News Centre

AFME Welcomes Regulatory Flexibility On Tick Size Regime In Light Of COVID-19 Market Challenges

Date 20/03/2020

Following announcements by EU and UK regulators today granting regulatory flexibility in response to the COVID-19 pandemic, Adam Farkas, Chief Executive of AFME, said:

“In light of the unprecedented COVID-19 situation across Europe, banks are currently focusing on managing business continuity issues and are rightly prioritising the need to provide liquidity and manage market risks."

Are Crypto Markets Facing A Crisis? CryptoCompare Data Says No

Date 20/03/2020

With markets in turmoil, CryptoCompare has release some original data and insights showing how digital asset markets are weathering the storm. Below CryptoCompare explores how Bitcoin and crypto spot and derivative markets have reacted, and what use of its data reveals about the recent flurry of trading. 

London Stock Exchange Second Price Monitoring Extension

Date 20/03/2020

A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes.

Bank Of England: Guidance For Schools, Colleges And Local Authorities On Maintaining Educational Provision

Date 20/03/2020

On 19 March 2020, the UK Government published guidance for schools, colleges and local authorities on maintaining educational provision.

London Stock Exchange Price Monitoring Extension

Date 20/03/2020

The auction call period has been extended in this security by 5 minutes.

FIA Joins Trade Associations And Businesses To Urge Trump Administration And Federal Officials To Keep Markets Open

Date 20/03/2020

FIA today joined Managed Funds Association, U.S. Chamber of Commerce, Securities Industry and Financial Markets Association, American Bankers Association, American Cotton Shippers Association, Bank Policy Institute, Cboe Global Markets, Inc., CME Group, Commodity Markets Council, Financial Services Forum, Institute of International Finance, International Swaps and Derivatives Association, Investment Company Institute, Nasdaq, Alternative Investment Management Association and World Federation of Exchanges in a letter to Treasury Secretary Steven Mnuchin, Federal Reserve Chairman Jerome Powell, CFTC Chair Heath Tarbert and SEC Chair Jay Clayton urging that they work to keep the financial markets open during the Coronavirus (COVID-19) outbreak. 

LME Electronic Pricing - Covid-19

Date 20/03/2020

Summary

1. This Notice confirms the commencement of a temporary period of electronic pricing and Ring suspension.

Bank Of England: Further Enhancements To The Provision Of US Dollar Repo Operations - March 2020

Date 20/03/2020

The Bank of England, in co-ordination with other central banks, has decided to further enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements

ESMA Sets Out Approach On MiFIR Tick-Size Regime For Systematic Internalisers

Date 20/03/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is issuing a Public Statement to ensure coordinated supervisory actions by national competent authorities (NCAs) on the application of the new tick-size regime for systematic internalisers under the Markets in Financial Instruments Regulation (MiFIR) and the Investment Firms Regulation (IFR). This approach is needed in response to developments related to the COVID-19 pandemic and the related actions taken by the EU Member States.

Federal Reserve Board Expands Its Program Of Support For Flow Of Credit To The Economy By Taking Steps To Enhance Liquidity And Functioning Of Crucial State And Municipal Money Markets

Date 20/03/2020

The Federal Reserve Board on Friday expanded its program of support for the flow of credit to the economy by taking steps to enhance the liquidity and functioning of crucial state and municipal money markets. Through the Money Market Mutual Fund Liquidity Facility, or MMLF, the Federal Reserve Bank of Boston will now be able to make loans available to eligible financial institutions secured by certain high-quality assets purchased from single state and other tax-exempt municipal money market mutual funds.