News Centre

The Expanding Scope Of Individual Accountability For Corporate Misconduct - Speech By Mark Steward, Director Of Enforcement And Market Oversight At The FCA, Delivered At The New York University Program On Corporate Compliance And Enforcement

Date 03/04/2017

Highlights:

• The Senior Managers and Certification Regime marks an important and decisive shift in the right direction in tackling conduct issues.
• Corporate fiduciary duties of care and diligence imposed on company directors are probably the closest statutory precedent for senior management liability.
• There is no free pass for firms and so the Senior Managers Regime does not mean there will be an end to action against firms, including heavy financial penalties.

Forbes Israel Celebrated Its 30 Under 30 EMEA Summit Israel

Date 03/04/2017

Fidelity International Lists Its First European ETFs On The Irish Stock Exchange

Date 03/04/2017

Fidelity International has launched its first European exchange traded funds (ETFs) with the Main Securities Market (MSM) of the Irish Stock Exchange (ISE) chosen as the primary listing venue.

OCC Cleared Contract Volume Up Nine Percent In March

Date 03/04/2017

• Futures volume up 68 percent in March, highest month ever
• Index options volume up 18 percent
• Securities lending activity up 25 percent in March and 21 percent year-to-date

EBA Updated Risk Dashboard Confirms That Elevated NPLs And Low Profitability Are The Main Challenges For The EU Banking Sector

Date 03/04/2017

The European Banking Authority (EBA) published today a periodical update of its Risk Dashboard summarising the main risks and vulnerabilities in the EU banking sector by a set of Risk Indicators in Q4 2016.

PEGAS CEGH VTP Reaches An Overall Monthly Volume Record In March - PEGAS Trading Volumes In March 2017

Date 03/04/2017

PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 166.6 TWh in March 2017, confirming the increasing trend on the futures segment and another strong month for the time spread instruments. It represents a raise of 25% compared to last year (133.1 TWh). Moreover, PEGAS CEGH VTP market area registers an all-time monthly volume high with 6.6 TWh in March (previous record: 6.2 TWh in February 2017), substantiating our members’ interest in a larger product offering on the PEGAS platform. 

Key Figures SIX Swiss Exchange And SIX Structured Products Exchange: March 2017

Date 03/04/2017

• Strongest month in the year to date
• Trading turnover of CHF 143.1 billion (+32.2% month-on-month)
• Number of trades 4,682,615 (+17.8% month-on-month)
• Average trading turnover per day of CHF 5.8 billion (Year-to-date)

Davidson Joins OCC As President And Chief Operating Officer - Agrawal Promoted To Chief Business Transformation Officer

Date 03/04/2017

OCC, the world’s largest equity derivatives clearing organization, today announced that John P. Davidson, a long-time senior executive with more than 35 years of experience in the global financial services industry, has agreed to join the organization as President and Chief Operating Officer, effective May 8th. Davidson will report to OCC Chairman and CEO Craig Donohue, and he replaces Michael McClain, Chief Operating Officer, who left OCC on March 31st for personal reasons.

LSEG Plc Statement On LCH SA

Date 03/04/2017

London Stock Exchange Group Plc (LSEG) notes the announcement by Euronext regarding its agreement with ICE Clear Netherlands for the provision of clearing services for its financial derivatives and commodities markets.

BME: The Trading Volume On The Spanish Stock Market Reached €58.2 Billion In March, Up 29% From February

Date 03/04/2017

• The trading volume on the first three months of 2017 reached €159.8 billion, up 14.6% from the previous quarter
• The number of trades in March came in at 5.1 million, 32.7% higher than in the previous month and 2.8% higher year-on-year
• The trading volume in ETFs in the month of March was up over 97% in relation to the preceding month
• Trading in Financial Derivatives in March was up 111% from the preceding month
• New admissions on MARF in March reached €354 million, up 154.6% year-on-year