News Centre

triReduce Completes First Benchmark Conversion With SONIA Risk Replacement Trades

Date 29/10/2020

TriOptima, a leading infrastructure service that helps to lower costs and mitigate risk in OTC derivatives markets, announced the completion of the first triReduce enhanced compression cycle to include SONIA risk replacement trades. The cycle took place on October 22, 2020 at LCH SwapClear.  

CFTC’s Enforcement Division Issues Staff Guidance On Recognition Of Self-Reporting, Cooperation, And Remediation

Date 29/10/2020

The Commodity Futures Trading Commission today announced the Division of Enforcement (DOE) issued new guidance for enforcement staff when recommending the recognition of a respondent’s cooperation, self-reporting, or remediation in CFTC enforcement orders. The guidance, which will be published in the agency’s Enforcement Manual, follows recent updates of the manual’s civil monetary penalty guidance and compliance program evaluation guidance. [See CFTC Press Release Nos. 8165-20 and 8235-20]

Canadian Pensions Buoyed By Positive Performance In Equity Markets: RBC Investor & Treasury Services

Date 29/10/2020

As economies reopened, Canadian DB pensions in the RBC Investor & Treasury Services All Plan Universe weathered the pandemic-induced slowdown and continued the forward momentum from Q2, gaining a median 3.0 per cent in Q3. The median year-to-date return for Canadian DB plans stood at 5.2 per cent for the period ending September 30, 2020.

Intercontinental Exchange Approves Fourth Quarter Dividend Of $0.30 Per Share

Date 29/10/2020

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced today a $0.30 per share dividend for the fourth quarter of 2020, which is up 9% from the $0.275 per share dividend paid in the fourth quarter of 2019. The cash dividend is payable on December 31, 2020 to stockholders of record as of December 16, 2020. The ex-dividend date is December 15, 2020.

Morgan Stanley, Piper Sandler Top Financial Advisers By Value, Volume In Financial Services Sector During Q1-Q3 2020, Finds GlobalData

Date 29/10/2020

Morgan Stanley and Piper Sandler were the top financial advisers for mergers and acquisitions (M&A) in the global financial services sector by value and volume, respectively, during Q1-Q3 2020. A total of 2,250 M&A deals were announced in the financial services sector during the period, according to GlobalData, a leading data and analytics company.

UK Financial Conduct Authority To Participate In GFIN Cross-Border Testing Of Financial Products And Services

Date 29/10/2020

The FCA will be among 23 regulators across 5 continents taking part in the cross-border testing initiative organised by the Global Financial Innovation Network (GFIN).

EEX Responded To The European Commission’s Public Consultation On A Carbon Border Adjustment Mechanism

Date 29/10/2020

EEX welcomes the Green Deal and increase of the 2030 ambition as a pivotal step for Europe to achieve climate neutrality and assert its role as global climate action leader. Energy markets, and in particular power and emissions markets, will be a key instrument in delivering on Europe’s long-term climate ambitions.

ECB Governing Council Press Conference - 29 October 2020

Date 29/10/2020

Nodal And IncubEx To Expand Environmental Markets With Seven New Renewable Contracts

Date 29/10/2020

Nodal Exchange and IncubEx today announced the upcoming launch of seven new Renewable Energy Certificate (REC) futures and options on November 17, 2020.

Transcend Raises $10 Million To Meet Surge In Demand For Optimization Of Collateralized Businesses

Date 29/10/2020

Transcend, a leader in business optimization for financial firms, has closed its Series A financing, limiting the raise to $10 million after over-subscription by potential investors. The financing round was led by Nyca Partners, a leading fintech venture capital firm, with support from a major global custodian bank. Proceeds will be used to rapidly scale product and sales infrastructure to meet growing demand from Transcend’s client base, which has more than doubled in the past two years to include 10 of the world’s largest banks and brokerage firms.