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LEX Selects Nasdaq To Power Groundbreaking Commercial Real Estate Securities Trading Platform - Nasdaq’s Market Technology, The Backbone Of 120+ Global Market Operators, Will Power LEX’s Platform And Bring New Sophistication To LEX’s Real Estate Securities Trading Venue

Date 25/06/2020

LEX, the leading commercial real estate securities marketplace that enables accredited and unaccredited investors to invest in individual properties, today announced it has partnered with Nasdaq to power its trading platform. LEX will leverage the cloud matching service via the Nasdaq Marketplace Services Platform to provide the same robust, low latency and high-performance trading features used by 120+ global market operators around the world. The technology partnership sets a new market infrastructure standard for trading real estate securities and establishes an exclusive trading venue for commercial real estate securities.

Hedge Funds Largely Ignore €1.6bn Payday To Hit Jackpot As Wirecard Begins Insolvency Proceedings

Date 25/06/2020

• Analysis by Ortex shows that only 12.5% of short positions have been closed in the past week, leaving 16.8m (15% of total freefloat) shorted
• The equity analytics platform estimated that open short positions were worth at least €1.6bn at the start of the crisis; hedge funds now stand to gain significantly more
• A number of hedge funds have maintained or increased their short positions in the past week, including Slate Path Capital, Samlyn Capital, Coatue Management, Maverick Capital, Coltrane Asset Management

LSEG Appoints Anna Manz As Chief Financial Officer

Date 25/06/2020

London Stock Exchange Group (LSEG) announces today that Anna Manz will join as Chief Financial Officer and a member of the Board of LSEG plc on 21 November, reporting to David Schwimmer, CEO, LSEG. She succeeds David Warren who announced in October 2019 his intention to retire from the Group and to step down from the Board by the end of 2020. David Warren will step down as Chief Financial Officer and Executive Director when Anna starts, remaining with the Group until his retirement date of 24 June 2021 to ensure a seamless transition. 

Europe Hardest Hit In GDP Expectations…Italy Leading The Way…

Date 25/06/2020

Key Points:

• Italy 2020 real GDP growth of -9.2%
• UK one of hardest hit advanced economies
• Argentina & Brazil GDP expectations worst in emerging economies
• Turkey unemployment rate to reach 16.0%
• Followed by Brazil in 2nd place

Management Of Supergas Opens Trading On The Occasion Of The Listing Of Its Shares On Tel Aviv Stock Exchange

Date 25/06/2020

Supergas opened trading today on TASE on the occasion of the listing of its shares on the Tel Aviv Stock Exchange. It is the largest of the eight new share companies to join the Tel Aviv Stock Exchange this year.​

ThomasLloyd Brings Sustainable Infrastructure Fund To LGX

Date 25/06/2020

The Luxembourg Stock Exchange (LuxSE) today marked the listing of ThomasLloyd SICAV-Sustainable Infrastructure Income Fund (SIIF), which has been admitted to trading on the EU-regulated Bourse de Luxembourg (BdL) market. ThomasLloyd SICAV-Sustainable Infrastructure Income Fund is an open-ended Alternative Investment Fund domiciled in Luxembourg. Earmarked for investment in renewable energy and sustainable infrastructure projects, the fund is displayed on the Luxembourg Green Exchange (LGX).

Cboe FX To Launch Central Limit Order Book For FX Market

Date 25/06/2020

• Cboe FX Central, a new central limit order book, aims to bring competition and innovation to the FX "primary" markets
• Cboe FX Central brings to market a unique market model designed to incentivize and democratize FX liquidity provision and market data
• Cboe FX Central scheduled to launch on Monday, June 29, 2020

The Pandemic, Financial Advisors, And The Financial Planning Opportunity - New Aite Group Research Finds That Most Practices Are Adding More Advice-Based Services Despite Few Advisors Charging A Fee For Financial Planning

Date 25/06/2020

For over two decades, the U.S. wealth management industry has been evolving toward financial planning, transitioning to advisory fees, and establishing deeper and ongoing relationships with clients. These deeper client relationships have helped advisors identify additional needs and goals of clients, and virtually all advisors have added some level of financial planning to their practice. However, adoption of financial planning by advisors is still fairly low across the marketplace, and the pandemic and associated financial crisis are having a dramatic impact on investors and advisors. The Pandemic, Financial Advisors, and the Financial Planning Opportunity, the latest Aite Group report, addresses key challenges and efforts required to increase financial planning adoption to meet client needs in a post-pandemic marketplace.

EBA Publishes Final Draft Comprehensive ITS On Institutions’ Pillar 3 Disclosures And Revised Final Draft ITS On Supervisory Reporting (Framework 3.0)

Date 25/06/2020

• The disclosure ITS implement the new requirements introduced by CRR2 and aims to reinforce market discipline by increasing consistency and comparability of institutions' public disclosures.
• The updated reporting framework reflects changes in the CRR and introduces new reporting requirements on net stable funding ratio and counterparty credit risk.
• New proportionality measures have been implemented, in particular for small and non-complex institutions.

CPMI-IOSCO Publish A Report On CCP Auctions

Date 25/06/2020

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published a report entitled “Central counterparty default management auctions – Issues for consideration”.