News Centre

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues Extension Of Time-Limited No-Action Relief For Swap Dealers Doing Business In Europe

Date 18/04/2017

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an extension of the time-limited no-action relief provided in CFTC Staff Letter 17-05 from May 8, 2017 until November 7, 2017. The relief extended today states that DSIO will not recommend an enforcement action against a swap dealer (SD) that is subject to, and in compliance with, the margin requirements for non-centrally cleared OTC derivatives in the European Union (EMIR RTS) for failure to comply with the CFTC’s final margin rule (Final Margin Rule).

PEGAS Futures Migration To T7 Back-End In September 2017

Date 18/04/2017

The Powernext back-end will switch from the Trayport Exchange Trading System (ETS) to the Deutsche Börse trading system T7 in the course of September 2017, pending regulatory approval. This change will only concern the Futures segments of PEGAS (Regulated Market and non-MTF), the Spot segment remaining listed on the Trayport back-end. Traders will still be able to use their existing Trayport front-end for all PEGAS products.

As EU Puts The Kybosh On LSEG/DBAG Merger, FTSE Mondo Visione Exchanges Index Increases By 6.5 Per Cent In Q1 2017 - Index Closed Up 1.4 Per Cent In March - Continues To Outperform FTSE All-World Index

Date 18/04/2017

On 29 March 2017, the day that the United Kingdom triggered Article 50, formally beginning the Brexit negotiations, the European Commission blocked the proposed merger between Deutsche Boerse AG and London Stock Exchange Group.

New York Attorney General Eric T. Schneiderman To Trump Administration: Don’t Kill Investor Protections For Americans Saving For Retirement - In Letter To Department Of Labor, Schneiderman Urges Full Implementation Of Fiduciary Rule Without Further Delay - DOL’s Existing Delay Could Cost Investors $890 Million Over The Next Ten Years; Killing The Rule Altogether Could Cost IRA Investors Alone $189 Billion Over The Next Ten Years - Schneiderman: This Commonsense Rule Would Ensure That Financial Advisors Act In The Best Interest Of Their Clients – Hardworking New Yorkers Saving For Their Retirement

Date 18/04/2017

Attorney General Eric T. Schneiderman today urged the Department of Labor to resist the Trump Administration’s efforts to kill the Fiduciary Rule, an investor protection that would require financial advisors to disclose conflicts of interests and to act in their clients’ best interest -- rather than their own. Additionally, it seeks to protect consumers saving for retirement in New York and across the country from financial advisors who recommend investing in assets whose sale is financially beneficial for the advisor but harmful to the client who could end up paying higher fees. The rule, which was enacted under President Obama after more than six years of analysis and multiple opportunities for public comment, would have become enforceable earlier this month, but was delayed by 60 days following a directive by President Trump that the Department of Labor should reexamine and consider rescinding the rule.   

ESMA To Cooperate With New Zealand's Regulators On CCPs

Date 18/04/2017

The European Securities and Markets Authority (ESMA) has established a Memorandum of Understanding (MoU) under the European Markets Infrastructure Regulation (EMIR) with Reserve Bank of New Zealand and Financial Markets Authority of New Zealand.

Speech By Andrew Bailey, Chief Executive Of The FCA, At The Press Conference For The Publication Of FCA Corporate Documents

Date 18/04/2017

Highlights

• Today we have published five documents: Our Mission, our Sector Views, our Business Plan 2017/18, our annual consultation on fees, and a feedback statement to our Mission consultation.
• These represent a big step forward, both in explaining how we see our role and in our transparency.
• Our Mission is to serve the public interest, and to add public value through our contribution to society.  

Former CIO, Multi-Asset Investments At Bank Of Montreal Joins Axioma As Managing Director, Corporate Strategy

Date 18/04/2017

Axioma, a leading provider of enterprise market risk and portfolio management solutions, announced today the appointment of industry veteran George N. Patterson as Managing Director, Corporate Strategy. As part of Axioma’s newly formed Corporate Strategy Team, Patterson will focus on identifying buyside trends and market opportunities to expand the company’s footprint and accelerate growth.

ESG Completes Acquisition Of UK-Based Utiligroup

Date 18/04/2017

Energy Services Group, LLC (ESG), the retail energy industry’s leading provider of SaaS solutions including transaction management (EDI), billing and CIS, wholesale energy services, and sales and pricing, announced today it has acquired UK-based Utiligroup.

Investoo Group Acquires Broker Comparison Site 100ForexBrokers.com

Date 18/04/2017

100ForexBrokers.com, launched in 2012, is one of the world’s biggest Forex broker comparison sites with 60,000+ unique visitors per month and 100s of real user reviews.

Algomi Partners With OpenFin To Bring Open Stack Technology To Fixed Income Markets - MoveTo HTML5 Allows Algomi To Deploy Software And Roll Out Updates Rapidly, Responding To Client Needs And Changing Market Conditions

Date 18/04/2017

Algomi, the network company providing information-matching solutions for the optimization of fixed income liquidity, today announced a partnership with OpenFin, the world’s first common operating layer for financial desktop applications.