News Centre

CryptoCompare Launches New Historical Data Product On Quandl

Date 20/02/2020

CryptoCompare has launched a new historical data product on the Quandl platform that will enable institutional investors to monitor the nascent digital asset class and assess investment opportunities using a trusted data source.

Statements Of Concurrence By CFTC Commissioner Rostin Behnam Regarding Proposed Rules On Real-Time Public Reporting And Swap Data Recordkeeping, February 20, 2020, Real-Time Public Reporting Requirements (Part 43)

Date 20/02/2020

I respectfully concur in the Commission’s proposal to amend certain real-time public reporting requirements.  I support the Commission’s ongoing review of its swap reporting rules; however, I think it is very important that we not lose sight of why we have these rules in the first place.  Prior to the 2008 financial crisis, swaps were largely exempt from regulation and traded exclusively over-the-counter.[1]  Lack of transparency in the over-the-counter swaps market contributed to the financial crisis because both regulators and market participants lacked the visibility necessary to identify and assess swaps market exposures and counterparty relationships and counterparty credit risk.[2]  In the aftermath of the financial crisis, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 (Dodd-Frank Act).[3]  The Dodd-Frank Act largely incorporated the international financial reform initiatives for over-the-counter derivatives laid out at the 2009 G20 Pittsburgh Summit, which sought to improve transparency, mitigate systemic risk, and protect against market abuse.[4]  With respect to data reporting, the policy initiative developed by the G20 focused on establishing a consistent and standardized global data set across jurisdictions in order to support regulatory efforts to timely identify systemic risk.  The critical need and importance of this policy goal given the consequences of the financial crisis cannot be understated.

Ontario Securities Commission Proposes Rule To Restrict Use Of Deferred Sales Charge Option

Date 20/02/2020

The Ontario Securities Commission (OSC) today published for comment a proposed rule that would restrict the use of the deferred sales charge (DSC) option in the sale of mutual funds. The proposed rule is intended to address negative investor outcomes by limiting the circumstances in which mutual funds with the DSC option can be sold and by giving clients greater flexibility to redeem these investments without penalties.

CFTC Unanimously Approves Proposed Rules To Improve Data Quality, Streamline Regulations At February 20 Open Meeting

Date 20/02/2020

The Commodity Futures Trading Commission at its open meeting today unanimously approved two proposed rules to revise CFTC regulations for swap data reporting, dissemination, and public reporting requirements for market participants. The Commission also unanimously approved reopening the comment period of a proposed rule to amend certain agency regulations related to swap data repositories. All three measures are intended to improve data quality and streamline CFTC regulations.

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.