News Centre

NZX Shareholder Metrics - September 2025

Date 03/10/2025

Please see attached NZX Limited shareholder metrics for September 2025.

DeFi: Key Policy Questions Around The Application Of Decentralized Trading Models To Tokenized Securities Markets

Date 02/10/2025

• Decentralized finance (“DeFi”) models offer a range of new functionalities and opportunities, but also raise foundational questions and create new risks that policymakers need to address – including the extent to which these models are truly decentralized – before determining whether and how these new types of operating models should be permitted to be used for the trading of securities, derivatives and “digital commodities”.
• This is particularly important for markets that trade tokenized equities and other securities, where it is critical that established investor protections and market integrity measures be maintained. Before widespread adoption can occur, there is an important policy discussion that needs to occur among regulators, proponents of DeFi models and well-established traditional securities and commodities market participants to address how these protections would be maintained across all markets to which US investors have access.
• SIFMA strongly cautions against any policy positions, new regulatory definitions or associated exemptions that could allow non-registered entities to facilitate the trading of tokenized equities and other securities in an unregulated or more lightly regulated “DeFi” environment without careful consideration of these issues and consultation with all relevant stakeholders. As we note, there are certain key functions – critical to maintaining market integrity and investor protections – in the securities lifecycle which must be bounded by sensible (if “modernized”) regulation and oversight, even when they occur through the use of a network with decentralized features.
• There are also important questions about how anti-money laundering (AML) and know-your-customer (KYC) obligations will be satisfied in DeFi markets; how decentralized platforms may be integrated into a broader securities market structure in order to avoid disconnects in pricing and liquidity and thus market fragmentation; and how “peer-to-peer” trading models can mitigate risks to investors and markets.

MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options, MIAX Emerald Options, And MIAX Sapphire Options For Newly Listed Symbols Effective Friday, October 3, 2025

Date 02/10/2025

Please refer to the Regulatory Circulars listed below for newly added symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges. The newly listed symbols will be available for trading beginning Friday, October 3, 2025.

David Miller And Troy Johnson Win CalPERS Member-At-Large Board Seats - The Winners Represent All CalPERS Members

Date 02/10/2025

David Miller and Troy Johnson were declared the unofficial election winners for the Member-at-Large seats on the CalPERS Board of Administration, with Miller being re-elected for his third term.

1 In 8 Canadians Are Hybrid Investors – And Most Plan To Stay That Way

Date 02/10/2025

To mark Investor Education Month, the Canadian Securities Administrators (CSA) is publishing Hybrid DIY Investing: A Research Summary Report. The Report offers a comprehensive examination of hybrid investors in Canada, revealing behaviours, motivations and risk profiles of this investor segment. 

ISDA derivatiViews: A Path To Greater CFTC-SEC Alignment

Date 02/10/2025

Earlier this week, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) held a roundtable on regulatory harmonization – an initiative we wholeheartedly support. The US regulatory framework has evolved over time to facilitate financial markets that are both vibrant and resilient, but we shouldn’t shy away from acknowledging where and how the US regulatory process could be improved.

Taiwan Hosts Inaugural International Financial Promotion Forum In London, Showcasing Unique Industrial Strengths Driving Asia’s Asset Management Future

Date 02/10/2025

The Taiwan Academy of Banking and Finance (TABF), in strategic collaboration with the UK’s Z/Yen Group and the Bankers Association of the Republic of China (BAROC), successfully held the first-ever Taiwan International Financial Promotion Forum on September 30th in London’s iconic financial district, the City of London. This milestone event highlighted Taiwan’s distinctive edge, setting it apart from traditional regional financial centers like Hong Kong and Singapore.

Basel Committee Approves Annual G-SIB Assessment, Enhances The Clarity Of Its Grading System For Jurisdictional Assessments And Takes Note Of The Implementation Of Margin Requirements For Non-Centrally Cleared Derivatives

Date 02/10/2025

• Basel Committee approves annual assessment exercise for global systemically important banks.
• Enhances clarity of its grading system for jurisdictional assessments.
• Discusses implementation status of margin requirements for non-centrally cleared derivatives.

CME Group To Offer Around-the-Clock Trading For Cryptocurrency Futures And Options

Date 02/10/2025

CME Group, the world's leading derivatives marketplace, today announced that its cryptocurrency futures and options will be available to trade 24 hours a day, seven days a week beginning in early 2026, pending regulatory review.

OCC September 2025 Monthly Volume Data

Date 02/10/2025

The Options Clearing Corporation (OCC) reported an 45.1% year-over-year (YoY) increase in cleared futures and options for September, reaching a total of 1,404,057,585 contracts.  
Equity options led the growth, surging 66.9% YoY to 821,531,219 contracts. Index options also posted notable gains, with volumes rising 34.5% YoY to 112,438,679 contracts. ETF options followed suit, growing by 20.4% YoY to 465,745,680 contracts for the month.