News Centre

Europe’s Role In The Global Financial System - Speech By Luis de Guindos, Vice-President of the ECB, at the SUERF/De Nederlandsche Bank Conference “Forging A New Future Between The UK And The EU”

Date 08/01/2020

It is my pleasure to deliver the keynote speech at this year’s SUERF/DNB conference.

The title of this conference is very apt. Brexit will certainly require a new future to be forged between the United Kingdom and the EU. The United Kingdom’s departure has important implications for the EU financial system, most notably for capital markets. So we need to give serious thought to optimally shaping the future relationship between our financial sectors in the awareness that London, though likely to remain an important global financial centre, will become less integrated with EU markets and firms. We will also need to step up our efforts to further develop the EU’s domestic capacity in capital market activities, so as to avoid a Brexit-induced increase in financial fragmentation, while at the same time ensuring that the United Kingdom and EU Member States do not engage in a race to the bottom on regulation.

Statement On Proposed Order For Creation Of A New Consolidated Market Data Plan For Equity Market Data, SEC Commissioner Allison Herren Lee, Jan. 8, 2020

Date 08/01/2020

I want to start by thanking Chairman Clayton, Director Redfearn, and our dedicated staff for their work over the past couple of years to address some of the more complex and conflicted areas of equity market structure such as the transaction fee pilot, order handling disclosure reforms, and the regulation of alternative trading systems. I’m grateful for this work and the continued focus on these issues, including today’s proposal.

Tradeweb Reports Another Rise In Year-Over-Year Trading Activity In December 2019

Date 08/01/2020

• Average daily volume (ADV) across rates, credit, equities and money markets for Tradeweb Markets was $652.0 billion (bn) in December 2019, an increase of 5.9 percent (%) year over year (YoY). Average daily trades for the month totaled 48,978.
• Trading remained strong as the year drew to a close. Global credit trading recorded solid growth due in part to contributions from portfolio trading, all-to-all trading, and session-based trading. ADV in U.S. high-grade credit rose 75.0% YoY to $3.0 bn, representing a record 17.2% of TRACE volume with fully-electronic trading activity accounting for a record 8.4% of TRACE. ADV in U.S. high-yield credit increased 62.9% to $340 million (mm), representing a record 4.8% of TRACE volume with fully-electronic trading activity accounting for a record 2.8% of TRACE. In similar regards, ADV in European credit rose 16.2% YoY to $1.0 bn. Mortgage volume increased 12.8% YoY to ADV of $148.3 bn during the month. Trading in repurchase agreements rose 21.1% YoY to $202.4 bn. Activity in European ETFs rose 24.3% YoY to $1.7 bn.

Nigerian Stock Exchange CEO Set To Review 2019 Market Performance And Give Outlook For 2020

Date 08/01/2020

The Nigerian Stock Exchange (NSE) will hold its annual 2019 Market Recap & 2020 Outlook on Monday, 13 January 2020 at the Stock Exchange House, Marina, Lagos.

Statement at the Open Meeting Considering a Proposed Commission Order Addressing Equity Market Data Plans By SEC Commissioner Elad L. Roisman

Date 08/01/2020

Today, the Commission considers steps to change the governance of equity market data plans under Regulation National Market System (“NMS”) (the “Proposed Order”). The Proposed Order seeks to modernize governance of the Securities Information Processors, or “SIPs,” by providing a proposed framework for how the Commission preliminarily believes governance should be conducted in a new consolidated equity market data NMS plan.

risQ And Intercontinental Exchange Announce Collaboration To Bring Climate Risk Analytics To The Municipal Bond Ecosystem - New Tool For Measuring Climate Risk In Municipal Bonds Emerges From Stealth

Date 08/01/2020

risQ, Inc., a Boston headquartered start-up focused on best-in-class climate risk analytics, today announced a relationship with Intercontinental Exchange (NYSE:ICE) to help enable the municipal bond ecosystem to incorporate climate risk into project and investment decisions.

Statement On Reforming Stock Exchange Governance By SEC Commissioner Robert J. Jackson Jr.

Date 08/01/2020

Thank you as always to our dedicated Staff, especially Christian Sabella, David Shillman, Deborah Flynn, John Roeser, and Jennifer Colihan, for their extensive work on today’s proposed order. I’m also deeply grateful to Division Director Brett Redfearn, whose leadership in this area—and so many others—continues to reflect the very best in public service.

Commodities Dip Slightly On Gas Price Volatility - European Gas Prices Plummet On Pipeline Deal, Before US-Iran Tensions Boil Over At The Week's End, William May, Senior Economist, IHS Markit

Date 08/01/2020

Having risen for six consecutive weeks, the IHS Markit Materials Price Index (MPI) fell 0.3% last week, primarily because of a massive drop in European gas prices. The US killing of Iranian General Qasem Soleimani shook markets on Friday as possible fall-out was digested, with oil and gold prices both moving higher on the news.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 08/01/2020

CCP NCC sets the following risk parameters on Securities market starting from January 9, 2020:

Statement On Proposed Order To Modernize The Governance Structure Of National Market System Plans For Equity Market Data By SEC Chairman Jay Clayton

Date 08/01/2020

Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission on January 8, 2020, under the Government in the Sunshine Act.  The Commission today will consider a staff recommendation to issue for public comment a Proposed Order that would require self-regulatory organizations to propose a new national market system plan to govern the public dissemination of real-time, consolidated market data for NMS stocks.