News Centre

ISDA SwapsInfo First Half Of 2023 And The Second Quarter Of 2023 Review: Summary

Date 31/07/2023

The latest ISDA SwapsInfo Quarterly Review shows that interest rate derivatives (IRD) traded notional and trade count increased in the first half of 2023 compared to the first half of 2022, while index credit derivatives trading activity declined over the same period. This summary provides a high-level overview of key trends for the first half of 2023 and second quarter of 2023. The full report will be published in due course.

Large Swedish Banks Show Resilience In EU Stress Test

Date 31/07/2023

The five largest Swedish banks are resilient and have the ability to withstand a sharp deterioration in market conditions, based on the stress test conducted by the European Banking Authority (EBA).

SEC Charges Hex Founder Richard Heart With Misappropriating Millions Of Dollars Of Investor Funds From Unregistered Crypto Asset Securities Offerings That Raised More Than $1 Billion

Date 31/07/2023

The Securities and Exchange Commission today charged Richard Heart (aka Richard Schueler) and three unincorporated entities that he controls, Hex, PulseChain, and PulseX, with conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto assets from investors. The SEC also charged Heart and PulseChain with fraud for misappropriating at least $12 million of offering proceeds to purchase luxury goods including sports cars, watches, and a 555-carat black diamond known as ‘The Enigma’ – reportedly the largest black diamond in the world.

MNI Chicago Business Barometer™ July 2023 - Rises To 42.8 in July - July Chicago Report™ Driven Higher As New Orders Stabilize

Date 31/07/2023

• The Chicago Business Barometer™, produced with MNI, ticked up by 1.3 points to 42.8 in July, the second consecutive monthly increase. However, with the exception of Prices Paid, all of the sub-indices remain in contractive territory (sub-50). 
• New Orders, Production and Order Backlogs all moved higher in July while Employment and Supplier Deliveries deteriorated further in contractive territory. 

Bank Of England: Results Of The Semi-Annual FX Turnover Surveys In April 2023

Date 31/07/2023

In April 2023, 27 financial institutions active in the UK foreign exchange market participated in the semi-annual turnover survey for the Foreign Exchange Joint Standing Committee (FXJSC). The survey results are summarised below. Detailed tables for the April 2023 reporting period are available separately.

ICE Expands Fixed Income Liquidity Offering With Relaunch Of Enhanced Sweeps Protocol For Corporate Bonds - Conducts Multiple Auctions Per Week

Date 31/07/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced the relaunch of ICE Risk Matching Auction (RMA), an enhanced sweeps session-based protocol for dealer-to-dealer fixed income trading. ICE RMA, which was initially launched in 2015, is part of the ICE Bonds’ suite of trading protocols, and now conducts multiple auctions each week, with 50 registered firms and over 400 users with access to the protocol.

HKEX: Report On Initial Public Offering Applications, Delisting And Suspensions (As At 31 July 2023)

Date 31/07/2023

This report is updated on the last trading day of each month.

US$0.5bn Inflows At The Half Year Mark | CoinShares Fund Flows Report

Date 31/07/2023

• 93% of the outflows were from long-Bitcoin investment products, while short-Bitcoin saw its 14th consecutive week of outflows totalling US$3.1m.
• This suggests investors have been taking profits in recent weeks, with the sentiment for the asset overall remaining supportive.
• Investors are favouring altcoins (less Ethereum), with inflows last week totalling US$3m, and for the last 8 weeks seeing inflows totalling US$19m.

Simmons & Simmons Joins FIA Tech’s Databank Network As A Law Firm Partner - FIA Tech And Simmon & Simmons Partner To Incorporate Trading Venue Reviewer (TVR) Into Contract Specifications Offering

Date 31/07/2023

FIA Tech, a leading technology provider to the exchange-traded derivatives industry, announced today that international law firm Simmons & Simmons will be joining the Databank Network as a law firm partner. FIA Tech will incorporate Simmons & Simmons’ Trading Venue Reviewer (TVR) data within FIA Tech’s Contract Specifications user interface.

UK Financial Conduct Authority Sets Out 14-Point Action Plan On Cash Savings

Date 31/07/2023

The FCA has today set out a 14-point action plan to ensure banks and building societies are passing on interest rate rises to savers appropriately, that they’re communicating with customers much more effectively and offering them better savings rate deals.