News Centre

From LIBOR To SONIA: A Bridge To The Future - Remarks By Andrew Hauser, Bank Of England, Executive Director, Markets, Given At The ‘Is Your Business Prepared For LIBOR?’ Webinar

Date 21/09/2020

Andrew Hauser explains why companies need to act now to transition from using LIBOR to SONIA as an interest rate benchmark.

FTSE Russell Completes ICB Sector Migration For Russell US Indexes And Adds 46 IPOs For Its Third Quarter US Index Update

Date 21/09/2020

• FTSE Russell successfully completes Russell US Indexes sector migration to the Industry Classification Benchmark (ICB®) framework from Russell Global Sectors (RGS).

• ICB enhancements well received by market and supported by extensive public consultation and notification process, affecting over $9 trillion in benchmarked assets.

• Russell US Indexes add 46 new initial public offerings (IPOs) for the third quarter reflecting US equity market surge and Covid-19 investment trends.

ACER And ENTSOG Consult On Their Recommendations To Mitigate Misconduct In EU Gas Balancing Markets

Date 21/09/2020

​The European Union Agency for the Cooperation of Energy Regulators (ACER) and the European Network of Transmission System Operators (ENTSOG) launch today a four-week public consultation on their joint recommendations to mitigate potential misconduct in EU gas balancing markets. The public consultation ends on 19 October. 

Nasdaq Launches Purpose Initiative To Advance Inclusive Growth And Prosperity - At Nasdaq, Our Purpose Is To Champion Inclusive Growth And Prosperity. We Power Stronger Economies, Create More Equitable Opportunities And Contribute To A More Sustainable World To Help Our Communities, Clients, Employees And People Of All Backgrounds Reach Their Full Potential - Launches ‘Smart Investing’ Portal With Educational Resources For Retail Investors

Date 21/09/2020

Nasdaq announced today a new “Purpose Initiative,” designed to support women and underrepresented minority communities with the resources needed to grow and sustain their businesses. The Purpose Initiative comprises the company’s philanthropic, community outreach, corporate sustainability, and employee volunteerism programs, to leverage Nasdaq’s unique place at the center of capital creation, markets, and technology.

Intercontinental Exchange Launches Three New MSCI Index Futures Contracts

Date 21/09/2020

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, today announced the launch of three new MSCI Index futures contracts. The new contracts, which began trading today, are listed on ICE Futures U.S. and five expiry months have been listed for each contract: December 2020, March 2021, June 2021, September 2021 and December 2021.

IOSCO Issues Measures To Reduce Conflict Of Interests In Debt Capital Raising

Date 21/09/2020

The Board of the International Organization of Securities Commissions (IOSCO) today published final guidance to help its members address potential conflicts of interest and associated conduct risks market intermediaries may face during the debt capital raising process. The guidance also seeks to address some specific concerns observed by certain regulators during the COVID-19 crisis that may affect the integrity of the capital raising process.

Members Exchange Goes Live - Seven Symbols Begin Trading In Phase One Of Rollout Schedule

Date 21/09/2020

Members Exchange (MEMX), a market operator founded by members to benefit all investors, today announced the start of trading on its U.S. equity market.

Effective September 21, 2020 Through September 25, 2020, MIAX Options And MIAX Emerald 2X Opening And Intraday Valid And Priority Quote Spread Relief In All Symbols

Date 21/09/2020

Issue Symbol: All Symbols
Multiplier: 2X
Reason: In maintenance of a fair and orderly market.
Time: Opening and Intraday
Subject Summary: Please be advised, effective September 21, 2020 through September 25, 2020, the MIAX Regulation Department has granted 2 times opening and intraday quote parameter relief for all symbols on MIAX Options and MIAX Emerald. 

Exabel Closes $3.6m Funding Round To Accelerate Growth In Asset Management

Date 21/09/2020

Exabel, the simple-to-use AI, analytics and data platform for active asset managers, today announced it has closed its third seed round, bringing the total amount raised by the company to more than $12 million. Led by 17 existing and 11 new investors, alongside a loan and grant from Innovation Norway, the latest funding will help the company build out its commercial functions in Europe and North America, and continue to establish strategic partnerships with data vendors.

AFME Welcomes European Commission Equivalence Decision On UK CCPs

Date 21/09/2020

Following the confirmation of the European Commission adoption of a time-limited equivalence decision for UK CCPs, Oliver Moullin, Managing Director at AFME said:

“We welcome today’s confirmation that the Commission has adopted a time-limited equivalence decision for UK CCPs. This is a vital step to address an important financial stability risk and ensure continued access for EEA firms to clearing services at the end of the Brexit transition period. It is important that ESMA now proceeds with timely recognition."