward-looking statement, Software, SEC filing, Security (finance), Singapore Exchange, CFD, Hong Kong Futures Exchange, Dalian Commodity Exchange, U.S. Securities and Exchange Commission, Sale, Hong Kong China Ferry Terminal, GLOBE, Chicago Board of Trade, Private Securities Litigation Reform Act, Review, Nasdaq, Prospectus, UBS, OSE, Chicago Mercantile Exchange, NASDAQ, SEC, Morgan Stanley, Internet, Capitol Limited, Rockefeller Center, Suite, Property management, Financial adviser

Hong Kong China, June 01, 2022 (GLOBE NEWSWIRE) -- Zhong Yang Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced the pricing of its initial public offering (the "Offering") of 5,000,000 ordinary shares (the "Ordinary Shares") at a public offering price of $5.00 per share for total gross proceeds of $25,000,000 before deducting underwriting discounts and offering expenses.

Key Points: 
  • Hong Kong China, June 01, 2022 (GLOBE NEWSWIRE) -- Zhong Yang Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced the pricing of its initial public offering (the "Offering") of 5,000,000 ordinary shares (the "Ordinary Shares") at a public offering price of $5.00 per share for total gross proceeds of $25,000,000 before deducting underwriting discounts and offering expenses.
  • The Offering is expected to close on June 3, 2022, subject to customary closing conditions.
  • Univest Securities, LLC is acting as lead book-running manager for the offering; Valuable Capital Limited is acting as joint book runner.
  • The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Colt adds seven Mainland China Exchanges to its Market Data Services Portfolio

Retrieved on: 
Tuesday, August 31, 2021
INE, SDN, DCE, HKEX, ZCE, City, Dalian Commodity Exchange, China Financial Futures Exchange, Shanghai Stock Exchange, Method, Shanghai Futures Exchange, Software-defined networking, Zhengzhou Commodity Exchange, DNA, CFFEX, Market data, SSE, SZSE, NFV, Shenzhen Stock Exchange, Hong Kong Stock Exchange, SHFE, API, Network function virtualization, Computer data storage, Online shopping

TOKYO, Aug 31, 2021 - (ACN Newswire) - Colt Technology Services today announced the expansion of its portfolio of Market Data services to incorporate Mainland China.

Key Points: 
  • TOKYO, Aug 31, 2021 - (ACN Newswire) - Colt Technology Services today announced the expansion of its portfolio of Market Data services to incorporate Mainland China.
  • This new and unique proposition, available in Europe, North America and Asia, make Colt the only comprehensive provider of market data coverage for stock, futures and commodity exchanges across the country.
  • Market Data services for the Shanghai Futures Exchange (SHFE), Dalian Commodity Exchange (DCE) and Shanghai International Energy Exchange (INE) will be added in Q3 2021.
  • As a licensed market data provider, Colt offers raw and normalised feeds at consistently low latencies, even during periods of volatility.

Mysteel Singapore Contracts with Trading Technologies to Launch Interdealer Broker Trading Venue for Metals Futures

Retrieved on: 
Wednesday, August 25, 2021
Professional Services, Technology, Manufacturing, Finance, Software, Steel, CME, New York Mercantile Exchange, SGX, Singapore Exchange, CTAS, DCE, Human, Technology, Iron, LME, Administrative building of the North-Kazakhstan regional executive committee, Region, London Metal Exchange, TT, Partnership, CEO, Dalian Commodity Exchange, Steel, Comprehensive Technologies International, Inc. v. Software Artisans, Inc., Chicago Mercantile Exchange, Nanjing Medical University – Jiangsu Institute of Economic and Trade Technology station, View, MCS, Financial services

Mysteel will operate the venue, which will go live in Q4 2021 using a private matching solution developed by TT.

Key Points: 
  • Mysteel will operate the venue, which will go live in Q4 2021 using a private matching solution developed by TT.
  • Initially, Mysteel will support trading in iron ore and steel, with plans to add other products in the future.
  • We expect this will be extremely appealing to serious commodity players, said Mark Pottle, Regional Executive Sales Director, Trading Technologies.
  • Trading Technologies ( www.tradingtechnologies.com , @Trading_Tech ) creates professional trading software, infrastructure and data solutions for a wide variety of users, including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers.

OCC July 2021 Total Volume Up 29.2 Percent from a Year Ago

Retrieved on: 
Tuesday, August 3, 2021
Banking, Professional services, Finance, Financial markets, Futures exchanges, Futures markets, Futures contract, Option, Economy of Chicago, Dalian Commodity Exchange, LME Nickel

Year-to-date average daily cleared contract volume through July was 39,175,394 contracts, up 38.2 percent compared to July 2020.

Key Points: 
  • Year-to-date average daily cleared contract volume through July was 39,175,394 contracts, up 38.2 percent compared to July 2020.
  • Options: Total exchange-listed options cleared contract volume was 790,038,364, up 29.2 percent compared to July 2020.
  • Equity options cleared contract volume was 749,029,013 contracts, up 28.6 percent compared to July 2020.
  • Futures: Total futures cleared contract volume was 4,755,345, a 35.4 percent increase compared to July 2020.