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Bitcoin Reaches USD15k - CryptoCompare Analysis

Date 05/11/2020

Bitcoin has broken through the $15,000 mark, reaching a three year high. The surge comes at a time when Europe enters its second lockdown, the dollar continues to weaken and stock markets are rallying on the back of the US presidential election. On the upside there is very little resistance from $15k to an ATH if Bitcoin sustains this breaks out.

BIS: The Dawn Of Fintech In Latin America: Landscape, Prospects And Challenges

Date 05/11/2020

Fintech in Latin America is greeting the dawn. We take stock of how it is transforming financial services in the region. First, we describe the fintech landscape in terms of investment, firms and services provided. We find that fintech has quickly gained traction in Latin America, mainly in the areas of payments and alternative finance. Second, we evaluate the prospects for fintech by exploring the institutional framework to supervise and regulate it. We show that fintech regulation in the region takes an activity-based approach rather than an entity-based one, except in Mexico. Finally, we present the challenges that fintech faces in becoming a game changer for the region. We conclude that fintech can be a strong catalyst to improve financial and social conditions in Latin America by incorporating the unbanked into the financial system and providing alternative sources of finance to firms. 

ESMA Publishes First Q&As On SFTR Reporting

Date 05/11/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its first set of Questions and Answers relating to reporting under  the Securities Financing Transactions Regulation (SFTR).

Opening Remarks At The November 5, 2020 Meeting Of The Asset Management Advisory Committee, SEC Commissioner Hester M. Peirce Nov. 5, 2020

Date 05/11/2020

Thank you, Ed [Bernard].  Welcome to the newest Committee member, Renee LaRoche-Morris.  It is a pleasure to be able to speak to you all again.  Today’s agenda is in keeping with the Asset Management Advisory Committee’s founding principles: to provide the Commission with a diverse set of perspectives on a range of topics affecting investors and market participants.  Few matters are more pressing today for investors and markets than ensuring that asset managers are able to continue to function effectively and serve their clients’ needs in these challenging times.

EEX Group Monthly Report - October 2020

Date 05/11/2020

Key achievements in October

Power

• The European Spot Markets increased by 9% to 53.8 TWh in October 2020. The EPEX SPOT Intraday Market has been the main growth driver with an increase of 20% to 10.3 TWh, which marks a new record.
• 900.1 GWh were traded on the Intraday auctions including the newly launched Intraday auctions in Austria, Belgium, France and the Netherlands. Launched on 14 October 2020, these new auctions reached a combined 26.5 GWh.

Moscow Exchange: More Than 7.5 Mln Retail Investors Held Brokerage Accounts As Of The End Of October

Date 05/11/2020

At the end of October, the number of individuals with a brokerage account on Moscow Exchange exceeded 7.5 mln. October posted a monthly record with more than 736,000 people opening brokerage accounts; 3.6 mln people have opened brokerage accounts year-to-date.

Opening Remarks At The November 5, 2020 Special Meeting Of The Asset Management Advisory Committee, SEC Chairman Jay Clayton, Nov. 5, 2020

Date 05/11/2020

I would like to welcome everyone to today’s Special Meeting of the Commission’s Asset Management Advisory Committee, or AMAC. Thank you to Mark Tibergien for his service on the Committee since its inception, and welcome to Renee LaRoche-Morris, the Committee’s newest member.  I know Renee will provide important insights to the Committee from her years of experience.  And, to follow up on a point Ed [Bernard] just made, one thing we really like about our advisory committees is the extent to which they provide a way for committee members to work with our staff, who provide their expertise and experience to facilitate the committees’ efforts.  This engagement is good for us, I hope good for the Committee members and those who present to the Committee and, ultimately, facilitates a better common understanding of our markets and the needs of our investors.  Thank you to the staff who work so closely with the members of the AMAC and with the members of the public who engage with the Commission through the AMAC. 

ESMA Publishes Translations For Guidelines On Performance Fees In UCITS And Certain Types Of AIFs

Date 05/11/2020

The European Securities and Markets Authority (ESMA) has issued today the official translations of its guidelines on performance fees in UCITS and certain types of AIFs.

Moscow Exchange: Fastest Protocol To Trade On Equity & Bond And FX Market Up And Running

Date 05/11/2020

Moscow Exchange has added new co-location IT services to its offering. Banks, brokerages, algo- and HFT-traders placing their hardware in MOEX’s data center can now use the new FIFO MFIX Trade service to connect to the Equity & Bond and FX Markets.

Risk Parameters On The Moscow Exchange From November 6, 202

Date 05/11/2020

According to the decision of CCP NCC risk parameters will be set equal to values that were prior to November 2, 2020:

• from November 6, 2020 on FX and Securities markets
• from 7:00 p.m. November 5, 2020 on Derevatives and Standardized OTC Derivatives market