News Centre

S&P Dow Jones Indices Europe Dashboard

Date 30/10/2020

• European equities slid sharply lower in October after a resurgence in cases of COVID-19 led to increased restrictions across the continent. 
• Both U.K. equities and the pan-regional S&P Europe 350® saw their worst monthly performance since March. 
• Volatility spiked up on both sides of the Atlantic, with forward-looking indicators pointing to further chop ahead.  

US Federal Agencies Release Paper On Operational Resilience

Date 30/10/2020

Federal bank regulatory agencies today released a paper outlining sound practices designed to help large banks increase operational resilience. Examples of risks to operational resilience include cyberattacks, natural disasters, and pandemics

Nadex Temporarily Amends Binary Contracts Strike Width

Date 30/10/2020

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 October 26, 2020 as indicated in the Weekly Notice. 

CFTC Commitments Of Traders Update

Date 30/10/2020

The current reports for the week of October 27, 2020 are now available.

Nadex Refrains From Listing Certain Contracts

Date 30/10/2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No EUR/JPY, GBP/JPY, or GBP/USD 5-Minute contracts were listed for the 6:05pm through 6:15pm ET expiration times on trade date October 27, 2020;

• No GBP/JPY or GBP/USD 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date October 29, 2020;

• No GBP/JPY or GBP/USD 5-Minute contracts were listed for the 6:05pm or 6:10pm ET expiration times on trade date October 30, 2020.

Corrected: Smile Curve Changes As Securities Value Chain Evolves, By Kelvin To, Founder And President Of Data Boiler Technologies

Date 30/10/2020

Smile curve is a graphical depiction of an industry’s value chain. The beginning (the rarely found strategies/ engineering skills/ intellectual properties) and the tail-end (multi-facets fulfillment/ services/ user experience) are supposed to command the highest values-added than the middle part (assembly/ matching/ intermediate). A healthy industry should have the curve in a U-shape (i.e. respective constituents are able to earn profits in accordance to values they contributed). Unfortunately, our capital markets’ smile curve has turned into a frown, an upside down U-Shape.

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

Date 30/10/2020

As per the Securities market risk parameters methodology, on 30.10.2020, 22-06 (MSK) the lower bound of the price band (up to 19371) and initial margins (up to 21.25 %) for the security FB-RM were changed. New values are available here

Update On Oslo Cash And Derivatives Markets Migration

Date 30/10/2020

In preparation for the migration of Oslo Cash and Derivatives markets to the Optiq IT trading platform, Euronext is currently performing  full end to end testing with its clients and clearing counterparts. The dress rehearsal will proceed this week-end as planned. Some clients have indicated to us the need to perform further changes in their systems to get prepared for the upcoming migration (initially planned on 9 November). Furthermore, for operational risk reasons some clients have expressed a preference to postpone these potential changes until after the US presidential elections.

BIS: FX Execution Algorithms Contribute To Market Functioning But Bring New Challenges

Date 30/10/2020

• Execution algorithms (EAs) - designed to buy or sell foreign exchange according to a set of user instructions - have contributed positively to FX market functioning.
• As EAs change the way market participants access the FX market and how trades are executed, they also give rise to new challenges.
• Central banks and market participants must have access to the necessary data, skills and tools to allow them to assess the opportunities and risks of evolving markets.

EBA: Consultation Paper On Draft Guidelines On Sound Remuneration Policies Under Directive 2013/36/EU (EBA/CP/2020/24)

Date 30/10/2020

The European Banking Authority (EBA) launched today a public consultation on revised Guidelines on sound remuneration policies.  This review takes into account the amendments introduced by the fifth Capital Requirements Directive (CRD V) in relation to institutions’ sound remuneration policies and in particular the requirement that those remuneration policies should be gender neutral. The consultation runs until 29 January