News Centre

MIAX Options - Introducing MIAX Member Firm Portal: Monday, October 31, 2016

Date 27/10/2016

The MIAX Options Exchange is pleased to announce the introduction of the Member Firm Portal (MFP), generally available beginning Monday, October 31, 2016.   The MFP is an internet-facing portal application which will provide self-service functions to member firms.   Available day-one will be the ability to correct same-side clearing details and perform trade queries.  Requests for price or size changes and trade adjustments or busts will continue to be submitted to MIAX Regulatory and performed by Trading Operations for processing.  Additional features will be added to the MFP over time and announced via trader alert as they become available.  

IMF Executive Board Approves Modifications To The Method Of Collecting Exchange Rates For The Calculation Of The Value Of The SDR

Date 27/10/2016

The Executive Board of the International Monetary Fund (IMF) approved on October 26, 2016 technical modifications to the methods for collecting the exchange rates used in the daily valuation of the SDR [see Board paper]. The Board decision was taken on a lapse-of-time basis. 

Federal Reserve Board Announces Annual Indexing Of Reserve Requirement Exemption Amount And Of Low Reserve Tranche For 2017

Date 27/10/2016

The Federal Reserve Board on Thursday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions. These amounts are the reserve requirement exemption amount and the low reserve tranche.

ACER: Implementation Of Network Code On Capacity Allocation Mechanisms Well On Track, But Not Yet Completed

Date 27/10/2016

One year after the application date of the Network Code on Capacity Allocation Mechanisms (NC CAM), the Agency publishes today an Implementation Monitoring Report in which it presents the achievements as well as shortcomings and delays in the implementation process of the NC CAM. The Agency urges Transmission System Operators (TSOs) and National Regulatory Authorities (NRAs) to promptly implement all the remaining provisions of the EU legislation, giving priority to capacity bundling, virtual interconnection points and capacity maximisation.

ESMA Issues MiFIR Reporting Instructions

Date 27/10/2016

The European Securities and Markets Authority (ESMA) has issued detailed reporting introductions and XML schemas under its Financial Instruments Reference Data System (FIRDS). FIRDS covers the Markets in Financial Instruments Regulation (MiFIR) and the Market Abuse (MAR) requirements for reference data collection and publication, collection and processing of additional data to support the MiFIR transparency regime and suspensions's coordination.

EEX Launches Physical Fulfilment For Swiss Week And Month Power Futures On 28 November

Date 27/10/2016

As of 28th November 2016, the European Energy Exchange (EEX) will offer physical fulfilment for Swiss Week and Month Power Futures in cooperation with EPEX SPOT. With this step, EEX extends its current offering for physical fulfilment for German and French Power

SCOTEX - Closer To The Capital

Date 27/10/2016

On the 30th anniversary of Big Bang in 1986, the radical change in trading systems and capital markets deregulaton that powered London to trading dominance for the next 30 years, SCOTEX – the planned new stock exchange for Scotland – announces:

1) Big Bang 2: a radical new UK equities post-trade framework using a distributed ledger. The new system is called STARS: Secure Transaction Affirmation and Reporting System. The system will mean:

• Trades will settle almost immediately with no need for post-trade clearing.
• Trading will be much cheaper for everyone as users will be charged a low fee to access a ledger rather than being charged per transaction in a captive system.
• Sellers and their brokers will get their money almost instantly and no later than 15 minutes after a trade.
• Collateral holders do not need to post collateral so it is freed up to use elsewhere.

Fidessa's Buy-Side Community Gathers In New York To Examine Key Industry Issues

Date 27/10/2016

Fidessa group plc (LSE: FDSA) recently held its second annual buy-side client conference which brought together 70 senior executives from global asset management firms. Themed "Invested in the Future" the conference provided attendees with an opportunity to examine topics ranging from unbundling to block trading, and automation to post-trade.

BGC Partners Reports Third Quarter 2016 Financial Results

Date 27/10/2016

• BGC Declares Quarterly Dividend
• Conference Call to Discuss Results Scheduled for 10:00 AM ET Today

Wall Street Horizon Welcomes Jeff Parker, Former Thomson Financial Chairman And CEO, As An Investor And Advisory Board Member

Date 27/10/2016

Wall Street Horizon, a provider of accurate and timely corporate event dates and information for institutional investors and traders, today announced that Jeff Parker has joined the firm as an investor and Advisory Board member.