News Centre

ANNA Establishes New Benchmarks Task Force - Inviting Participation From Global Benchmark Administrators To Collaborate On The Use Of ISINs For Identification Of Referential Instruments

Date 17/10/2018

The Association of National Numbering Agencies (ANNA), the organisation whose members are responsible for assigning ISIN, FISN & CFI codes, today announced a new Benchmarks Task Force to aid in understanding and developing the process for obtaining ISINs for referential instruments in particular, indices and reference rates.

LHV Selects Form3 To Become A Member Of UK Faster Payments

Date 17/10/2018

Form3, the cloud technology provider of Payments-as-a-Service for banks and regulated fintechs, today announced that fintech focused LHV Bank has selected Form3 to provide a fully managed service connecting the bank directly to the UK Faster Payments infrastructure. LHV will join the scheme as a Directly Connected Participant (Member) in 2019.

Dalian Commodity Exchange: OTC Market Serves Entity Enterprises, 20,000t Transaction Completed In Iron Ore Futures Warehouse Receipt Service

Date 17/10/2018

On October 9, Shanxi Ximei Production Co., Ltd. (“Shanxi Ximei” for short), via Chang’an Futures, and Shandong Huaxin Industry & Trade Co., Ltd. (“Shandong Huaxin” for short), via Galaxy Futures, respectively completed the settlement and payment transfer for the iron ore warehouse receipt of 20,000 tonnes on the Comprehensive Business Platform of Dalian Commodity Exchange (DCE).

SEC Provides Regulatory Relief And Assistance For Hurricane Victims

Date 16/10/2018

The Securities and Exchange Commission today announced that it is providing regulatory relief to publicly traded companies, investment companies, accountants, transfer agents, municipal advisors, and others affected by Hurricane Michael.  The loss of property, power, transportation, and mail delivery due to the hurricane poses challenges for some individuals and entities that are required to provide information to the SEC and shareholders.  

SIFMA: SEC Overturns Previous Ruling In Market Data Fees Case, Finds In Favor Of Plaintiffs

Date 16/10/2018

SIFMA released the following statement today from SIFMA Managing Director and Associate General Counsel Melissa MacGregor on a decision in favor of the industry by the Securities and Exchange Commission (SEC) regarding a legal challenge to market data fee increases by the exchanges:

“This pragmatic ruling by the SEC indicates increasing recognition by policymakers that the fee structure for proprietary market data products is broken. As noted in the unanimous decision, ‘the exchanges fail to meet their burden to demonstrate that the fees are fair and reasonable and not unreasonably discriminatory’ as required under current law. Today’s decision should prompt further examination of policy reforms to ensure the efficiency of public market data feeds and fairness of fees.”

Joint Statement On The Application Of SIFMA For Review Of Action Taken By NYSE Arca, Inc., And NASDAQ Stock Market LLC, SEC Commissioner Hester M. Peirce, SEC Commissioner Elad L. Roisman, Oct. 16, 2018

Date 16/10/2018

Today, the Commission held that neither NYSE Arca, Inc. (“Arca”) nor Nasdaq Stock Market LLC (“Nasdaq”) had met its burden to show that the fees, filed in 2010 for ArcaBook and Level 2 (together, the “products”) and subsequently challenged by SIFMA, were fair and reasonable under the Securities and Exchange Act of 1934.

Statement On Market Data Fees And Market Structure, SEC Chairman Jay Clayton[1], Oct. 16, 2018

Date 16/10/2018

Today, the Commission took two actions with respect to the regulation of market data fees – i.e., the fees our regulated exchanges charge market participants for market data.[2]  These matters involve issues of law and fact, and by their very nature – challenges to fee amounts – are contentious.  Fee disputes of this type also can be complex, including because today's trading activity is itself complex and data driven. 

Speech By UK's Chancellor Of The Exchequer, Philip Hammond MP, At The Annual Investment Association Dinner

Date 16/10/2018

And of course - the immediate key to maintaining this ecosystem – is ensuring we get a good Brexit deal – and protecting markets from uncertainty during transition.

Remarks At The IDC - 2018 Fund Directors Conference, Dalia Blass, Director, SEC Division Of Investment Management, Chicago, IL, Oct. 16, 2018

Date 16/10/2018

Introduction

Good morning. Thank you, Amy [Lancellotta], for that kind introduction, and thank you for inviting me to join you this morning.

Early in my tenure as Director, the Division launched its Board Outreach Initiative. Through this initiative, we have had the opportunity to meet and engage in an informative dialogue with a number of fund boards and independent directors over the last year. I appreciate the opportunity to continue the dialogue with all of you at this conference. Since 1940, you have been entrusted to oversee key aspects of fund management on behalf of shareholders. The service you provide is more important than ever as funds now play a central role in the financial lives of many Americans. Today, over 100 million individuals representing nearly 60 million households own funds — that’s 45 percent of U.S. households. Over the last two decades, assets in mutual funds have grown from around $4.5 trillion to over $19 trillion, a growth of over 330 percent. During that same time period, ETF assets grew from $6.7 billion to over $3.6 trillion. This growth represents the earnings and investments of millions of Americans, who are saving for retirement, college tuition and other goals.

tZERO Issues Preferred tZERO Security Tokens - Blockchain Pioneer Completes Another Capital Markets Milestone

Date 16/10/2018

tZERO, the global leader in blockchain innovation for capital markets, today announced it has completed the issuance of preferred tZERO security tokens. Tokens were issued to investors who had fully funded signed agreements for future equity (SAFEs) prior to the August 6, 2018 close of the company’s Security Token Offering (STO). tZERO raised $134 million from over 1,000 global investors during its STO.