News Centre

Euronext And JA Europe Expand The Blue Economy Challenge To Reach More Young Entrepreneurs

Date 03/11/2021

• Two new countries are added to the pan-European entrepreneurship programme for this academic year   

Deutsche Börse Welcomes Decision To Locate New International Sustainability Standards Board In Frankfurt

Date 03/11/2021

Today the International Financial Reporting Standards (IFRS) Foundation announced the creation of a new standard-setting board to deliver a comprehensive global baseline of sustainability-related disclosure standards. Going forward, these standards are meant to provide investors and other capital market participants with information about companies’ sustainability-related risks and opportunities to help them make informed decisions. This International Sustainability Standards Board (ISSB) will have a global and multi-location presence; the seat of the Board and the office of the Chair will be in Frankfurt.

Remarks Before The Asset Management Advisory Committee By SEC Chair Gary Gensler

Date 03/11/2021

Thank you. It is good to be with this Committee again.

Moscow Exchange: Risk Parameters Change For The Security DD-RM

Date 03/11/2021

As per the Securities market risk parameters methodology, on 03.11.2021, 16-36 (MSK) the upper bound of the price band (up to 6079) and initial margins (up to 21.25 %) for the security DD-RM were changed. 

BIS: ETFs, Illiquid Assets, And Fire Sales

Date 03/11/2021

Summary

Focus

Bond exchange-traded funds (ETFs) have grown steadily over the past decade and as of early 2021 managed more than $1.2 trillion. We illustrate that the specifics of the bond market lead to different arbitrage mechanics of bond ETFs relative to traditionally studied equity ETFs. Bond ETF baskets (the set of assets used to create or redeem ETF shares) contain a small fraction of holdings – a fact we refer to as "fractional baskets". This fact challenges the common assumption that baskets are representative of holdings, and has important implications for the ETF arbitrage process. We argue that fractional baskets may be a feature of ETFs holding illiquid assets since they create a buffer between the ETF market and the underlying bond market. We also show that ETFs can avoid fire sales through the action of authorised participants.

Stock Exchanges Join Global Finance Community In Race To Zero At COP26

Date 03/11/2021

The UN SSE is proud to announce that six of its members have joined the Glasgow Finance Alliance for Net Zero: 

• London Stock Exchange Group (LSEG)
• Singapore Exchange (SGX)
• Luxembourg Stock Exchange (LuxSE)
• Hong Kong Exchange (HKEX)
• Mexican Stock Exchange (BMV Mexico)
• Johannesburg Stock Exchange (JSE South Africa)

ICE Connects To Adroit’s Execution Management System - Offers Access To ICE Bonds Liquidity

Date 03/11/2021

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that ICE Bonds has connected with Adroit Trading Technologies, a premier order and execution management system (OEMS) for sophisticated over-the-counter-focused buyside traders. ICE Bonds’ fixed income over the counter marketplace will provide Adroit users with deep liquidity and price discovery across multiple protocols, including portfolio trading, request for quote (RFQ) and click-to-trade.

SOFR Swaps Top $50B In Daily Volume As Firms Prepare To Cease New Libor Use

Date 03/11/2021

• SOFR Overnight Index Swaps (OIS) averaged daily notional turnover of $51.6 Billion in October, according Clarus Financial Technology data
• With daily turnover having grown more than 400% since June (the last full month prior to the SOFR First initiative), SOFR accounted for more than 32% of USD Libor/SOFR DV01 traded in October
• Five federal financial institution regulatory agencies issued a joint statement on October 20, clarifying “the meaning of no new Libor contracts” as it pertains to supervised institutions subject to previous Supervisory Guidance

SIFMA AMG Statement On Launch Of The International Sustainability Standards Board

Date 03/11/2021

SIFMA AMG today released the following statement from Tim Cameron, SIFMA Managing Director and head of SIFMA’s Asset Management Group (SIFMA AMG) regarding the establishment of the International Sustainability Standards Board (ISSB):

“SIFMA AMG strongly supports the development of coherent and comprehensive internationally recognized, industry-specific sustainability reporting standards, as such standards are necessary to provide consistency across the market and enhance the reliability and comparability of sustainability reporting for investors."

British Columbia Securities Commission: Sophisticated Crypto Scams Targeting B.C. Residents Through Social Media And Dating Sites (English And Chinese)

Date 03/11/2021

The B.C. RCMP, British Columbia Securities Commission (BCSC), Canadian Anti-Fraud Centre (CAFC) and municipal police are warning the public about an emerging trend of fraudsters using social media and online dating sites to lure B.C. residents into crypto-asset scams.