News Centre

DataLend: July 2024 Securities Lending Revenue Down 11% YoY To $843 Million - U.S. Equity Lending Show Signs Of Acceleration Despite Weaker Annual Returns

Date 05/08/2024

The global securities finance industry generated $843 million in revenue for lenders in July 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents an 11% decrease from the $943 million generated in July 2023.

MIAX Options And MIAX Emerald Options - Effective August 5, 2024 Through August 9, 2024, 2X Opening Valid And Priority Quote Spread Relief In All Symbols

Date 05/08/2024

Multiplier: 2X
Reason: In maintenance of a fair and orderly market.
Time: Opening
Subject Summary: Please be advised, effective August 5, 2024 through August 9, 2024, the MIAX Regulatory Department has granted 2 times opening quote parameter relief for all symbols on MIAX Options and MIAX Emerald Options. 

ICE Mortgage Monitor: As Tappable Equity Hits Record High Of $11.5T, 3 Of 5 Mortgage Holders Have At Least $100K To Borrow Against

Date 05/08/2024

• Even as outstanding mortgage debt hit an all-time high of $13.8T in June, rising home prices outpaced that growth, driving mortgage holder equity to its own new record high of $17.6T in Q2 2024
• Climbing equity has eased overall leverage in the market, with total mortgage debt equivalent to 44.1% of underlying home values, down from 44.6% in Q1 and the third lowest leverage ratio of the past 20+ years
• Tappable equity – the amount a borrower can access while maintaining a healthy 20% equity cushion – also hit a new peak in June at $11.5T, a +4% gain from Q1 and +9.2% year over year
• 32M mortgage holders have at least $100K in tappable equity; 4.6M have at least $500K, and nearly 1.2M have $1M or more, with higher equity holders tending to have lower first lien rates as well
• Borrowers with 760+ credit scores hold two-thirds of tappable equity; a similar share is held by those with sub-4% first lien rates, an inherent incentive to use second lien debt to tap equity, should the need arise
• Fewer than 325K homeowners are underwater nationwide, representing just 0.60% of active mortgages, with another 4.2% having less than 10% equity in their homes
• Texas, Florida, and Louisiana are worth watching as inventory grows and home prices soften in some areas, increasing the number of borrowers in negative equity positions
• Nationally, 84% of underwater mortgages were originated within the past 3.5 years; that share climbs above 97% in markets where prices have pulled back from recent highs

Save The Date! ACER Workshop: Designing Electricity Network Tariffs To Fit The Energy Transition (30 September 2024)

Date 05/08/2024

Achieving the EU's climate and energy goals requires significant investment in new network capacities, which increases pressure on network tariffs. Meanwhile, the ongoing electrification and changing grid usage patterns challenge existing tariff designs.

Fiserv Small Business Index™ For July 2024: Small Business Sales Regain Momentum

Date 05/08/2024

• Fiserv Small Business Index rises to 141
• Small business sales grew 3.5% year-over-year, and 1.3% month-over-month

Intercontinental Exchange Reports July 2024 Statistics

Date 05/08/2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported July 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

MarketAxess Announces Monthly Volume Statistics For July 2024

Date 05/08/2024

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for July 2024. 

FEAS Newsletter Q2 2024 Is Out Now

Date 05/08/2024

The Federation of Euro-Asian Stock Exchanges, alongside with its members Uzbek Commodity Exchange and Republican Stock Exchange “Toshkent” hosted the international capital markets conference ConFEAS 2024, in Uzbekistan, on April 19, 2024.

UK Financial Conduct Authority: Unauthorised Mortgage Broker And Others Ordered To Pay £4m By High Court

Date 05/08/2024

The FCA has secured an order of £4m against an unauthorised mortgage broker and its associates who exploited vulnerable consumers. 

SET Partners With EXIM Thailand To Exchange ESG Data, Facilitating Sustainable Finance

Date 05/08/2024

The Stock Exchange of Thailand (SET) has entered into a Memorandum of Understanding (MOU) with Export-Import Bank of Thailand (EXIM Thailand) to enhance the ecosystem for sustainable finance. This collaboration, under the ESG Data Linkage and Exchange Project, aims to leverage sustainability performance data of listed companies via the ESG Data Platform. In addition, the partnership will support the SET Carbon system for EXIM Thailand's clients to achieve sustainability goals, aligning with SET’s commitment to driving all sectors towards sustainable growth.