News Centre

The Alternative Reference Rates Committee Selects A Broad Repo Rate As Its Preferred Alternative Reference Rate

Date 22/06/2017

At its meeting today, the Alternative Reference Rates Committee (ARRC) identified a broad Treasuries repo financing rate, which the Federal Reserve Bank of New York has proposed publishing in cooperation with the Office of Financial Research, as the rate that, in its consensus view, represents best practice for use in certain new U.S. dollar derivatives and other financial contracts.¹

Federal Reserve Board Releases Results Of Supervisory Bank Stress Tests

Date 22/06/2017

The nation's largest bank holding companies have strong capital levels and retain their ability to lend to households and businesses during a severe recession, according to the results of supervisory stress tests released Thursday by the Federal Reserve Board.

Treasury Got A “D” - By Kelvin To, Founder And President Of Data Boiler Technologies

Date 22/06/2017

The U.S. Treasury published a report on June 12, 2017 in respond to the President’s Executive Order (EO) 13772 on core principles for regulating the U.S. financial system. It has an interesting remark about the design and implementation of the Volcker Rule: “far overshot the mark” – a vague compliment or false-modesty. However, the report itself scored low marks and I am giving it a “D” grade because:

• Off topic, incomplete, failed to provide a macro view to help facilitate actions.
• Totally missed the mark on discovering ways to cope with 21st century challenges.
• Omitted a roadmap of how supervisory changes will translate into economic benefits.

SIFMA Fixed-Income Market Close Recommendations For The U.S. Independence Day Holiday In The U.S., UK And Japan

Date 22/06/2017

SIFMA has confirmed its previous holiday recommendations for the trading of U.S. dollar-denominated fixed-income securities in the U.S., UK and Japan in observance of the U.S. Independence Day Holiday. 

FIA Launches Third Annual Innovators Pavilion

Date 22/06/2017

FIA launched the third annual Innovators Pavilion today; a showcase for fintech startups that are offering forward-thinking solutions for the global derivatives markets.

CFTC Charges New Jersey Resident Michael S. Wright And New York Firm Wright Time Capital Group LLC (D/B/A Global FX Club) With Solicitation Fraud And Misappropriation In Connection With A Pooled Investment In Foreign Currency Derivatives Trading - CFTC Complaint Also Charges Them With Issuing False Account Statements And Registration Violations

Date 22/06/2017

The U.S. Commodity Futures Trading Commission (CFTC) today filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Michael S. Wright, of Jersey City, New Jersey, and his firm Wright Time Capital Group LLC, d/b/a Global FX Club (WTCG), a New York limited liability company, charging them with fraud, misappropriation, and issuing false account statements in connection with a pooled investment in foreign currency derivatives (forex) trading. The CFTC Complaint also charges WTCG with failing to register with the CFTC as a commodity pool operator (CPO), as required, and engaging in activities prohibited for a CPO, including commingling pool funds with Defendants’ funds.

London Stock Exchange Group Plc Transaction In Own Shares

Date 22/06/2017

London Stock Exchange Group plc (the "Company") announces that it has purchased through Barclays Capital Securities Limited, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 26 April 2017, the following number of its ordinary shares of 6 79/86 pence each ("Shares") on the London Stock Exchange as part of the buyback programme announced on 29 March 2017:

Dubai Financial Services Authority: Notice Of Consultation Paper Release

Date 22/06/2017

The DFSA has released the following for consultation:

Consultation Paper No. 113 – Capital Requirements Review

Consultation Paper No. 114 – Liquidity Requirements Review

Eid Al Fiter Holiday For Qatar Stock Exchange

Date 22/06/2017

Qatar Stock Exchange would like to inform you that Eid Al Fitr Holiday will be five working Days, starting on Sunday 25/06/2017 till Thursday 29/06/2017.

Borsa İstanbul Announces Constituent Changes To The BIST Equity Indices For The Third Quarter Of 2017

Date 22/06/2017

All changes will be applied after the close of business on Friday, June 30, 2017 and will be effective on Monday, July 3, 2017.