News Centre

ECB Takes Note Of German Federal Constitutional Court Ruling And Remains Fully Committed To Its Mandate

Date 05/05/2020

The Governing Council received a preliminary briefing by the governor of the Bundesbank and by the legal department of the European Central Bank (ECB). The ECB takes note of today’s judgment by the German Federal Constitutional Court regarding the Public Sector Purchase Programme (PSPP).

Breaking A Traditional Dilemma - Christian Reuss, Head Cash Markets At The Swiss Stock Exchange, Speaks In Favor Of Open Markets And Is Against A General Ban On Short Selling

Date 05/05/2020

A highly volatile trading environment usually leads to market participants opting for certainty of execution as opposed to seeking price improvements – a traditional dilemma. In his latest article published in the magazine "Best Execution", Christian Reuss, Head Cash Markets and Member of the Management Committee, Securities & Exchanges at SIX, explains how the Swiss Stock Exchange breaks with that long-standing trade-off: "Thanks to the unique sweep functionality, our non-displayed liquidity pool SwissAtMid allows users to achieve both – certainty of execution and price improvements – at the same time."

LuxSE Launches LGX Academy To Boost Sustainable Finance Education

Date 05/05/2020

Sustainable finance experts from the Luxembourg Green Exchange (LGX), the world’s leading platform for sustainable securities, today celebrated the official launch of the LGX Academy. The academy offers tailor-made lectures on a broad range of topics linked to sustainable finance, thereby allowing participants to enrich their knowledge in this field and gain a deeper understanding of sustainable finance market practices.

ECB Decisions On The Public Sector Purchase Programme Exceed EU Competences

Date 05/05/2020

In its judgment pronounced today, the Second Senate of the Federal Constitutional Court granted several constitutional complaints directed against the Public Sector Purchase Programme (PSPP) of the European Central Bank (ECB). The Court found that the Federal Government and the German Bundestag violated the complainants’ rights under Art. 38(1) first sentence in conjunction with Art. 20(1) and (2), and Art. 79(3) of the Basic Law (Grundgesetz – GG) by failing to take steps challenging that the ECB, in its decisions on the adoption and implementation of the PSPP, neither assessed nor substantiated that the measures provided for in these decisions satisfy the principle of proportionality. In its Judgment of 11 December 2018, the Court of Justice of the European Union (CJEU) has taken a different stance in response to the request for a preliminary ruling from the Federal Constitutional Court; however, this does not merit a different conclusion in the present proceedings. The review undertaken by the CJEU with regard to whether the ECB’s decisions on the PSPP satisfy the principle of proportionality is not comprehensible; to this extent, the judgment was thus rendered ultra vires. As regards the complainants’ challenge that the PSPP effectively circumvents Art. 123 TFEU, the Federal Constitutional Court did not find a violation of the prohibition of monetary financing of Member State budgets. The decision published today does not concern any financial assistance measures taken by the European Union or the ECB in the context of the current coronavirus crisis.

HKEX: Adjustment Of New World Development Structured Products, Futures And Options

Date 05/05/2020

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to New World Development Company Limited (New World Development) structured products, futures and options to account for New World Development’s share consolidation.

Evidology Systems Shortlisted In ‘Best Fintech Company’ And ‘Best In RegTech’ By Markets Choice Awards

Date 05/05/2020

Evidology Systems, provider of QED, the principles-based regulations compliance platform compatible with MS Office 365, is announcing today its shortlisting in two categories, ‘Best FinTech Company’ and ‘Best in RegTech’, in this year’s Markets Choice Awards. This is the 3rd award to shortlist Evidology in 2020. 

Atlantic Sapphire Goes Ashore On Oslo Børs

Date 05/05/2020

Atlantic Sapphire was today listed on Oslo Børs. - I warmly welcome the company to us, they are true pioneers in salmon farming, says Øivind Amundsen, President and CEO of Oslo Børs.

TORA Partners With Imagine Software To Create Best-In-Class Global Trading Platform

Date 05/05/2020

TORA, provider of the industry’s most advanced cloud-based and leading order and execution management system (OEMS), has today announced a partnership with premier risk & compliance platform provider, Imagine Software to create the finest front-to-back end trading solution for hedge funds & asset managers.

Exchange Is First To Take Up Velocimetrics’ 100Gbps Monitoring

Date 05/05/2020

Velocimetrics, a Beeks Financial Cloud company (AIM: BKS) and the leader in business flow tracking and real-time, in-stream performance analytics, has successfully onboarded an exchange as its first client requiring monitoring at 100Gbps across the entire trading platform. The exchange will utilise Velocimetrics’ EndToEnd (VMX) software in the day-to-day running of the trading platform and will benefit from VMX’s granular performance monitoring and real-time network analytics.

Investor Activity On GPW Group Markets – April 2020

Date 05/05/2020

• Increase of the value of trade in equities on the Electronic Order Book on the GPW Main Market by 71.4% YoY to PLN 23.5 billion in April 2020
• Increase of the value of trade in equities on the Electronic Order Book on NewConnect by 1,176.6% YoY to PLN 1.1 billion in April 2020
• Increase of the volume of trade in index futures by 133.0% YoY to 521.2 thousand contracts in April 2020
• Increase of the volume of trade in single-stock futures by 131.3% YoY to 206.4 thousand contracts in April 2020
• Increase of the volume of trade in currency futures by 12.5% YoY to 97.1 thousand contracts in April 2020
• Increase of the volume of trade in options by 58.2% YoY to 23.2 thousand contracts in April 2020
• Increase of the total value of trade in structured products by 199.0% YoY to PLN 268.9 million in April 2020
• Increase of the total value of trade in ETFs by 812.5% YoY to PLN 100.2 million in April 2020
  • Increase of the value of trade in non-Treasury bonds on the Electronic Order Book on Catalyst by 12.6% to PLN 213.7 million in April 2020
  • Increase of the total volume of trade in electricity by 35.3% to 24.6 TWh in April 2020
  • Increase of the total volume of trade in gas by 23.7% YoY to 13.8 TWh in April 2020