News Centre

Federal Reserve Board Extends Temporary Actions Aimed At Increasing The Availability Of Intraday Credit Extended By Federal Reserve Banks

Date 01/10/2020

The Federal Reserve Board on Thursday extended to March 31, 2021, temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks on both a collateralized and uncollateralized basis. These temporary actions: (1) suspend uncollateralized intraday credit limits (net debit caps) and waive overdraft fees for institutions that are eligible for the primary credit program; (2) permit a streamlined procedure for secondary credit institutions to request collateralized intraday credit (max caps); and (3) suspend two collections of information that are used to calculate net debit caps.

UK Financial Conduct Authority: Statement On MiFID Trade Reporting And Position Limit Obligations

Date 01/10/2020

On 1 October, ESMA published a statement saying that it intends to assess UK trading venues in relation to its opinions on MiFIR trade reporting and commodity derivatives position limits.

Pico Named “Connectivity Provider Of The Year” At The FOW And Global Investor Asia Capital Market Awards 2020 - Accelerated Expansion Of Its Asia Pacific Connectivity Presence And On-Net Offering Has Fueled Strong Demand For Pico’s Services In The Region

Date 01/10/2020

Pico, a leading provider of technology services for the financial markets community, today announced it has achieved the “Connectivity Provider of the Year”, title in the FOW and Global Investor Asia Capital Market Awards 2020.  The awards, which recognize outperformance, innovation and achievement in the Asian capital markets, were announced September 30, 2020.

TMX Group Thanksgiving Holiday Market Closures

Date 01/10/2020

Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange and Montréal Exchange will be closed on Monday, October 12, 2020 for the Thanksgiving holiday.

Eurex Gaining Ground On Asian MSCI Underlyings

Date 01/10/2020

Following the announcement that Singapore Exchange will delist its MSCI products, Eurex reports increasing market shares in its Asia-based MSCI contracts.

ISDA Memoranda: Market Shutdown At Tokyo Stock Exchange

Date 01/10/2020

The Tokyo Stock Exchange has today announced that it halted trading for the entire day due to system glitches relating to hardware and a back-up data feed failures. The halt was identified before market open, but was unable to be rectified throughout the day.

Withdrawal Agreement: European Commission Sends Letter Of Formal Notice To The United Kingdom For Breach Of Its Obligations

Date 01/10/2020

The European Commission has today sent the United Kingdom a letter of formal notice for breaching its obligations under the Withdrawal Agreement. This marks the beginning of a formal infringement process against the United Kingdom. It has one month to reply to today's letter.

The Spanish Stock Market Trades 31.4 Billion Euros In September

Date 01/10/2020

• The number of trades in September grows 46.8% year on year
• New issues on the Fixed Income markets increases 6.6% compared to September 2019
• The trading volumen in IBEX 35 Futures and Mini IBEX 35 Futures in the first nine months of the year grows 1.4% and 13% respectively

Healthcare Activos Yield Socimi Trading On Euronext Access Paris

Date 01/10/2020

• The initial capitalisation of the company amounts to €164 million
• This is the ninth Spanish Socimi to join the Euronext markets this year
• Euronext has more than 100 listed real estate firms on its markets, of which 15 are Spanish

FCA Brexit Transition Rules - Comment Duff & Phelps

Date 01/10/2020

Commenting on today’s FCA announcement, publishing its updated rules that will apply to firms at the end of the Brexit transition period, Mark Turner, Managing Director, Compliance and Regulatory Consulting at Duff & Phelps says:

“Today’s announcement from the FCA comes with no great surprises for firms and regulated persons who must comply with FCA regulation. The FCA is doing all they can to ensure a smooth transition, with no sudden divergence from the EU rulebook on day one.”