News Centre

SIX Becomes First Exchange Operator To Offer Pan-European On-Exchange RFQ Trading For ETFs

Date 19/12/2023

On December 4th 2023, SIX introduced a novel service extension to its Exchange Traded Funds (ETF) franchise, called Quote-on-Demand Europe (QOD Europe). In addition to over 1,700 tradable products listed at SIX Swiss Exchange, clients are now able to trade ETFs listed on other primary exchanges like the London Stock Exchange, Deutsche Boerse, Euronext, Nasdaq OMX and Wiener Boerse and more via ETF QOD Europe. This innovative trading service offers efficient straight-through processing using the interoperable Central Counterparty (CCP) model with settlement into domestic Central Security Depositories (CSDs). Complementary to the established multilateral open order-book, the range of tradable ETFs reaches to almost 6,000 products tradable at SIX Swiss Exchange.

Israel Based Phoenix Leverages Broadridge's Order Management System To Drive International Institutional Trading Expansion, Institutional Clients Benefit From Direct Market Access To The Tel Aviv Stock Exchange

Date 19/12/2023

Phoenix Investment House, the capital market, brokerage, and fund management arm of Phoenix Holdings, a leading Israel-based insurance, asset management, and financials group (TASE: PHOE) (“Phoenix”) has selected the Order Management System (OMS) of Global Fintech leader Broadridge (NYSE: BR) to drive expansion of international institutional trading on the Tel Aviv Stock Exchange (TASE).

smartixshares.com/de: BaFin Investigates Website Operator

Date 19/12/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Smart IX Shares and the services it is offering. According to information available to BaFin, the operators of the website offer consumers the possibility to open accounts for trading in financial instruments. The operators do not have the authorisation to do so.

BIS: Monetary Tightening, Inflation Drivers And Financial Stress

Date 19/12/2023

Summary

Focus

Since mid-2021, central banks have swiftly raised policy rates against the backdrop of a flare-up in inflation. Experience shows that rapid monetary tightening can usher in financial stress.

FINMA Publishes Report And Lessons Learned From The Credit Suisse Crisis

Date 19/12/2023

The Swiss Financial Market Supervisory Authority FINMA has today published its report on the Credit Suisse crisis. In this report, it analyses the development of Credit Suisse between 2008 and 2023 with regard to its strategy, business performance, management decisions, risk management and preparation for crises. It also examines FINMA’s supervisory work with the bank.

IOSCO Finalises Its Policy Recommendations For Decentralized Finance

Date 19/12/2023

IOSCO, the global standard setter for securities market regulators, has today published its Final Report with Policy Recommendations for Decentralized Finance (DeFi).

SEC Charges Tingo Mobile Founder, Three Companies With Massive Fraud And Obtains Emergency Relief - Businessman And His Three Companies Engaged In A Scheme To Inflate Revenues, Profits, And Cash Balances By Hundreds Of Millions Of Dollars

Date 19/12/2023

The Securities and Exchange Commission today announced that it obtained a temporary asset freeze, restraining order, and other emergency relief against Mmobuosi Odogwu Banye a/k/a Dozy Mmobuosi and three affiliated U.S. based entities of which he is the CEO in connection with an alleged multi-year scheme to inflate the financial performance metrics of his companies and key operating subsidiaries to defraud investors worldwide.

ACER Proposes Amendments To The Electricity Grid Connection Network Codes

Date 19/12/2023

Today, ACER has submitted to the European Commission its Recommendation on the amendments to the network codes on requirements for grid connection of generators (RfG Regulation) and on demand connection (DC Regulation).

ESMA Presents Methodology For Climate Risk Stress Testing And Analysis Of The Financial Impact Of Greenwashing Controversies

Date 19/12/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published two articles, one outlining an approach to modelling the impact of asset price shocks from adverse scenarios involving climate-related risks, the other exploring the use of ESG controversies for the purpose of monitoring greenwashing risk.

CME Group To Expand Gold, Silver And Copper Short-Term Options Expiries

Date 19/12/2023

CME Group, the world's leading derivatives marketplace, today announced that it will expand its suite of short-term metals options to include Tuesday and Thursday expiries for Gold, Silver, and Copper, pending regulatory review. With the addition of these new Weekly contracts, scheduled to begin trading on January 22, 2024, option expiries will now be available every day of the business week, Monday through Friday.