News Centre

Litmus Test For An Alternative To PFOF And Other Market Structure Nuances: By Kelvin To, Founder And President Of Data Boiler Technologies

Date 08/09/2022

In the EU, Capital Markets Union (CMU) set to ban payment for order flow (PFOF), while Germany is trying to block it. This controversial matter stirs up debate in the US as well. One camp favors the SEC Chair Gensler’s hype about “order-by-order” competition published in a paper that clearly benefits auction markets, such as Apex CODA. Another group of academic researchers suggests ‘no evidence that PFOF harms price execution’. In an earlier article we pointed out various flaws with the proposal to route retail order flow to auction and offered an alternative approach. In this article we address questions we received and elaborate on how this Copyright Licensing Mechanism is relevant to solving not only the retail order flow but is a revamp with various incentives to market data/ market structure issues.

CFTC Chairman Behnam To Testify Before The U.S. Senate Committee On Agriculture, Nutrition, And Forestry

Date 08/09/2022

Corporate And Municipal CUSIP Request Volumes Fall For Second Straight Month In August - Short-Term CDs Extend Eight-Month Growth Streak

Date 08/09/2022

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for August 2022. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly decrease in request volume for new corporate and municipal identifiers.

Bank Of England: Summary Minutes Of Sub-Group And Task Force Meetings – June/July 2022

Date 08/09/2022

The Working Group on Sterling Risk-Free Reference Rates, which is comprised of a diverse set of market participants, is working to assist in finalising the transition away from LIBOR.

HM Treasury And Bank Of England To Launch The Energy Markets Financing Scheme (EMFS)

Date 08/09/2022

HM Treasury, working with the Bank of England, will launch the Energy Markets Financing Scheme (EMFS).

CFTC: Federal Court Orders New York Man To Pay Over $800,000 For Commodity Pool Fraud

Date 08/09/2022

The Commodity Futures Trading Commission today announced the U.S. District Court for the Eastern District of New York entered a final judgment and consent order on August 31 for a permanent injunction, monetary sanctions, and equitable relief against Tae Hung Kang, a/k/a Kevin Kang, of Queens, New York. 

BETTER FINANCE: Financial Repression | Low ECB Interest Rates & High Inflation Generate A Loss Of €1 Trillion In Purchasing Power For European Savers In 2022 Alone

Date 08/09/2022

In a late bid to address soaring inflation in the Euro area, the European Central Bank (ECB) increased interest rates for the first time in 11 years in July 2022, raising its main rate to 0 percent after eight years of negative rates, and reaching 0,75% today. Notwithstanding, Eurozone inflation hit a new record high of 9.1% in August, further deepening Europe’s cost-of-living crisis.

Bitfinex To List Chain (XCN) With Its Vision For Smarter, More Connected Economy

Date 08/09/2022

Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital token trading platform, will list Chain (XCN), the governance and utility asset of the Chain Protocol, which aims to build cryptographic ledger systems to make financial services smarter, more secure and connected. 

Kennedy And Crypto: SEC Chair Gary Gensler, Washington D.C., Sept. 8, 2022

Date 08/09/2022

Thank you. It is good to be back with SEC Speaks.

I’d like to thank the Practising Law Institute for working with our agency on this program, and my colleagues Gurbir Grewal and William Birdthistle for co-chairing this event. As is customary, I’d like to note my views are my own, and I’m not speaking on behalf of the Commission or SEC staff.

Speech By European Commissioner McGuinness At The Eurofi Conference In Prague

Date 08/09/2022

January feels like so far in the past. Because we were full of optimism.

We had managed a crisis, the pandemic, of enormous proportions. It hasn't gone completely but we managed it and we were coming out of that with a real sense of strong economic growth and vibrancy.