News Centre

Fiserv Reports Second Quarter 2020 Results

Date 05/08/2020

• GAAP revenue growth of 129% in the quarter and 140% year to date;
• GAAP EPS decrease of 100% in the quarter and 49% year to date;
• Internal revenue decline of 7% in the quarter and 2% year to date;
• Adjusted EPS decrease of 4% in the quarter and increase of 6% year to date;
• Operating cash flow up 400% in the quarter and 231% year to date;
• Free cash flow up 23% in the quarter and 13% year to date;
• Company expects 2020 adjusted EPS growth of at least 10%

Tradeweb Markets Monthly Activity Report July 2020 - Tradeweb Reports July Trading Volume

Date 05/08/2020

Average daily volume (ADV) across rates, credit, equities and money markets for Tradeweb Markets was $724.7 billion (bn) in July 2020, a decrease of 3.5 percent (%) year over year (YoY). Steady growth across products, including new records in Chinese bonds as well as repurchase agreements, was offset by softer swaps trading as a result of lower market-wide rates volatility. Average daily trades for the month totaled 45,373.

SEC Charges Affiliated Advisers For Misrepresentations About Payment For Order Flow Arrangements

Date 05/08/2020

The Securities and Exchange Commission today filed settled charges against affiliated registered investment advisers WBI Investments Inc. and Millington Securities Inc. for making material misrepresentations to clients about compensation Millington received in an institutional payment for order flow arrangement for routing client orders to certain brokerage firms for execution.  As part of the settlement, WBI and Millington agreed to pay a combined total of $1 million in penalties.

Corporate And Municipal CUSIP Request Volume Slows In July - Three-Month Streak Of Muni Request Volume Increases Comes To An End

Date 05/08/2020

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2020. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a significant decline in request volume for new corporate and municipal debt identifiers.

Enforcement Co-Director Steven Peikin To Depart - SEC Actions Resulted In Return Of Over $3 Billion To Harmed Investors During Peikin’s Three-Year Term

Date 05/08/2020

The Securities and Exchange Commission today announced that Division of Enforcement Co-Director Steven Peikin will leave the agency on Aug. 14, 2020.

CFTC Swaps Report Update

Date 05/08/2020

CFTC's Weekly Swaps Report has been updated, and is now available.

Statement On Proposal To Improve Information Available To Fund Investors, SEC Commissioner Elad L. Roisman, Aug. 5, 2020

Date 05/08/2020

Thank you to Director [Dalia] Blass and her excellent team in the Division of Investment Management for your several years of work developing today’s proposal to improve the information available to fund investors. Thanks also to the team in our Division of Economic and Risk Analysis, who worked hard to evaluate the costs and benefits of the many variables in this proposal, as well as all of the other SEC staff, past and present, who worked on this project.

Ontario Securities Commission Publishes New Resource For Virtual Hearings - Guide To Virtual Hearings Before The OSC Tribunal

Date 05/08/2020

The Ontario Securities Commission today published its “Guide to Virtual Hearings Before the OSC Tribunal.” The Guide is intended to assist parties to proceedings and others who are participating in teleconference and videoconference hearings before the Tribunal.

Statement On Publication On The Commission’s Website Of Procedures For Nominating Candidates For Appointment To The Investor Advisory Committee, SEC Commissioner Elad L. Roisman, Aug. 5, 2020

Date 05/08/2020

Good morning, and thank you to everyone joining us today. I am pleased to have the opportunity to voice my support for this recommendation to update the nomination process for one of the SEC’s statutorily required advisory committees: The Investor Advisory Committee, or “IAC.”

CalPERS Chief Investment Officer Yu (Ben) Meng Resigns

Date 05/08/2020

CalPERS announced today that Chief Investment Officer Yu (Ben) Meng is resigning, effective August 5.