News Centre

CFTC’s Interest Rate Benchmark Reform Subcommittee Recommends July 26 For Transitioning Interdealer Swap Market Trading Conventions From LIBOR To SOFR

Date 08/06/2021

The CFTC’s Market Risk Advisory Committee’s (MRAC) Interest Rate Benchmark Reform Subcommittee voted to recommend a market best practice for switching interdealer trading conventions from LIBOR to the Secured Overnight Financing Rate (SOFR) for U.S. Dollar (USD) linear interest rate swaps. This MRAC Subcommittee initiative, referred to as “SOFR First,” is the third recommendation this Subcommittee has referred to the MRAC for consideration in connection with the transition of USD derivatives and related contracts away from LIBOR. Acting Chairman Rostin Behnam is the sponsor of MRAC. 

INX Limited Completes Openfinance Acquisition - Openfinance Ownership Transferred To INX Limited, Introducing More Than 60,000 Registrations To The Digital Securities Trading Platform

Date 08/06/2021

INX Limited (“INX”), the owner of blockchain-based platforms for trading digital securities and cryptocurrencies, today announced it has completed the acquisition of Openfinance Securities, LLC ("Openfinance"), following INX receiving approval from the Financial Industry Regulatory Authority, Inc. (“FINRA”) for change of ownership. 

The Italian Sea Group S.p.A. lists on Borsa Italiana’s Main Market

Date 08/06/2021

• Third IPO of 2021 on Borsa Italiana’s Main Market

• The Italian Sea Group S.p.A. brings the total number of companies listed on Borsa Italiana’s Main Market to 240

• Total placement volume of the offering equal to about €97 million

Tehran Stock Exchange Weekly Market Review - 29 May 2021 To 02 June 2021

Date 08/06/2021

Click here to download Tehran Stock Exchange's weekly market review.

ESMA Organises Second Workshop On “CCP Margins And Procyclicality In Times Of Crisis’’

Date 08/06/2021

The European Securities and Markets Authority, the EU’s securities markets regulator, is organising its second workshop on CCP margins and procyclicality in times of crisis which will take place on 17 June 2021 from 2:30 to 5:00 PM (Paris time).

Stemly Spins Out From ING Labs Singapore To Enable Accelerated Growth And To Pave The Way For An Independent Future

Date 08/06/2021

• US$2.5 million raised in seed financing round 
• Elev8, ING, Singapore Economic Development Board (EDB) New Ventures among key investors 

HKEX: The Exchange And FRC To Strengthen Collaboration

Date 08/06/2021

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), and the Financial Reporting Council (FRC) today (Tuesday) signed a new Memorandum of Understanding (MoU) to further strengthen collaboration between the two organisations, in ensuring the upholding of quality financial reporting by listed entities and their auditors.

ARQA Technologies Integrates ICE’s Consolidated Feed For Market Data - Clients Can Access 300 International Trading Venues And 23 Million Investment Instruments

Date 08/06/2021

ARQA Technologies, a leading financial services technology provider, has integrated ICE’s Consolidated Feed into its QUIK multi asset front to back trading and brokerage platform. This will offer its clients access to worldwide market data coverage.

Kaizen Reporting Announces New Advisory Board

Date 08/06/2021

• New Advisory Board established to support Kaizen Reporting and the industry at large to improve regulatory reporting data quality
• Mark Ibbotson appointed as Chair of Kaizen’s Advisory Board
• Newly appointed Advisory Board members include: David Lawton, Ana Fernandes, Catherine Langlais, Jonathan Herbst and David Nowell.      

Broadridge Collaborates With AWS To Extend Its Private Market Hub, The Industry-Leading Private Equity Blockchain Solution - Latest Release Adds Connectivity To Existing Industry Tools And Technologies

Date 08/06/2021

Utilizing distributed ledger technology (DLT) to better streamline and connect the private equity ecosystem and assets, Broadridge Financial Solutions, Inc. (NYSE:BR) today released the latest evolution of its industry-leading Private Market Hub platform, using Amazon Managed Blockchain from Amazon Web Services, Inc. (AWS). The updated platform, the industry’s first deployment of blockchain technology for the private equity market, now has added connectivity to existing industry tools and technologies to help further automate workflows between front-, middle- and back-office functions providing a consistent, secure, real-time view of the data.