News Centre

SEC Obtains Emergency Order Halting Fraudulent Coin Offering Scheme - Charges “Blockchain Evangelist” Behind Alleged Scam

Date 29/05/2018

The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S.  The court also approved an emergency asset freeze and the appointment of a receiver for Titanium Blockchain Infrastructure Services Inc., the firm behind the alleged scheme.

CFTC Orders X-Change Financial Access LLC To Pay A $150,000 Civil Monetary Penalty For Supervisory And Recordkeeping Failures

Date 29/05/2018

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against X-Change Financial Access LLC (XFA) of Chicago, Illinois, for failure to diligently supervise its employees’ handling of its customer accounts and failure to preserve complete records.  At the time of the conduct charged, XFA was registered with the CFTC as a Futures Commission Merchant and is now registered as an Introducing Broker.

Jeffrey Harris, Chief Economist And Director Of The SEC’s Division Of Economic And Risk Analysis, To Leave The Agency

Date 29/05/2018

The Securities and Exchange Commission today announced that Dr. Jeffrey H. Harris, the Chief Economist and Director of the Division of Economic and Risk Analysis (DERA) and a Professor of Finance at American University’s Kogod School of Business, will leave the agency at the end of May to return to academia full time. 

Wells Fargo Asset Management Expands Multi-Asset Solutions Team - Hires Three Team Members

Date 29/05/2018

Wells Fargo Asset Management (WFAM) announced today that Eddie Cheng has joined the firm as head of International Portfolio Management within the Multi-Asset Solutions team. Cheng reports to Nico Marais, president of WFAM and head of Multi-Asset Solutions, and is based in London.

ESMA: Question And Answers (Q&A) On The Regulation On Short Selling And Certain Aspects Of Credit Default Swaps (SSR)

Date 29/05/2018

The purpose of this document is to promote common, uniform and consistent supervisory approaches and practices in the day-to-day application of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (“Regulation”). It does this by providing responses to questions asked by the public, financial market participants, competent authorities and other stakeholders. The question and answer (Q&A) tool is a practical convergence tool used to promote common supervisory approaches and practices under Article 29(2) of the ESMA Regulation. Further information on ESMA’s Q&A process is available on our website.

Nasdaq President & CEO Adena Friedman To Present at Sandler O’Neill 2018 Global Exchange And Brokerage Conference

Date 29/05/2018

Intercontinental Exchange President Ben Jackson And ICE Data Services’ President And Chief Operating Officer Lynn Martin To Speak At The Eighth Annual Deutsche Bank Global Financial Services Conference On May 30

Date 29/05/2018

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that Ben Jackson, Intercontinental Exchange President, and Lynn Martin, ICE Data Services’ President and Chief Operating Officer will speak at the eighth annual Deutsche Bank Global Financial Services Conference. The presentation will take place on Wednesday, May 30 at 11:55 a.m. ET. The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/. 

CEE Investment Opportunities Presented To US Investors

Date 29/05/2018

• The stock exchanges from Warsaw, Prague and Bucharest met with US investors during the ‘CEE Investor Days’ conference dedicated to promoting their countries’ investment opportunities
• The event highlighted the progress made by the capital markets and showcased top companies listed on the exchanges

Intercontinental Exchange Agrees To Acquire TMC Bonds

Date 29/05/2018

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that it has entered into an agreement to acquire TMC Bonds LLC for $685 million in cash. The transaction is expected to close in the second half of 2018, subject to customary regulatory and anti-trust approvals, and is not expected to materially impact 2018 financial results or capital returns.

Solactive Global Benchmark Series Kicks Off With The Global Developed Markets Large & Mid Cap Equity Index Family

Date 29/05/2018

Solactive has decided to take its benchmark offering to the next level by introducing its proprietary Global Benchmark Series (GBS). The Solactive Global Benchmark Series is one of the largest projects undertaken by the German index provider. Once completed, the GBS will include around 2,000 equity indices, covering developed and emerging markets based on the Solactive Country Classification Framework.