News Centre

ISDA - Transition To RFRs Review: Full Year 2022 And The Fourth Quarter Of 2022

Date 23/01/2023

The Transition to Risk-free Rates (RFRs) Review analyzes the trading volumes of over-the-counter (OTC) and exchange-traded interest rate derivatives (IRD) that reference selected alternative RFRs, including the Secured Overnight Financing Rate (SOFR), the Sterling Overnight Index Average, the Swiss Average Rate Overnight, the Tokyo Overnight Average Rate, the Euro Short-Term Rate and the Australian Overnight Index Average.

Remarks Of CFTC Chairman Rostin Behnam At The Commodity Markets Council 2023 State Of The Industry Conference, Fort Lauderdale, Florida

Date 23/01/2023

Introduction

Good afternoon and thanks to the Commodity Markets Council for hosting me and my fellow Commissioners.  Our full attendance highlights the importance of CMC’s focus on ensuring the optimal functioning of derivatives markets for the benefit of end-users.  Your ability to manage risk safely, predictably, and without undue burdens directly impacts the prices American consumers pay for everything from food, to energy, to airline tickets and automobiles.

Fee Rate Advisory #2 For Fiscal Year 2023

Date 23/01/2023

The Securities and Exchange Commission today announced that, starting on February 27, 2023, the fee rates applicable to most securities transactions will be set at $8.00 per million dollars. 

Matthias Zieschang And Tobias Vogel Elected As Chairmen Of The Exchange Councils Of The Frankfurt Stock Exchange And Eurex Deutschland

Date 23/01/2023

At their constituent meeting today, the Exchange Councils of the Frankfurt Stock Exchange (FWB) and Eurex Deutschland elected their Chairman and Deputy Chairman. Both Councils had been elected in rotation at the beginning of December 2022.

Remarks By US Secretary Of The Treasury Janet L. Yellen At Bilateral Meeting With The President Of Zambia Hakainde Hichilema

Date 23/01/2023

President Hichilema thank you for welcoming me to Lusaka today.

BIS: Signaling With Debt Currency Choice

Date 23/01/2023

Summary

Focus 

Many emerging market firms finance themselves with foreign currency debt. Yet foreign currencies, especially safe haven ones, appreciate against the local currency during downturns. This has been a recurring theme in emerging market crises. Corporate leverage and foreign currency borrowing, especially in US dollars, have increased in recent years, making the reasons for borrowing in foreign currency and associated risks important to understand.

FTT Returns From The Dead - Kaiko Research: Data Debrief

Date 23/01/2023

• Price Movements: BTC gained another 10% this week despite news that Genesis had filed for bankruptcy, with a reported $5bn in liabilities.
• Market Liquidity: Trade volume on the largest Asia-based exchanges fell to multi-year lows amid a tough regulatory environment in the region. 
• Derivatives: BTC open interest has dropped 25% as a short squeeze hits derivatives traders.
• Macro Trends: U.S. futures ETFs were more resilient than Canadian spot ETFs during the crypto winter.

Themis Successfully Closes Pre-Series A Funding Round

Date 23/01/2023

Award-winning digital financial crime platform Themis announces today that it has successfully overfunded in its latest Pre-Series A funding round, raising a total of £3.1m. This comes on the back of a successful seed round of £1.67m in 2021. The company is currently valued at £15.4m and is forecasting a robust growth as governments and regulators around the world crack down on AML failings and more and more companies recognise the importance of conducting comprehensive due diligence on their clients, suppliers and third parties. Themis reported a 57% growth in revenues in 2022 from the previous year.

Moscow Exchange Changes The Tick Size From The 1st Of February 2023

Date 23/01/2023

To increase the effectiveness of equity market microstructure, MOEX establishes the new tick size and Decimals parameter for the following stocks starting 1st February 2023 in the following trading modes:

Bloomberg To Pay $5 Million For Misleading Disclosures About Its Valuation Methodologies For Fixed Income Securities

Date 23/01/2023

The Securities and Exchange Commission today announced settled charges against Bloomberg Finance L.P. (Bloomberg) for misleading disclosures relating to its paid subscription service, BVAL, which provides daily price valuations for fixed-income securities to financial services entities.