News Centre

BME Launches A New Big Data Platform For Its TCA & Best Execution Service

Date 29/09/2020

• Big data will serve as a catalyst for significant improvements in the process and result of the TCA & Best Execution reports
• The new solution enables reduced computing time and customised MiFID II-compliant reporting

CME Group To Launch Pork Cutout Futures And Options On November 9

Date 29/09/2020

CME Group, the world's leading and most diverse derivatives marketplace, today announced it will launch Pork Cutout futures and options on November 9, 2020, pending all relevant regulatory review periods. 

ESMA Updates Regulatory Technical Standards (RTS) Under The Benchmarks Regulation (BMR)

Date 29/09/2020

The European Securities and Markets Authority, the EU’s securities markets regulator,  has published its final report containing new sets of draft regulatory technical standards (RTS) under the Benchmarks Regulation (BMR). These contain additional detailed rules to implement the European regulatory framework aimed at ensuring the accuracy and integrity of benchmarks across the European Union.

DTCC Outlines Steps To Achieve Complete Dematerialization Of Physical Securities In The U.S. - DTCC Is Building Consensus Among Stakeholders On Critical Next Steps To Fully Transition Securities Processing From Physical Certificates To Electronic Records

Date 29/09/2020

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today issued its latest whitepaper, “From Physical to Digital: Advancing the Dematerialization of U.S. Securities,” outlining the necessary steps to reduce, and ultimately eliminate, certificated U.S. securities. Dematerialization, the transition from physical certificates to electronic records, would reduce the risks and costs associated with manual processing and human touchpoints, as well as increase efficiency and resiliency across the industry at a time when automation is more important than ever. Today, less than 1% of assets serviced by DTCC, through the firm’s subsidiary The Depository Trust Company (“DTC”), are still in physical form, but they represent $780 billion dollars in value.

OptionsLive Launches, Addressing Institutional Demand For Unified Pricing, Analytics And Data - Platform Built On OpenFin For Easy Integration Into Traders’ Desktops

Date 29/09/2020

A team of former options traders has launched OptionsLive, a sophisticated platform allowing institutions to trade US listed options with unsurpassed levels of transparency, insight and execution quality. OptionsLive is built on OpenFin, the financial markets’ operating system (OS), allowing traders to utilize highly customized workflows through a unified trading, data and analytics desktop. 

TNS Supports US Equities Expansion

Date 29/09/2020

In an attempt to introduce different approaches to trading and promote competition, three new US equities exchanges are preparing to go live this fall, and Transaction Network Services (TNS) will be supporting all three with live connections to both primary and disaster recovery (DR) locations.  

ESMA Proposes Amendments To The MiFIR Transparency Regime For Non-Equity Financial Instruments

Date 29/09/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published the Final Report on the MiFID II/MiFIR transparency regime applicable to non-equity financial instruments. The proposals contained in the report aim at simplifying and bringing more efficiency to an overly complex regime and fostering harmonised application across the EU.

TMX Datalinx To Provide Yahoo Finance With Real-Time Market Data For Canada’s Premier Equities Markets - Yahoo Finance, The World's Leading Source Of Business And Finance News To Bring TMX's Real-Time Market Information To Global Audience

Date 29/09/2020

TMX Datalinx, TMX Group's information services division, today announced a landmark agreement with Yahoo Finance, a unit of Verizon Media, to provide access to real-time intraday market data information for Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) and TSX Alpha Exchange (Alpha) across Yahoo Finance web properties and platforms.

What Does The FinCEN File Leak Tell Us? Ted Sausen, Subject Matter Expert, NICE Actimize

Date 29/09/2020

On September 20, 2020, just four days after the Financial Crimes Enforcement Network (FinCEN) issued a much-anticipated Advance Notice of Proposed Rulemaking, the financial industry was shaken and their stock prices saw significant declines when the markets opened on Monday. So what caused this? Buzzfeed News in cooperation with the International Consortium of Investigative Journalists (ICIJ) released what is now being tagged the FinCEN files. These files and summarized reports describe over 200,000 transactions with a total over $2 trillion USD that has been reported to FinCEN as being suspicious in nature from the time periods 1999 to 2017. Buzzfeed obtained over 2,100 Suspicious Activity Reports (SARs) and over 2,600 confidential documents financial institutions had filed with FinCEN over that span of time.

Bitfinex Derivatives Goes Live With Europe 50 & Germany 30 Perpertual Swaps, Roger Aitken Reports

Date 29/09/2020

Bitfinex Derivatives, a platform provided by iFinex Financial Technologies accessible through Bitfinex crypto and digital asset exchange, has gone live with trading perpertual swaps representing the ‘Europe 50’ and ‘Germany 30’ stock market indexes Perpetual Swaps. As highly leveraged products they are designed largely for high frequency trading (HFT) market participants.