News Centre

SIFMA Lawsuit Challenges New Missouri Rules That Restrict Financial Professionals’ Ability To Serve Their Customers’ Best Interests - Plaintiff Asks Court To Strike Down Over-Reaching, Subjective, And Impermissibly Vague State Regulations That Require Missouri-Specific Disclosures That Will Confuse Investors And Violate Federal Law

Date 10/08/2023

The Securities Industry and Financial Markets Association (SIFMA) filed a federal court challenge to new Missouri documentation rules today.  The new rules, effective July 30, 2023, require financial firms and professionals that incorporate any “social objective or other nonfinancial objective” into their analysis to obtain their customers’ written consent on a state-written prescribed script.  “Social” or “nonfinancial” objectives may include multifaceted client objectives, such as tax considerations, diversification, risk tolerance, time horizon, liquidity needs, faith or values-based objectives, and local community investment objectives, among others.

Canadian Securities Administrators Updates Industry On Institutional Trade Matching Deadline

Date 10/08/2023

The Canadian Securities Administrators (CSA) today published Staff Notice 24-319 to update industry on its recommendations regarding the T+1 trade matching deadline.

CFTC Commissioner Kristin Johnson Announces Tamika Bent As Chief Counsel

Date 10/08/2023

CFTC Commissioner Kristin N. Johnson today announced that Tamika Bent has joined her executive staff as Chief Counsel.

Canadian Securities Regulators Initiate Review Of Exchange-Traded Funds

Date 10/08/2023

The Canadian Securities Administrators (CSA) is launching a review of exchange-traded funds (ETFs). ETFs are an increasingly popular investment vehicle, offering exposure to a variety of underlying assets and investment strategies, with intraday liquidity on the secondary market. ETFs comprise approximately 15% of total publicly offered investment fund assets in Canada, and are expected to continue to grow.

Validus Launches Active Rule-Based ETF Seeking To Provide Risk-Adjusted Exposure To S&P 500

Date 10/08/2023

• A new generation rule-based strategy launches on Cboe exchange.
• Index-Based Strategy for Potential Risk Reduction and Downside Mitigation

ETFGI Reports Assets Invested In The ETFs Industry In Canada Reached A Record Of US$295 Billion At End Of July

Date 10/08/2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports assets invested in the ETFs industry in Canada reached a record of US$295 billion at the end of July. The ETFs industry in Canada gathered net inflows of US$2.77 billion during July, bringing year-to-date net inflows to US$19 billion. Assets have increased 17.7 % YTD in 2023, going from US$250.19 Bn at the end of 2022, to US$294.56 Bn at the end of July, according to ETFGI's July 2023 Canadian 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.)

Cboe Announces Winners Of The Options Institute MSCI Inflation Research Grant

Date 10/08/2023

• Dr. Ali Nejadmalayeri, Professor of Finance at the University of Wyoming College of Business, and William Campbell, Lecturer in Finance at the Wilbur O. and Ann Powers College of Business at Clemson University, named grant recipients
• Sponsored by MSCI, the grant will fund research on inflation and its impact on the markets

Deutsche Börse Group: Business Indicators For July 2023

Date 10/08/2023

A summary of Deutsche Börse Group's business indicators for July 2023 is now available on the eutsche Börse website:

NGX Working With CSCS, Euroclear To Create Dollar Settlement Platform For FinTechs ...Urges FG To Create Enabling Policies To Attract Listings

Date 10/08/2023

Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups to raise in dollars.

Virtu Financial And InvestorLink Announce Strategic Alliance To Provide Global Retail Access To Primary Markets

Date 10/08/2023

• Alliance aims to address retail investors’ growing demand for greater access
• A global network of retail brokers will have access to InvestorLink’s primary market technology using Virtu’s technology