News Centre

The Role Of Investment Managers In The Post Covid-19 Recovery - Speech By Christopher Woolard, Interim Chief Executive At The FCA, Delivered At A Webinar Hosted By The Investment Association

Date 08/07/2020

Highlights:

• The FCA has been trying to build a bridge across the economic aspects of the Covid-19 crisis to ensure that as many consumers and firms can come through the other side in the best shape possible.
• We will look to consult later this summer on finding a way in which funds could safely transition to a structure in which liquidity promises to investors are better aligned with the liquidity of fund assets.
• We now have an opportunity to look again at our rulebook, focusing less on tick box compliance and more on promoting outcomes that serve the public interest.

Enhanced What-If Scenario Forecast Tool For Companies, Launched By Company Watch

Date 08/07/2020

Company Watch, a commercial credit reference agency at the forefront of predictive and financial risk management technology, has launched its unique Covid-19 Scenario Forecast H-Score®  tool. It’s used by organisations around the world to accurately predict their exposure to financial risk; H-Score® predicted 92% of quoted company insolvencies around the world over the last four years. The new functionality is designed specifically to allow credit and procurement risk analysts, as well as funds, investment houses, and other financial institutions to test their ‘what-if’ assumptions and how changes to various factors, such as change in sales or bad debts, might affect a company’s financial performance. It can be used for any UK company which has filed full accounts with Companies House.

A Virtual IPO: Parsian Leasing Co. Joins Tehran Stock Exchange

Date 08/07/2020

400 million shares, representing 20% of total equity shares of Parsian Leasing Co. was offered publically on Tehran Stock Exchange through a virtual ceremony.

CFTC Charges Florida Man For Attempting To Fraudulently Profit From COVID-19 - First CFTC Enforcement Action Targeting Misconduct Directly Tied To COVID-19

Date 08/07/2020

The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Western District of Texas against James Frederick Walsh of Boca Raton, Florida, charging him with fraudulent solicitation and failure to register with the CFTC. Walsh’s fraudulent solicitations include falsely claiming to generate increased profits as a result of the COVID-19 pandemic. This is the first enforcement action brought by the CFTC alleging misconduct tied directly to the pandemic. The CFTC has also brought additional cases against entities and individuals whose frauds were ongoing during the pandemic. [See CFTC Press Release Nos. 8180-20, 8179-20, 8164-20].

MIAX Exchange Group - Options Markets - Equinix Reported Temperature Issue That Has Been Stabilized In NY4 Datacenter

Date 08/07/2020

Please be advised that Equinix reported a temperature issue that has now been stabilized in the NY4 Datacenter.  All MIAX Exchanges Trading Systems are currently up and operating normally.

Xignite Launches Suite Of Enterprise Microservices To Help Financial Institutions Move Market Data Management To The Cloud - Enterprise Microservices Client NICE Actimize Gains Agility And Scalability Bringing Its Real-Time Market Data Infrastructure To The Cloud

Date 08/07/2020

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today announced the launch of Xignite Enterprise Microservices, a powerful suite of cloud-native market data management services built to transform how firms store, distribute, manage and control market and financial data in the cloud. NICE Actimize, the leading global provider of financial crime, risk and compliance solutions is the first user of the new Real-time Microservice solution.

Marex Solutions Trades World’s First Tier 2 Structured Note - Investors Turn To Structured Notes As They Seek Yield

Date 08/07/2020

Marex Financial Products, the structured notes arm of commodities specialist Marex Spectron, has issued the first ever Tier 2 Capital Structured Note.

ACER Consults On Cross-Border Participation In Capacity Mechanisms

Date 08/07/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) has launched today a public consultation on the rules for cross-border participation in capacity mechanisms. These rules enable electricity providers to directly contribute with their resources to security of electricity supply in other European Member States, and to receive payments for their contributions.

Cloud9 And SteelEye Partner To Address Voice Trading Compliance Challenges Amid Remote Working Conditions

Date 08/07/2020

Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, has integrated with SteelEye, a leading regulatory technology and data analytics provider, to offer the institutional marketplace an efficient solution to manage their regulatory and surveillance obligations for voice trade data. 

Flow Traders: HKEX MSCI Futures

Date 08/07/2020

Flow Traders N.V. (“Flow Traders”) announced that various of its subsidiaries have been appointed lead liquidity provider for HKEX’s new suite of MSCI futures.