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Federal Reserve Governor Lael Brainard, At The Policy Makers' Panel On Financial Intermediation: Complexities And Risks For "The Future Of Financial Intermediation: Banking, Securities Markets, Or Something New?" Salzburg Global Forum On Finance In A Changing World, Salzburg, Austria, Recent Changes In The Resilience Of Market Liquidity, July 1, 2015

Date 01/07/2015

Recent events and commentary raise concerns about a possible deterioration in liquidity at times of market stress, particularly in fixed income markets.1 These concerns are highlighted by several episodes of unusually large intraday price movements that are difficult to ascribe to any particular news event, which suggest a deterioration in the resilience of market liquidity. For example, on the morning of October 15, 2014, 10-year U.S. Treasury yields gyrated wildly, and the intraday movement in Treasury prices was 6 standard deviations above the mean. In addition, after 4 p.m. on March 18 EDT of this year, a meeting day for the Federal Open Market Committee, the U.S. dollar depreciated against the euro by 1.75 percent in less than three minutes, an unusually large drop in such a short interval. A few weeks later, markets experienced some very large intraday movements in the price of German bunds during times of little market news.

Markit Completes Acquisition Of Information Mosaic

Date 01/07/2015

Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced the completion of its acquisition of Information Mosaic, a leading software provider for corporate actions and post trade securities processing.

European Financial Stability Facility Takes Note Of Greece’s Non-Payment To IMF

Date 01/07/2015

The European Financial Stability Facility (EFSF) takes note of a public statement of the International Monetary Fund (IMF) that a Greek non-payment has occurred. It is the EFSF’s understanding that the IMF Managing Director has informed the IMF Executive Board. This will be confirmed by a meeting of the Executive Board, expected later today. For the EFSF, this would constitute an event of default for certain EFSF loans.

Nasdaq OMX Nordic Trading Statistics June 2015

Date 01/07/2015

Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic1 and Baltic2 markets. Below follows a summary of the statistics for June 2015:

The share trading increased by 29.6% to a daily average of 2.917bn EUR, compared to 2.251bn EUR in June 2014. Compared to the previous month, May 2015, the daily average decreased by 10.3 %.

• Derivatives trading increased by 13.8% to a daily average of 453,297 contracts, compared with 398,375 contracts in June 2014.
• ETF trading3 (Exchange Traded Funds) increased by 8.8% to a daily average of 50.7m EUR compared to 46.6m EUR in June 2014.

ESMA Issues Q&A On Anti-Money Laundering And Investment-Based Crowdfunding Platforms

Date 01/07/2015

The European Securities and Markets Authority (ESMA) has issued today Questions and Answers (Q&A) in order to promote the sound, effective and consistent application of rules on anti-money laundering and terrorist financing to investment-based crowdfunding platforms. The Q&A aims to promote common supervisory approaches and practices in the application of anti-money laundering rules to investment-based crowdfunding. It provides responses to questions posed by national competent authorities in the course of ESMA’s work on investment-based crowdfunding, drawing on expert input from the Joint Committee sub-committee on Anti-Money Laundering.

LME Consults On New Warehouse Reforms

Date 01/07/2015

The London Metal Exchange (LME) is today launching a market-wide consultation on two new proposals regarding the final elements of the 12-item warehouse reforms programme initiated in November 2013. 

ESMA Issues Opinion On The Equivalence Of The Israeli Prospectus Regime

Date 01/07/2015

The European Securities and Markets Authority (ESMA) publishes an Opinion on the equivalence of the Israeli prospectus regime. 

Greek Prime Minister Tsipras Offers Conditional Okay To Bailout

Date 01/07/2015

Greek Prime Minister Alexis Tsipras has written to international creditors accepting creditors' proposals published on June 28 if several conditions were changed.

ESMA Publishes Draft RTS On Prospectus Related Issues Under The Omnibus II Directive

Date 01/07/2015

The European Securities and Markets Authority (ESMA) publishes the Final Report and Draft RTS on prospectus related issues under the Omnibus II Directive.

Amman Stock Exchange: The ASE Index Quarterly Review

Date 01/07/2015

Mr. Nader Azar the CEO of the Amman Stock Exchange (ASE) said that the ASE has conducted its periodic quarterly review of the ASE index constituents in purpose of ensuring that the ASE General Price Index reflects the market performance and the trading activity of the listed companies. By this rebalancing, the activity of listed companies in regard to trading during the last quarter has been reviewed. After that, the ASE has conducted its screening process for all listed companies using the full market capitalization of the companies and the number of trading days during last quarter. It is worth mentioning that the criteria adopted by the ASE are similar to the international practices applied in this field. These criteria are applied in a number of leading international index providers such as the S&P Dow Jones.