News Centre

Short Sellers Borrow $455m Worth Of LYFT Shares Following IPO: Analysis By Sam Pierson, Director Of Securities Finance, IHS Markit

Date 03/04/2019

Shares of ride-hailing service Lyft, Inc closed Tuesday 4% below their IPO price of $72, however that belies the volatility of the first three days of trading. The shares opened above $87 on Friday, the first day of trading, so yesterday’s close reflects a  26% decline from the intraday peak.

Intercontinental Exchange Reports March Statistics

Date 03/04/2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today reported March trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at http://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

EEX To Introduce New Suite Of Commodity Products In Power, Freight And Emissions Derivatives

Date 03/04/2019

On 3 June 2019, the European Energy Exchange (EEX) will expand its product range on the derivatives market with new power futures, freight futures and options as well as further maturities in emissions options. Clearing and settlement of the new products and maturities will be carried out by European Commodity Clearing (ECC).

Solactive MicroSectors™ U.S. Big Bank Index launches, Underlying New MicroSectors ETNs

Date 03/04/2019

Solactive is pleased to announce the Solactive MicroSectors™ U.S. Big Bank Index. The Index premiers as Solactive’s first joint collaboration with US company REX Shares, functions as the underlying for a series of long & short ETNs for sophisticated investors, and is linked only to the biggest U.S. banks. With respect to conventional sector classification, the equal-weighted index captures the ten largest securities according to free-float market capitalization from the U.S. banking sector, giving investors direct exposure to system-relevant financial companies.

R.J. O’Brien Appoints Heather J. Rucci Managing Director, Human Resources

Date 03/04/2019

Chicago-based R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced that Heather J. Rucci has just joined the firm as Managing Director, Human Resources.  Rucci has two decades of human resources (HR) experience, including as an HR executive at a premier global investment manager.

Proprietary Phonetic Fingerprint Technology To Fight Money Laundering Launches In The UK

Date 03/04/2019

• FinCom.Co enters UK market with a place on London Stock Exchange Groups Issuer Services Marketplace.
• World’s first fully automated Anti-Money Laundering (AML) technology ensures compliance with regulations and comprehensively searches sanction databases across 25 languages.
• Provides real-time results and reduces false-positive results by 90 per cent, while boosting AML efficiencies.

BSE, India INX Becomes The First Indian Exchanges To Sign An MoU With Moscow Exchange

Date 03/04/2019

Collaborates together to assist in the maintenance of orderly securities markets in India and RussiaMumbai,XX: BSE, India’s premier exchange and the world’s fastest Stock Exchange with a speed of 6 microseconds and The India International Exchange (IFSC) Limited (India INX), India’s first international exchange based in the International Financial Services Centre (IFSC) , has signed a memorandum of understanding (MoU) with Moscow Exchange (MOEX) with an aim of connecting the investors’ community and companies in both countries and allowing a capital formation platform on a larger scale. BSE and India INX are the first Indian Exchanges to enter into the MoU with Moscow exchange.The memorandum of understanding has been signed between the parties on April 3, 2019 in Moscow. The signing ceremony with Shri Ashishkumar Chauhan, MD & CEO, BSE, and Alexander Afanasiev, CEO of MOEX, took place as part of the annual Exchange Forum in Moscow. Speaking on the occasion Shri Ashishkumar Chauhan, MD & CEO, BSE, said "BSE, India Inx and MOEX are collaborating together to facilitate the development of channels of communication. We strongly believe together we would foster a continuing relationship for the benefit of the financial services industry in India and in Russia".

SET Market Report For March 2019

Date 03/04/2019

The Stock Exchange of Thailand (SET) Index at the end of March rose 4.8 percent from end-2018 to 1,638.65 points, in tandem with other Asian bourses. The average daily trading value of SET and Market for Alternative Investment (mai) in March amounted to THB 41.83 billion (approx. USD 1.31 billion), down 10.5 percent from the previous month. Local institutional and retail investors were the net buyers in March.

LYFT Me Up! For The First Time, BCS Global Markets Allows Russian Investors To Invest In U.S. Unicorn - BCS Global Markets Clients Were Able To Participate In LYFT’s IPO, Which Was Valued At $21 Billion

Date 03/04/2019

Initial Public Offering (IPO) of LYFT, a U.S. ride-sharing service, is the first major debut placement of a unicorn company (capitalization over USD 1 bn) this year, with a market capitalization at $21 billion.

Systematic Investment Management AG (SIMAG) Selects TORA’s Integrated Trading And Portfolio Management System - TORA Gains Further Traction In Europe As SIMAG Investment Funds Seeks More Enhanced Straight-Through Processing Between Trading And Portfolio Management Functions

Date 03/04/2019

Institutional trading and portfolio management systems provider TORA has today announced the successful implementation of its Order and Execution Management System (OEMS) and Portfolio Management System (PMS) at Systematic Investment Management AG (SIMAG) based in Zurich.