News Centre

ISDA - Accounting For Digital Assets: Key Considerations

Date 10/05/2022

This paper explores the accounting implications of recent investment in and use of digital assets, including, but not limited to, cryptocurrencies. The paper aims to identify and illustrate how digital assets are accounted for and reported under US Generally Accepted Accounting Principles (US GAAP), as upheld by the Financial Accounting Standards Board (FASB), including comparisons with the International Financial Reporting Standards (IFRS), as upheld by the International Accounting Standards Board.

BOX Options Market: Separate SAIL Order Entry Gateways – NEW DATE

Date 10/05/2022

BOX Options Market (“BOX”) recently distributed IC-2022-14 which detailed the upcoming launch of separate SAIL Order Entry Gateways for each Trading Slice.

CFTC Charges California Man And His Companies With Fraud And Misappropriation - Judge Grants Restraining Order

Date 10/05/2022

The Commodity Futures Trading Commission today announced that it has filed a civil enforcement action in the U.S. District Court for the Eastern District of California against Eshaq M. Nawabi of either Salida or Manteca, California and his companies Nawabi Enterprise and Hyperion Consulting Inc. The complaint charges the defendants with fraud and misappropriation related to an off-exchange foreign currency (forex) trading scheme in which they solicited funds totaling at least $543,000 from at least seven investors.

ADDX Tokenises Private Equity Fund Of Funds - The SGX-Backed Private Market Exchange Has Partnered With Fullerton Fund Management To Allow Tokenised Access To The Fullerton Optimised Alpha Fund

Date 10/05/2022

Private market exchange ADDX has partnered with investment specialist Fullerton Fund Management Company Ltd (“Fullerton”) to list Fullerton’s private equity fund of funds on its digital platform. The Fullerton Optimised Alpha Fund is a closed-end fund targeting 8% to 12% in returns per annum over its fund life of seven years.

ACER: French Energy Regulator (CRE) Fines EDF With The First Sanction For Insider Trading Under REMIT, And EDF Trading Limited (EDFT) For Market Manipulation

Date 10/05/2022

On 03 May 2022, the French energy regulatory authority (CRE) published two sanction decisions adopted by its Dispute Settlement and Sanctions Committee (CoRDiS) imposing fines of:

ISDA Margin Survey Year-End 2021

Date 10/05/2022

The ISDA Margin Survey analyzes the amount and type of initial margin (IM) and variation margin (VM) posted for non-cleared derivatives. The survey also reviews the quantity of IM posted by all market participants to major central counterparties (CCPs) for their cleared interest rate derivatives (IRD) and credit default swap (CDS) transactions.

The EBA Has Designed An Efficient Framework For Reporting Of Deposits Subject To Russian And Belarusian Economic Sanctions

Date 10/05/2022

• To assist the European Commission, the EBA has designed a template for the reporting of deposits falling under the economic sanctions against Russia and Belarus.
• The template can be used on a voluntary basis by the relevant national competent authorities and by the Commission.
• While this template is not part of the EBA supervisory reporting framework, it is built on the EU common reporting approach and concepts familiar to the EU credit institutions.

ESAs Call For Improvements In Product Descriptions Intended For Retail Investors

Date 10/05/2022

The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) issued today a joint supervisory statement regarding the ‘What is this product?’ section of the key information document (KID) for packaged retail and insurance-based investment products (PRIIPs). The expectations put forward in the supervisory statement aim at improving the quality of descriptions provided by PRIIPs manufacturers and thereby contribute to better protection of retail investors. 

CryptoCompare Exchange Review April 2022: BTC Spot Trading Into USD Drops 26% In April

Date 10/05/2022

The cryptocurrency markets declined in April as Bitcoin and Ethereum closed the month at $37,650 and $2,727 (down 17.3% and 16.9% since March, respectively). This reflects the continued macroeconomic uncertainty following the war in eastern Europe and accelerating inflation figures across the globe. 

Apifiny Launches Smart Order Routing For Institutional Traders - The SOR Feature Addresses Critical Crypto Market Fragmentation By Enhancing The Capabilities Of Multi-Exchange Trading Through A Single API and account

Date 10/05/2022

Apifiny (https://www.apifiny.com/), the global cross-exchange digital asset trading network, today announced the launch of its new Smart Order Routing (SOR), an advanced feature that allows institutional traders to automate and route orders across Apifiny’s 20+ connected exchanges for best price execution. The launch of SOR comes as Apifiny continues to ramp up product development ahead of its planned merger with Abri SPAC Inc. (Nasdaq: ASPA, ASPAW, ASPAU) in Q3 2022.