News Centre

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Meeting With The Board Of Directors Of The National Bankers Association

Date 04/08/2021

Deputy Secretary of the Treasury Wally Adeyemo met with the board of directors of the National Bankers Association (NBA), an association of 31 people of color-owned banks working to eliminate the racial wealth gap. NBA’s President and CEO and NBA’s board members applauded the Administration for the Emergency Capital Investment Program and additional resources for the CDFI Fund in an effort to support low-income and marginalized communities. Deputy Secretary Adeyemo and NBA board members discussed the need for injecting more capital into underserved communities, empowering minority depository institutions (MDIs) to have a seat at the table, and the need for expanding affordable housing in low-income communities.

ISDA: Transition To RFRs Review: First Half Of 2021 And The Second Quarter Of 2021

Date 04/08/2021

The Transition to Risk-free Rates (RFRs) Review analyzes the trading volumes of over-the-counter (OTC) and exchange-traded interest rate derivatives (IRD) that reference selected alternative RFRs, including the Secured Overnight Financing Rate (SOFR), the Sterling Overnight Index Average (SONIA), the Swiss Average Rate Overnight, the Tokyo Overnight Average Rate, the Euro Short-Term Rate and the Australian Overnight Index Average.

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

Date 04/08/2021

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 GBP LIBOR®.

ISDA Response To ESMA On Technical Standards For Commodity Derivatives

Date 04/08/2021

On July 23, 2021, ISDA and the Futures Industry Association (FIA) submitted a joint response to the European Securities and Markets Authority’s (ESMA) consultation on technical standards (draft RTS 21 and ITS 4) for commodity derivatives, following announced changes to the position limits regime as part of the revised Markets in Financial Instruments Directive’s ‘quick fix’, which will apply from February 28, 2022.

Neo & Partners Global Named Best Capital Markets FinTech Company - Asia In Wealth & Finance International’s 2021 FinTech Awards

Date 04/08/2021

Neo & Partners Global, a certified FinTech Company by Singapore FinTech Association and recognized by the Monetary Authority of Singapore serving the Capital Markets sector buy-side community of commodity trading advisors, family offices, fund management companies and proprietary trading firms, has been named the Best Capital Markets FinTech Company - Asia in the 2021 FinTech Awards by Wealth & Finance International.

BIS: Quantifying The High-Frequency Trading "Arms Race"

Date 04/08/2021

Summary

Focus

We use stock exchange message data to quantify the negative aspect of high-frequency trading, known as "latency arbitrage". This means arbitrage opportunities that are sufficiently mechanical and obvious that capturing them is primarily a contest in speed.

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

Date 04/08/2021

As per the Securities market risk parameters methodology, on 04.08.2021, 18-03 (MSK) the upper bound of the price band (up to 34197) and initial margins (up to 52.5 %) for the security MRNA-RM were changed. New values are available here

Remarks By U.S. Department Of The Treasury Secretary Janet L. Yellen On The State Of The U.S. Economy In Atlanta, Georgia

Date 04/08/2021

I want to thank Mayor Bottoms, Congresswoman Williams, Dr. Klementich, and, of course, Jamine. Thank you for sharing your story.

Outlooks, Outcomes, And Prospects For U.S. Monetary Policy, Federal Reserve Vice Chair Richard H. Clarida, At The Peterson Institute For International Economics, Washington, D.C. (Via Webcast)

Date 04/08/2021

Outlooks and Outcomes for the U.S. Economy
With the release of the gross domestic product (GDP) data last week, we learned that the U.S. economy in the second quarter of this year transitioned from economic recovery to economic expansion.

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

Date 04/08/2021

As per the Securities market risk parameters methodology, on 04.08.2021, 16-48 (MSK) the lower bound of the price band (up to 3698) and initial margins (up to 20 %) for the security GM-RM were changed. New values are available here