News Centre

CryptoUK Calls On New Chancellor To Open The UK To Crypto Innovation

Date 25/07/2019

CryptoUK, the self-regulatory trade body for the cryptoasset sector in the UK, has written to the new Chancellor of the Exchequer, calling on the new government to prioritise the crypto industry as part of its ambitions to become a global fintech hub.

The World Federation Of Exchanges Issues Position Paper On Importance Of Valuing Stock Market Data Correctly

Date 25/07/2019

The World Federation of Exchanges ("WFE"), the global industry group for exchanges and CCPs, has today issued an update on the importance of valuing stock market data correctly. This expands the federation’s January 2019 statement where the WFE discussed some of the reasons why such data has economic value to some market participants. The WFE sets out the key questions and considerations within the framework of the current policy debate for a coherent approach to pricing.

SEC Regulation Best Interest: The Competition For Fiduciary Oversight - Aite Group’s Latest Report Explores New Regulation Introduced By The SEC That Is Designed To Enhance Investor Protection.

Date 25/07/2019

SEC Regulation Best Interest: The Competition for Fiduciary Oversight, the most recent Aite Group report, examines the implications from a new rule introduced by the U.S. Securities and Exchange Commission (SEC) supporting client best interest. Competing interests of many industry incumbents are at odds. At the center of the debate is whether broker-dealers should be held to a uniform fiduciary standard in line with registered investment advisors. With many states looking to enhance investor protection, the regulation will continue to fuel an ongoing debate centered on the scope of best interest.

Corrected: FIA Releases Half-Year Data On Futures And Options Volume Trends: Total Volume Up 19.7% Over First Half Of 2018

Date 25/07/2019

FIA today released its half-year 2019 report on trading activity in the global exchange-traded derivatives market.

Isabelle Girolami Appointed CEO, LCH Ltd

Date 25/07/2019

• Isabelle Girolami to join LCH as CEO, LCH Ltd from 1 November, 2019
• Responsible for driving continued growth, innovation and operational excellence across LCH Ltd

UK Financial Conduct Authority: Further Details Of Independent Investigation Into London Capital And Finance Announced

Date 25/07/2019

Dame Elizabeth Gloster, has made a first announcement of how she will conduct the investigation into the relevant events relating to the regulation of London Capital & Finance plc.

CME Group To Launch Black Sea Sunflower Oil Financially Settled (Platts) Futures

Date 25/07/2019

CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of Black Sea Sunflower Oil Financially Settled (Platts) futures (based on Sunflower Oil FOB Black Sea Ukraine), to begin trading on August 26, 2019, pending all relevant regulatory review periods.

Hazeltree Hires Collateral Management Expert To Support Expanded Clients’ Demand

Date 25/07/2019

Hazeltree, the leading provider of integrated buy-side treasury management and portfolio finance solutions, today announced the expansion of its product team with Joseph Spiro as a Director of Product Management. Mr. Spiro will focus on extending the capabilities of Hazeltree Collateral Management™ with specific focus on the Uncleared Margin Rules and Standard Initial Margin Model (UMR and SIMM) mandates.

Mr. Spiro has been a part of the derivatives industry for over 20 years, specializing in derivatives collateral management. Prior to joining Hazeltree, Mr. Spiro held senior Product and Operations Management roles at Societe Generale, BNY Mellon, Deutsche Bank and Bank of America Merrill Lynch. Mr. Spiro has been a member of the SIFMA AMG Derivative Ops Committee, as well as the ISDA Collateral Infrastructure Working Group, and has been a contributor to ISDA publications in the field of collateral management. 

“With the final phases of the uncleared margin rules coming into effect in the coming years, our team has been dedicated to helping our clients with their operational and technological needs,” said Paul Calderone, Chief Operating Officer of Hazeltree.  "Joe's specific experience with derivatives collateral management makes him an invaluable addition to our team."  

Hazeltree is transforming the way treasury teams are operating by efficiently optimizing treasury functions to realize cost savings and create incremental alpha. Hazeltree has been expanding to support customer growth. Over the past year, Hazeltree has increased its headcount by almost 40% globally.

“I am very excited to be joining Hazeltree during these changing times of our industry and look forward to supporting the increasing demands for Hazeltree’s solutions,” noted Mr. Spiro. “I am eager to work with the team as we continue Hazeltree’s journey.”

EGX Reviewing The Proposal From AfDB For Listing AFMI Bloomberg African Bond Index (ABABI) On Its Platform

Date 25/07/2019

Mohamed Farid, EGX Chairman, expressed his interest on listing new products in the Egyptian Market attracting new investors as long it is compatible with the Egyptian rules.

LME Opens Consultation On Warehouse Reform Proposals

Date 25/07/2019

The London Metal Exchange (LME) is today launching a consultation process on a package of proposed measures designed to ensure that the LME warehousing network continues to provide best practice storage for the global metals industry.