News Centre

Seco S.p.A. Lists On Borsa Italiana’s STAR Segment

Date 05/05/2021

• First listing of 2021 on Borsa Italiana’s STAR segment

• Seco brings to 78 the total number of companies listed on Borsa Italiana’s STAR segment

• The company raised €140 million 

ESMA Updates Its Q&As Relating To The Prospectus Regulation

Date 05/05/2021

The European Securities and Markets Authority (ESMA), the EU’s securities and markets regulator, has today updated its Questions and Answers (Q&As) on the Prospectus Regulation (PR) with three new Q&As.

First Cross-Border Settlement Repo Transaction In The Fixed Income Segment With Monte Titoli

Date 05/05/2021

Following the recent incorporation of new international counterparties, on April 26, BME Clearing registered the first Repo transaction in Spanish debt requiring cross-border settlement with the Italian CSD Monte Titoli. The transaction was executed between a national and an international counterparty, via the Brokertec platform, which settled successfully.

Broadridge Fund Communication Solutions Prepares For Further European Expansion With Latest Recruit

Date 05/05/2021

Broadridge Financial Solutions has appointed Anke Kneifel to the role of Channel Partner Manager, focusing on the EMEA region for the Fund Communication Solutions (FCS) business. Anke, based in Luxembourg, brings with her a wealth of experience having joined Broadridge from Kneip, where she worked for 16 years, most recently supporting large UK and Ireland-based asset managers with their data and regulatory reporting challenges. Anke will play a key role in expanding the Broadridge European data and document distribution service, leveraging her extensive knowledge of the European data vendor and regulatory landscape alongside a deep understanding of the challenges that asset managers face and the skillset to help address these challenges. Anke will report into Paul Poletti-Gadd, Chief Solutions Officer, Broadridge Fund Communication Solutions.

FSB Americas Group Discusses Global And Regional Vulnerabilities And COVID-19 Support Measures

Date 05/05/2021

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Americas held a virtual meeting today to discuss global and regional macroeconomic and financial market vulnerabilities and their potential impact on the region. Members discussed possible financial stability implications from the COVID-19 pandemic, including the impact of a more asynchronous recovery across regions and capital flows on emerging market and developing economies (EMDEs). 

Intercontinental Exchange Reports April 2021 Statistics

Date 05/05/2021

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today reported April 2021 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

Hazeltree Responds To Client Demand For Determining UMR Compliance With Hazeltree AANA Estimator™

Date 05/05/2021

Hazeltree, the leading provider of integrated treasury management and portfolio finance solutions for investment managers, announced today the launch of Hazeltree AANA Estimator™, in response to client demand. By September 2022 an estimated 1,000 buy-side firms may meet the threshold for regulatory UMR (Uncleared Margin Rule) Phases 5 or 6 compliance. AANA (Average Aggregate Notional Amount) is the metric which determines whether a firm falls within the scope of the mandate. Hazeltree’s AANA Estimator can utilize a firm’s internal data, or data from their counterparties, to perform this critical calculation.  Hazeltree AANA Estimator is available immediately as a dynamic widget within Hazeltree’s collateral management solution.

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

Date 05/05/2021

As per the Securities market risk parameters methodology, on 05.05.2021, 15-15 (MSK) the upper bound of the price band (up to 7356) and initial margins (up to 18.75 %) for the security ATVI-RM were changed. New values are available here

U.S. Department Of The Treasury: Quarterly Refunding Statement Of Deputy Assistant Secretary For Federal Finance Brian Smith

Date 05/05/2021

The U.S. Department of the Treasury is offering $126 billion of Treasury securities to refund approximately $47.7 billion of privately-held Treasury notes and bonds maturing on May 15, 2021.  This issuance will raise new cash of approximately $78.3 billion. 

Tradeweb Reports Volume Of $19.3 Trillion In April

Date 05/05/2021

• Average daily volume (ADV) for the month was $896.8 billion (bn)1, an increase of 17.5 percent (%) year over year (YoY). Average daily trades for the month totaled 57,837.
• In U.S. Credit, Tradeweb captured 21.7% of U.S. High Grade TRACE share and 8.9% of U.S. High Yield TRACE share, with fully electronic activity of 11.7% and 4.8%, respectively—all records for the platform. In addition, U.S. High Yield ADV was a record.
• There is a marked change in client behavior from prior to the pandemic as participants integrate newer execution protocols and advanced trading technologies that allow for more efficient price discovery and enhanced automation into their trading workflows. For example, U.S. Treasury volumes saw year-over-year growth, despite Primary Dealer and TRACE data showing overall market volumes easing. Furthermore, Institutional swaps SEF market share grew over 500bp vs April 2020 according to ClarusFT data.