News Centre

Date 04/12/2023

Nasdaq November 2023 Volumes

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for November 2023 on its investor relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

Date 04/12/2023

ISDA: Milestone Update For The Common Domain Model

The Fintech Open Source Foundation (FINOS), in partnership with the International Swaps and Derivatives Association (ISDA), International Capital Market Association (ICMA) and the International Securities Lending Association (ISLA), has announced the launch of version 5.0 of the Common Domain Model (CDM), released in November. This major release, hosted on FINOS, features a multitude of technical, product and event improvements.

Date 04/12/2023

CFTC Issues Proposed Guidance Regarding The Listing Of Voluntary Carbon Credit Derivative Contracts

The Commodity Futures Trading Commission has approved a proposed guidance and request for public comment regarding the listing for trading of voluntary carbon credit derivative contracts. The proposed guidance outlines certain factors a CFTC-regulated exchange, or designated contract market, should consider when addressing requirements of the Commodity Exchange Act (CEA) and CFTC regulations that are relevant to the contract design and listing process.

Date 04/12/2023

The Statement Of Cash Flows: Improving The Quality Of Cash Flow Information Provided To Investors, Paul Munter, SEC Chief Accountant

Introduction: The Importance of Cash Flow Reporting for Investors

The statement of cash flows is integral to a complete set of financial statements, and it should therefore be subject to the same level of due professional care, effective internal controls, and robust, high-quality audit as other financial statements. Unfortunately, we have observed that preparers and auditors may not always apply the same rigor and attention to the statement of cash flows as they do to other financial statements, which may impede high quality financial reporting for the benefit of investors. This is evidenced by the statement of cash flows consistently being a leading area of financial statement restatements, and by our observations of material weaknesses in internal control over financial reporting (“ICFR”) around the preparation and presentation of the statement of cash flows.

Date 04/12/2023

Moscow Exchange Trading Volumes In November 2023

In November 2023, total trading volumes across Moscow Exchange’s markets were RUB 126.1 trln (RUB 74.8 in November 2022). Unless stated otherwise, all figures below refer to performance for August 2023 and all comparisons are with the same period last year.

Date 04/12/2023

Statement Of CFTC Commissioner Kristin Johnson: Commission Guidance Regarding Listing Of Voluntary Carbon Credit Derivative Contracts

Today, the Commodity Futures Trading Commission (Commission or CFTC) adopts proposed guidance regarding the listing of voluntary carbon credit (VCC) derivative contracts on designated contract markets (DCMs)—boards of trade that operate under the regulatory oversight of the CFTC (Proposed Guidance). I support the Proposed Guidance, and I applaud the Division of Market Oversight for developing and advancing these important transparency and market integrity reforms.

Date 04/12/2023

“Exorbitant Privilege: Responsibilities And Challenges”: Prepared Remarks Before The Council On Foreign Relations, SEC Chair Gary Gensler, Washington D.C., Dec. 4, 2023

Good morning. I’m honored that Mike and you invited me to speak today. Mike has a long history of public service, including having participated in hiring me twice, first into the Clinton Treasury Department and later the Obama Administration. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.

Date 04/12/2023

OCC Reports November 2023 Monthly Volume Data

OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through November 2023 was 44.3 million contracts. Total monthly volume for November 2023 was 908 million contracts.

Date 04/12/2023

Statement Of CFTC Commissioner Christy Goldsmith Romero On Exchange Listing Standards For Voluntary Carbon Credit Derivative Contracts

I am pleased to support today’s proposed guidance regarding the listing of voluntary carbon credit derivatives.  I want to recognize Chairman Behnam’s leadership in the voluntary carbon credit space.  The proposed guidance follows efforts by the Commission to develop capacity in understanding and regulating voluntary carbon credits.

Date 04/12/2023

ICE Mortgage Monitor: Equity Withdrawals Rose Slightly in Q3 2023, but High Interest Rates Are Compressing Usage by 55%

• Despite clear signs of slowing, home prices hit yet another seasonally adjusted high in October, with unadjusted annual growth rising to +4.6%, up from +4.2% in September
• Recent home price gains have returned tappable equity to within 3% its 2022 peak, contributing to a modest increase in equity withdrawals in Q3
• Just 0.41% of tappable equity available at the beginning of the quarter was withdrawn in Q3, some 55% below the average withdrawal rate seen from 2010-2021
• An estimated $54B in equity withdrawals were forgone in Q3 as rising interest rates increased the cost of equity utilization, with an aggregate $250B missing over the last 18 months
• Despite compressed volumes, cash-outs continue to fuel what is left of the refinance market accounting for 92% of Q3 activity, with borrowers withdrawing a record $104K on average
• Purchase lending continues to dominate the market overall, driving 86% of all first lien lending in Q3, with roughly 75% of 2024 originations expected to come from purchase loans
• Rising rates continue to put pressure on homebuyers, with debt-to-income (DTI) ratios on purchase loans hitting multiyear highs in October, according to ICE Market Trends data
• Data also suggests tightening lending criteria, as credit scores for conventional, FHA and VA purchase loans all hit series highs, with FHA credit scores up 14 points year over year
• While foreclosure starts rose in October, near-term risks remain muted due to a combination of historically low serious delinquency rates and strong equity positions among such loans