News Centre

Corporate Bond Liquidity Healthy By Most Measures: FINRA Research - Analysis Of TRACE Data Also Finds Potentially Significant Changes In Market Structure

Date 10/12/2015

The Financial Industry Regulatory Authority (FINRA) today issued new research that provides a deep and focused look at the state of liquidity in the U.S. corporate-bond market. Analyzing all TRACE transactions from 2003 to September 2015, the research found:

• Most measures indicate a healthy market. New bond issuance is at a record level, transaction volumes have continued to grow, and the number of trades is rising. The cost of trading corporate bonds has been decreasing, as indicated by narrower bid-ask spreads and falling price impact to block trades.
• However, several measures offer evidence of potentially significant changes in how the market is working, including smaller average trade size and a declining proportion of bonds traded in blocks of $5 million or more. These trends are consistent with a market that has a larger number of issues, more electronic trading and a growing network of counterparties.

BATS ETF Marketplace Welcomes New Elkhorn ETF - New Issuer To BATS Lists ELKU, Which Began Trading Today

Date 10/12/2015

BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed a new issuer, Elkhorn Investments, to its U.S. market with the listing of the Elkhorn FTSE RAFI U.S. Equity Income ETF (BATS: ELKU).

Steven Maijoor, Chair, European Securities And Markets Authority (ESMA) Delivers Keynote At L'Agefi Regulation Financiere 2015 On CMU And Bond Markets

Date 10/12/2015

Steven Maijoor, ESMA Chair, delivered the keynote speech at L'Agefi's Regulation Financiere 2015 event on bond market transparency and Capital Markets Union.

Newly Elected Member To The FESE Board

Date 10/12/2015

The FESE General Assembly during its meeting in Brussels today unanimously agreed the appointment of Mr Marios A. Pilavakis, Chairman of the Board of Directors (Council) of the Cyprus Stock Exchange (CSE) as Member of the Board for a term of three years.

BATS Welcomes iShares FactorSelect MSCI Emerging ETF - New ETF Began Trading Today On The BATS ETF Marketplace

Date 10/12/2015

BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed the iShares FactorSelect MSCI Emerging ETF (BATS: EMGF), which began trading today on The BATS ETF Marketplace.

EBA Appoints Its Alternate Chairperson And Management Board Members

Date 10/12/2015

The Board of Supervisors of the European Banking Authority (EBA) has elected its Alternate Chairperson and members to its Management Board. 

US Banking Agencies' Statement Regarding The Basel Committee's Second Consultative Paper, "Revisions To The Standardized Approach For Credit Risk"

Date 10/12/2015

The Basel Committee on Banking Supervision (BCBS) today published a consultative paper, "Revisions to the Standardized Approach for credit risk," which is the committee's second consultative paper on the topic.  These proposed revisions would apply primarily to large, internationally active banking organizations and not to community banking organizations.

SEC Suspends Public Accountants For Bad Auditing

Date 10/12/2015

The Securities and Exchange Commission today suspended five accountants and two audit firms from practicing or appearing before the SEC after they violated key rules that are designed to preserve the integrity of the financial reporting system.

Tel Aviv Stock Exchange Trading Summary: December 6-10, 2015

Date 10/12/2015

• Trading on the Tel Aviv Stock Exchange in the second trading week of December was marked by declines in prices in all leading share indices; 
• The Israeli pharmaceutical giant company "Teva", whose shares are traded on both the TASE and on the NASDAQ, raised US$ 6.75 billion in a share offering in the US; 
• Further offerings in the bond market -  the foreign real estate company "Urbancorp" made an initial bond offering on the TASE 

Miami International Holdings Announces Plans To Launch A Price-Time Options Exchange In 2016

Date 10/12/2015

Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX Options Exchange (MIAX®), MIAX Global, LLC and Miami International Technologies, LLC, today announced its plans to launch a second U.S. options exchange. The new exchange will leverage MIAX's industry leading technology and infrastructure to employ a price-time allocation model, and will enable MIH to compete for a segment of order flow that does not trade on the pro-rata market that MIAX currently operates. MIH anticipates launching its new price-time exchange in the third quarter of 2016, pending SEC approval.