News Centre

Intercontinental Exchange Announces Marketing And Communications Leadership As Kelly Loeffler Prepares To Depart At The End Of 2018

Date 27/03/2018

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that Kelly Loeffler, the company’s longtime head of communications, marketing and investor relations, will depart at the end of 2018, concluding 16 years with the company.

OCC Continues To Clear The Path For The Exchange-Listed Options Industry, By Craig Donohue, OCC Executive Chairman And Chief Executive Officer, March 27, 2018, 2018

Date 27/03/2018

In 2017 OCC achieved a number of key milestones that position our company for continued resiliency, innovation and growth while providing our exchange partners, clearing firms, and market participants with open access and reliable central counterparty services with operational excellence.

SEC Charges Recidivist Broker-Dealer In Employee’s Long-Running Pump-And-Dump Fraud

Date 27/03/2018

The Securities and Exchange Commission announced charges against Wedbush Securities Inc. for failing to supervise employee Timary Delorme after the broker-dealer ignored numerous red flags indicating that Delorme was involved in a long-running pump-and-dump scheme targeting retail investors.  Delorme agreed to settle fraud charges stemming from the same scheme.  This is the second SEC action against Wedbush this year and the third since 2014.      

Canadian Securities Administrators Announce Policy Projects Aiming To Reduce Regulatory Burden In Public Markets

Date 27/03/2018

The Canadian Securities Administrators (CSA) today published CSA Staff Notice 51-353 Update on CSA Consultation Paper 51-404 Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers, which outlines the CSA’s plan to pursue policy projects to examine specific prospectus requirements, revisit certain continuous disclosure requirements, and enhance electronic delivery of documents.

Cboe Vest’s New “Dividend Aristocrats” ETF (Ticker: KNG) Combines Quality Dividend Growers With Partial Call Overwriting Strategy, Targeting Income With Growth

Date 27/03/2018

• Cboe Vest is building the second generation of option-based index strategies. Such strategies incorporate novel uses of options seeking to achieve targeted portfolio return features such as risk mitigation, growth or income. Similar to the evolution from market-capitalization-weighted traditional beta strategies to factor tilt second-generation strategies (colloquially known as “smart beta”), Options 2.0 strategies are an evolution from the first-generation of simple but fully covered-call and put writing options strategies.
• Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF (Ticker: KNG) is the first index-based ETF to combine the dividend growth factor, a recognized smart beta strategy, with a second-generation dynamic and partial covered-call options strategy.
• KNG, which seeks to produce income with growth, is comprised of an equally weighted portfolio of well-known “Aristocrats,” S&P 500 stocks with a history of 25 years of consecutive dividend growth. A monthly call overwrite strategy applied to a small part of the stock holdings converts a portion of the future growth of each stock into current income.
• The fund gives investors access to a strategy targeting annualized income of 3.0% over the annual dividend yield of S&P 500 Index, with proportional price returns, in a single ticker.

Borsa İstanbul Announces Constituent Changes To The BIST-KYD Fund Indices For The Second Quarter Of 2018

Date 27/03/2018

Referring to 3.3. article of the BIST-KYD Indices Ground Rules, constituent changes to the BIST-KYD Fixed Income Fund Index and BIST-KYD Equity Fund Index for the second quarter of 2018 are determined. All changes will be effective on April 2, 2018.

ESM Board Of Directors Approves €6.7 Billion Loan Tranche To Greece

Date 27/03/2018

Today the Board of Directors of the European Stability Mechanism (ESM) approved the fourth tranche of €6.7 billion of ESM financial assistance for Greece. This decision follows the Greek government’s completion of all prior actions and the subsequent approval of the Supplemental Memorandum of Understanding by the ESM Board of Governors. The tranche will be used for debt service, domestic arrears clearance and for establishing a cash buffer. The Board also approved an amendment to the Financial Assistance Facility Agreement (FFA) between the ESM and Greece.

Borsa İstanbul: Periodic Review For The BIST-KYD Corporate Eurobond Indices For The Period April-June 2018 Has Been Finalized

Date 27/03/2018

In accordance with the article 3.3. of BIST-KYD Indices Ground Rules, periodic review for the BIST-KYD Corporate Eurobond Indices for the period April-June 2018 (April 2, 2018 – June 29, 2018) has been finalized. According to the results of the periodic review, the Eurobonds whose issue information are given below, will be included in BIST-KYD Corporate Eurobond USD and BIST-KYD Corporate Eurobond USD (TRY) Indices, effective from April 2, 2018.

EBA: Consultation On The Extension Of The Application Of The Joint Committee Guidelines On Complaints-Handling To The New Institutions Under PSD2 And MCD

Date 27/03/2018

The European Banking Authority (EBA) launched today a public consultation to propose extending the scope of application of the existing Joint Committee (JC) Guidelines on complaints-handling to the new institutions established under the revised Payment Service Directive (PSD2) and the Mortgage Credit Directive (MCD). The proposal, which does not envisage any changes to the substance of the existing Guidelines, will ensure that an identical set of requirements for complaints-handling continues to apply to all financial institutions across the banking, investment and insurance sectors. The extension of the scope will provide consumers with the same level of protection, irrespective of which regulated product or service they are purchasing and which regulated institution they are purchasing it from. The consultation runs until 27 May 2018. 

OANDA Exchange API App Now Available On Microsoft Dynamics 365

Date 27/03/2018

A global leader in corporate and consumer foreign exchange solutions, OANDA now offers its OANDA Exchange API application to all Microsoft Dynamics 365 customers. The new app allows customers to easily integrate the OANDA Exchange Rates API with their Microsoft Dynamics 365 instance, giving access to daily average exchange rates for 38,000+ currency pairs, over 200 currencies, commodities, and precious metals, as well as exchange rates sourced from 25 central banks, and historical currency data back to 1990.