News Centre

Revitalizing TSX Venture Exchange: Canada’s Public Venture Market

Date 17/12/2015

Earlier this month, TMX Group announced that TSX Venture Exchange (TSXV) is introducing changes to help support, revitalize and grow its marketplace. Today, a whitepaper titledRevitalizing TSX Venture Exchange: Canada’s Public Venture Market was published outlining TSXV’s tactics designed to address the current environment and secure a strong future as the leading public market for early-stage companies.

CBOE, C2 And CFE Trading Schedule For The Christmas And New Year’s Holidays

Date 17/12/2015

CBOE Holdings, Inc. (NASDAQ: CBOE) announced the following trading schedule for Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2) and CBOE Futures Exchange (CFE) in observance of the Christmas and New Year’s holidays:

Read full press release here

S&P Dow Jones Indices Market Attributes: Risk & Volatility Index Dashboard

Date 17/12/2015

Download this month's dashboard

EBA Defines The Minimum Set Of Information On Financial Contracts For Detailed Records

Date 17/12/2015

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on detailed records of financial contracts. These RTS have been developed within the framework established by the EU bank Recovery and Resolution Directive (BRRD) and further specify the minimum set of the information on financial contracts that should be contained in detailed records and the circumstances under which the requirement to maintain such detailed records should be imposed. These standards are part of the EBA's work to implement the BRRD and address the problem of too-big-to-fail banks.

Intercontinental Exchange, Inc. Announces Placement Of Shares In Secondary Offering

Date 17/12/2015

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global network of exchanges and clearing houses, today announced that the sale by the selling stockholders of all 5,669,002 shares of ICE’s common stock that were part of the underwritten secondary offering announced by ICE on December 16, 2015 has been completed, subject to settlement. This offering was announced by ICE on December 16 with regard to the intent by certain selling stockholders to offer for sale in an underwritten secondary offering 5,669,002 shares of ICE’s common stock pursuant to ICE’s shelf registration statement filed with the Securities and Exchange Commission (SEC). Credit Suisse was selected as the underwriter for the offering. The shares offered in the secondary offering were originally issued to the selling stockholders in connection with the acquisition of Interactive Data Holdings Corporation. ICE did not sell any shares and will not receive any proceeds from this offering.

EBA Issues Methodology For Valuation Of Liabilities Arising From Derivatives

Date 17/12/2015

The European Banking Authority (EBA) published today the final draft Regulatory Technical Standards (RTS) on the methodology for the valuation of derivative liabilities for the purpose of bail-in in resolution. These standards, which have been developed within the framework of the Bank Recovery and Resolution Directive (BRRD) setting procedures for the orderly management of bank failures, provide EU resolution authorities with a methodology for the valuation of derivative liabilities of credit institutions placed under resolution and ensure that the discipline brought in by the new bail-in tool can effectively be extended to these liabilities too.

US Federal Banking Agencies Seek Comment On Interagency Effort To Reduce Regulatory Burden

Date 17/12/2015

The federal banking agencies approved a notice requesting comment on the fourth and final set of regulatory categories as part of their review to identify outdated or unnecessary regulations applied to insured depository institutions.

EBA Delivers Guidance For Business Reorganisation Plans Under The BRRD

Date 17/12/2015

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the content of business reorganisation plans and progress reports, as well as guidelines defining how to assess plans. The work has been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD), which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU.

EGX Organized A Training Program For Its Employees About The Amended Egyptian Accounting Standards

Date 17/12/2015

As part of the Egyptian Exchange (EGX)’ efforts to increase its staff efficiency and capabilities, EGX organized a training program about the amended Egyptian accounting standards, held by The Egyptian Society of Accountants & Auditors for EGX employees and senior managers from listed companies, disclosure, membership, market surveillance, auditing and finance sectors during the period from 23 November to 15 December 2015.

IPO Column From December's Trading Places: An Interim Year - Our Columnist Patrick L Young Looks Back At Some Notable Points To Ponder As We Exit The Year 2015...

Date 17/12/2015

It wasn’t an incredible year but in the rich granular framework of markets this was nonetheless, a fascinating 12 month period. Right to the very end, we saw innovations being delivered with the launch of the American Financial Exchange from the offices of the redoubtable Dr Richard Sandor. At the same time, we also saw cracks appear amongst some platforms - various competitor entities are rumoured to be somewhat short of funds as we enter 2016. With QE continuing in Europe at least...the swaps market has yet to show its potential in its new CCP-centric format. There may yet be US interest rate rises in the New Year but an outbreak of that now almost mythical creature, a fully fledged yield curve, may take somewhat longer. Every month lost piles pressure on various SEFs. Meanwhile bond platforms exploded, albeit with no newcomers yet really demonstrating much tangible volume while some, such as Bondcube disappeared altogether. Competition remained a topic of hot discussion in the world of ETD as the LSE’s propaganda machine continued to push the ill-defined notion of open clearing. However, some say that next year will be the year of competition in ETD, led by the likes of LSE Rita-Curve & NLX. However, as that was also the prognosis for some ‘forward looking’ features for several consecutive years’ past, I cannot say I am holding my breath that we will see tangible results soon.