News Centre

Corporate CUSIP Request Volume Flattens In August, While Muni Volumes Slow - Second Straight Month Of Declining Municipal Identifier Request Volume

Date 10/09/2020

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for August 2020. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a significant decline in request volume for new municipal debt identifiers, while requests for new corporate identifiers were roughly flat from last month to this month.

Matthew Alexander, Compliance Analyst At tether: A New Path To Financial Stability: How Stablecoins Promote Transparency And More Equitable Markets

Date 10/09/2020

As the brave new world of digital assets enters its second decade, the rapid growth of this once-nascent industry has put the focus on issues relating to financial stability. Rather than presenting new risks, Matthew Alexander argues that stablecoins have the potential to enhance global financial stability, including the stability of individual and household finances. 

Euronext Announces Annual Review Results Of The Cac® Family Indices

Date 10/09/2020

Euronext today announced the results of the annual reweighting of the CAC® Family indices. The changes due to the review will be effective from Monday 21 September 2020.

tZERO Approved To Launch Retail Broker-Dealer Subsidiary

Date 10/09/2020

tZERO, a leader in financial innovation and liquidity for private companies, announced today that the Financial Industry Regulatory Authority (FINRA) has approved the membership application of tZERO Markets, a retail broker-dealer and wholly owned subsidiary of tZERO that is registered with the Securities and Exchange Commission (SEC). This approval allows tZERO Markets to offer its customers retail brokerage services for digital securities and provide issuers with investment banking and placement agent services in connection with capital raising activities.

TMX Group CEO John McKenzie To Present At The Barclays Global Financial Services Conference

Date 10/09/2020

TMX Group Chief Executive Officer John McKenzie will present at the Barclays Global Financial Services Conference on September 15, 2020.

ECB: Monetary Policy Decisions

Date 10/09/2020

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

(1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.

(2) The Governing Council will continue its purchases under the pandemic emergency purchase programme (PEPP) with a total envelope of €1,350 billion. These purchases contribute to easing the overall monetary policy stance, thereby helping to offset the downward impact of the pandemic on the projected path of inflation. The purchases will continue to be conducted in a flexible manner over time, across asset classes and among jurisdictions. This allows the Governing Council to effectively stave off risks to the smooth transmission of monetary policy. The Governing Council will conduct net asset purchases under the PEPP until at least the end of June 2021 and, in any case, until it judges that the coronavirus crisis phase is over. The Governing Council will reinvest the principal payments from maturing securities purchased under the PEPP until at least the end of 2022. In any case, the future roll-off of the PEPP portfolio will be managed to avoid interference with the appropriate monetary policy stance.

(3) Net purchases under the asset purchase programme (APP) will continue at a monthly pace of €20 billion, together with the purchases under the additional €120 billion temporary envelope until the end of the year. The Governing Council continues to expect monthly net asset purchases under the APP to run for as long as necessary to reinforce the accommodative impact of its policy rates, and to end shortly before it starts raising the key ECB interest rates. The Governing Council intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when it starts raising the key ECB interest rates, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation.

(4) The Governing Council will also continue to provide ample liquidity through its refinancing operations. In particular, the latest operation in the third series of targeted longer-term refinancing operations (TLTRO III) has registered a very high take-up of funds, supporting bank lending to firms and households.

Dynamo Acquires Imagineer Technology Group, Expanding Its Leading Market Position In Cloud Software For The Global Alternatives Industry - Dynamo Will Now Serve Nearly Half Of Top 50 Hedge Funds By AUM

Date 10/09/2020

Dynamo Software, the premier provider of comprehensive cloud software for the alternative investment industry, announced today that it acquired Imagineer Technology Group, combining two of the top alternatives software vendors. The acquisition adds significant value across Dynamo’s product set and brings Dynamo’s customer base to over 1,000 clients of its CRM, deal management, portfolio monitoring, and investor reporting capabilities. Dynamo, majority-owned by San Francisco-based private equity firm Francisco Partners, did not disclose the terms of the deal.

Members Exchange Unveils Transaction Pricing - Fee Schedule Effective For September 21, 2020 Launch - No Charge For Market Data Or Connectivity

Date 10/09/2020

Members Exchange (MEMX), a market operator founded by members to benefit all investors, today unveiled its inaugural fee structure with no pricing tiers or charges for market data or connectivity.

Christine Lagarde, President Of The ECB, Luis De Guindos, Vice-President Of The ECB: Introductory Statement To The Press Conference

Date 10/09/2020

Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the Commission Executive Vice-President, Mr Dombrovskis.

Aqua To Use Big Data And AI To Create Tradable Assets And Analytics Based On Individuals - “World’s First Alternative-Assets Indices Set To Revolutionise Traditional Investments – Starts First Round Fundraising”

Date 10/09/2020

Aqua Digital Rising the new and innovative alternative-asset and analytics investment platform has announced the start of its pre-funding round as it prepares for its launch in January 2021.