News Centre

US Office Of The Comptroller Of The Currency Reports First Quarter 2024 Bank Trading Revenue

Date 25/06/2024

The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $15.6 billion in the first quarter of 2024. The first quarter trading revenue was $4.0 billion, or 34.2 percent, more than in the previous quarter and $2.0 billion, or 11.1 percent, less than a year earlier.

Moving Toward Better Balance And Implications For Monetary Policy, Federal Reserve Governor Lisa D. Cook, At The Economic Club Of New York, New York, New York

Date 25/06/2024

Thank you, Barbara. It is a fitting time to be speaking again to the Economic Club of New York, because this month marks two years since my first Federal Open Market Committee (FOMC) meeting.1 At that meeting, we kicked off a series of large interest-rate increases, all of which I supported, because I am fully committed to bringing inflation sustainably back to our 2 percent target. As I said when I joined the Board, I care about both sides of the dual mandate Congress gives us, maximum employment and price stability. When inflation was well above target and the unemployment rate was historically low, we prioritized restoring price stability. Over the past year, inflation has slowed, and labor market tightness has eased, such that the risks to achieving our inflation and employment goals have moved toward better balance.

Supporting Statement Of CFTC Chairman Rostin Behnam Regarding Final Capital And Financial Reporting Comparability Determinations And Orders For Certain Non-U.S. Nonbank Swap Dealers In Japan, Mexico, EU, And The UK

Date 25/06/2024

I support the Commission’s approval of four comparability determinations and related orders finding that the capital and financial reporting requirements in Japan, Mexico, the European Union (France and Germany), and the United Kingdom (for swap dealers (SDs) designated for prudential supervision by the UK Prudential Regulation Authority (PRA)) are comparable to the Commission’s capital and financial reporting requirements applicable to nonbank SDs. These are the first comparability determinations that the Commission has finalized for applications filed following the July 2020 adoption of its regulatory framework for substituted compliance for non-U.S. domiciled nonbank SDs. There are currently 15 non-U.S. nonbank SDs that are eligible to comply with these conditional orders: three in Japan; three in Mexico; two in Germany and one in France for the EU; and six in the UK that are PRA-designated.

CFTC Approves Final Capital Comparability Determinations For Certain Non-U.S. Nonbank Swap Dealers

Date 25/06/2024

The Commodity Futures Trading Commission announced today it has approved four comparability determinations and related comparability orders granting conditional substituted compliance in connection with the CFTC’s capital and financial reporting requirements to certain CFTC-registered nonbank swap dealers organized and domiciled in Japan, Mexico, the European Union (France and Germany), or the United Kingdom.

Central Banks Must Prepare For AI's Profound Impact On Economy And Financial System: BIS

Date 25/06/2024

• Central banks should embrace artificial intelligence (AI), anticipating its impact on the economy and financial system and harnessing it in their own operations. Widespread adoption could have repercussions for inflation dynamics.
• The financial sector is among the most exposed to the benefits and risks of AI. Benefits include improvements for lending and payments; risks include more sophisticated cyber attacks.
• The increased importance of data as a cornerstone of the AI revolution hastens the need for central bank cooperation.

ISDA derivatiViews: Supporting EU Strategic Priorities

Date 25/06/2024

The composition of the European parliament may be different following recent elections, but the list of challenges facing EU policymakers – European competitiveness, economic resilience, energy security and sustainability – remains the same. Tackling those challenges can’t be achieved without having strong, liquid capital markets that support financing, investment and risk management – which means a well-functioning derivatives market is an important part of the puzzle.

BitGo And Finery Markets Launch First Integrated Crypto Trading And Off-Exchange Settlement Solution

Date 25/06/2024

Prime brokers, OTC desks and exchanges can leverage Finery Market’s trading infrastructure with peace of mind knowing that counterparty assets are secured and automatically settled by BitGo. 

CME Group U.S. Credit Futures Exceed 400 Contracts In First Week Of Trading

Date 25/06/2024

CME Group, the world's leading derivatives marketplace, today announced that its new U.S. Credit futures have traded 415 contracts since their launch on June 17.

BME: Changes To The Madrid Stock Exchange's General Index For The Second Half Of 2024

Date 25/06/2024

• The index will consist of 110 stocks, following the additions of Ezentis, MFE-Media and Puig and the delistings of Applus, Inmobiliaria del Sur, Lingotes Especiales and Opdenergy

Hidden Road Signs With Trading Technologies To Distribute TT® Platform For Multi-Asset Trading

Date 25/06/2024

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that it has partnered with Hidden Road, the global credit network for institutions, through Hidden Road Partners CIV US LLC, its futures commission merchant regulated by the U.S. Commodity Futures Trading Commission (CFTC). The move will enable Hidden Road clients to utilize the TT platform for trading across a broad range of asset classes and products, including traditional cleared derivatives as well as digital assets. TT is the first independent platform Hidden Road has made available to clients for cleared derivatives.