News Centre

BOX Options Market: Separate SAIL Order Entry Gateways – Reminder

Date 12/07/2022

BOX Options Market LLC (“BOX”) recently distributed IC-2022-14 which detailed the upcoming launch of separate SAIL Order Entry Gateways for each Trading Slice.

Statement On Decision In Jury Trial Of Dean McDermott And McDermott Investment Advisors, Gurbir S. Grewal, SEC Director, Division Of Enforcement

Date 12/07/2022

After a six-day trial, a jury serving in the United States District Court for the Eastern District of Pennsylvania ruled in favor of the SEC against Dean McDermott and his investment advisory firm, McDermott Investment Advisors, LLC, for breaching fiduciary duties owed to their advisory clients in connection with the selection of unit investment trusts (UIT). In violation of their fiduciary duties, the defendants selected a version of UIT that carried significant transactional sales charges when another version of the same UIT was equally available without those costs. 

Nasdaq Announces End-Of-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date June 30, 2022

Date 12/07/2022

At the end of the settlement date of June 30, 2022, short interest in 3,432 Nasdaq Global Market^SM securities totaled 10,675,154,725 shares compared with 10,650,038,311 shares in 3,411 Global Market issues reported for the prior settlement date of June 15, 2022. The end-of-June short interest represents 2.44 days compared with 2.92 days for the prior reporting period.

MIAX Options Exchange - Additional System Enhancements Activation

Date 12/07/2022

In addition to the system enhancements previously announced in the July 7, 2022 Alert, the following enhancements will be available beginning July 13, 2022:

US Department Of Justice: Two Financial Asset Managers Charged In Alleged $1.2 Billion Venezuelan Money Laundering Scheme

Date 12/07/2022

Two financial asset managers have been charged with money laundering as part of a $1.2 billion international scheme to launder funds corruptly obtained from Venezuela’s state-owned and state-controlled energy company, Petróleos de Venezuela S.A. (PDVSA).

US Treasury Releases Request For Comment On Risks And Opportunities Presented By Digital Assets

Date 12/07/2022

The U.S. Department of the Treasury released a notice seeking public comment regarding potential opportunities and risks presented by developments and adoption of digital assets as part of its work under Section 5 of President Joe Biden’s digital assets Executive Order. Section 5 of Executive Order 14067, “Ensuring Responsible Development of Digital Assets,” directs Treasury, in consultation with the Secretary of Labor and other relevant agencies, to report to the President on the implications of development and adoption of digital assets and changes in financial market and payment infrastructures for United States consumers, investors, businesses.

Management Business Pressures Fuel Boom In Outsourced Trading Industry

Date 12/07/2022

Facing economic pressures and increasingly complex markets, growing numbers of investment managers in the U.S. are open to the idea of outsourcing some or even all of their trading functions. Amid this mounting demand, the number of providers offering outsourced trading services has increased more than fourfold in less than five years.

SIX Swiss Stock Exchange: Index Adjustments On The Occasion Of The Ordinary Index Review

Date 12/07/2022

SIX has decided to make changes to the index baskets on the basis of a recommendation from the Index Commission and in compliance with the SMI®, SLI®, SPI® and SXI® index rules. The indices will be adjusted on 16 September 2022 after closing. The adjustment takes effect on 19 September 2022.

BIS: Basel Committee Finds European Union Largely Compliant With Its Net Stable Funding Ratio And Large Exposures Framework Global Standards

Date 12/07/2022

• Basel Committee publishes assessment reports on the implementation of the Net Stable Funding Ratio and large exposures framework in the European Union.
• Assessments find European regulations largely compliant with the Basel Committee's global standards. 
• These publications form part of the Committee's Regulatory Consistency Assessment Programme.

Deutsche Börse Group: Business Indicators For June 2022

Date 12/07/2022

A summary of Deutsche Börse Group's business indicators for June 2022 is now available on the Deutsche Boerse website: