News Centre

New York Attorney General James Reviewing Robinhood App Activity

Date 28/01/2021

New York Attorney General Letitia James today released the following statement in regards to recent activity related to the Robinhood application and the trading of GameStop stock:

“We are aware of concerns raised regarding activity on the Robinhood app, including trading related to the GameStop stock. We are reviewing this matter.”

SIFMA Asks SEC To Pause Activity In The CAT To Assess Need To Collect Investors’ Personally Identifiable Information

Date 28/01/2021

In a letter to the Securities and Exchange Commission (SEC) today, SIFMA requested that the SEC immediately order a temporary pause related to the further development and implementation of the final full Customer & Account Information System (CAIS) technical specification on customer and account reporting to the Consolidated Audit Trail (CAT).  This pause would allow for an assessment of whether the personally identifiable information (PII) and other customer-related data planned to be reported to and maintained within the customer database is necessary or appropriate to fulfill the purpose of the CAT, particularly in light of the evolving risk landscape.

ISDA - Video: Who Uses Derivatives And Why?

Date 28/01/2021

Thousands of companies around the world use derivatives to reduce risks for their businesses and increase certainty for their customers.

CFTC Orders Nebraska Company To Pay $400,000 For Position Limits Violations

Date 28/01/2021

The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against an Omaha, Nebraska-based company that refers to itself as AG Processing Inc a cooperative (AGP) for exceeding the CFTC’s all-months speculative position limits for soybean meal futures contracts traded on the Chicago Board of Trade (CBOT). The order requires AGP to pay a $400,000 civil monetary penalty.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Call With French Minister Of Finance Bruno Le Maire

Date 28/01/2021

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with French Minister of Finance, the Economy, and the Recovery Bruno Le Maire. During the call, Secretary Yellen emphasized their shared priorities, including ending the pandemic, supporting a strong global economic recovery, fighting income inequality, and forcefully addressing the threat of climate change. The Secretary committed to re-engage actively in the ongoing OECD discussions on international taxation to forge a timely international accord. The Secretary discussed the importance of cooperating closely to advance bilateral and multilateral economic issues and to deepen the U.S.-France and transatlantic partnerships.

SEC - Market Structure Data: Q4 2020 Data Now Available

Date 28/01/2021

SEC Staff is pleased to provide  the following updates:

•  Updated Metrics. Data series containing daily cancel-to-trade ratios, trade-order volumes, hidden rates, and odd-lot rate metrics for Q4 2020 are now available. This data extends to 108 total months the data series you can view in the data visualization tool as well as download in CSV format. The visualization for quote-life data now defaults to Q4 2020.

Refinitiv Wealth Management Report – ‘Redefining Investor Data Needs’ – Highlights the Growing Needs of Self-directed and Advisory Clients

Date 28/01/2021

Refinitiv today released the findings of its Wealth Management report titled ‘The Gold Standard: Redefining Investor Data Needs’. The report examines how investors’ trading activities, data needs and digital expectations are likely to evolve in the future.   

Charlie Thornton To Depart CFTC

Date 28/01/2021

The Commodity Futures Trading Commission today announced that N. Charles “Charlie” Thornton III will leave the agency for a new opportunity in the private sector. Since 2017, Mr. Thornton has served in multiple leadership roles at the CFTC under two Chairmen, most recently as Chief of Staff and Chief Operating Officer under Chairman Tarbert. Previously, he served as Counselor to Chairman Tarbert, developing, communicating, executing, and sustaining the CFTC’s strategic initiatives.

Ontario Securities Commission Issues Best Practice Guidance For Prospectus Filings

Date 28/01/2021

The Ontario Securities Commission (OSC) has seen a significant number of confidential prospectus pre-files submitted in recent months and is providing best practice guidance to issuers to assist in their capital raising efforts.

Canadian Securities Regulators Provide Additional Proficiency Options For Distributing Alternative Mutual Funds

Date 28/01/2021

The Canadian Securities Administrators (CSA) today issued blanket relief that provides dealing representatives in the Mutual Fund Dealers Association (MFDA) channel and outside the MFDA channel in Québec with additional proficiency options for distributing alternative mutual funds.