News Centre

CFTC Sanctions Two Firms Offering Digital Asset-Based Swaps For Illegal Off-Exchange Trading and Registration Violations

Date 13/07/2020

The Commodity Futures Trading Commission today issued an order filing and settling charges against respondents Plutus Financial, Inc. d/b/a Abra of California, and Plutus Technologies Philippines Corp. d/b/a Abra International of the Philippines for entering into illegal off-exchange swaps in digital assets and foreign currency with U.S. and overseas customers and registration violations. This case was brought in connection with the Division of Enforcement’s Digital Asset Task Force.

KDPW Launches The SFTR Trade Repository Service

Date 13/07/2020

KDPW has launched the trade repository service for securities financing transactions (SFTR trade repository). The new reporting obligations are imposed by the European Union’s Securities Financing Transactions Regulation (SFTR). The SFTR requires the reporting of SFT (securities financing transaction) details to authorised trade repositories as an obligation of all market participants, including financial and non-financial entities.

Effective July 13, 2020 Through July 17, 2020, MIAX Options And MIAX Emerald 2X Opening And Intraday Valid And Priority Quote Spread Relief In All Symbols

Date 13/07/2020

Issue Symbol: All Symbols
Multiplier: 2X
Reason: In maintenance of a fair and orderly market.
Time: Opening and Intraday
Subject Summary: Please be advised, effective July 13, 2020 through July 17, 2020, the MIAX Regulation Department has granted 2 times opening and intraday quote parameter relief for all symbols on MIAX Options and MIAX Emerald . 

Triad Securities And Argus Research Publish Q2 2020 IPO, Secondary Market Summary And Outlook - IPOs And Secondaries Up Compared To Q1 - Ratio Of Positive Opens To Negative Has More Than Doubled

Date 13/07/2020

Triad Securities Corp., a full-service, agency-only brokerage firm, today announced the issuance of its Q2 2020 Quarterly Snapshot on US IPOs and secondary offerings (See report here).

UK Financial Conduct Authority Commences Civil Proceedings In Relation To Alleged Unauthorised Regulated Mortgage Contracts And Sale & Rent Back Agreements

Date 13/07/2020

Nextpoint Capital SOCIMI Receives Favourable Report From MAB - It Is The Fourth Company To Join This BME Market So Far This Year

Date 13/07/2020

The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on NEXTPOINT CAPITAL SOCIMI following a thorough review of all the information presented by the company.

Mckay Brothers Launches Illinois-Busan And Tokyo-Busan Bandwidth At Lowest Known Latency

Date 13/07/2020

McKay Brothers International (MBI) announced expansion of its lowest known latency private bandwidth services to Busan. The company launched hybrid microwave/fiber private bandwidth services between Illinois and Busan as well as between Tokyo and Busan. Both services are offered at the lowest known latency.

Tadawul, Muqassa, And Edaa Are Publishing Drafts Of The Amended Trading And Membership Rules, The Amended Securities Clearing Center Rules, The Amended Securities Depository Centre Rules, For Public Consultation

Date 13/07/2020

The Saudi Stock Exchange (Tadawul), The Securities Clearing Centre (Muqassa), and The Securities Depository Centre (Edaa) are keen to involve all concerned and interested parties to participate and share their observations on the regulatory frameworks for the market. 

In The Wake Of Wirecard’s Demise Fintech Leader Railsbank Rallies Industry To Improve Safeguarding Regulations For e-Money Institutions And Introduce New Provisions For Outsourcing Platforms In The UK

Date 13/07/2020

Nigel Verdon, co-founder and CEO of the leading global open banking platform Railsbank, has called on the UK industry and regulators to join forces to upgrade existing client money safeguarding regulations in the fintech sector and introduce new provisions for material outsourcers such as card issuing platforms, following the example set by the Monetary Authority of Singapore (MAS).

Matthias Zieschang Elected As New Chairman Of The Exchange Council Of The Frankfurt Stock Exchange

Date 13/07/2020

The members of the Exchange Council of the Frankfurt Stock Exchange have elected Matthias Zieschang as their new Chairman. He succeeds Michael Klaus, who resigned from the Exchange Council at the end of March.