News Centre

Remarks Before The Asset Management Advisory Committee By SEC Chair Gary Gensler

Date 03/11/2021

Thank you. It is good to be with this Committee again.

Moscow Exchange: Risk Parameters Change For The Security DD-RM

Date 03/11/2021

As per the Securities market risk parameters methodology, on 03.11.2021, 16-36 (MSK) the upper bound of the price band (up to 6079) and initial margins (up to 21.25 %) for the security DD-RM were changed. 

BIS: ETFs, Illiquid Assets, And Fire Sales

Date 03/11/2021

Summary

Focus

Bond exchange-traded funds (ETFs) have grown steadily over the past decade and as of early 2021 managed more than $1.2 trillion. We illustrate that the specifics of the bond market lead to different arbitrage mechanics of bond ETFs relative to traditionally studied equity ETFs. Bond ETF baskets (the set of assets used to create or redeem ETF shares) contain a small fraction of holdings – a fact we refer to as "fractional baskets". This fact challenges the common assumption that baskets are representative of holdings, and has important implications for the ETF arbitrage process. We argue that fractional baskets may be a feature of ETFs holding illiquid assets since they create a buffer between the ETF market and the underlying bond market. We also show that ETFs can avoid fire sales through the action of authorised participants.

Stock Exchanges Join Global Finance Community In Race To Zero At COP26

Date 03/11/2021

The UN SSE is proud to announce that six of its members have joined the Glasgow Finance Alliance for Net Zero: 

• London Stock Exchange Group (LSEG)
• Singapore Exchange (SGX)
• Luxembourg Stock Exchange (LuxSE)
• Hong Kong Exchange (HKEX)
• Mexican Stock Exchange (BMV Mexico)
• Johannesburg Stock Exchange (JSE South Africa)

ICE Connects To Adroit’s Execution Management System - Offers Access To ICE Bonds Liquidity

Date 03/11/2021

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that ICE Bonds has connected with Adroit Trading Technologies, a premier order and execution management system (OEMS) for sophisticated over-the-counter-focused buyside traders. ICE Bonds’ fixed income over the counter marketplace will provide Adroit users with deep liquidity and price discovery across multiple protocols, including portfolio trading, request for quote (RFQ) and click-to-trade.

SOFR Swaps Top $50B In Daily Volume As Firms Prepare To Cease New Libor Use

Date 03/11/2021

• SOFR Overnight Index Swaps (OIS) averaged daily notional turnover of $51.6 Billion in October, according Clarus Financial Technology data
• With daily turnover having grown more than 400% since June (the last full month prior to the SOFR First initiative), SOFR accounted for more than 32% of USD Libor/SOFR DV01 traded in October
• Five federal financial institution regulatory agencies issued a joint statement on October 20, clarifying “the meaning of no new Libor contracts” as it pertains to supervised institutions subject to previous Supervisory Guidance

SIFMA AMG Statement On Launch Of The International Sustainability Standards Board

Date 03/11/2021

SIFMA AMG today released the following statement from Tim Cameron, SIFMA Managing Director and head of SIFMA’s Asset Management Group (SIFMA AMG) regarding the establishment of the International Sustainability Standards Board (ISSB):

“SIFMA AMG strongly supports the development of coherent and comprehensive internationally recognized, industry-specific sustainability reporting standards, as such standards are necessary to provide consistency across the market and enhance the reliability and comparability of sustainability reporting for investors."

British Columbia Securities Commission: Sophisticated Crypto Scams Targeting B.C. Residents Through Social Media And Dating Sites (English And Chinese)

Date 03/11/2021

The B.C. RCMP, British Columbia Securities Commission (BCSC), Canadian Anti-Fraud Centre (CAFC) and municipal police are warning the public about an emerging trend of fraudsters using social media and online dating sites to lure B.C. residents into crypto-asset scams.

CISI Announces Its Global Wealth Summit Series With Experts From China, Africa, US And The UK

Date 03/11/2021

Some of the world’s leading experts in the areas of wealth, investment management and financial services will be headlining the CISI’s Global Wealth Summit series, with the Africa Wealth Summit 16 November, China Wealth Summit 18 November and the London Wealth Summit 23 November 2021.

Nodal Exchange Achieves Record Volume With 67% Growth In Power And 80% Growth In Environmental Markets In October

Date 03/11/2021

Nodal Exchange today announced new trading records in power and environmental futures.  In power, Nodal set a trading month record in October 2021 with 256 million MWh of power futures volume traded in the month. This represents Nodal Exchange’s highest volume month ever (excluding the NFX business acquisition in February 2020) and a growth rate of 67% over October 2020. Nodal continues to be the market leader in North American power futures having the majority share of the open interest with a record 1.140 billion MWh at the end of October. The open interest represents over $110 billion of notional value (both sides).