News Centre

SIFMA Statement On Reintroduction Of The American Infrastructure Bonds Act

Date 22/04/2021

SIFMA today released the following statement from president and CEO Kenneth E. Bentsen, Jr. on the reintroduction of the “American Infrastructure Bonds Act”:

CFTC Staff Issues Conditional Relief from Reporting Fully Collateralized Binary Option Data To Swap Data Repositories

Date 22/04/2021

The Commodity Futures Trading Commission today announced that the Division of Data, the Division of Market Oversight, and the Division of Clearing and Risk have provided no-action relief to KalshiEX LLC, a designated contract market, and LedgerX, LLC, a derivatives clearing organization, from reporting to swap data repositories, data for binary option transactions executed on or subject to the rules of Kalshi and cleared by LedgerX. The no-action relief also exempts Kalshi and LedgerX from certain related recordkeeping requirements, and is consistent with staff-level relief previously provided to other similarly situated designated contract markets and derivatives clearing organizations.

Remarks by US Secretary Of The Treasury Janet L. Yellen At The Leaders Summit On Climate

Date 22/04/2021

President Biden, Secretary Kerry, and other distinguished guests, I am honored to join you at today. The global community has only a short time to avoid the most catastrophic effects of climate change: We need a “sprinting start” now if we wish to achieve our goal of net-zero emissions by mid-century. President Biden has recommitted the United States to do its part to tackle this crisis and marshal the full capacity of the U.S. government.

US Federal Agencies Invite Comment On Proposed Rule For Income Tax Allocation Agreements

Date 22/04/2021

The federal bank regulatory agencies today invited comment on a proposed rule that updates and codifies existing guidance on income tax allocation agreements involving depository institutions and their affiliates.

BOX Options Market: New Features For FIX And SAIL Protocol

Date 22/04/2021

BOX Options Market LLC (“BOX”) will introduce the following features on May 3, 2021:

• Support of SubAccount, representing the Market Maker ID (MMID) at the OCC, in both FIX and SAIL protocol. 
• Introduction of BOX Internal FIX B5 protocol with updated Error Management.

Speech By Charles Randell, UK Financial Conduct Authority Chair, To The Finance And Leasing Association - Cautious Optimism For The Post-Pandemic World - Speech Delivered At The Finance And Leasing Association Industry Gathering On 22 April 2021

Date 22/04/2021

Highlights:

• To be effective in the new world of financial services that coronavirus has brought forward, the FCA must enforce the gateway to authorisation; focus on the basics; focus on outcomes; and use our rulebook better and faster
• We must also reshape the FCA itself, and this transformation is under way
• To make the transformation last, we must state clearly the outcomes we want, measure these outcomes and be transparent about whether we have achieved them

British Columbia Securities Commission: HSBC Subsidiary Agrees To Pay $1,050,000 For Failing To Deal Fairly With Investors

Date 22/04/2021

A B.C.-based firm that failed to deal fairly with investors in its mutual funds has agreed to pay $1,050,000 as part of a settlement agreement with the British Columbia Securities Commission (BCSC).

BOX Options Market : Monday And Wednesday Weekly Expirations For QQQ Options

Date 22/04/2021

Subject to regulatory approval, BOX Options Market LLC (“BOX”) will expand the Short Term Option Series Program (STO) to list for trading options series on the Invesco QQQ TrustSM Series (QQQ) ETF Trust which expire on Mondays and Wednesdays.

CryptoCompare Digital Asset Management Review: ETH Now Represents 13% Of AUM Across All Digital Asset Investment Products

Date 22/04/2021

CryptoCompare has just released its latest Digital Asset Management Review, a monthly report that focuses on key developments in the global digital asset investment product landscape. The report tracks the adoption of these products by analysing assets under management, trading volumes, and price performance.

Alex Oh Named SEC Director Of Enforcement

Date 22/04/2021

The Securities and Exchange Commission today announced that Alex Oh has been appointed Director of the Division of Enforcement. Oh was most recently a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP and co-chair of the law firm’s Anti-Corruption & FCPA Practice Group. She was previously an Assistant U.S. Attorney in the Criminal Division of the U.S. Attorney's Office for the Southern District of New York, where she was a member of the Securities & Commodities Fraud Task Force and the Major Crimes Unit.