News Centre

ISDA Statement On UK Referendum Vote For Brexit

Date 25/06/2016

The International Swaps and Derivatives Association, Inc. (ISDA) today published the following statement on the UK referendum vote to leave the European Union (EU), also known as Brexit.

CalPERS Comments On Outcome Of British Vote To Leave European Union

Date 25/06/2016

The California Public Employees' Retirement System (CalPERS) today issued the following statement from Chief Investment Officer Ted Eliopoulos on the outcome of the British vote to leave the European Union:

"We are carefully monitoring the situation. As a long-term investor, we don't overreact to short-term volatility but we will take appropriate steps to best protect our portfolio."

Nasdaq Closing Cross Calculates U.S. Russell Indexes For The 13th Consecutive Year

Date 25/06/2016

Nasdaq (Nasdaq:NDAQ) today announced the Nasdaq Closing Cross was used for the 13th consecutive year to rebalance Nasdaq-listed securities in the entire family of U.S. Russell indexes during its annual reconstitution. Approximately 933 million shares representing $20.6 billion were executed in the Nasdaq Closing Cross in 0.8 seconds across some 2,464 Nasdaq-listed stocks.

NYSE, NYSE Arca And NYSE MKT Short Interest Reports

Date 25/06/2016

NYSE today reported short interest as of the close of business on the settlement date of June 15, 2016.

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date June 15, 2016

Date 25/06/2016

At the end of the settlement date of June 15, 2016, short interest in 2,313 Nasdaq Global MarketSM securities totaled 7,830,349,659  shares compared with 7,885,936,338 shares in 2,307 Global Market issues reported for the prior settlement date of May 31, 2016. The Mid-June short interest represents 4.99 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.73 days for the prior reporting period.

Financial Stability Oversight Council Meeting June 24, 2016 - Brexit

Date 24/06/2016

The Financial Stability Oversight Council (Council) convened via telephone today to discuss the United Kingdom referendum on membership in the European Union.  Council members provided updates regarding financial market developments.  The Council noted that the U.S. financial system continues to function in an orderly manner, and that the Council will continue to monitor ongoing developments.

Dutch Finance Minister Jeroen Dijsselbloem Says Brexit Will Impact The City

Date 24/06/2016

Dutch finance minister Jeroen Dijsselbloem, Speaking on Dutch RTL television, said that British financial institutions’ access to the European Union’s internal market will be impacted after the UK leaves the European Union. Dijsselbloem is also the chair of the council of Eurozone finance ministers. Dijsselbloem added that some financial institutions would also leave the City.

Invitation Letter By President Donald Tusk To The Members Of The European Council

Date 24/06/2016

I have no doubt that due to the negative outcome of the UK referendum we will mostly need to devote our European Council to a discussion on its political consequences. It is my intention to ensure that we have sufficient space to debate both with Prime Minister Cameron, and then separately with the 27 Heads of State or Government.

Moody's: UK Vote To Leave The EU Is Credit Negative For UK Sovereign And Other Rated UK Entities

Date 24/06/2016

The UK's decision to leave the European Union will lead to a prolonged period of uncertainty that will weigh on the country's economic and financial performance and will be credit negative for the UK sovereign and other rated entities, Moody's Investors Service said in a report published today.

SIFMA Statement On ‘A Better Way For Tax Reform’

Date 24/06/2016

SIFMA today issued the following statement from Payson Peabody, SIFMA managing director and tax counsel on House Speaker Paul Ryan’s announcement of ‘A Better Way for Tax Reform’:      

"We commend Speaker Ryan and Chairman Brady for their leadership in drafting a blueprint for comprehensive tax reform.  By reforming our outdated tax code, we can grow the economy, create jobs, and promote savings and investment.  SIFMA looks forward to providing comments to the Ways & Means Committee to ensure that tax reform promotes these broadly shared objectives."