News Centre

Hedge Fund Launches Surge To Begin 2024 As Industry Assets Rise To Record: HFR

Date 29/06/2024

• Liquidations steady over prior quarter;
• Fees for new hedge fund launches fall

Record Notional Value Of Shares Traded On The Nasdaq Closing Cross During The 2024 Russell US Indexes Reconstitution

Date 28/06/2024

• Nasdaq Closing Cross continues to play an integral and innovative role in capital markets
• Global growth in trading volumes demands increasingly scalable and flexible technology architecture

SIFMA, FSI File Federal Lawsuit Against DOL Fiduciary Rule

Date 28/06/2024

The Financial Services Institute (FSI) and Securities Industry and Financial Markets Association (SIFMA) joined a federal lawsuit today in the Northern District of Texas, seeking to strike down a recently finalized Department of Labor (DOL) rule that unlawfully expands the definition of a “fiduciary” and jeopardizes investors’ access to advice and education.

U.S. Department Of The Treasury, IRS Release Final Regulations Implementing Bipartisan Tax Reporting Requirements For Sales And Exchanges Of Digital Assets - Regulations Help Taxpayers File Accurate Returns And Pay Taxes Already Owed Under Current Law

Date 28/06/2024

As part of the Biden-Harris Administration’s implementation of the bipartisan Infrastructure Investment and Jobs Act (IIJA), the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) today released final regulations on the IIJA’s reporting requirements for brokers of digital assets, which align these requirements with longstanding reporting requirements for traditional financial services. Owners of digital assets have always owed tax on the sale or exchange of digital assets, and the IIJA did not change that or impose any new taxes on digital assets. It simply created reporting requirements, similar to those that already applied to traditional financial services, to help taxpayers file accurate returns and pay taxes owed under current law.

CFTC Commitments Of Traders Reports Update

Date 28/06/2024

The current reports for the week of June 25, 2024 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data.

Financial Action Task Force Holds Plenary In Singapore, Advances Key Illicit Finance Initiatives

Date 28/06/2024

Today, the Financial Action Task Force (FATF), the global standard-setting body for anti-money laundering and countering the financing of terrorism and proliferation (AML/CFT/CPF), concluded its sixth and final Plenary under the Singaporean Presidency. During the Plenary, the FATF took several key actions, including adopting the Mutual Evaluation Reports (MERs) for India and Kuwait, agreeing to publish a report on non-financial gatekeeper facilitation of corruption, and discussing the priorities of the incoming Mexican FATF Presidency.

Statement Of CFTC Commissioner Caroline D. Pham On SEC v. Jarkesy

Date 28/06/2024

Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham released the following statement on the U.S. Supreme Court decision in SEC v. Jarkesy: 

MIAX Options, MIAX Pearl Options And MIAX Emerald Options Exchanges - July 1, 2024 Fee Update

Date 28/06/2024

Effective July 1, 2024, pending filing with the SEC, MIAX Options will extend certain incentive programs and MIAX Options, MIAX Pearl Options, and MIAX Emerald Options will amend routing fees as follows:

CISA Misses Mark On Proposed Cyber Incident Reporting Rule - ABA, BPI, IIB And SIFMA Comment On Shortfalls Of CIRCIA Proposal

Date 28/06/2024

The American Bankers Association, Bank Policy Institute, Institute of International Bankers and the Securities Industry and Financial Markets Association raised serious concerns today in a letter to the Cybersecurity & Infrastructure Security Agency on its plan to implement new cyber incident reporting laws. The proposed rule would require victims of cyber incidents, like a data breach or other attack, to report to CISA within 72 hours of determining that an incident has occurred.

Nigerian Exchange Weekly Market Report For The Week Ended 28 June 2024

Date 28/06/2024

A total turnover of 2.651 billion shares worth N49.976 billion in 41,610 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.301 billion shares valued at N53.157 billion that exchanged hands last week in 27,536 deals.