News Centre

Sweden's Finansinspektionen: Avanza Pension Receives Warning And Administrative Fine

Date 20/02/2019

FI is issuing Avanza Pension a warning for insufficient management of technical provisions and reporting. Avanza Pension must also pay an administrative fine of SEK 35 million. 

ASIC Concludes HSBC’s Enforceable Undertaking

Date 20/02/2019

ASIC has finalised its monitoring of HSBC Bank Australia Limited’s (HSBC) compliance with the court enforceable undertaking (EU) entered into by HSBC on 13 May 2016 (refer 16-145MR).

MIAX Options: Removal Of Settlement Auction Only (SAO) Orders From Certain Exchange Risk Protections

Date 19/02/2019

MIAX Options is amending MIAX Option Rule 519, MIAX Order Monitor, to remove Settlement Auction Only (SAO) Orders from certain risk protections provided by the MIAX Order Monitor and the Risk Protection Monitor, beginning February 19, 2019.

Smart Investor Tool Launched To Help Kiwis Get Ahead Financially

Date 19/02/2019

A new online tool called Smart Investor enables Kiwis to search and compare New Zealand investments such as KiwiSaver, shares, bonds and other types of managed products for the first time.

MIAX Options: Implementation Of Liquidity Exposure Process (LEP) For Over-Sized Orders In Proprietary Products

Date 19/02/2019

MIAX Options is implementing a new Liquidity Exposure Process (LEP) for over-sized orders in Proprietary Products. Interest in Proprietary Products that would be posted, managed, or that would trade at a price more aggressive than the order’s protected price will be subject to the LEP for over-sized orders.

Intercontinental Exchange Chief Financial Officer Scott Hill To Present At The Raymond James 40th Annual Institutional Investors Conference On March 4, 2019

Date 19/02/2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that Scott Hill, ICE’s Chief Financial Officer, plans to present at the Raymond James 40th Annual Institutional Investors Conference. The presentation will take place on Monday, March 4 at 10:25 a.m. EST. The presentation will be available live and in replay via webcast and can be accessed in the Investors section of ICE’s website at www.theice.com. 

MIAX Options Regulatory: Options On The SPIKES Index

Date 19/02/2019

On October 12, 2018, the Securities and Exchange Commission (“SEC”) approved the Exchange’s proposal to list and trade on the Exchange options on the SPIKES™ Index (“SPIKES” or the “Index”), a new index that measures expected 30-day volatility of the SPDR S&P 500 ETF Trust (commonly referred to by its ticker symbol, “SPY”).  The listing and trading of options on SPIKES commenced on February 19, 2019.  Options on SPIKES will be cash-settled, and will have European-style exercise provisions.  The Index is calculated using published real-time prices of SPY options.

MIAX Exchanges: Amendment To Exchange Rule 403, Withdrawal Of Approval Of Underlying Securities

Date 19/02/2019

The MIAX Exchanges have amended rules which allow the Exchanges to delist an option class if it is open for trading on another national securities exchange, and to not open for trading or restrict securities with open interest to closing transactions, if it is open for trading solely on the Exchange.

CFTC Commitments Of Traders Reports Update

Date 19/02/2019

The current reports for the week of February 19, 2019 are now available.

Changes To MIAX Option Rules 518, Complex Orders

Date 19/02/2019

MIAX Options has made the following changes to Rule 518, Complex Orders:

• MIAX Options is implementing a Complex Liquidity Exposure Process (cLEP) for complex orders and complex eQuotes that would violate their Complex MIAX Price Collar (“MPC”) price. See MIAX Options Regulatory Circular 2019-10 for further details.

• The Exchange is eliminating the Defined Time Period which is the time period allowing a single-sided Complex Auction to begin at any time prior to the end of the trading session. Also, the end of the trading session will serve as the end of the Response Time Interval for a single-sided Complex Auction still in progress. See MIAX Options Regulatory Circular 2019-11 for further details.