News Centre

Welcome Remarks By Federal Reserve Governor Lael Brainard At The "Investment Connection – Response To Covid-19: Colorado" Webinar Series Hosted By The Federal Reserve Bank Of Kansas City, Kansas City, Missouri

Date 05/05/2020

Good afternoon everyone. I greatly appreciate this opportunity to participate in the virtual Investment Connection. As many of you are aware, the Federal Reserve Bank of Kansas City started this initiative in 2011 with a goal of helping funders find community and economic development opportunities in the 10th District. Investment Connection has attracted a wide range of proposals to meet community development needs, including asset building and financial education, community facilities, small business development/microlending, neighborhood stabilization/affordable housing, and workforce development. Since its inception, seven additional Reserve Banks have held or plan to hold Investment Connection events in their respective districts.

NYSE Board Advisory Council Welcomes Eight New Members - Council Connects Diverse Board Candidates With NYSE-Listed Companies Seeking New Directors

Date 05/05/2020

The New York Stock Exchange (NYSE), a wholly-owned subsidiary of Intercontinental Exchange (NYSE: ICE), welcomed eight new members to the NYSE Board Advisory Council, which identifies and connects diverse board candidates to NYSE-listed companies seeking new directors.

Nodal Exchange Achieves Greatest US Power Open Interest After 2nd Highest Trading Day Ever

Date 05/05/2020

On Friday, May 1, 2020, Nodal Exchange achieved its second highest trading day in power futures with a total volume of 42 million MWh.  The significant trading volume resulted in over 1,030 million MWh of total power futures open interest as of end of day May 1st.  This marked the first time Nodal Exchange had the largest power futures open interest of any exchange in North America.

Intercontinental Exchange Reports April Statistics

Date 05/05/2020

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today reported April 2020 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

Cboe Global Markets Reports April 2020 Trading Volume

Date 05/05/2020

• ADV across Cboe's four options exchanges up 47% over year ago
• Cboe EDGX Options Exchange ADV of more than one million contracts a new all-time monthly high
• ADV at Cboe's four U.S. equities exchanges rose 99% over year ago

BIS: Releasing Bank Buffers To Cushion The Crisis - A Quantitative Assessment

Date 05/05/2020

Key takeaways

• Banks globally entered the Covid-19 crisis with roughly US$ 5 trillion of capital above their Pillar 1 regulatory requirements. 
• The amount of additional lending will depend on how hard banks' capital is hit by the crisis, on their willingness to use the buffers and on other policy support. 
• In an adverse stress scenario such as the savings and loan crisis, banks' usable buffers would decline to US$ 800 billion, which could support US$ 5 trillion of additional loans (6% of total loans outstanding). Yet in a severely adverse scenario, similar to the Great Financial Crisis, the corresponding figures would be only US$ 270 billion and US$ 1 trillion (1.3% of total loans).

Proxymity Launches Consortium Of Financial Industry Leaders And Raises $20.5 Million In Strategic Round To Become Its Own Entity

Date 05/05/2020

• Proxymity welcomes eight investors, including BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street.
• Proxymity, developed by Citi, to become an independent entity based in London.
• Proxymity to leverage new capital to scale the platform and team, build out its investor communications platform, and expand its services to a wider client base and geography.

TMX Group Consolidated Trading Statistics – April 2020

Date 05/05/2020

TMX Group Limited today announced April 2020 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange and Montréal Exchange.

OCC Selects Axoni To Modernize Securities Lending Infrastructure - New, Innovative Technology Provides Numerous Benefits To Clearing Member Firms

Date 05/05/2020

OCC, the world’s largest equity derivatives clearing organization, today announced that it has selected Axoni, a technology firm that specializes in multi-party workflows and infrastructure, to develop and implement a distributed ledger technology solution to replace its existing securities lending infrastructure. Today’s announcement marks another milestone for OCC’s transformation as this new, innovative technology addresses fundamental challenges in the securities lending industry and will benefit OCC’s clearing member firms by increasing efficiency and reducing reconciliation and associated costs.

Purdue University/CME Group Ag Economy Barometer Index Drops Below 100 As Coronavirus Disrupts Agriculture

Date 05/05/2020

Coronavirus concerns, commodity price declines and supply-chain disruptions sink producer sentiment to a three-year low, according to the April Purdue University/CME Group Ag Economy Barometer. The barometer recorded a reading of 96, marking the first time the barometer has fallen below 100 since October 2016 registering 72 points below its record-high just two-months prior. The Ag Economy Barometer is based on responses from 400 U.S. agricultural producers and this month's survey was conducted from April 19-24, 2020.