News Centre

Europex - The Entry Into Application Of MiFID II / MiFIR: The Start Of A New Era Of European Energy Commodity Derivatives Trading

Date 03/01/2018

Today’s  entry  into  application  of  the  revised  Markets  in  Financial Instruments Directive (MiFID II) and its accompanying Regulation (MiFIR) marks a major milestone in European energy commodity trading. The great majority of gas and electricity derivative contracts as well as all EU ETS emission allowances are now classified as financial instruments  – along with all other  commodity  derivatives.  New  rules  for market  venues,  like energy  exchanges,  where  these financial  instruments  are  traded,  apply  along  with  numerous  other  changes  affecting  market participants and market infrastructure providers.

Xetra-Gold Ends 2017 With Record Holdings Of 175 Tonnes Of Gold - Germans Continue Investing Heavily In Gold - Increase Of 57 Tonnes Over Previous Year - Europe's Largest Physically-Backed Gold Security

Date 03/01/2018

The gold holdings of the Xetra-Gold physically-backed bearer note of 175.04 tonnes at the end of 2017 marks a new all-time high. That figure stood at just 117.59 at the end of 2016. The reserve increases when investors purchase Xetra-Gold units via the stock exchange. Each unit is backed by exactly one gram of physical gold stored in the German central vault for securities. Assets under management of Xetra-Gold are currently worth around €6.1 billion.

SET Index Begins 2018 With All-Time Closing High Of 1,778.53 Points

Date 03/01/2018

The Stock Exchange of Thailand (SET)’s main index hit a new record high in the first trading day of 2018 by closing at 1,778.53 points, the highest closing level since its inception in 1975, while gaining 24.82 points or 1.42 percent from end-2017. Combined market capitalization of SET and Market for Alternative Investment (mai) rose to THB 18.17 trillion (approx. USD 568 billion), while daily average trading value was at THB 88.08 billion.

Eurex Exchange Outlines 2018 Road Map

Date 03/01/2018

In 2018, Europe’s largest derivatives exchange Eurex, part of Deutsche Börse Group, will continue to focus on helping its clients to navigate the regulatory changes ahead. “The introduction of MiFID II, rising capital requirements and Brexit pose challenges to the whole market,” said CEO Thomas Book. “In this environment, we gather our innovative power and develop solutions that support the industry.”

Cboe LIS Hits New Milestone Of €20 Billion Traded Since Launch

Date 03/01/2018

• Block trading platform launched one year ago hits €20 billion traded milestone
• Cboe LIS reports average daily notional value (ADNV) traded of €131.5 million in December
• Cboe Periodic Auctions book sets new monthly record, December ADNV reaches €37.5 million, up 41.8%  month-on-month

Abu Dhabi Global Market Introduces Enhanced Prudential Regime For Investment Firms, Insurance Intermediaries And Banks

Date 03/01/2018

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) is pleased to publish and ‘go live’ with a number of enhancements to its “Prudential – Investment, Insurance Intermediation and Banking” (PRU) Rulebook. This follows a successful public consultation which completed on 7 December 2017.

FCA, BoE, BaFIN Provide Transitional Periods To Comply With Open Access Requirements Under MiFIR

Date 03/01/2018

The UK’s Financial Conduct Authority, Bank of England and Gemany's BaFIN have issued statements providing transitional periods for ICE Futures Europe, London Metal Exchange, LME Clear and Eurex Clearing in relation to open access requirements under MiFIR, which came into effect today.

Intercontinental Exchange Statement On Non-Discriminatory Access Arrangements For Exchange Traded Derivatives Under Markets In Financial Instruments Regulation - ICE Futures Europe And ICE Clear Europe Receive 30 Month Deferral

Date 03/01/2018

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Futures Europe and ICE Clear Europe have received a deferral from the Financial Conduct Authority (FCA) and the Bank of England (BoE) in respect of non-discriminatory access provisions in the Markets in Financial Instruments Regulation (MiFIR).

UK’s Financial Conduct Authority: Statement On Transitional Arrangements For Trading Venues Under MiFIR Article 54(2)

Date 03/01/2018

Under Article 54(2) of the Markets in Financial Instruments Regulation (“MiFIR”), an EU Central Counterparty (CCP) or trading venue may apply to its Competent Authority for a transitional arrangement in relation to exchange-traded derivatives, under which the open access requirements of Articles 35 or 36, respectively, of MiFIR would not apply until July 2020.

Nadex Widens Acceptable Bid/Ask Spread Used In Currency Expiration Value Calculation

Date 03/01/2018

On January 2, 2018 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that on trade date Tuesday, January 2, 2018, the underlying GBP/USD cash market experienced a period of decreased activity at the open of the Nadex derivative contracts.  The expiration value calculation process under ‘slow’ conditions would collect midpoints for the settlement data set 10 pips wide or less between the bid and ask spread.  Due to decreased activity in the underlying GBP/USD market, Nadex widened the acceptable bid/ask spread from 10 pips, to 20 pips wide, in order to use prices occurring closer to the contract’s expiration time and provide a more accurate expiration value.