News Centre

ESMA Responds To European Commission Consultation On Revision Of NFRD

Date 11/06/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on a revision of the Non-Financial Reporting Directive (NFRD). The response recommends standardising disclosure requirements, widening the range of companies required to report and ensuring consistency between legislative initiatives on sustainable finance.

Eventus Systems Names Jeff Gale Sales Director, EMEA In London - 30-Year Industry Veteran To Help Grow Adoption Of Validus Platform In Region

Date 11/06/2020

Eventus Systems, Inc.<https://www.eventussystems.com/>, a multi-award winning global trade surveillance and risk management software platform provider, today announced the appointment in London of Jeff Gale as Sales Director, EMEA, representing the newest addition to the team charged with growing and supporting the firm's presence in the Europe, Middle East and Africa region. Gale has more than three decades of experience in finance and technology across multiple asset classes, in business development, strategic finance and other key roles.  Most recently, he served as Co-Founder at Seismic Foundry, a capital markets fintech fund and consultancy focused on promising early-stage firms.

CQG Licenses Software Assets From Blue Trading Systems (BTS) To Deploy Exclusive, Robust Suite Of Custom Algorithms, Low-Latency Spreader Environment - Kevin Darby, BTS Co-Founder And Managing Partner, To Lead Integration, Implementation As CQG Product

Date 11/06/2020

CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, today announced that it has just completed a transaction to license certain software assets from Blue Trading Systems (BTS). The move will give CQG an exclusive, comprehensive suite of custom algorithmic strategies to offer clients, along with new low-latency spread routing for spread traders.

Ethoca And Aite Group Research Finds Cardholders Are Eager For Digital Solutions That Deliver Greater Purchase Transparency - Transaction Confusion And False Claims – Both Leading Causes Of Disputes And Chargebacks – Shown To Be Preventable Through Improved Merchant-Issuer Collaboration

Date 11/06/2020

Ethoca, a Mastercard company, today announced the release of new research that reveals cardholders have a strong appetite for digital solutions that provide greater insight into their purchases. These digital solutions will improve customer experience as well as reduce disputes, chargebacks and false claims by delivering in-depth purchase information direct to cardholders through digital channels such as mobile banking applications.

HKEX Enhances Product Offering With JD Debut

Date 11/06/2020

• JD Futures and Options to be introduced on 18 June
• HKEX informed issuers they can list derivative warrants on JD shares when the shares debut on HKEX’s securities market
• JD shares to be included in Designated Securities Eligible for Short Selling on 18 June

UK Financial Conduct Authority: Open Access Regime For The Trading And Clearing Of Exchange-Traded Derivatives

Date 11/06/2020

From 4 July 2020 trading venues and central counterparties (CCPs) offering the trading and clearing of exchange-traded derivatives will be subject to the Markets in Financial Instruments Regulation (MiFIR) open access regime as set out in articles 35 and 36 of that Regulation. Under those provisions, trading venues and CCPs may only deny access where the operational risk and complexity arising from granting access would cause undue risk. The specific factors trading venues and CCPs should consider when evaluating access requests are set out in Commission Delegated Regulation 2017/587.

ESMA Renews Its Decision Requiring Net Short Position Holders To Report Positions Of 0.1% And Above

Date 11/06/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has renewed its decision to temporarily require the holders of net short positions in shares traded on a European Union (EU) regulated market to notify the relevant national competent authority (NCA) if the position exceeds 0.1% of the issued share capital.

Moscow Exchange: REPO Risk Parameters Change For The Security LSNG - Update 1

Date 11/06/2020

As per the Securities market risk parameters methodology, on 11.06.2020, 12-36 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -57.52 %), penalty rate and IR Risk Rate (up to -0.0425 rub) for the security LSNG were changed. New values are available here

UK Financial Conduct Authority Fines Lloyds Bank, Bank Of Scotland And The Mortgage Business 64,046,800 For Failures In Mortgage Arrears Handling

Date 11/06/2020

The Financial Conduct Authority (FCA) has today fined Lloyds Bank plc, Bank of Scotland plc and The Mortgage Business plc (the banks) 64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears. The banks have estimated that they will have paid approximately 300 million in redress. The redress programme is nearly complete.

Torstone Technology Appoints David Pearson To Further Strengthen Product Focus

Date 11/06/2020

Torstone Technology, a leading global provider of post-trade securities and derivatives processing, today announced the appointment of David Pearson, who will be joining Torstone's product team. His extensive industry experience will help strengthen Torstone’s product focus and delivery.