News Centre

Climate Considerations Now Fully Embedded Across UK Principal Financial Regulators

Date 25/03/2021

The UK has extended its global leadership on green finance by requiring its principal financial regulators to consider climate change yesterday (24 March 2021).

BIS - Liquidity To Solvency: Transition Cancelled Or Postponed?

Date 25/03/2021

Key takeaways

• Since the start of the Covid-19 pandemic, a "bankruptcy gap" has emerged between measures of expected and realised bankruptcies globally.
• The ample supply of credit to make up for short-term losses has been an important factor decoupling bankruptcies from the sharp reduction in firms' cash flows.
• Firms' reliance on credit suggests that it may be too early to dismiss future solvency risk. Significant increases in leverage and weak earnings forecasts in some sectors suggest that for some firms, greater credit extension may have only postponed, rather than cancelled, their insolvency.

EEX Awarded Contract As Sales Platform For Fuel Emissions Trading In Germany

Date 25/03/2021

European Energy Exchange AG (EEX) was awarded the contract for the sale of fuel emission allowances in the national Emissions Trading Scheme (nETS) by the German Federal Environment Agency. Fuel emissions trading has been in force in Germany since 1st January 2021. The instrument will set a CO2 price for the heat and transport sectors at a national level for the first time, as previously this has not been covered by the European Emissions Trading Scheme (EU ETS).

JonesTrading Hires Industry Veterans To Thriving Outsourced Trading Department

Date 25/03/2021

JonesTrading Institutional Services LLC (“JonesTrading”) announced today the hiring of industry veterans Chris Macaluso and Jon Everett to further enhance the firm’s European and U.S. outsourced trading businesses, respectively.  The moves come after a year of tremendous growth for the firm, and will further augment JonesTrading’s award winning outsourced trading offering.  

Two New Funds Launch To Support The Solana Ecosystem, Bringing $40 Million Investment From OKEx, MXC And The Solana Foundation - Leading Exchanges Are Committing Financing To Fuel The Growth Of Projects And Expand Go-To-Market Resources For dApp And Protocol Development

Date 25/03/2021

The Solana Foundation (https://solana.com/), announced today it has partnered with leading cryptocurrency exchanges, OKEx and MXC, to launch two strategic investment funds that will bring $40 million of new capital to accelerate the growth and development of key projects in the Solana ecosystem. 

Exchange Council Of The Frankfurt Stock Exchange Appoints Frank Hoba As Member Of The Management Board

Date 25/03/2021

At its meeting today, the Exchange Council of the Frankfurt Stock Exchange appointed Frank Hoba as a member of the Management Board. He succeeds Martin Reck, who will leave Deutsche Börse in the course of 2021 at his own request and by mutual agreement.

CFTC Charges Former Fuel Oil Trader With Manipulating Fuel Oil Benchmark - Trader Admits To Manipulative And Illegal Conduct, Enters Into A Cooperation Agreement

Date 25/03/2021

The Commodity Futures Trading Commission today issued an order filing and settling charges against Emilio José Heredia Collado of Lafayette, California for engaging in attempted manipulation and manipulation of a U.S. price-assessment benchmark relating to physical fuel oil products. Heredia engaged in this unlawful conduct for more than four years while employed as a fuel oil trader at a commodity trading firm and then at the U.S. affiliate of a multinational commodity trading company that acquired it. 

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

Date 25/03/2021

As per the Securities market risk parameters methodology, on 25.03.2021, 17-56 (MSK) the lower bound of the price band (up to 2079) and initial margins (up to 28.75 %) for the security FCX-RM were changed. New values are available here

Organisational Changes In BME Clearing

Date 25/03/2021

• José Manuel Ortiz-Repiso, new CEO, and Xavier Aguilá, General Manager
• Ignacio Solloa, until now General Manager of BME’s CCP, retires after over 30 years in the company

ACER Consults On The Amended Statutory Documents Of ENTSO-E

Date 25/03/2021

The EU Agency for the Cooperation of Energy Regulators (ACER) launches today a consultation on amended statutory documents of the European Network of Transmission System Operators for Electricity (ENTSO-E).