News Centre

FTSE Russell Begins 33rd Annual Russell US Indexes Reconstitution

Date 04/06/2021

• Total US equity market capitalization increased 52% reaching $47.7 trillion as of May 2021.
• Market cap breakpoint separating small-caps (Russell 2000 Index) and large-caps (Russell 1000 Index) increased by 73%.
• Four companies exceeded $1 trillion in total market cap, with Alphabet joining Microsoft, Apple & Amazon, which reached this milestone in 2020.
• Tesla and JP Morgan Chase & Co. join the top ten companies in the Russell US Indexes.

Consolidated Audit Trail: Outdated Design Since 2012, Context Of The Problem - By Kelvin To, Founder And President Of Data Boiler Technologies

Date 04/06/2021

We praise the honorable goals of the Consolidated Audit Trail (CAT) as a means to prevent future flash crashes and in doing so allow the SEC and other market regulators to “rapidly reconstruct trading activity and quickly analyze both suspicious trading behavior and unusual market events”. We argue against the limitation of liability proposal and the revised funding model NOT BECAUSE we have any dislike for the CAT processor and its participants (i.e. FINRA, CAT LLC, and the Exchange Groups). Indeed, have mercy on them because every constituent (including industry members) seems individually bound to achieve the following goals concurrently: (1) fulfill the SEC’s mandate to regulate/ promote the safety and soundness of market, (2) the public interest [address the civic concerns about Massive Government Surveillance], (3) uphold and the continue pursuant of National cybersecurity and privacy protection best practices, and (4) comply with the Fourth Amendment of US Constitution, the Department of Justice’s latest edition of the Privacy Act of 1974 and other applicable laws and new bills introduced recently. 

IIROC: Phase-In Of Corporate And Government Debt Reporting Completed

Date 04/06/2021

Effective June 1, any person or company that executes transactions in corporate or government debt securities must provide information of their trades to the Investment Industry Regulatory Organization of Canada (IIROC).

S&P Global Resources Select Equal Weighted Index Consultation – Updated

Date 04/06/2021

S&P Dow Jones Indices (“S&P DJI”) is conducting a consultation with market participants on potential changes to the S&P Global Resources Select Equal Weighted Index.

Moscow Exchange: Risk Parameters On Securities Market

Date 04/06/2021

CCP NCC sets the following risk parameters on Securities market starting from June 7, 2021:

Nigerian Exchange Weekly Market Report For June 4th, 2021

Date 04/06/2021

A total turnover of 1.082 billion shares worth N9.548 billion in 17,933 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.037 billion shares valued at N9.471 billion that exchanged hands last week in 17,577 deals

Office Of The Comptroller Of The Currency Releases CRA Evaluations For 18 National Banks And Federal Savings Associations

Date 04/06/2021

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of May 1, 2021 through May 31, 2021. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 04/06/2021

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of May 31, 2021 as indicated in the Weekly Notice. 

New Trading Participants At EEX In April 2021

Date 04/06/2021

In April 2021, EEX welcomed the following members to its markets.

Euronext Announces The Sale Of Oslo Market Solutions

Date 04/06/2021

Euronext today announced that it has completed the sale of Oslo Market Solutions (“OMS”) to Infront, a leading European provider of financial market solutions. OMS is an online market data, investor relations, portfolio and trading solutions provider in the Nordic region and was acquired in 2019 as part of the acquisition of Oslo Børs VPS. OMS generated c. €3.3 million of revenue in 2020.