News Centre

Sberbank Structures First Trade Finance Deal With International Islamic Trade Finance Corporation

Date 04/08/2020

Sberbank has structured a trade finance deal for the first time on its record. The deal involved the International Islamic Trade Finance Corporation (ITFC), a leading provider of Trade Solutions and member of the Islamic Development Bank (IsDB) Group, and was implemented through Sberbank’s subsidiary bank in Switzerland that has commodity trade finance at the core of its operations.

Opening Remarks: Small Business Capital Formation Advisory Committee Meeting, SEC Chairman Jay Clayton, Aug. 4, 2020

Date 04/08/2020

Thank you, Carla (Garrett). And thank you to the Committee members for joining us virtually today. In particular, I’d like to welcome new members Kesha Cash and Sue Washer and thank each of you for bringing your unique perspectives, energy and expertise to this Committee.

CFTC Advisory Warns Customers To Carefully Assess Precious Metals Pitches Touting CARES Act Rules

Date 04/08/2020

The Commodity Futures Trading Commission today issued a Customer Advisory educating the public about unregistered gold and silver dealers advising investors to use relaxed rules under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to purchase precious metals. This Customer Advisory— the fourth issued by the CFTC in response to the COVID-19 (coronavirus) pandemic— was prepared by the Office of Customer Education and Outreach (OCEO).

Purdue University/CME Group Ag Economy Barometer Stable, But Farmers Less Optimistic About Future

Date 04/08/2020

Farmer sentiment was virtually unchanged in July in comparison to a month earlier, according to the Purdue University/CME Group Ag Economy Barometer. The index rose just one point from June to a reading of 118, still 30 percent lower than in February before the pandemic began. The Ag Economy Barometer is based on responses from 400 U.S. agricultural producers. This month's survey was conducted from July 20-24.

New Report Identifies The Factors Which Will Determine SMEs’ Chances Of A Successful COVID Recovery

Date 04/08/2020

• Analysis of the performance of over 1,000 UK small and medium-sized businesses by Allica Bank provides roadmap for SMEs 
• Regular training, an openness to innovation, and a clear vision all contribute heavily to an SMEs’ chances of success  
• Allica Bank has launched a programme of free workshops to expand on the findings and support business owners 

Bitfinex Offers Up To US$400 Million Reward For Return Of Stolen 2016 Bitcoins

Date 04/08/2020

Bitfinex, a state-of-the-art digital asset trading platform, is offering a reward to persons that connect the exchange with the hackers responsible for the unauthorized transfer of almost 120,000 bitcoins from the exchange in August 2016. The hackers themselves will also be rewarded for returning the stolen property. A total reward pot of approximately US$400 million is available as part of the exchange’s efforts to reclaim the stolen property.

Financial Market Data Spending Expected To Decline In 2021; Industry Undecided On Impact Of Covid-19 - New Burton-Taylor Survey Results

Date 04/08/2020

Global spending on financial market data is expected to decline marginally in 2021, with 33.7% of respondents in Burton-Taylor’s Financial Market Data/Analysis 2020 Global Demand Survey expecting spending to decline by more than 2%, with 8.5% of respondents expecting total spending to decline by 6% or more according to a new study published today by Burton-Taylor International Consulting, part of TP ICAP’s Data & Analytics division. User segments expected to see the largest declines included salespeople and corporate C-Suite users, with 15% and 13% in each category expecting spending declines in excess of 6%, respectively.

CME Group Reports July 2020 Monthly Market Statistics

Date 04/08/2020

CME Group, the world's leading and most diverse derivatives marketplace, today reported July 2020 market statistics, including average daily volume (ADV) of 13.6 million contracts during the month. Open interest at the end of July was 101 million contracts. Market statistics are available online in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

RIA Portfolio Management And Reporting Systems - As Platform Functionality Becomes Commoditized, Vendors Will Build Out New Service Offerings To Grow Client Value, Finds The Latest Aite Group Report.

Date 04/08/2020

The landscape of RIA technology has become increasingly crowded, but the recent shock of the COVID-19 pandemic has catapulted advisors into a new understanding of the importance of efficient technology and digital client engagement. The technology is now evolving to address market dynamics, new challenges, and the needs of advisors’ end clients. Vendor platforms have a primary focus on portfolio management and reporting, but data consolidation, business intelligence, and new RIA service models have also emerged as keys to an evolving value proposition. A new Aite Group report, Aite Matrix: RIA Portfolio Management and Reporting Systems, examines the market for RIA portfolio management and reporting systems.

Shares Of “Bank Center Credit” Are Listed And Admitted To Trading On AIX

Date 04/08/2020

Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that the shares of the “Bank Center Credit” JSC (“BCC”), one of the largest private banks in Kazakhstan, have been listed and admitted to trading on AIX. The Bank became the first Issuer listed on AIX based on the recently introduced Regional Equity Market Segment (REMS), which is aimed at enabling access of mid-cap companies to a broader investor base and to the equity capital market.