News Centre

CFTC Commitments Of Traders Reports Update

Date 04/11/2016

The current reports for the week of November 1, 2016 are now available.

ESMA: Questions And Answers On MiFID II And MiFIR Transparency Topics

Date 04/11/2016

Background

The final legislative texts of Directive 2014/65/EU1 (MiFID II) and Regulation (EU) No 600/20142 (MiFIR) were approved by the European Parliament on 15 April 2014 and by the European Council on 13 May 2014. The two texts were published in the Official Journal on 12 June 2014 and entered into force on the twentieth day following this publication – i.e. 2 July 2014.

EBA: Discussion On A New Prudential Regime For Investment Firms

Date 04/11/2016

The European Banking Authority (EBA) launched today a consultation in response to the European Commission's call for technical advice on the design of a new prudential regime for investment firms, which is specifically tailored to the needs of investment firms’ different business models and inherent risks. The aim of this work is to develop a single, harmonised set of requirements that are reasonably simple, proportionate, and more relevant to the nature of investment business. The consultation runs until 2 February 2017.

Nigerian Stock Exchange Weekly Report For Week Ending 4 November 2016

Date 04/11/2016

A turnover of 873.838 million shares worth N8.024 billion in 15,944 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 678.710 million shares valued at N6.875 billion that exchanged hands last week in 11,808 deals.

EBA Seeks Views On New Prudential Regime For Investment Firms

Date 04/11/2016

The European Banking Authority (EBA) launched today a consultation in response to the European Commission's call for technical advice on the design of a new prudential regime for investment firms, which is specifically tailored to the needs of investment firms' different business models and inherent risks. The aim of this work is to develop a single, harmonised set of requirements that are reasonably simple, proportionate, and more relevant to the nature of investment business. The consultation runs until 2 February 2017.

Statement Of Dissent By CFTC Commissioner J. Christopher Giancarlo Regarding Supplemental Notice Of Proposed Rulemaking On Regulation Automated Trading, November 4, 2016

Date 04/11/2016

Introduction

I have previously said that proposed Regulation Automated Trading (Reg. AT) is a well-meaning attempt by the Commodity Futures Trading Commission (CFTC or Commission) to catch up to the digital revolution in U.S. futures markets. However, I have also raised some concerns ranging from the prescriptive compliance burdens to the disproportionate impact on small market participants to the regulatory inconsistencies of the proposed rule. I have also warned that any public good achieved by the rule is undone by the now notorious source code repository requirement. Not surprisingly, dozens of commenters to the proposal echoed my concerns and vehemently opposed the source code requirement.

EBA Issues Recommendations On The Implementation Of New Counterparty And Market Risk Frameworks

Date 04/11/2016

The European Banking Authority (EBA) published today a Report in response to two calls for advice to assist the European Commission in the adoption into European legislation of two new international frameworks proposed by the Basel Committee on Banking Supervision (BCBS): (i) a new standardised framework for counterparty risk (CCR), i.e. the so-called SA-CCR, and (ii) a new market risk (MKR) framework - the so-called fundamental review of the trading book (FRTB). In the Report, the EBA focuses on the envisaged impact of these two frameworks, for both large and small firms, and issues recommendations on their implementation.

Nasdaq Welcomes Smart Sand, Inc. (Nasdaq: SND) To The Nasdaq Stock Market

Date 04/11/2016

Smart Sand, Inc. (Nasdaq:SND), a pure-play, low-cost producer of high-quality Northern White raw frac sand, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

TOM MTF Statistics Week 44, 2016

Date 04/11/2016

Click here to download the weekly statistics update of TOM MTF for week 44, 2016.

CFTC Approves Supplemental Proposal To Automated Trading Regulation

Date 04/11/2016

The U.S. Commodity Futures Trading Commission (Commission) today approved a supplemental proposal to Automated Trading Regulation (RegAT) at an Open Commission meeting. The vote was 2-1, with Commissioner J. Christopher Giancarlo voting against the proposal.