News Centre

SEC Charges Merrill Lynch And Harvest Volatility Management For Ignoring Client Instructions - SEC Penalizes Firms, Recovers More Than $6 Million Of Excess Fees Tied To Options Trading Strategy

Date 25/09/2024

The Securities and Exchange Commission today announced charges against Harvest Volatility Management LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. for exceeding clients’ designated investment limits over a two-year period beginning in March 2016, which resulted in clients paying higher fees, being subjected to increased market exposure, and incurring investment losses. As part of the separate settlements, Harvest and Merrill have agreed to pay a combined $9.3 million in penalties and disgorgement to resolve the SEC’s claims. 

CISI Joins Global Capacity Building Coalition Supporting Launch Of New Digital Platform For Finance Climate Action Strategies

Date 25/09/2024

• Michael R. Bloomberg and Mary Schapiro Announce Beta Launch of Platform to Support Financial Institutions Seeking to Build Climate Finance Technical Capacity and Resources
• Developed by the Global Capacity Building Coalition, the new Digital Platform is designed to be a go-to global resource for financial institutions developing climate action strategies, particularly in emerging markets and developing economies
• Following its launch at COP28 with 19 founding members, the Coalition’s membership has now more than doubled to over 50 organizations

ICE Clear Credit Is First CDS Clearing House To Process More Than $1 Trillion USD Notional Amount In One Day

Date 25/09/2024

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that ICE Clear Credit processed a record of more than $1.1 trillion USD equivalent notional amount of credit default swap (CDS) instruments on Friday, September 20 - the most ever cleared in a single day by any CDS clearinghouse. As part of that, a record daily notional amount of $900 billion from client-related CDS transactions was cleared.

London Stock Exchange Group: Publication Of Final Terms

Date 25/09/2024

The following Final Terms are available for viewing:

Final Terms dated 25 September 2024 of LSEG US Fin Corp. for the US$100,000,000 4.000 per cent. Guaranteed Notes due 27 September 2027 (ISIN: XS2908610632) (the Final Terms) (the Notes), unconditionally and irrevocably guaranteed by London Stock Exchange Group plc and issued pursuant to the £4,000,000,000 Euro Medium Term Note Programme of London Stock Exchange Group plc, LSEGA Financing plc, LSEG Netherlands B.V. and LSEG US Fin Corp. (the Programme).

TRUSTED AI: Ethical, Safe, And Effective Application Of Artificial Intelligence At The Bank Of England − Speech By James Benford, Bank Of England Executive Director For Data And Analytics Transformation And Chief Data Officer, Given At The Central Bank AI Conference

Date 25/09/2024

Recent advances in artificial intelligence (AI) bring many opportunities and challenges to central banks. In this new chapter, we should take confidence from our experience with models. But resolve and humility are critical for us to broaden our data and analytics agendas and strengthen governance. Models will need to be TRUSTED (Targeted, Reliable, Understood, Secure, stress-Tested, Ethical and Durable) to ensure their ethical, safe and effective application across the organisation.

OECD: Global Growth Remains Resilient And Inflation Has Further Declined

Date 25/09/2024

High-frequency activity from July and August indicators suggest ongoing growth momentum overall. Business surveys continue to point to stronger activity in services than in manufacturing sectors. While consumer confidence remains subdued relative to long-term trends, survey indicators suggest that confidence is improving in Europe and emerging-market economies. Headline inflation has continued to fall this year in most G20 countries.

First Collaboration Between Tel Aviv Stock Exchange And Analyst For The Launch Of 6 Innovative Customized Indices Under Exclusivity Contract

Date 25/09/2024

TASE announces today a collaboration with Analyst Mutual Funds, as part of which TASE will launch, for the first time, 6 new exclusive and lucrative indices for Analyst: 3 equity indices and 3 Tel Bond indices. These high-quality indices will offer investors top-tier value and standards. For the first time, Analyst will launch index-tracking funds & ETFs exclusively for TASE indices, expanding the variety of investment products and enhancing competition. Moreover, Analyst Mutual Funds also plans to launch, for the first time, tracking funds on non-exclusive TASE indices, further enhancing competition for the benefit of the investors.

1.2 Million More Homes In England Will Be At Risk Of Subsidence By 2050[i] - LexisNexis Risk Solutions Launches Perils Offering To Provide Brokers The Ability To Better Assess Risk And Improve Customer Satisfaction At Point Of Quote

Date 25/09/2024

Analysis of British Geological Survey data from LexisNexis® Risk Solutions, the data, advanced analytics and technology provider to the insurance market, reveals that with the current climate trajectory, approximately 1.2 million more homes in England are at risk of subsidence issues by 2050. This is a 27% increase to the estimated 4.5 million households already at subsidence risk today.

Borsa İstanbul: Periodic Review For The BIST-KYD Corporate Eurobond Indices For The Fourth Quarter Of 2024 Has Been Finalized

Date 25/09/2024

In accordance with the article 3.1.6. of BIST-KYD Indices Methodology, periodic review for the BIST-KYD Corporate Eurobond Indices for the fourth quarter of 2024 (October 1, 2024 – December 31, 2024) has been finalized.

Eurex: Asset Managers Embrace The STOXX Europe 600 Ecosystem As They Seek More Diversified Hedges

Date 25/09/2024

The STOXX® Europe 600 Index Futures can be traced back to 1998. However, trading volumes, open interest and investor engagement in the index and its wider ecosystem have soared in 2024 as investors seek a diversified, broad-based index to hedge and trade exposures to Europe.