News Centre

New Zealand Financial Markets Authority Progressing CoFI Implementation With Publication Of Licensing Materials

Date 30/11/2022

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko is continuing to progress preparations for the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI), with the release of a suite of materials for banks, insurers and non-bank deposit takers (NBDTs). 

Trading Technologies Extends TT® Premium Order Types Market Coverage To Include Four Major APAC Exchanges - Sophisticated Algorithmic Execution Strategies Available For Products On SGX, JPX, ASX and HKEX

Date 30/11/2022

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, announced the addition of four major Asia-Pacific (APAC) exchanges to marketplaces supported by TT Premium Order Types, its new suite of sophisticated algorithmic execution strategies. Fully integrated with the TT platform, the highly advanced synthetic order types now support trading of products listed on Singapore Exchange (SGX Group). In addition, support for products traded on Australian Securities Exchange (ASX), Hong Kong Exchanges and Clearing Limited (HKEX) and Japan Exchange Group (JPX) will be available before year end.

Cboe Global Markets Finalizes Investor Partners For Cboe Digital Business

Date 29/11/2022

• Cboe Digital and its partners committed to bringing trusted, transparent, regulatory-first approach to digital assets
• Investor partners to receive equity minority ownership stake, committed to development of Cboe Digital
• Aim to leverage Cboe's experience as a global market operator and expertise of partner firms to create foundation for Cboe Digital that will help it play a role in evolving digital asset ecosystem globally

BOX Options Market: Trade Management System For Clearing Operations

Date 29/11/2022

Beginning December 5, 2022, BOX Options Market LLC (“BOX”) will offer BOX’s Trade Management System (“TMS”) application to Participants. The TMS will allow Participants to perform post-trade clearing operations and create and maintain Give-Ups in real-time. Additionally, BOX will assess Participants a TMS subscription fee of $350 per month, per user.

US Treasury Announces Guidance On Inflation Reduction Act’s Strong Labor Protections - Guidance Starts 60-Day “Clock” For Key Labor Provisions To Take Effect

Date 29/11/2022

Today, the Treasury Department announced initial guidance on the Inflation Reduction Act’s strong labor standards that firms must meet to qualify for enhanced clean energy and climate tax incentives. The guidance, which can be read in full here and will be published in the Federal Register tomorrow, is an important first step toward making sure the Inflation Reduction Act supports good-paying jobs in the clean energy industry, expands workforce training pathways into these jobs, and lowers costs for American families.

FRTB IMA DRC And The 3 Basis Point Floor

Date 29/11/2022

As part of the default risk charge (DRC) in the internal models approach (IMA) within the Fundamental Review of the Trading Book (FRTB), the Basel Committee on Banking Supervision (BCBS) has set a floor of 3 basis points (bp) for the probability of default (PD) of any entity. This input floor applies to all entities and primarily impacts the highest rated AAA sovereigns.

US Office Of The Comptroller Of The Currency Revises Civil Money Penalty Manual

Date 29/11/2022

The Office of the Comptroller of the Currency (OCC) today announced revisions to its civil money penalty (CMP) manual which the agency will begin using on January 1, 2023.

Federal Reserve Board Announces Annual Indexing Of Reserve Requirement Exemption Amount And Low Reserve Tranche For 2023

Date 29/11/2022

The Federal Reserve Board on Tuesday announced technical details related to reserve requirements for depository institutions. The annual indexation and publication of these amounts are required by law and does not indicate a change in depository institutions' reserve requirements, which will remain zero.

TEXPERS: Texas Public Employee Pension Funds Set Record in Achieving 2021 Legislature’s More Stringent

Date 29/11/2022

More Texas state and local pension funds combined in 2021-22 to meet or exceed greater expectations established by Texas Legislature in 2021, according to a trend analysis of aggregate amortization periods performed by the Texas Association of Public Employee Retirement Systems.

CFTC Commissioner Goldsmith Romero To Deliver Keynote Address At The Futures Industry Association Asia Derivatives Conferenc

Date 29/11/2022