News Centre

BME Launches SpainAtMid, A New Pool Of Non-Displayed Liquidity, To Make Trading In Spanish Equities More Attractive

Date 09/12/2024

• This new functionality will allow trading participants to seek contra liquidity in larger size, whilst minimising the price impact of resting orders or seeking price improvement on aggressive orders
• First clients have already confirmed supporting the new offering from day one

The EBA Consults On Draft Technical Standards That Specify Material Changes And Extensions To The Internal Ratings Based Approach

Date 09/12/2024

The European Banking Authority (EBA) today launched a public consultation on its draft Regulatory Technical Standards (RTS) clarifying and enhancing the conditions for assessing material model changes (MMC) and extensions following a review of the related Delegated Regulation. This review aimed to align the existing RTS with the amendments brought in by the Capital Requirements Regulation (CRR 3), and to introduce amendments to enhance the supervisory effectiveness of the approval process for model changes. The consultation runs until 10 March 2025. 

ICE Mortgage Monitor: Recent Vintage Borrowers Pounced On Early-Autumn Rate Drops As 300K+ Refinanced In September And October

Date 09/12/2024

• More than 300K mortgage refinances closed in September and October – the most in 2.5 years – as borrowers took advantage of interest rates in the low 6% range
• Nearly 150K of those were rate/term refinances, with October marking the first time in 3 years that rate/term volumes outpaced those of cash-out refis
• The average rate/term borrower in September and October cut their first lien rate by more than a point and their payment by $320/month, for an aggregate $47M monthly savings in just those two months alone
• Mortgage holders refinancing out of and back into Veterans Administration (VA) loans accounted for more than 30% of rate/term activity, more than 4x the VA market share among all active mortgages
• More than 35% of VA and more than 10% of all rate/term refinances this year have been originated with loan-to-value ratios of over 100%, increasing potential performance risk down the road

DTCC Appoints Jason Angrisani Chief Marketing Officer - Angrisani Brings More Than 20 Years Of Experience At Leading Financial Firms To DTCC

Date 09/12/2024

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Jason Angrisani as Managing Director, Chief Marketing Officer (CMO). He reports to Sharon Biran, Managing Director, Chief Client Officer.

ICE Expands Global Energy Offering With The Launch Of Japanese Power Futures

Date 09/12/2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced the latest addition to its global energy offering with the launch of Japanese Power Futures.

FTSE SET Index Series December 2024 Semi-Annual Review

Date 09/12/2024

• One change to the constituents of the FTSE SET Large-Cap Index
• Two additions to the FTSE SET Mid-Cap Index
• Twenty additions to the FTSE SET Shariah Index

Broadridge Announces First-of-its-Kind AI-Powered Algorithm Insights Service

Date 09/12/2024

To transform the landscape of algorithmic trading, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced the launch of an innovative AI-powered algorithm insights service for NYFIX. Driven by real-time liquidity mapping, the service is designed to empower asset managers, hedge funds, and other buy-side firms to achieve unprecedented accuracy, seamless workflow integration, and proven cost-efficiency.

Avelacom And CryptoStruct Announce New Partnership to Deliver Ultra-Low Latency Connectivity for Crypto Trading Firms - Combination Of Low Latency And Algorithmic Solutions Means Digital Asset Institutions Will Benefit From Optimized Access To Global Crypto Markets

Date 09/12/2024

Avelacom - the low latency network solutions provider for global financial markets - and CryptoStruct - a provider of high-performance algorithmic trading solutions - today announce a new strategic partnership. Together, the partnership will deliver an ultra-low latency and operationally-efficient set of solutions to crypto trading firms.

eToro And ADX Partner To Expand Investment Opportunities In The UAE - This Partnership Marks The First Anniversary Of eToro’s Operations In The UAE

Date 09/12/2024

eToro, the trading and investing platform, and the Abu Dhabi Securities Exchange (ADX) announced today the signature of an agreement to add a number of ADX-listed stocks to the eToro platform. 

BMLL Wins ‘Best Collaboration Initiative’ For QuantHouse Partnership At The WatersTechnology American Financial Technology Awards 2024

Date 09/12/2024

We are delighted to announce that BMLL has won ‘Best Collaboration/Alliance Initiative’ at the American Financial Technology Awards 2024 for its partnership with QuantHouse. These awards recognise excellence in the deployment and management of financial technology within the asset management and investment banking communities.