News Centre

Copper Covers 96% Of The Crypto Market After Walled Garden Expansion

Date 27/11/2019

Copper, the London-based custodian for digital assets, has expanded its Walled Garden infrastructure and is now connected to the top 15 exchanges – including: Coinbase,  Deribit, OKEx, Bitstamp, Bitfinex, Huobi, Binance, Bitmex, Kraken, Bittrex and HitBTC. This gives Copper’s institutional customers access to a larger liquidity pool as the company’s trade and settlement volumes continue to increase 50% month-on-month.

SGX Enhances Securities Borrowing And Lending Programme With Introduction Of Variable Rates

Date 27/11/2019

• Fixed rates to be replaced with competitive variable rates for over 450 securities

Revised Lists Of The Moscow Exchange Indices Announced

Date 27/11/2019

Today Moscow Exchange announced the results of the quarterly review for MOEX indices. All changes were made upon recommendations from the Index Committee and will be implemented from 20 December 2019. The Exchange has also set free floats for a number of companies.

SGX Welcomes ADM Investor Services Singapore As Derivatives Trading And Clearing Member

Date 27/11/2019

Singapore Exchange (SGX) welcomes ADM Investor Services Singapore (ADMIS SG) as a Trading and Clearing Member of its derivatives market. 

Statement On Proposed Rules On Funds' Use Of Derivatives, SEC Commissioner Robert J. Jackson Jr., SEC Commissioner Allison Herren Lee, Nov. 26, 2019

Date 26/11/2019

Yesterday the Commission proposed rules on funds’ use of derivatives to obtain leverage. Appropriate use of derivatives can produce benefits for investors, like better risk-adjusted returns or more efficient exposure to certain asset classes. But that same leverage also presents serious risks, magnifying losses for investors in times of turbulence. And the Commission’s historically piecemeal approach to these issues is insufficient given the growth in funds’ use of derivatives over the past several decades.

OCC: Moving Clearing, Data, And Risk Applications To The Cloud - By David Hoag, OCC Chief Information Officer And Mark Morrison, OCC Chief Information Security Officer, November 26, 2019

Date 26/11/2019

In January, OCC announced the launch of our Renaissance Initiative, a multi-year, $100 million-plus initiative to comprehensively redevelop and modernize our technology infrastructure, including risk management, clearing and data systems. When this work is completed, OCC will achieve enhanced resiliency, an improved security and compliance posture, and more effective and efficient operations. It also will allow OCC to function as a more nimble organization, delivering business capabilities to better serve the users of the U.S. equity derivatives market.

NYSE Group Consolidated Short Interest Report

Date 26/11/2019

NYSE today reported short interest as of the close of business on the settlement date of November 15, 2019.

SEC Revokes Registration Of Adviser Engaged In $60 Million Fraud

Date 26/11/2019

The Securities and Exchange Commission today revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least $60 million in fake loan assets to clients.

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date November 15, 2019

Date 26/11/2019

At the end of the settlement date of November 15, 2019, short interest in 2,391 Nasdaq Global Market^SM securities totaled 8,223,360,638 shares compared with 8,255,893,816 shares in 2,376 Global Market issues reported for the prior settlement date of October 31, 2019. The mid-November short interest represents 4.45 compared with 5.27 days for the prior reporting period.

Statement On The Re-Proposal To Regulate Funds' Use Of Derivatives As Well As Certain Sales Practices: SEC Commissioner Hester M. Peirce, SEC Commissioner Elad L. Roisman, Nov. 26, 2019

Date 26/11/2019

We thank the staff of the Division of Investment Management (the “Division”) for undertaking the challenging task of devising and presenting for Commission vote a proposal to modernize the way we regulate the use of derivatives in investment funds’ portfolios. Derivatives are essential financial tools in today’s markets. They enable portfolio managers of registered investment companies and business development companies (“funds”) to manage and hedge risk, enhance portfolio liquidity, efficiently gain or reduce exposure to certain asset classes, reduce transaction costs, reduce volatility, increase yield, and otherwise assist in portfolio management. If funds were prohibited from using derivatives, investors would incur higher costs and greater risks for the same market exposure.