News Centre

MiFID II, Brexit, China - TRADEWEB Year-in-Review – Biggest Fixed Income & Derivatives Events Of 2018

Date 11/12/2018

Highlights:

• Derivatives Volumes Surge Following MiFID II: As new trading mandates under MiFID II governing European derivatives went into effect at the start of 2018, activity on multilateral trading facilities (MTFs) ramped up quickly, roughly doubling in each of the first three quarters of 2018.
• Chinese Bond Market Gets Ready for its Close-Up: China made significant moves to open up its markets to foreign investors in 2018. By August, China had eased or completely removed foreign ownership limits on a number of its key industries, including finance, mining, shipbuilding and aircraft manufacturing, culminating in, amongst other things, a new revolution in overseas trading in China’s bond market. By the end of November this year, more than $160 billion had been traded on China’s Bond Connect platform via Tradeweb, which was the first offshore trading venue to connect to the platform.

CUSIP Request Volume Mixed In November, Suggesting Possible Divergence In Corporate And Municipal Issuance Activity Over Next Quarter - Municipal Request Volume Declines While Corporate Volume Increases On Month-To-Month Basis

Date 11/12/2018

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for November 2018. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found monthly increases in domestic corporate issuance, while requests for municipal and international identifiers declined in November. This is suggestive of a possible slowdown in the pace of new issuance activity in the first quarter of the New Year.

The UK Chancellor Of The Exchequer Philip Hammond's Speech At The Bloomberg Global Regulatory On Emerging And Growth Markets

Date 11/12/2018

Thank you Constantin, it’s great to be here.

And it’s great to get out of Whitehall, to the wonderful surroundings of Bloomberg’s new European HQ.

This HQ is a great representation of this City.

SEC Charges The Hain Celestial Group With Internal Controls Failures

Date 11/12/2018

The Securities and Exchange Commission today announced settled charges against a natural and organic food company stemming from weaknesses in the company's internal controls related to end-of-quarter sales practices that were designed to help the company meet its internal sales targets. Based upon its extensive cooperation with the SEC's investigation, which included self-reporting and remediation efforts, the SEC did not impose a monetary penalty on the company.

New DTCC Risk Survey Reveals Growing Concerns Over Brexit’s Systemic Implications - Cyber Security And Geopolitical Risk Continue To Dominate As The Top Risks To The Financial Services Industry - Excessive Global Debt Cited As A Growing Concern

Date 11/12/2018

The slower than expected negotiating progress between the United Kingdom and the European Union and the ongoing uncertainty of the outcome has positioned Brexit as a top systemic risk concern for 2019, although cybersecurity and other geopolitical risks around the globe continue to dominate the risk landscape, according to a new survey published by The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry.

ESMA Publishes The Responses To Its Consultation On Stress Testing Guidelines For Money Market Funds

Date 11/12/2018

ESMA has published the responses received to the Consultation Paper on draft guidelines on stress test scenarios under the MMF Regulation

Velocimetrics Shortlisted For ‘Best Time-Stamping/Latency Measurement System’ By TradingTech awards

Date 11/12/2018

Fintech firm Velocimetrics, the leading provider of business flow tracking and real-time, in-stream performance analytics, has been shortlisted in the ‘Best Time-stamping/Latency Measurement System’ category by the TradingTech Awards Europe. Velocimetrics is unique in providing true, live, ‘in-stream’ market data monitoring and predictive analytics, giving financial institutions maximum insight, accuracy and business efficiency in real-time.

genesis Partners With OpenFin To Accelerate Digital Transformation In Capital Markets

Date 11/12/2018

genesis, the international capital markets software firm and OpenFin are pleased to announce their partnership, to provide clients with scalable and interoperable technology and desktop solutions, built and deployed at great speed. The partnership helps drive front to back office digital transformation projects across capital markets - from the server to the desktop - bringing together genesis’ ability for agile software development and OpenFin’s application interoperability across financial desktops.

GRSS Subsidiary, CFBF, Authorised AS EU Benchmark Administrator - PRIBOR Interest Rate Benchmark Meets EU BMR Standards

Date 11/12/2018

Global Rate Set Systems Ltd (GRSS) are pleased to announce that its subsidiary, the Czech Financial Benchmark Facility (CFBF), has today been authorised as a Benchmark Administrator under European Benchmark Regulation (BMR). The authorisation is granted by, and will operate under the supervision of, The Czech National Bank and is recognized by The European Markets and Securities Authority (ESMA) on its register of approved Benchmark Administrators.

Beta Version Of LEI Search Tool 2.0 From GLEIF Provides Enhanced Options To Easily Access Open, Standardized And High Quality LEI Data - All Stakeholders Are Invited To Comment On The Beta Version Of The New LEI Search Tool By June 30th 2019

Date 11/12/2018

The Global Legal Entity Identifier Foundation (GLEIF) has published the beta version of its new Legal Entity Identifier (LEI) search tool 2.0. Using the tool, market participants can easily explore information on more than 1.3 million organizations contained within the public LEI data pool. Version 2.0 of the search tool provides enhanced functionality including the option to identify corporate ownership structures or pinpoint other identifiers that have been mapped to an LEI. With this release, GLEIF offers improved access to a unique and free data source that allows corporate dots to be connected globally based on open, standardized and high quality LEI data.