News Centre

Canadian Securities Regulators Adopt Ban On Deferred Sales Charges

Date 20/02/2020

The securities regulatory authorities of British Columbia, Alberta, Saskatchewan, Manitoba, Québec, Nova Scotia, Prince Edward Island, New Brunswick, Newfoundland and Labrador, Nunavut, Northwest Territories and Yukon (the Participating Jurisdictions, or we), after extensive research, analysis, and consultations with the investment industry and investor advocates, are today adopting rules that will lead to the end of deferred sales charges (DSC) on mutual funds.

Statement Of CFTC Chairman Heath P. Tarbert In Support Of Proposed Rules On Swap Data Reporting

Date 20/02/2020

Data is the lifeblood of our markets.  Yet for too long, market participants have been burdened with confusing and costly swap data reporting rules that do little to advance the Commission’s regulatory functions.  In the decade-long effort to refine our swap data rules, we have at times lost sight of Sir Isaac Newton’s wisdom: “Truth is ever to be found in simplicity, and not in the multiplicity and confusion of things.”

New Study Finds Index Strategies Using Cboe Russell 2000 Options Offer Income Generation And Downside Protection

Date 20/02/2020

• Index strategies using Cboe Russell 2000 Options have exhibited less severe maximum drawdowns, lower standard deviations relative to underlying equity index since 2001
• Inclusion of Cboe PUTR Index in a traditional stock/bond portfolio also enhanced risk-adjusted returns

Paxos Settlement Service Begins Settling U.S. Securities Trades For Credit Suisse And Instinet

Date 20/02/2020

• First Time that Blockchain-Enabled Settlement is Used in Live Environment for U.S. Listed Securities
• Paxos to Apply for Clearing Agency Registration with SEC

Statement Of CFTC Commissioner Dawn D. Stump Regarding Proposed Rules: Swap Data Reporting

Date 20/02/2020

I am very pleased to be here today addressing updates to the Commission’s swap data reporting rules (which I will refer to collectively as the “proposal”). I would like to thank the staff of the Division of Market Oversight (DMO) for their efforts over the past several years to advance what I consider foundational to effectuating reforms in the over-the-counter (OTC) swaps market.  I applaud their commitment to adapting these rules, and I am grateful for their attention to incorporating suggestions from my Office. I also would like to thank the Office of the Chief Economist and the Office of General Counsel for their many contributions to ready this rule for consideration today.

Sage ESG ETF To Maintain Course

Date 20/02/2020

Sage Advisory Services (“Sage”), a fixed income investment management firm, announces that its ESG Intermediate Credit exchanged‐traded fund (ETF), “GUDB,” will continue to track the Sage ESG Intermediate Credit Index and operate pursuant to a transparent passively managed strategy. The expense ratio, fund name, and ticker remain unchanged. The Sage ESG Intermediate Credit ETF seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Sage ESG Intermediate Credit Index. This press releases retracts the previous releases that discussed various future changes to the structure of GUDB.

MIAX PEARL Equities - Correction: Exchange Codes And Important Dates Regarding The Launch Of The New Equities Exchange, MIAX PEARL In September 2020

Date 20/02/2020

As previously announced, the MIAX will launch a new Equities Exchange.  MIAX PEARL Equities (EPRL) will begin trading in September 2020, pending SEC approval.  In preparation of the launch, details are included below with two corrections from the previous February 14th Alert.  The Blue sheet Exchange Code is 8 (versus 7) and the Blue sheet Requestor Code is 7 (versus 8).

ACER: New REMIT Quarterly Just Published

Date 20/02/2020

The 19th edition of the Agency’s REMIT Quarterly has been published on the REMIT Portal. Covering the last quarter of 2019, this edition provides the Agency’s assessment of the operation of different categories of market places and ways of trading, describing the trends in data reporting and collection, as well as statistics regarding market participants, registered reporting mechanisms and transactions on organised market places observed in 2019.

CFTC Charges Investment Firm And VP With Commodity Pool Fraud

Date 20/02/2020

The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the U.S. District Court for the Western District of North Carolina charging Winston Reed Investments LLC (WRI)and its vice president and investment consultant, Mark N. Pyatt a/k/a Daniel Randolph, a former North Carolina resident, with misappropriation of customer funds and fraudulent solicitation in connection with a commodity pool.

Members Exchange Closes Additional Round Of Strategic Financing, Announces July 24th Launch Date - Strategic Investment Led By J.P. Morgan, Goldman Sachs, Jane Street Capital - MEMX To Launch Exchange On July 24, 2020, Pending Regulatory Approval

Date 20/02/2020

Members Exchange (MEMX), a market operator founded by members to benefit all investors, announced today the closure of a strategic round of funding led by J.P. Morgan, Goldman Sachs Group, Inc., and Jane Street Capital, LLC., as well as plans to launch the exchange on July 24, 2020.