News Centre

S&P Europe 350 Factor Dashboard

Date 03/04/2019

• All of our core European factor indices enjoyed gains in the first quarter. Benefiting from the risk-on trend, the standout performer was Momentum. 
• Quality outperformed, gaining 15% as investors flocked to companies with solid earnings and lower leverage. Offering stable income with a quality tilt, Dividend Aristocrats also gained 15%. 
• Despite the threat of lower rates for longer and a fresh round of stimulus from the European Central Bank, purely yield-based strategies underperformed this quarter.  

American Financial Exchange (AFX) Announces A Record Day Of $2.354 Billion And Weekly, Monthly And Quarterly Record Transaction Volumes

Date 03/04/2019

American Financial Exchange® (AFX®), an electronic exchange for direct lending and borrowing for American financial institutions, announced today new daily, weekly and monthly record transaction volumes. 

Federal Reserve Board Announces Changes To Its Payment System Risk Policy Regarding Intraday Credit To U.S. Branches And Agencies Of Foreign Banking Organizations

Date 03/04/2019

The Federal Reserve Board on Wednesday published a final rule implementing policy changes to procedures governing the provision of intraday credit to U.S. branches and agencies of foreign banking organizations (FBOs). The changes are intended to refine the methods for determining the level of intraday credit that these branches and agencies can receive from the Federal Reserve Banks.

SEC: Statement On “Framework For ‘Investment Contract’ Analysis Of Digital Assets” - Bill Hinman, Director Of Division Of Corporation Finance, Valerie Szczepanik, Senior Advisor For Digital Assets And Innovation

Date 03/04/2019

Blockchain and distributed ledger technology can catalyze a wide range of innovation.  We have seen these technologies used to create financial instruments, sometimes in the form of tokens or coins that can provide investment opportunities like those offered through more traditional forms of securities.  Depending on the nature of the digital asset, including what rights it purports to convey and how it is offered and sold, it may fall within the definition of a security under the U.S. federal securities laws.

FIS Goes Live With Its New Commodity Derivatives Trading Platform From KB TECH - Leading Freight And Commodity Brokerage Partners With Financial Software Specialist To Deliver Screen-Based Trading

Date 03/04/2019

Freight Investor Services, the global leader in freight and commodity derivatives has partnered with financial software developer KB TECH to launch a new platform for commodity derivatives. The FIS Screen provides live prices and forward curves on some of the most liquid Physical FFA freight routes and fertilizer derivatives contracts, improving price discovery and simplifying trading.

Short Sellers Borrow $455m Worth Of LYFT Shares Following IPO: Analysis By Sam Pierson, Director Of Securities Finance, IHS Markit

Date 03/04/2019

Shares of ride-hailing service Lyft, Inc closed Tuesday 4% below their IPO price of $72, however that belies the volatility of the first three days of trading. The shares opened above $87 on Friday, the first day of trading, so yesterday’s close reflects a  26% decline from the intraday peak.

Intercontinental Exchange Reports March Statistics

Date 03/04/2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today reported March trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at http://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

EEX To Introduce New Suite Of Commodity Products In Power, Freight And Emissions Derivatives

Date 03/04/2019

On 3 June 2019, the European Energy Exchange (EEX) will expand its product range on the derivatives market with new power futures, freight futures and options as well as further maturities in emissions options. Clearing and settlement of the new products and maturities will be carried out by European Commodity Clearing (ECC).

Solactive MicroSectors™ U.S. Big Bank Index launches, Underlying New MicroSectors ETNs

Date 03/04/2019

Solactive is pleased to announce the Solactive MicroSectors™ U.S. Big Bank Index. The Index premiers as Solactive’s first joint collaboration with US company REX Shares, functions as the underlying for a series of long & short ETNs for sophisticated investors, and is linked only to the biggest U.S. banks. With respect to conventional sector classification, the equal-weighted index captures the ten largest securities according to free-float market capitalization from the U.S. banking sector, giving investors direct exposure to system-relevant financial companies.

R.J. O’Brien Appoints Heather J. Rucci Managing Director, Human Resources

Date 03/04/2019

Chicago-based R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced that Heather J. Rucci has just joined the firm as Managing Director, Human Resources.  Rucci has two decades of human resources (HR) experience, including as an HR executive at a premier global investment manager.