News Centre

The Bermuda Stock Exchange And Miami International Holdings, Inc. Announce The Listing Of The Hashdex Nasdaq Crypto Index ETF

Date 24/09/2020

The Bermuda Stock Exchange (BSX) and parent company Miami International Holdings, Inc. (MIH), today announced that the Hashdex Nasdaq Crypto Index ETF was approved for listing on the BSX.

BETTER FINANCE: All Talk, Little Action: European Commission Releases Watered Down Capital Markets Union (CMU) Action Plan

Date 24/09/2020

The European Commission’s (EC) Directorate-General for Financial Services, Financial Stability and Capital Markets Union (DG FISMA) published a third action plan to build a Capital Markets Union (CMU) – this time for “people and businesses” - which sets 16 policy and regulatory objectives in order to “finally complete the Capital Markets Union”.

Refinitiv Report Unearths Automotive Industry Sustainability Trends - Highlights Climate Risk Analytics In The Investment Process

Date 24/09/2020

• Tesla, VW, Daimler, Renault, and Hyundai lead automakers in transition readiness.
• Subaru, FCA, and Ford have among the lowest transition readiness scores.
• A sustainability premium in total shareholder return over the 2015-2019 period is demonstrated by market disruptors (led by Tesla) as well as the sustainable value ratio/transition readiness leaders.
• 2020/2021 represents an important test period for incumbent automakers to solve the price-performance challenges that have helped fuel Tesla’s strong lead in the early stages of the adoption curve.
• Integrating climate risk factors into risk management models requires companies and investors to understand how climate change can affect their business or portfolio.

Pico Among First To Connect To The National Market System’s (NMS) New Low-Latency Network - Transitioning To The NMS Network Will Ensure Pico’s Clients Consume NMS Feeds (CTA And OPRA) With The Lowest Latency Possible

Date 24/09/2020

Pico, a leading provider of technology services for the financial markets community, today announced it will offer the Consolidated Tape System (CTS), the Consolidated Quotation System (CQS) and the Options Price Reporting Authority (OPRA) feeds from NMS-dedicated connectivity via a new separate, low-latency NMS network located in the Mahwah, New Jersey data center. 

ESMA Publishes Outcomes Of MAR Review

Date 24/09/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published a review of the Market Abuse Regulation (MAR). The Report is the first in-depth review of the functioning of MAR since its implementation in 2016, and its recommendations will feed into the European Commission’s (EC) review of MAR.

BME Welcomes The Capital Markets Union (CMU) Action Plan

Date 24/09/2020

• Equity is needed to buffer exogenous shocks and will be needed more than ever
• Public equity markets can help companies weather the crisis and finance their post-crisis growth
• The set of rules that govern the functioning of trading in securities markets should be simplified
• To ensure a successful CMU, a review of previously unmet objectives within MiFID II is urgently required

ESMA Consults On MiFIR Reference Data And Transaction Reporting

Date 24/09/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today launched a Consultation Paper (CP) reviewing the reference data and transaction reporting obligations under the Market in Financial Instruments Regulation (MiFIR). 

UK Financial Conduct Authority Institutes Criminal Proceedings Against Three Former Employees Of Redcentric

Date 24/09/2020

The FCA has begun criminal proceedings against three former employees of Redcentric Plc: Fraser Fisher, former Chief Executive; Timothy Coleman, former Chief Financial Officer; and Estelle Croft, a former finance director.

ACER: Most Trans-European Energy Projects Allocate Costs On A Territorial Basis, Decisions Appear To Be Taken To Enable EU Grants

Date 24/09/2020

Most Cross-Border Cost Allocation Decisions (CBCA) for trans-European energy infrastructure are based on the so-called territorial principle so each country covers the project costs on its territory without cross-border compensation payments, according to the Fourth Monitoring Report on CBCA decisions published today by the European Union Agency for the Cooperation of Energy Regulators (ACER).

AFME: Now It’s Time To Deliver On The Capital Markets Union

Date 24/09/2020

AFME has welcomed the publication of the European Commission’s Capital Markets Union Action Plan published today, 24rd September.