News Centre
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Europex: Moving Towards Full Market Integration Of Renewables – The Most Cost-Efficient Way To Decarbonise The Energy Sector
Date 20/11/2020
Significant deployment of renewable energy sources (RES) is required to achieve the EU 2050 net zero target proposed in the Green Deal as well as the raised ambition of the EU 2030 targets. The recently published EU Offshore Renewable Energy Strategy sets out the scale of the challenge, estimating that an installed capacity of at least 300 GW of offshore wind alone will be needed by 2050. Energy markets will be vital to help achieve this scale-up at an acceptable cost. Despite the high fixed cost structure of renewables as well as the need for predictable revenue streams, market-based remuneration of renewables in the energy market offers the most cost-efficient way of achieving decarbonisation. Recent market reforms, including the harnessing of demand-side flexibility, and ensuring RES can achieve revenue streams from multiple markets, need to be fully implemented to allow markets to realise their full potential in a high renewables system.
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26 November Is Non-Trading Day For US Securities On MOEX
Date 20/11/2020
On 26 November 2020 (Thanksgiving Day in the US), Moscow Exchange will keep its markets closed for trading of shares of US companies in its central T+ order books.
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ESMA Consults On Supervisory Fees For Data Reporting Services Providers
Date 20/11/2020
The European Securities and Markets Authority, the EU’s securities markets regulator, today launches a public consultation on supervisory fees for data reporting services providers (DRSPs) to be supervised by ESMA starting in 2022.
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Treasury, Bank Of England And UK Financial Conduct Authority Convene Working Group To Facilitate Investment In Productive Finance
Date 20/11/2020
The Treasury, the Bank of England (Bank) and the FCA will be convening an industry working group to facilitate investment in productive finance.
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Market Commentary On Today's Spike In The Ethereum Price Above $500, Paolo Ardoino, CTO, Bitfinex
Date 20/11/2020
Commenting on today's Ethereum price from Paolo Ardoino, CTO at Bitfine said:
“Ethereum's touching $500 for the first time since June 2018 represents a significant milestone. Ethereum’s up and coming transition to proof-of-stake is being closely watched. Today’s strong price performance underlines a mood of optimism that seems to be lifting the crypto space. While bitcoin is the undisputed king of crypto, the flourishing Ethereum community is alive with many possibilities. The price of ETH should not be ignored.”
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Bank Of England: Minutes Of The London FXJSC Operations Sub-Committee Meeting – 3 September 2020
Date 20/11/2020
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC) Operations Sub-Committee. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
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Decisions Taken By The Governing Council Of The ECB (In Addition To Decisions Setting Interest Rates)
Date 20/11/2020
Market operations
Changes to the publication of liquidity management data
On 5 November 2020 the Governing Council adopted several amendments related to the publication of liquidity management data, with the aim of streamlining processes and increasing efficiency. In particular, the Governing Council decided to suspend the publication of the benchmark allotment amount of main refinancing operations (MROs), since it is not needed for the successful implementation of Eurosystem monetary policy under the current operational framework and liquidity conditions. The Governing Council also decided to reduce the publishing frequency of the autonomous factor forecast from twice a week to once a week on MRO announcement days. Furthermore, the Governing Council decided to change the publication time of daily liquidity data from 09:10 CET to 11:30 CET. These changes will take effect on 14 December 2020, i.e. on the announcement day of the first MRO of the reserve maintenance period starting on 16 December 2020.
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Aqua Rising And Stockpulse Link To Provide Big Data Based Alt-Asset Analytics
Date 20/11/2020
Stockpulse GmbH, a pioneer of emotional data intelligence and AI solutions for financial markets, has announced it is working with Aqua Digital Rising and will cover its new generation alternative assets.
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Moscow Exchange: Risk Parameters Change For The Securities
Date 20/11/2020
The following risk parameters will be changed:
IR risk (downward scenario) - SECΔ_1 (Y0/Y1)
Ticker Current value New value New value effective for EA-RM 35% 77% 30.11.2020 - 02.12.2020 MCD-RM 35% 77% 27.11.2020 - 01.12.2020 QCOM-RM 35% 77% 01.12.2020 - 03.12.2020 RASP 35% 77% 20.11.2020 - 24.11.2020 Ticker Rcl_max Rch_max New value effective for EA-RM 0.2 0.2 24.11.2020 - 02.12.2020 MCD-RM 0.2 0.2 23.11.2020 - 01.12.2020 QCOM-RM 0.2 0.2 25.11.2020 - 03.12.2020 -
ESMA Consults On Derogation Criteria For Data Reporting Services Providers
Date 20/11/2020
The European Securities and Markets Authority, the EU’s securities markets regulator, today launches a public consultation on criteria to identify Authorised Reporting Mechanisms (ARMs) and Approved Publications Arrangements (APAs) subject to authorisation and supervision by a competent authority of a EU Member States from January 2022.
