News Centre

ISDA - The Swap, Episode 34: Changing Treasury Market Structure

Date 17/10/2023

The US Securities and Exchange Commission has proposed increased clearing of certain US Treasury securities, but what impact would that have on market structure? Frank La Salla, president and chief executive of DTCC, gives his views.

BIS: CPMI Sets Out Harmonised ISO 20022 Data Requirements For Enhancing Cross-Border Payments

Date 17/10/2023

• CPMI publishes harmonised ISO 20022 data requirements, establishing a consistent minimum set of messaging data for more efficient cross-border payments.
• The data requirements, a key element of the G20 cross-border payments programme, were developed with the private sector Payments Market Practice Group (PMPG).
• Market participants are encouraged to begin aligning in earnest now and by end-2027 at the latest. The benefits of adopting the requirements will increase as uptake widens.

BIS: Basel Committee Consults On Disclosure Of Banks' Cryptoasset Exposures

Date 17/10/2023

• Basel Committee publishes consultation on the disclosure of banks' cryptoasset exposures.
• Follows publication of its final prudential standard on treatment of cryptoassets in December 2022.
• Disclosure users and preparers are requested to comment on the consultation by 31 January 2024.

ISDA derivatiViews: Hidden In Plain Sight?

Date 17/10/2023

More than a decade after the introduction of rules requiring the reporting of all derivatives to trade repositories, some regulators have started to ask questions once again about the level of transparency in the derivatives markets. The trigger has been the sudden emergence of several recent bouts of market turbulence that seemed to have occurred without warning – precisely the type of events the reporting of data was meant to prevent. But, as a recent ISDA paper on transparency points out, a significant amount of information does currently exist that, with sufficient data cleansing and analysis, could help regulators spot warning signals.

ACER To Review The Market Rules Regulating Gas Transmission Capacity Allocation In Europe

Date 17/10/2023

The latest European Gas Regulatory Forum has  recently emphasised the importance of having gas market rules (also known as “network codes”) which can adequately reflect the evolution and decarbonisation of the European gas market, and prompted for the revision of the Capacity Allocation Mechanisms Network Code (“CAM NC”).

ETFGI Reports Year-To-Date Net Inflows Into The Global ETFs Industry Of US$596.75 Billion Are The 2nd Highest On Record

Date 17/10/2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today year-to-date net inflows of US$596.75 billion are the 2nd highest on record. The global ETFs industry gathered US$67.70 Bn in net inflows in September, bringing year to date net inflows to US$596.75 Bn. Assets invested in the global ETFs industry have increased 11.3% year-to-date in 2023, going from US$9.26 trillion at end of 2022 to $10.31 trillion, according to ETFGI's September 2023 global ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted)

Responsible Innovation In Money And Payments, Federal Reserve Governor Michelle W. Bowman, At Roundtable On Central Bank Digital Currency, Harvard Law School Program On International Financial Systems, Washington, D.C.

Date 17/10/2023

Thank you for the opportunity to speak with you today on the important topic of innovations in money and payments. These issues continue to be of primary importance to the Federal Reserve.1 As part of its key functions, the Federal Reserve carries out a number of different responsibilities that include

Miami International Holdings Announces SEC Publishes Notice Of Form 1 Application For New Miami-Based MIAX Sapphire Options Exchange

Date 17/10/2023

Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire, LLC (MIAX SapphireTM), Minneapolis Grain Exchange, LLC (MGEXTM), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX), and Dorman Trading, LLC (Dorman Trading), today announced that a notice of its Form 1 application for its newest options exchange has been published by the Securities and Exchange Commission (SEC). MIH filed the Form 1 application to register MIAX Sapphire as a national securities exchange operating both an electronic exchange and physical trading floor for U.S. options.

Trumid Names Jason Quinn As Global Head Of Sales As Company Continues To Expand Its Trading Footprint - Quinn To Lead Trumid’s Commercial Direction, Including Product Strategy And Global Sales

Date 17/10/2023

Trumid, a financial technology company and fixed income electronic trading platform, today named Jason Quinn as Global Head of Sales as increased client engagement drives record platform activity and overall market share. Quinn, who is a founding member of Trumid’s leadership team, remains Trumid’s Chief Product Officer, responsible for Trumid’s product design and innovative trading protocols and solutions.

Hrvyst And Greenstone Systems Collaborate To Improve Agribusiness Data Access

Date 17/10/2023

Hrvyst, an agricultural technology (ag tech) platform from R.J. O’Brien & Associates (RJO), has joined forces with Greenstone Systems, a Cultura Company, to enhance data accessibility by integrating Hrvyst's physical and hedge management into MyGrower, Greenstone's grower engagement platform.