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CFTC Chairman Behnam To Participate In A Fireside Chat At NASAA Annual Spring Meeting | Public Policy Symposium

Date 04/05/2022

Intercontinental Exchange Enters Into Definitive Agreement To Acquire Black Knight - Adding Black Knight’s Integrated Solutions Significantly Strengthens ICE’s Mortgage Technology Ecosystem; Extends Track Record Of Digitizing Vital Networks

Date 04/05/2022

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced it has entered into a definitive agreement to acquire Black Knight, Inc. (NYSE: BKI), a software, data and analytics company that serves the housing finance continuum, including real estate data, mortgage lending and servicing, as well as the secondary markets. The cash and stock transaction values Black Knight at $85 per share, or a market value of $13.1 billion, and builds on ICE’s position as a provider of end-to-end electronic workflow solutions for the rapidly evolving U.S. residential mortgage industry.

TMX Group Consolidated Trading Statistics – April 2022

Date 04/05/2022

TMX Group Limited today announced April 2022 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange and Montréal Exchange.

CFTC Chairman Behnam To Participate In A Conversation At The 2022 FINRA Annual Conference

Date 04/05/2022

CME Group Inc. Announces Preliminary Results From Its 2022 Annual Meeting Of Shareholders

Date 04/05/2022

CME Group Inc. (NASDAQ: CME) today announced the preliminary shareholder voting results from its 2022 annual meeting. 

MIAX Options Exchange - Introducing Support For Complex Stock Tied Orders Up To 4 Decimal Places Beginning May 9, 2022

Date 04/05/2022

As previously announced in the November 11, 2021 Alert, the MIAX Options Exchange will introduce support for Complex Stock Tied Orders (including cQCC Orders submitted with the stock component) with a net price of up to 4 decimal places.  Firms are encouraged to ensure conformance to the MIAX Options’ market data specifications existing support of prices to 4 decimal places. Complex Customer Cross (“cC2C”) Orders, Complex Orders without Stock and Simple Orders will continue to support prices of up to 2 decimal places.

Plans For Reducing The Size Of The Federal Reserve's Balance Sheet

Date 04/05/2022

Consistent with the Principles for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in January 2022, all Committee participants agreed to the following plans for significantly reducing the Federal Reserve's securities holdings.

Nodal Exchange Achieves Records In Power And Environmental Futures

Date 04/05/2022

Nodal Exchange today announced new records in power and environmental futures.  In power, Nodal set a calendar month record for April with traded power futures volume of 244 million MWh, up 13.5% from 215 million MWh in April 2021. Nodal continues to be the market leader in North American power futures having the majority of the open interest at the end of April with a record 1.213 billion MWh representing $174 Billion of notional value based on both sides.

Federal Reserve Issues FOMC Statement

Date 04/05/2022

Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. Job gains have been robust in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.

BIS: Big Techs, QR Code Payments And Financial Inclusion

Date 04/05/2022

Summary

Focus

Information asymmetries between small firms and credit intermediaries can reduce financing of good investment opportunities and keep promising entrepreneurial projects from being developed. To help solve this problem, small enterprises can post collateral, rely on credit history or build close and long-term relationships with specific lenders. Big data and machine learning, however, have provided a new solution, allowing large technology firms ("big techs") to use credit scoring techniques to provide lending to clients operating in their business platforms.