News Centre

ESMA Publishes Discussion Paper On UCITS Share Classes

Date 06/04/2016

The European Securities and Markets Authority (ESMA) has today published a discussion paper on UCITS share classes (the DP).

BM&FBOVESPA Investment In Latin American Exchanges - Purchase Of Stake In Bolsa Mexicana De Valores

Date 06/04/2016

Bolsa de Valores, Mercadorias e Futuros (“BM&FBOVESPA”) informs that reached an equity stake of approximately 4.1% in Bolsa Mexicana de Valores, S.A.B. de C.V., Mexico, in an investment of 640 million Mexican pesos (approximately R$136 million).

Tradeweb Data Points: Government Bonds Update - March 2016

Date 06/04/2016

Key information:

• Almost two weeks after the U.S. central bank cut its GDP growth forecast for 2016 from 2.4% to 2.2%, Federal Reserve Chair Janet Yellen said on March 29 that the central bank must "proceed cautiously" in lifting interest rates.
• The ECB announced a new stimulus package for the European economy, including deeper interest rate cuts, a new series of longer-term financing operations and the expansion of the asset purchase programme to include non-bank corporate bonds.
• Japan became the second country after Switzerland to issue 10-year benchmark bonds at a negative interest rate.

Minutes Of The Federal Open Market Committee, March 15-16, 2016

Date 06/04/2016

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 15-16, 2016.

MIAX Options Exchange: MIAX 2016 Disaster Recovery Data Center Test Plan

Date 06/04/2016

MIAX will be participating in the annual SIFMA BCP test expected to take place in October 2016.

EBA Consults On Draft Amending Standards On CVA Proxy Spread

Date 06/04/2016

The European Banking Authority (EBA) launched today a public consultation on draft amending Regulatory Technical Standards (RTS) on credit valuation adjustment (CVA) proxy spread. These RTS propose limited amendments to Commission's Delegated Regulation (EU) No 526/2014 based on two policy recommendations contained in the EBA's CVA report published on 25 February 2015. Through the proposed amendments the EBA expects to ensure a more adequate calculation of own funds requirements for CVA risk. The consultation runs until 06 July 2016.

Moscow Exchange: Risk Parameters Change For Non-Principal Futures On April 6, 2016

Date 06/04/2016

According to Item 8 of the Principal and Non-principal Futures Listing Methodology (approved by the NCC Management Board on May, 29 2014), Xi parameters for non-principal futures were changed on April 06, 2016 at 7 p.m. (MSK).

Tradeweb Data Points: European Credit Update - March 2016

Date 06/04/2016

• Euro-based investment-grade corporate bond sales reached a record €30.6 billion following the ECB's announcement of a new stimulus package on March 10.
• The 24th version of Europe’s investment grade benchmark closed at 68 bps on March 11, its tightest closing spread since September’s index roll.
• The British steel industry suffered a blow on March 30 when Tata Steel revealed it was planning to sell its UK factories, citing high manufacturing costs, competition from China and a global oversupply as reasons.

European Parliament - Benchmarks: Restoring Confidence In The Financial Markets

Date 06/04/2016

Benchmarks are widely used to track market developments. As many financial transactions are linked to them, they can determine who benefits from investing in a particular financial product. However, financial scandals involving benchmarks such as Libor and Eurobibor have shown that they are susceptible to manipulation.On 7 April the economic affairs committee votes on new rules to ensure the full transparency of all benchmarks used in the EU.

ESMA Updates Its Q&A Document On Prospectus Related Issues

Date 06/04/2016

The European Securities and Markets Authority (ESMA) has updated its Questions and Answers document (Q&A) on prospectus related issues.