News Centre

CFTC: LedgerX Withdraws Clearing Application

Date 14/11/2022

On Friday, November 11, 2022, counsel for LedgerX LLC, d/b/a FTX US Derivatives (FTX), submitted to the Commodity Futures Trading Commission’s Division of Clearing and Risk a formal withdrawal of FTX’s request, originally submitted on December 6, 2021, to amend FTX’s Amended Order of Registration as a derivatives clearing organization to allow FTX to offer products that are not fully collateralized. The application was not approved.

Chinese Company Sunwoda Electronic Lists Its GDRs On SIX Swiss Exchange

Date 14/11/2022

Today, Sunwoda Electronic Co., Ltd., Shenzhen (PRC) (Ticker "SWD") becomes the seventh company to list Global Depository Receipts (GDRs) on SIX Swiss Exchange.

Trading Technologies Expands Risk Management Offering With Availability Of KRM22 Risk Manager On TT® Platform

Date 14/11/2022

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and KRM22 plc (AIM: KRM), the technology and software investment company that focuses on risk management for capital markets, today announced that it is making the KRM22 Risk Manager available to customers on the TT platform. The sophisticated real-time post-trade risk service significantly enhances the risk toolset available through TT’s growing ecosystem for futures commission merchants (FCMs), brokers and traders. 

ICE Benchmark Administration Publishes Feedback Statement On The Consultation On The Potential Cessation Of ICE Swap Rate® Based On USD LIBOR®

Date 14/11/2022

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited (“IBA”) has published a feedback statement on its intention to cease the publication of ICE Swap Rate® settings based on USD LIBOR®.

Freetrade Appoints CTO

Date 14/11/2022

Freetrade, the company on a mission to get everyone investing, is pleased to announce the appointment of Shahid Naveed as CTO. Shahid has nearly twenty years of experience gained from roles in some of the world’s fastest growing businesses.

Trading Technologies And ATEO Enter Into Strategic Partnership To Deliver Best-In-Class Post-Trade Allocation Services - Sell-Side Institutions To Benefit From Fully Integrated, Hosted Solution Available Through TT®

Date 14/11/2022

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and ATEO Finance, a leading provider of post-trade solutions for the financial industry, announced that the firms have entered into a strategic partnership to deliver a fully integrated, comprehensive post-trade allocation service for sell-side banks, brokers and futures commission merchants (FCMs). The partnership brings together two market leaders in their respective domains, with a solution that offers best-in-class trade execution and trade allocation services. 

EuroCCP Rebranded To Cboe Clear Europe

Date 14/11/2022

• Cboe Clear Europe remains committed to an open-access approach to its clearing services, by continuing to serve multiple exchanges and venues
• New name provides the company with a globally recognized brand as it pursues continued growth

Arion Bank And Lucinity Join Forces In The Fight Against Money Laundering - Arion Joins A Group Of Global Banks And Financial Technology Companies Using Lucinity's Anti-Money Laundering (AML) Software Solution.

Date 14/11/2022

Arion Bank has announced it will implement Lucinity's technology to help strengthen its defenses against money laundering and contribute to a safer financial system. Lucinity's software solution uses the latest artificial intelligence technology to detect money laundering and make it easier for financial companies to spot and resolve such issues more efficiently.

IOSCO Statement On Financial Reporting And Disclosure During Economic Uncertainty - The International Organization Of Securities Commissions (IOSCO) Emphasizes Issuers’ Need For Fair, Transparent And Timely Disclosure About Impacts Of Economic Uncertainty

Date 14/11/2022

The Board of the International Organization of Securities Commissions (IOSCO) today issued a public statement encouraging issuers, external auditors, as well as audit committees (or those charged with governance) to be particularly vigilant in times of economic uncertainty in their consideration of how risks and uncertainties that could affect or have affected an issuer’s operations, financial condition, cash flows and prospects can be transparently communicated to investors.

Schroders First European Asset Manager To Clear With LCH ForexClear

Date 14/11/2022

• Schroders becomes first European asset manager to clear with LCH ForexClear
• Strong growth recorded across LCH ForexClear services with a record $19.1 trillion cleared in total notional in first nine months of 2022, up 17% year on year
• Q3 2022 sees record quarter for non-deliverable FX client clearing volumes at $140 billion, 146% higher than in Q3 2021
• LCH ForexClear offers expert risk management for FX NDFs, FX Options, FX Spot and FX Swaps & FX Forward Outrights