News Centre

Islamic Finance Tech Giant Path Solutions Crowned Best Islamic Technology Provider - 13th Year In A Row, 14th In Total

Date 20/10/2020

Path Solutions, the global Islamic software and services provider for banks and financial institutions, is proud to announce it has won the ‘Best Islamic Technology Provider’ award in the IFN Service Providers Poll 2020. This is the 13th consecutive year that the company has won the prestigious accolade, demonstrating its powerful ability to deliver digital transformation solutions that drive business growth and innovation in a rapidly changing financial services sector

ISDA SwapsInfo Q3 Of 2020 And Year-To-September 30, 2020 Review: Summary

Date 19/10/2020

The latest ISDA SwapsInfo Quarterly Review shows that trading volumes for interest rate derivatives (IRD) and credit derivatives both decreased during the third quarter of 2020 compared to the third quarter of 2019. This summary provides a high-level overview of key trends in the third quarter of 2020 and in the nine months to September 30, 2020. The full report will be published by the end of the month.

First Women’s Bank Will Launch With Fiserv Technology To Help Bridge The Gender Gap In Access To Capital - De Novo Has Also Been Selected As A Partner In The Fiserv Back2Business Initiative To Help Minority-Owned Businesses

Date 19/10/2020

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced First Women’s Bank, a de novo institution in organization with a strategic focus on the women’s economy through small business lending and other financial services, has selected Fiserv to enable the bank’s launch in early 2021. The bank will leverage core processing and a full range of digital engagement technology from Fiserv to bring its unique mission and values to market.

SIFMA Statement And Testimony Opposing Proposed New Jersey Financial Transaction Tax

Date 19/10/2020

SIFMA today issued the following statement from SIFMA president and CEO Kenneth E. Bentsen, Jr. on the New Jersey S2902/A4402 proposal, in conjunction with SIFMA testimony given today at the hearing before the New Jersey Assembly Committee on Financial Institutions and Insurance:

“SIFMA strongly opposes the imposition of a financial transaction tax (FTT) due to the cost to retirement savers, investors, businesses and the economy.  An FTT is nothing more than a sales tax on investors and it runs counter to many longstanding policies promoting savings and economic growth.  Moreover, in jurisdictions where an FTT has been implemented, it has never raised the expected revenue, yet it has resulted in a migration of trading volume to other jurisdictions which have not imposed an FTT, which is a predictable result in today’s predominantly electronic and globally connected markets."

Eurex: Navigating You Through Market Uncertainties: New Expiration Dates On Certain Dividend Futures

Date 19/10/2020

To counteract uncertainty and offer a broader choice to its customers, Eurex has introduced new maturities on Stock Dividend Futures and EURO STOXX 50® Index Dividend Futures.

Cboe Becomes Primary Listing Exchange For O'Shares ETFs

Date 19/10/2020

• OUSA, OGIG, OUSM, OEUR began trading on Cboe BZX Exchange on October 19
• O'Shares ETFs recently celebrated $1.0 billion AUM milestone and five-year anniversary since launch

MIAX Options Exchange - SPIKES Special Settlement Auction Settlement Reference Price Opening Width And Valid And Priority Quote Width Tables Used In The October 21, 2020 SPIKES Special Settlement Auction

Date 19/10/2020

Due to sustained market volatility, MIAX Options will continue to use the Settlement Reference Price Opening Width and Valid and Priority Quote Width tables detailed in MIAX Options Regulatory Circular 2020-11 for opening the SPY November 20, 2020 options used in the October 21, 2020 SPIKES Special Settlement Auction.

U.S. Economic Outlook, Monetary Policy, And Initiatives To Sustain The Flow Of Credit To Households And Firms, Federal Reserve Vice Chair Richard H. Clarida, At The Unconventional Convention Of The American Bankers Association, Washington, D.C. (Via Webcast)

Date 19/10/2020

It is my pleasure to meet virtually with you today at the Unconventional Convention of the American Bankers Association. I look forward to my conversation with Rob Nichols, but first, please allow me to offer a few remarks on the economic outlook, Federal Reserve monetary policy, and some of the initiatives we have announced to support the flow of credit to households and firms during these challenging times.

FESE: European Capital Markets Fact Sheet - Q3 2020

Date 19/10/2020

• IPOs and new listings soared quarterly, breaking with their Q2 trend.
• Equity market capitalisation and the number of listed companies experienced declines.
• Equity trades had a yearly surge but a strong quarterly fall.
• Options and futures trading suffered stark declines.
• Securitised derivatives and ETFs turnover increased on an annualised basis but had a divergent trajectory as they decreased quarterly, owing to an exceptional Q2.

Refinitiv Debuts Country Sustainable Development Scores To Measure How Extensively A Country Meets UN SDGs

Date 19/10/2020

• Investment managers and financial advisors to benefit from Refinitiv Country SDGs Scores – a transparent and objective measure of how well sovereigns align with SDGs - available on Refinitiv Eikon.
• Top 10 countries with the highest SDG scores include Norway, United Kingdom, Switzerland, Sweden, Netherlands, Iceland, Germany, Denmark, Finland, France.