News Centre

Federal Bank Regulatory Agencies Modify Liquidity Coverage Ratio For Banks Participating In Money Market Mutual Fund Liquidity Facility And Paycheck Protection Program Liquidity Facility

Date 05/05/2020

To support the flow of credit to households and businesses, the federal bank regulatory agencies today announced an interim final rule that modifies the agencies' Liquidity Coverage Ratio (LCR) rule to support banking organizations' participation in the Federal Reserve's Money Market Mutual Fund Liquidity Facility and the Paycheck Protection Program Liquidity Facility.

BOX Exchange Update: Adding Quote Timestamp Field To SAIL Protocol

Date 05/05/2020

BOX Exchange (“BOX”) recently distributed RC-2020-03 which detailed the updates BOX is making to its SAIL Protocol. The new field will allow BOX to report timestamps to the CAT that are related to quote data on behalf of Market Makers. All BOX Market Makers will be required to support the new field.

SEC Commemorates Teacher Appreciation Week, Highlights Ongoing Commitment To Serving Teachers

Date 05/05/2020

The Securities and Exchange Commission announced that it is premiering new multimedia resources to support teachers in connection with Teacher Appreciation Week. This content builds on the Commission’s longstanding efforts to serve teachers in both their capacities—as educators and investors. The protection of our teacher-investors is front of mind at the Commission.

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.