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Statement At Open Meeting Regarding The Consolidated Audit Trail NMS Plan, SEC Commissioner Michael S. Piwowar, Nov. 15, 2016

Date 15/11/2016

Thank you, Chair White.  Let me join my colleagues in acknowledging the exemplary dedication of the Commission staff on this project. 

ISDA Announces New Head Of Non-cleared Margin Initiative

Date 15/11/2016

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the appointment of Tara Kruse as head of ISDA’s margin for non-cleared derivatives implementation effort. She replaces Mary Johannes, who is leaving the Association to pursue other interests.

ISDA Announces New Head Of Non-cleared Margin Initiative

Date 15/11/2016

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the appointment of Tara Kruse as head of ISDA’s margin for non-cleared derivatives implementation effort. She replaces Mary Johannes, who is leaving the Association to pursue other interests.

BSX CEO Comments ILS Bermuda Convergence 2016

Date 15/11/2016

In a press release issued by ILS Bermuda, Bermuda Stock Exchange CEO Greg Wojciechowski, comments on the ILS Bermuda Convergence 2016 and the ILS Industry.  

Irish Stock Exchange: Global Exchange Market Reaches New Milestone Of Over 10K Debt Listings

Date 15/11/2016

The Global Exchange Market (GEM) of the Irish Stock Exchange (ISE) has reached a significant milestone, with over 10,000 debt securities listed from more than 50 countries, including 2,800 new listings so far in 2016.

Federal Reserve Vice Chairman Stanley Fischer: At "Do We Have A Liquidity Problem Post-Crisis?", A Conference Sponsored By The Initiative On Business And Public Policy At The Brookings Institution, Washington, D.C., November 15, 2016, Is There A Liquidity Problem Post-Crisis?

Date 15/11/2016

Watch live: https://www.brookings.edu/events/do-we-have-a-liquidity-problem-post-crisis/ 

Market liquidity is the ability to rapidly execute sizable securities transactions at a low cost and with a limited price impact. The high degree of liquidity in U.S. capital markets historically has contributed to the efficient allocation of capital through lower costs and a mix of bank- and market-based finance that supports the flexibility of these markets. Regulatory changes may have altered financial institutions' incentive to provide liquidity, raising concerns brought into sharp relief by several "flash events" over the past few years. At the same time, any changes in observed liquidity are also likely accompanied by other related changes--such as in technology--and a more complete assessment of these shifts is important when we think about the effects on liquidity of changes in financial regulations that were induced by the global financial crisis.

SEC Announces Agenda And Panelists For The 35th Annual Small Business Forum

Date 15/11/2016

The Securities and Exchange Commission today announced the agenda and panelists for the 35th Annual Government-Business Forum on Small Business Capital Formation.

DMS Investment Management Services Ltd. Onboards ABR Dynamic Funds, LLC To UCITS V Platform

Date 15/11/2016

DMS Governance Ltd. (DMS), the world's leading fund governance firm, together with ABR Dynamic Funds, LLC (ABR) have announced the launch of the ABR Dynamic Blend Equity and Volatility Fund hosted on the DMS UCITS Corrib ICAV platform.  The ABR UCITS seeks to provide investors with participation in an equity bull market while also potentially providing positive absolute returns in an extended period of market crisis. 

Instinet Completes U.S. Equity Research Integration To Its Agency Execution Platform - Boutique Strategy Is Designed To Anticipate The Move Toward Unbundling

Date 15/11/2016

Instinet, LLC yesterday announced that it successfully integrated U.S. Equity Research and Research Sales into its market-leading cash equities platform, creating a multi-sector boutique research offering. Instinet initially announced its intent to offer U.S. equity research and U.S. research sales services in June of 2016.

Gunvor Closes US $725 Million Borrowing Base To Support ARA Refining Operations

Date 15/11/2016

Gunvor SA and Gunvor Belgium N.V., both subsidiaries of Gunvor Group, have closed a US $725 million borrowing base facility ("Facility"), which will provide working capital for Gunvor's refining activities in the Amsterdam-Rotterdam-Antwerp (ARA) region. The Facility was launched at US $700 million and was oversubscribed at US $805 million, before being scaled back to US $725 million.