News Centre

CFTC: Federal Court Orders Texas Man And Six Companies To Pay Over $9.5 Million In Fraudulent Scheme Involving Futures, Options, And Foreign Currency

Date 25/09/2024

The Commodity Futures Trading Commission today announced Judge Samuel A. Lindsay of the U.S. District Court for the Northern District of Texas entered multiple orders and a judgment against Rudy Avila; L.I.F.T. Group LLC (LIFT), Trading Ventures Group (TVG), Capital Ventures Group, LLC, (CVG), and Ventures Group, LLC (  VGL), all U.S. companies; and CIG Internacional Sociedad Anónima (CIG) and Trading Technologies Group Sociedad Anónima (TTG), both Costa Rican companies, requiring monetary relief totaling over $10.5 million The orders and judgment resolve the CFTC’s enforcement action against these defendants filed Sept.14, 2021. [See CFTC Press Release 8424-21]

Who’s Buying? The Outlook For Consumption In A Rate Cutting Cycle − Speech By Megan Greene, Bank Of England, Member Of The Monetary Policy Committee, Given At The North East Chambers Of Commerce, Newcastle

Date 25/09/2024

In these remarks, Megan Greene analyses the weaker consumption and higher savings rates that have characterised the UK economy in recent years. She considers how they may evolve as UK interest rates fall, what this means for her policy stance and how to account for uncertainty in determining a policy path going forward.

Revised REMIT: ACER Clarifies New Obligations For Non-EU Market Participants And Persons Professionally Arranging Or Executing Transactions

Date 25/09/2024

The Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) aims to prevent and protect consumers and businesses against market abuse in the European electricity and gas markets. The rules were revised in May 2024 to ensure they keep pace with evolving market dynamics.

SEC Charges Merrill Lynch And Harvest Volatility Management For Ignoring Client Instructions - SEC Penalizes Firms, Recovers More Than $6 Million Of Excess Fees Tied To Options Trading Strategy

Date 25/09/2024

The Securities and Exchange Commission today announced charges against Harvest Volatility Management LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. for exceeding clients’ designated investment limits over a two-year period beginning in March 2016, which resulted in clients paying higher fees, being subjected to increased market exposure, and incurring investment losses. As part of the separate settlements, Harvest and Merrill have agreed to pay a combined $9.3 million in penalties and disgorgement to resolve the SEC’s claims. 

CISI Joins Global Capacity Building Coalition Supporting Launch Of New Digital Platform For Finance Climate Action Strategies

Date 25/09/2024

• Michael R. Bloomberg and Mary Schapiro Announce Beta Launch of Platform to Support Financial Institutions Seeking to Build Climate Finance Technical Capacity and Resources
• Developed by the Global Capacity Building Coalition, the new Digital Platform is designed to be a go-to global resource for financial institutions developing climate action strategies, particularly in emerging markets and developing economies
• Following its launch at COP28 with 19 founding members, the Coalition’s membership has now more than doubled to over 50 organizations

ICE Clear Credit Is First CDS Clearing House To Process More Than $1 Trillion USD Notional Amount In One Day

Date 25/09/2024

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that ICE Clear Credit processed a record of more than $1.1 trillion USD equivalent notional amount of credit default swap (CDS) instruments on Friday, September 20 - the most ever cleared in a single day by any CDS clearinghouse. As part of that, a record daily notional amount of $900 billion from client-related CDS transactions was cleared.

London Stock Exchange Group: Publication Of Final Terms

Date 25/09/2024

The following Final Terms are available for viewing:

Final Terms dated 25 September 2024 of LSEG US Fin Corp. for the US$100,000,000 4.000 per cent. Guaranteed Notes due 27 September 2027 (ISIN: XS2908610632) (the Final Terms) (the Notes), unconditionally and irrevocably guaranteed by London Stock Exchange Group plc and issued pursuant to the £4,000,000,000 Euro Medium Term Note Programme of London Stock Exchange Group plc, LSEGA Financing plc, LSEG Netherlands B.V. and LSEG US Fin Corp. (the Programme).

TRUSTED AI: Ethical, Safe, And Effective Application Of Artificial Intelligence At The Bank Of England − Speech By James Benford, Bank Of England Executive Director For Data And Analytics Transformation And Chief Data Officer, Given At The Central Bank AI Conference

Date 25/09/2024

Recent advances in artificial intelligence (AI) bring many opportunities and challenges to central banks. In this new chapter, we should take confidence from our experience with models. But resolve and humility are critical for us to broaden our data and analytics agendas and strengthen governance. Models will need to be TRUSTED (Targeted, Reliable, Understood, Secure, stress-Tested, Ethical and Durable) to ensure their ethical, safe and effective application across the organisation.

OECD: Global Growth Remains Resilient And Inflation Has Further Declined

Date 25/09/2024

High-frequency activity from July and August indicators suggest ongoing growth momentum overall. Business surveys continue to point to stronger activity in services than in manufacturing sectors. While consumer confidence remains subdued relative to long-term trends, survey indicators suggest that confidence is improving in Europe and emerging-market economies. Headline inflation has continued to fall this year in most G20 countries.

First Collaboration Between Tel Aviv Stock Exchange And Analyst For The Launch Of 6 Innovative Customized Indices Under Exclusivity Contract

Date 25/09/2024

TASE announces today a collaboration with Analyst Mutual Funds, as part of which TASE will launch, for the first time, 6 new exclusive and lucrative indices for Analyst: 3 equity indices and 3 Tel Bond indices. These high-quality indices will offer investors top-tier value and standards. For the first time, Analyst will launch index-tracking funds & ETFs exclusively for TASE indices, expanding the variety of investment products and enhancing competition. Moreover, Analyst Mutual Funds also plans to launch, for the first time, tracking funds on non-exclusive TASE indices, further enhancing competition for the benefit of the investors.