News Centre

CME Group SOFR Open Interest Surpasses Record 60 Million Contracts

Date 14/12/2023

CME Group, the world's leading derivatives marketplace, today announced that open interest in its deeply liquid SOFR complex set a new record of 60,435,467 contracts on December 12, including 48.3 million options contracts and 12.1 million futures contracts. Average daily volume (ADV) in SOFR futures and options this year also reached a record 5.1 million contracts.

DTCC Comments On SEC Ruling Around Expanded US Treasury Clearing

Date 14/12/2023

DTCC issued the following statement:

The SEC recently issued rule amendments around its 2022 expanded U.S. treasury clearing proposal, bringing added regulatory clarity around the scope of the clearing requirements and implementation timelines. The final rules require a significantly larger portion of the U.S. Treasury cash and repo markets - specifically certain eligible secondary market transactions - to be centrally cleared by December 31, 2025 for cash transactions and June 30, 2026 for repo transactions. As a covered clearing agency, FICC will take the necessary steps as required under the amendments to prepare for this significant initiative.

ESMA Proposes Changes And Updates Timeline For Its Guidelines On Funds’ Names

Date 14/12/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today provides an update on the status of ESMA’s guidelines on ESG and sustainability-related terms in fund names, including details on the timing of their publication.

Corporate And Municipal CUSIP Request Volumes Rise In November

Date 14/12/2023

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for November 2023. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly increase in request volume for new corporate and municipal identifiers.

ICE And Blockstream Add Cryptocurrency Options Data To Joint Crypto Offering On The ICE Consolidated Feed

Date 14/12/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, and Blockstream, a leader in blockchain technologies and financial cryptography, today announced the addition of cryptocurrency options data to the Cryptocurrency Data Feed offered via the ICE Consolidated Feed.

Nasdaq Welcomes 125 IPOs And 26 Exchange Transfers In 2023

Date 14/12/2023

• Leading U.S. exchange by number of IPOs and proceeds raised for the fifth consecutive year
• Featured the largest IPO, spin switch, switch, and SPAC combo switch
• 3 of the top 5 largest global IPOs by proceeds raised listed on Nasdaq
• $374 billion in market value switched to Nasdaq

Excerpts From US Secretary Of The Treasury Janet L. Yellen’s Remarks On The U.S.-China Economic Relationship

Date 14/12/2023

On Thursday, December 14, Secretary of the Treasury Janet L. Yellen will deliver remarks on the U.S.-China economic relationship at the U.S-China Business Council’s 50th Anniversary Dinner in Washington, DC. The following are excerpts from the Secretary’s remarks as prepared for delivery.

Exchange Of Letters Between The Bank Of England Governor And The UK Chancellor Regarding CPI Inflation - December 2023

Date 14/12/2023

Bank Of England: Bank Rate Maintained At 5.25% - December 2023 - Monetary Policy Summary And Minutes Of The Monetary Policy Committee Meeting

Date 14/12/2023

Monetary Policy Summary, December 2023

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 13 December 2023, the MPC voted by a majority of 6–3 to maintain Bank Rate at 5.25%. Three members preferred to increase Bank Rate by 0.25 percentage points, to 5.5%.

European Central Bank Monetary Policy Decisions

Date 14/12/2023

The Governing Council today decided to keep the three key ECB interest rates unchanged. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. According to the latest Eurosystem staff projections for the euro area, inflation is expected to decline gradually over the course of next year, before approaching the Governing Council’s 2% target in 2025. Overall, staff expect headline inflation to average 5.4% in 2023, 2.7% in 2024, 2.1% in 2025 and 1.9% in 2026. Compared with the September staff projections, this amounts to a downward revision for 2023 and especially for 2024.