News Centre

ASX Commences Industry Consultation On Its Proposed Approach To Deliver CHESS Replacement

Date 14/03/2024

Today ASX released a public consultation paper calling for feedback on the two-stage approach it has proposed for the delivery of CHESS replacement, as well as the proposed implementation plan for the clearing service, which is to be delivered in the first release. 

ASIC And APRA Release A Cross-Industry Information Package On The Financial Accountability Regime

Date 14/03/2024

The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help banks, insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime (FAR).

Canadian Securities Regulators Issue Statements On Proposed Sustainability Disclosure Standards And Ongoing Climate Consultation

Date 13/03/2024

The Canadian Securities Administrators (CSA) today welcome the launch of the Canadian Sustainability Standards Board’s (CSSB) consultation on Canadian Sustainability Disclosure Standards 1 and 2.

CFTC Files Action To Permanently Revoke Registrations Of Mississippi Man Convicted On Criminal Charges

Date 13/03/2024

The Commodity Futures Trading Commission today announced it commenced a registration action against Ted Brent Alexander of Jackson, Mississippi. The CFTC action is based on Alexander’s guilty plea to conspiracy to commit wire fraud in a federal criminal case.

Robinhood Markets, Inc. Reports February 2024 Operating Data

Date 13/03/2024

Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for February 2024:

• Funded Customers at the end of February were 23.6 million, up approximately 130 thousand from January 2024.
• Assets Under Custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024. Net Deposits were $3.6 billion in February, translating to a 42% annualized growth rate relative to January 2024 AUC. Over the last twelve months, Net Deposits were $21.6 billion, translating to an annual growth rate of 29% relative to February 2023 AUC.
• Trading Volumes in February were higher across all asset classes relative to January 2024. Equity Notional Trading Volumes were $80.9 billion (up 36%). Options Contracts Traded were 119.1 million (up 12%). Crypto Notional Trading Volumes were $6.5 billion (up 10%).
• Margin Balances at the end of February were $3.8 billion, up 6% from the end of January 2024.
• Total Cash Sweep Balances at the end of February were $18.1 billion, up $1.3 billion or 8% from the end of January 2024.
• Total Securities Lending Revenue in February was $13 million, up 8% from January 2024.

NYSE Member Firms Report Fourth Quarter Results

Date 13/03/2024

New York Stock Exchange member firms that conduct business with the public reported a fourth-quarter 2023 after-tax profit of approximately $6 billion and revenues of approximately $106 billion, compared with approximately $6 billion after-tax profit on revenues of about $84 billion in the fourth-quarter of 2022.

Canadian Investment Regulatory Organization Issues Compliance Priorities Report Helping Firms Fulfill Regulatory Requirements

Date 13/03/2024

The Canadian Investment Regulatory Organization (CIRO) published its 2024 Compliance Priorities Report, Helping Firms with Compliance, which summarizes current issues that Members regulated by CIRO should focus on to promote investor protection and foster market integrity. The report also outlines initiatives that will support innovation and transformation in the industry.

ETFGI Reports Assets Invested In The ETFs Industry In Japan Reached A New Record Of US$572.49 Billion At The End Of February

Date 13/03/2024

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in the ETFs industry in Japan reached a new record of US$572.49 billion at the end of February.   ETFs listed in Japan gathered net inflows of US$2.60 billion during February, bringing year-to-date net inflows to US$3.72 billion, according to ETFGI's February 2024 Japanese ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

IMF Executive Board Initiates Selection Process For The Next Managing Director

Date 13/03/2024

The Board Coordinators of the Executive Board of the International Monetary Fund (IMF), Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah, made the following statement today:

“We are very pleased to announce that the Executive Board has adopted an open, merit-based, and transparent process for the selection of the next Managing Director, similar to the one used in recent rounds. The Executive Board underscores the importance it places on the successful candidate having the requisite global standing to lead the Fund, which stands at the center of the global financial system."

The EBA Publishes Final Draft Technical Standards On Complaints Handling For Issuers Of Asset Referenced Tokens

Date 13/03/2024

The European Banking Authority (EBA) today published the final draft Regulatory Technical Standards (RTS) that set out the requirements, templates and procedures for handling complaints received by issuers of asset reference tokens (ARTs). The draft RTS fulfil a mandate conferred on the EBA in the Markets in Crypto-Assets Regulation (MiCAR) and were developed in close cooperation with the European Securities and Markets Authority (ESMA).