News Centre

Moscow Exchange: Calculation Of Stress Collateral Requirement During New Year/Christmas Public Holidays

Date 09/12/2020

CCP NCC is changing standard period of stress collateral requirement calculation and sets the following schedule:

Euronext: Quarterly Review Of The BEL 20®, BEL Mid® And BEL Small® Indices

Date 09/12/2020

Euronext today announced the quarterly review of the BEL 20®, BEL Mid® and BEL Small® indices. The change due to the review will be effective from Monday 21 December 2020.

BIS: Low Price-To-Book Ratios And Bank Dividend Payout Policies

Date 09/12/2020

Summary

Focus

When bank stock prices are low, relative to book value, banks have a stronger incentive to pay out dividends. But paying dividends reduces banks' capacity to lend and weakens their resilience to shocks. In response to the Covid-19 crisis, regulators and banking federations have set or recommended rules that banks should stop their dividend payouts or share buybacks in order to conserve their capital.

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

Date 09/12/2020

As per the Securities market risk parameters methodology, on 09.12.2020, 18-09 (MSK) the upper bound of the price band (up to 11925) and initial margins (up to 21.25 %) for the security BIDU-RM were changed. New values are available here

Statement On Adoption Of Market Data Infrastructure Rules Under Regulation NMS, SEC Chairman Jay Clayton, Dec. 9, 2020

Date 09/12/2020

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on December 9, 2020, under the Government in the Sunshine Act. The Commission today will consider a staff recommendation to adopt amendments to Regulation NMS to modernize the national market system for the collection, consolidation, and dissemination of information with respect to quotations for and transactions in national market system (“NMS”) stocks (“NMS market data”). Broadly speaking, these amendments would, first, expand the content of NMS market data that must be collected, consolidated, and disseminated as part of the national market system under Regulation NMS. Second, the amendments would modernize the way NMS market data is disseminated by replacing the existing centralized consolidation model with a decentralized consolidation model that features competing consolidators.

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

Date 09/12/2020

As per the Securities market risk parameters methodology, on 09.12.2020, 17-38 (MSK) the upper bound of the price band (up to 2382) and initial margins (up to 15 %) for the security T-RM were changed. New values are available here

Successful Start For Eurex's New Options On Euro-Buxl® Futures

Date 09/12/2020

A little over two months at market and our new Buxl options are seeing impressive volume development: more than 78,000 contracts have traded since the launch in late September. We are seeing a strong liquidity picture in the order book with seven market makers providing prices.

A New IPO: Bouali Sina Petrochemical Company Joins Tehran Stock Exchange

Date 09/12/2020

A new company was listed in Tehran Stock Exchange: Bouali Sina Petrochemical Co. (BSPC) went public in Tehran's Bourse.

European Council Endorses New Rules Addressing Cessation Of Financial Benchmarks

Date 09/12/2020

As one of the first jurisdictions worldwide, the EU is putting in place a framework to ensure a smooth transition when financial benchmarks are terminated.

BME: MARF Registers A New Fund From Haya Titulización Originated By TWC To Provide SMEs With Funding

Date 09/12/2020

BME's Fixed Income Market, MARF, today admitted to trading the first compartment of HT Working Capital, Securitisation Fund, from Sociedad Gestora Haya Titulización SGFT for an amount of 75 million euros. This first compartment is structured as a continuous issuance programme that will allow the successive placement of commercial paper (CPs) securities backed by credit rights assigned to the Fund by Trade & Working Capital (TWC), which provides companies with working capital financing. The credit rights will consist of invoices, receipts or other rights that companies and SMEs have on their balance sheets as a result of work and services provided to third parties and whose collection will be made in advance via their assignment to TWC. The Fund will allow TWC to finance these credit rights.