News Centre

SIX Introduces An Innovative Triparty Collateral Management Solution - SIX Migrates Its Triparty Collateral Management (TCM) Into The Renewed And Innovative Triparty Agent With The Collateral CockpitTM That Already Manages Repo Services Since June 2020

Date 30/08/2022

TCM complements the TPA with a leading-edge collateral management solution, providing a comprehensive service to the SIX clients. When using the TCM service, two parties to a transaction delegate their day-to-day operational responsibilities around collateralization to SIX. The SIX TPA performs tasks such as the selection and automatic execution of collateral transfers and ongoing validation that exposures are being appropriately collateralized through multiple daily mark-to-market checks on the collateral throughout the lifecycle of the transaction. This new service creates further tangible opportunities for clients and helps them to reduce operational risks & costs.

vestr Partners With Clarity AI To Enable ESG Reporting Capabilities For Active Investment Managers

Date 30/08/2022

Clarity AI’s data is integrated on vestr’s DELTA platform and can be made available to all vestr clients and their users for comprehensive product reporting, including individual and joint ESG (Environmental, Social, Governance) impact ratings. Coupled with vestr’s fully automated portfolio management tool for issuers and managers of active investment products, the world of active investment management takes one step closer to a sustainable future.

Closure Of Bursa Malaysia In Conjunction With National Day 2022

Date 30/08/2022

Bursa Malaysia and its subsidiaries will be closed on Wednesday, 31 August 2022.

Andrew Tobin To Join ASX As Chief Financial Officer

Date 30/08/2022

ASX Limited (ASX) announces that Andrew Tobin has been appointed its next Chief Financial Officer (CFO). Mr Tobin will start in the role on Monday, 5 September 2022.

New Zealand Financial Markets Authority Directs Kalkine To Stop Making Outgoing Sales Calls To New Zealanders After Misleading Marketing Conduct

Date 30/08/2022

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has directed Kalkine New Zealand Limited to stop making outgoing sales calls to people in New Zealand following concerns about the entity’s misleading marketing conduct.

Nadex Amends Holiday Product Schedule Guidelines

Date 29/08/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”), Nadex submitted notice to the Commission that Nadex’s Holiday Product Schedule Guidelines is being amended to remove reference to the Germany 40 Call Spread and Binary Contracts, which were delisted at the close of business on August 26, 2022. Additionally, the Holiday Product Schedule Guidelines wa amended to set forth the listing hours for a limited number of Currency contracts on a United States holiday that falls on a Monday. Amendments to the Holiday Product Schedule Guidelines will be effective September 13, 2022.  

Auditor Independence And Ethical Responsibilities: Critical Points To Consider When Contemplating An Audit Firm Restructuring - Paul Munter, SEC Acting Chief Accountant, Aug. 29, 2022

Date 29/08/2022

Introduction – Complex Business Relationships and Audit Firm Restructurings

Auditor independence and a culture of professional ethical behavior are critical to an audit firm’s ability to fulfill its gatekeeper responsibilities. Accounting firms must keep these responsibilities in mind in all contexts, including when exploring complex business relationships and firm restructurings. In this regard, we have observed audit firms exploring the sale of a portion of their business to an external party while retaining an equity interest or other form of continuing involvement in that business, or divesting all or portions of the accounting firm’s consulting practice to a third-party entity. While such contemplated sale and divestiture deals are not new, in the view of OCA staff, complex transactions with investors that are not traditional accounting firms, and have not previously been subject to the same independence and ethical responsibilities, elevate the risk to an auditor’s independence with respect to its audit clients. In these complex practice structures and divestitures, it is paramount that the accounting firm fully understands its responsibility for maintaining auditor independence and it discloses such requirements to the non-accounting firm investors involved in the transaction so that the accounting firm can obtain the information necessary to fulfill its responsibilities.

CFTC Swaps Report Update

Date 29/08/2022

CFTC's Weekly Swaps Report has been updated, and is now available.

Federal Reserve Updates FedNow Service Timing To Mid-2023, Marks Beginning Of Full-Scale Pilot Testing

Date 29/08/2022

The Federal Reserve Banks have narrowed the timing of the FedNow Service launch to mid-year 2023, specifically targeting a production rollout of the service in the May to July timeframe. This further defines the previously communicated 2023 launch window for the anticipated instant payments service and comes as the FedNow Pilot Program prepares to enter technical testing for the service starting in September.

MIAX Options Exchange - Interface Specification Updates For System Enhancements

Date 29/08/2022

The MIAX Options Exchange has published updated Interface Specifications to support the following system enhancements: