News Centre

March 13th Saw Highest Daily Crypto Volumes In History - CryptoCompare Data

Date 03/04/2020

13^th March Market Crash Saw Highest Daily Volumes Ever

The massive market crash on March 12th-13th saw daily volumes hit $75.9bn in a single day (13th March) – the single greatest daily volume recorded in cryptoasset history. 

Solactive Labeled Index Provider Of The Year – 2019 By ETF.com

Date 03/04/2020

The annual award presentation of industry voice ETF.com reserved the highest decoration for Solactive. The German FinTech received the Index Provider of the Year – 2019 Award for its leading achievements and contributions to the Indexing and ETF industry. The award is the latest addition to Solactive’s collection of numerous accolades piling up throughout the years, marking it the second time for the company to win the highest decoration for Index providers for reshaping and disrupting the indexing business.

Tradeweb: Record March Trading Volume Across Multiple Asset Classes

Date 03/04/2020

• Average daily volume (ADV) across rates, credit, equities and money markets for Tradeweb Markets was a record $1.002 trillion (tn) in March 2020, an increase of 41.5 percent (%) year over year (YoY). Average daily trades for the month totaled 68,896.
• Markets saw unprecedented volatility during the month, and Tradeweb activity was elevated throughout. On March 3rd, the day of the emergency rate cut by the Federal Reserve, a record $1.5 tn was traded across the Tradeweb platform globally. In addition, new records were set across several products over the month, including European government bonds, interest rates derivatives, credit derivatives, and U.S. and European ETFs. European government bond trading rose 27.3% year-over-year and surpassed ADV of $30 billion (bn) for the first time. Interest rate derivatives trading rose 70.5% YoY to ADV of $319.2 bn, on strong compression trading including record activity in multi-asset packages. Credit volumes showed continued strength despite market conditions as clients utilized a diverse mix of portfolio trading, credit derivatives and electronic processing to move large blocks of risk. ADV in US high-grade credit rose 35.4% YoY to $3.8 bn, representing 12.8% of TRACE volume. ADV in US high-yield credit increased 99.5% YoY to $488 million (mm), representing 3.6% of TRACE volume. ADV in European credit meanwhile rose 12.3% YoY to $1.5 bn. Credit derivatives trading ADV of $47.1 bn was up 148.4% YoY, more than double the previous monthly record. As investors and traders turned to ETFs to transact risk as efficiently and quickly as possible, global ETF activity on Tradeweb increased 225.6% YoY. US ETF volume was up 242.0% YoY to $10.0 bn – with new records in both institutional and wholesale client sectors – and European ETFs was up 190.6% YoY to $4.0 bn. Trading in repurchase agreements increased 32.5% YoY to ADV of $235.4 bn.

SET Group Operates As Usual During Emergency Decree

Date 03/04/2020

Regarding the declaration for Emergency Decree on Public Administration in Emergency Situations B.E. 2548 (2005) effective from today, the Stock Exchange of Thailand (SET) group—SET, Market for Alternative Investment (mai), Thailand Futures Exchange (TFEX), Thailand Clearing House Co., Ltd. (TCH), and Thailand Securities Depository Co., Ltd. (TSD)—will continue to operate as usual following timetable below.

Moscow Exchange:T+2 Trading In GDR On En+ Group Ordinary Shares To Be Halted From 15 April 2020

Date 03/04/2020

Moscow Exchange announces that it intends to cancel the T+2 trading in Citibank N.A. (NYC) Global Depositary Receipts (GDRs) representing interests in En+ Group ordinary shares (ticker ENPL) from 20 April 2020 given that the ordinary shares (ticker ENPG) are traded on MOEX.

UK Chancellor Strengthens Support On Offer For Business As First Government-Backed Loans Reach Firms In Need

Date 03/04/2020

The Chancellor Rishi Sunak is today (Friday 3 April) taking further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies.

BIS: Covid-19, Cash, And The Future Of Payments

Date 03/04/2020

Key takeaways

• The Covid-19 pandemic has fanned public concerns that the coronavirus could be transmitted by cash.
• Scientific evidence suggests that the probability of transmission via banknotes is low when compared
  with other frequently-touched objects, such as credit card terminals or PIN pads.
• To bolster trust in cash, central banks are actively communicating, urging continued acceptance of cash
  and, in some instances, sterilising or quarantining banknotes. Some encourage contactless payments.
• Looking ahead, developments could speed up the shift toward digital payments. This could open a divide
  in access to payments instruments, which could negatively impact unbanked and older consumers. The
  pandemic may amplify calls to defend the role of cash - but also calls for central bank digital currencies.

Moscow Exchange: Risk Parameters Change On Derivatives Market

Date 03/04/2020

CCP NCC sets the following risk parameters on Derivatives market starting from 2:00 pm on April 3, 2020:

SGX’s Securities And Derivatives Markets Will Remain Open

Date 03/04/2020

• International and retail investors will continue to have access to SGX securities and derivatives markets
• CDP services will continue to be available; CDP Customer Service Centre will operate on an appointment-only basis

Japan Financial Services Agency: Preparation For Permanent Cessation Of LIBOR

Date 03/04/2020

Whereas reforming interest rate benchmarks have been developed in Japan and abroad, the possibility that the London Interbank Offered Rate (LIBOR) will be permanently discontinued after the end of 2021 has been increasing. While LIBOR is mainly referenced in derivative contracts such as interest rate swaps, it is also quoted in a significant number of cash products including corporate loans and bonds. Additionally, it is used in wide range of users, including not only financial institutions but also non-financial corporate and institutional investors. In this regard, there is the possibility of disruption to users if LIBOR were ceased without sufficient preparation.