News Centre

ISDA Issues RFQ To Provide Front-End User Platform

Date 30/06/2020

ISDA has today issued a request for quotations (RFQ) from qualified parties to provide a front-end user platform to support ISDA’s new suite of digital documentation.

Eileen Murray Elected Chairperson Of FINRA Board Of Governors - Maureen Jensen And Eric Noll Appointed As New Public Governors

Date 30/06/2020

The FINRA Board of Governors has unanimously elected Eileen Murray, former Co-CEO of Bridgewater Associates, LP, as Chairperson effective at FINRA’s Annual Meeting in August. In addition, Maureen Jensen, former Chair and CEO of the Ontario Securities Commission (OSC), and Eric Noll, CEO of Context Capital Partners, have been appointed to the FINRA Board as public governors, also effective at the August Annual Meeting.

Supreme Court Denies Defendants’ Challenge To CFTC’s Enforcement Authority

Date 30/06/2020

On Monday, June 29, 2020 the U.S. Supreme Court denied a petition for a writ of certiorari by the defendants in the CFTC’s anti-fraud enforcement action against Monex Deposit Company and its affiliated companies and principals. The defendants’ petition challenged the CFTC’s authority to bring enforcement cases against alleged fraud, an argument rejected last year by the U.S. Court of Appeals for the Ninth Circuit. [See CFTC Press Release No. 7984-19] The CFTC enforcement action, filed in 2017, charged the defendants with defrauding thousands of retail customers out of hundreds of millions of dollars, while executing thousands of illegal, off-exchange leveraged commodity transactions. [See CFTC Press Release No. 7609-17]

MIAX Options And MIAX PEARL Options - Reminder For Additional MEI And MEO Limited Service Ports

Date 30/06/2020

As previously announced in the May 28, 2020 Alert, the MIAX Options and MIAX PEARL Options Exchanges will offer Market Makers the ability to purchase an additional two (2) Limited Service MIAX Express Interface (MEI) and MIAX Express Order (MEO) Ports per matching engine.  The two additional Limited Service Ports will be available on July 2, 2020, in conjunction with the two additional shared segment ULL switches which were previously announced in the May 19, 2020 Alert and June 17, 2020 Alert.  These will be over and above the current six (6) additional Limited Service MEI/MEO Ports per matching engine that are currently available for purchase by Market Makers.  Market Makers will now be limited to purchasing eight (8) additional Limited Service MEI/MEO Ports per matching engine, for a maximum of ten (10) per matching engine. 

Market For Underlying Security Used For Openings On MIAX Options, MIAX PEARL And MIAX Emerald For Newly Listed Option Classes Effective Wednesday, July 1, 2020

Date 30/06/2020

Please refer to the Regulatory Circulars listed below for newly added symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges. The newly listed symbols will be available for trading beginning Wednesday, July 1, 2020.

Canadian Securities Regulators Release Interim Report On The CSA 2019-2022 Business Plan

Date 30/06/2020

The Canadian Securities Administrators (CSA) today released an interim progress report on initiatives published in its CSA 2019-2022 Business Plan, which sets out the priorities of its members over the course of the next three-year period. The progress report provides an update to Canadian investors and market participants on work set out by CSA members in June of last year, highlights achievements outside of the Business Plan, and outlines upcoming policy initiatives.

Switzerland And UK To Negotiate A Bilateral Financial Services Agreement

Date 30/06/2020

Cross-border financial services trade between the UK and Switzerland is set to become easier, thanks to a commitment signed today (30 June) by the Chancellor of the Exchequer and his Swiss counterpart.

Finansinspektionen: ESRB Recommendation On Distribution

Date 30/06/2020

The COVID-19 pandemic has incurred large human and economic costs and also affected the financial sector. Maintaining own funds in financial institutions is important both for ensuring the resilience of the financial system and supporting banks' lending through this crisis.

Speech By UK Chancellor Of The Exchequer, Rishi Sunak, On The UK And Switzerland’s Commitment To Develop A Mutual Recognition Agreement On Financial Services

Date 30/06/2020

Good afternoon – great to see you all.

For me, today’s announcement is about a vision of the global economy built on openness, free trade and cooperation; a vision grounded in the values of the past but also unafraid to innovate, to move forward.

Finansinspektionen: New Reporting System For Short Selling

Date 30/06/2020

In the autumn of 2020, Finansinspektionen will introduce a new reporting system for the reporting of net short positions: the Short Selling Online Reporting tool.