FTSE Mondo Visione Exchanges Index:
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ICE Mortgage Monitor: Rate Drops Make August Most Affordable Month Since February, As Home Price Growth Cools To 12-Month Low
Date 04/09/2024
- Declining mortgage rates have brought home affordability to its best level since February and boosted refinance incentive for many recent-vintage mortgages
- With 30-year conforming rates down 60 bps from just over 7% in May, the principal and interest payment on the average-priced home purchase is $145 less per month than just three months ago
- The share of income needed to make payments on that home (34.3%) is still 10 pp above its 30-year average and ICE Market Trends data shows recent record highs in down payments and credit scores
- Spurred by rate declines, purchase loan demand had two of its best weeks since March, but remains noticeably below the levels seen earlier this year and in 2023 when rates were at comparable levels
- The ICE Home Price Index for July showed the annual rate of home price growth slipping to +3.6% from +4.1% in June, marking the slowest pace in 12 months on rising inventory and still-soft demand
- While prices were up +0.19% from June at the national level, they fell by -0.25% or more across each of Florida’s nine largest metros which, along with Austin, saw the largest single-month declines in July
- In the Midwest and Northeast, inventory shortages persist, and prices continued to push higher in July
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EEX - Successful Start To Trading GO Futures
Date 04/09/2024
The European Energy Exchange (EEX), in collaboration with IncubEx, has successfully launched four new futures contracts on Guarantees of Origin (GO). Launched on 2 September, the new GO Futures include four separate contract types: a general contract for European renewable power GOs and three technology-specific products, for wind, hydro and solar.
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The UK Paymnets Association Comments On UK Payment Systems Regulator Authorised Push Payment Fraud Reimbursement Threshold
Date 04/09/2024
The UK Payment Systems Regulator (PSR) has confirmed the implementation date for Authorised Push Payment (APP) fraud scam protections as 7 October, and published its high value APP scams review and consultation.
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FIA Outlines How Successful Derivatives Markets Will Attract Investor Interest And Support The Enhancement Of The CMU
Date 04/09/2024
FIA, the leading global trade organisation for the futures, options and centrally cleared derivatives markets, has published a paper outlining its views on how to support the progress of the European Union’s Capital Markets Union (CMU).
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DataLend: August 2024 Securities Lending Revenue Down 12% YoY To $831 Million - ‘Specials’ Slump As Equity Cash Markets Continue Strong Run
Date 04/09/2024
The global securities finance industry generated $831 million in revenue for lenders in August 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents a 12% decrease from the $945 million generated in August 2023.
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CME Group Reports Second-Highest Monthly ADV Of 31.7 Million Contracts In August And Double-Digit Increases Across All Six Asset Classes
Date 04/09/2024
- Record interest rate ADV of 18.3 million contracts
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U.S. Treasury futures and options ADV overall, including record volume for 2-year, 5-year and 30-year futures contracts - Record August ADV in equity index, agricultural, foreign exchange and options products
- Record international ADV of 8.9 million contracts
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Amber Wright, R.J. O'Brien Global Head Of Fixed Income, To Assume Additional Role Of Head Of EMEA Sales
Date 04/09/2024
Chicago-based R.J. O'Brien & Associates (RJO), the oldest independent futures brokerage and clearing firm in the United States, today announced the promotion of Amber Wright, Managing Director and Global Head of Fixed Income, to the additional role of Head of EMEA Sales. Along with her current responsibilities for the firm's interest rate initiatives globally, Wright has assumed leadership of sales in the firm's Europe, Middle East & Africa (EMEA) region.
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LME Progresses Market Structure Evolution To Enhance Liquidity
Date 04/09/2024
- LME market structure modernised to boost transparency and increase price competition, for the benefit of all market participants
- Protection of daily prompt date structure and Cash price, which are crucial for physical market trading
- Introduction of industry-standard block rules with liquidity provider programme to support on-screen liquidity
- Crossing rules and increased market data transparency for inter-office trades
- Corresponding rules for OTC lookalike trades to ensure level playing field with on-exchange market
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Delta Capita Hires Bhavesh Mulji As UK Head Of Insurance
Date 04/09/2024
Delta Capita, a leading global financial services consulting, managed services, and technology provider, today announces the appointment of Bhavesh Mulji to UK Head of Insurance.
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UK Financial Conduct Authority Sets Out Steps To Improve Access To Bank Accounts
Date 04/09/2024
In a new report, the FCA encourages account providers to do more to support those who want a bank account but don’t have one.