News Centre

Enhanced DIFC Data Protection Law Comes Into Effect On 1 July 2020 - The New Law Keeps Dubai And DIFC At The Forefront Of Data Protection In The Region

Date 30/06/2020

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region will implement the new Data Protection Law No. 5 of 2020 from 1 July 2020. The law places Dubai and DIFC at the forefront of data protection in the region, enabling the financial hub to enhance the Centre’s data protection practices related to global data, security and privacy best practice.

BIS: Annual Economic Report 2020

Date 30/06/2020

The past year has felt like an eternity. It is probably too early to tell, but future economic historians might consider the Covid-19 pandemic a defining moment of the 21st century. When, just over a decade ago, the Great Financial Crisis (GFC) hit the global economy, it was rightly considered such a moment. The pandemic’s legacy could be even deeper and longer-lasting.

Nigerian Stock Exchange Reviews And Amends Pension Index

Date 30/06/2020

The Nigerian Stock Exchange (NSE) is pleased to announce that it has reviewed the eligibility criteria for the NSE Pension Index (“The Index”) in line with changes in the regulatory and market requirements. The amended methodology and rebalancing will be effective on Wednesday July 1, 2020.

BIS: Central Banks A Stabilising Force In Response To Unprecedented Crisis

Date 30/06/2020

• Central banks played a crucial role together with fiscal and prudential authorities in a concerted response to the Covid-19 crisis.
• The lender of last resort role of central banks has evolved as they sought to mitigate the blow to the economy.
• As the crisis transitions from a liquidity phase to a solvency one, governments must take the lead to promote a strong and sustainable recovery.

MIAX Exchange Group - Options Markets - Update For Option Classes To Be Added To The Penny Interval Program Beginning Wednesday, July 1, 2020

Date 30/06/2020

As previously announced in our June 29, 2020 Alert, following the expiration of the Penny Pilot Program on Tuesday, June 30, 2020, the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will implement the Penny Interval Program effective for trading Wednesday, July 1, 2020.  Please note: Chesapeake Energy Corp. (CHK) has been removed from the list of Penny Interval Options and ZScaler, Inc. (ZS) has been added to the list. 

BIS Innovation Hub To Expand To New Locations In Europe And North America

Date 30/06/2020

• BIS Innovation Hub to extend global reach with four new centres over next two years in collaboration with central banks.
• New locations in Toronto, London, Frankfurt & Paris and Stockholm; strategic partnership in New York.
• Expansion will allow Innovation Hub to spur central bank work across multiple fintech pillars.

OCC Names Jennifer Baum As New Chief Compliance Officer

Date 30/06/2020

OCC, the world’s largest equity derivatives clearing organization, today announced the promotion of Jennifer Baum, currently First Vice President, Regulatory Compliance, to Senior Vice President and Chief Compliance Officer. Baum will replace Joe Adamczyk, who has left OCC to pursue another opportunity. She will serve as a member of OCC’s Management Committee.

EMIR 2.2: EACH Publishes Its Proposals For A Robust And Efficient Process For CCP Risk Model Changes And Validations Under EMIR Article 49

Date 30/06/2020

Cognisant of their relevance for financial stability, CCPs continuously work to ensure their risk management frameworks are robust and up-to-date. In particular, CCPs implement and maintain dedicated model risk frameworks to govern the life-cycle of the models and methodologies used to assess risk. The EMIR 2.2 legislation includes important alterations to the way CCPs manage their models and parameters are introduced under EMIR Article 49.

TraderEvolution Is Now Officially Enabling Access To All Equities And Derivatives Traded On Borsa Istanbul

Date 30/06/2020

The company’s latest achievement underscores the multi-market capabilities of its software

Itiviti’s Tbricks Automated Trading Solution Recognized As Best Trading Solution For Listed Securities (Equities/Derivatives)

Date 30/06/2020

Itiviti, a leading technology, and service provider to financial institutions worldwide, today announced the Tbricks automated trading solution has won ‘‘Best Trading Solution for Listed Securities (Equities/Derivatives)” at the prestigious TradingTech Insight USA Awards. The awards recognize excellence in trading solutions and services for capital markets and focus on vendors and consultancies providing exceptional trading infrastructure, technology applications, and market data solutions.