News Centre

UK Fixed Income Consolidate Tape Will Accelerate The Electronification Of Fixed Income Markets: David Everson, Head Of Trading, Fixed Income, EMEA, Liquidnet

Date 05/07/2023

Commenting on the FCA’s plans to develop a consolidated tape for fixed income, David Everson, Head of Trading, Fixed Income EMEA at Liquidnet, said:

“It makes sense that the UK would prioritise a Fixed Income consolidated tape first as the asset class has traditionally been much more opaque than, for example, equities. It will be interesting to see how this progresses."

OCC Clears 962.6M Contracts In June 2023, Up 19.4% Year-Over-Year

Date 05/07/2023

OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through June 2023 was 44.7 million contracts, up 8.7 percent compared to year-to-date average daily volume through June 2022. Total volume was 962.6 million contracts, up 19.4 percent compared to June 2022.

Purdue University/CME Group Ag Economy Barometer: Farmer Sentiment Rebounds On More Optimistic View Of Future

Date 05/07/2023

The Purdue University/CME Group Ag Economy Barometer index improved in June, rising 17 points to a reading of 121. The upswing in sentiment was driven by producers' more optimistic view of the future; however, their perception of current conditions remained unchanged from May. The Index of Future Expectations rose 25 points to a reading of 123, while the Index of Current Conditions held flat at a reading of 116 in June. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted between June 12-16.

Tehran Stock Exchange Calls On Issuers For CG Compliance - Corporate Governance Conference Was Held On 4 July 2023 By Tehran Stock Exchange

Date 05/07/2023

More than 350 representatives from TSE’s listed companies, as well as several market’s participants, regulators and academics attended CGIran Conference to discuss the latest national regulations, the requirements and challenges of compliance by Iranian issuers.

Nasdaq Announces The Board Of Directors Of Its U.S. Exchanges

Date 05/07/2023

Nasdaq, Inc. (Nasdaq: NDAQ) today announced the election of all nominated directors to the boards of the U.S. exchanges operated by the company, which include The Nasdaq Stock Market LLC, Nasdaq PHLX LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq MRX, LLC, and Nasdaq GEMX, LLC:

FSB Consults On Policies To Address Vulnerabilities From Liquidity Mismatch In Open-Ended Funds

Date 05/07/2023

• Proposed revisions to FSB policy recommendations to address vulnerabilities from liquidity mismatch in open-ended funds (OEFs) incorporate lessons learnt since 2017 and aim to enhance the resilience of non-bank financial intermediation.
• Revisions provide greater clarity on the redemption terms that OEFs can offer to investors, based on the liquidity of their asset holdings.
• Revisions also seek to mitigate the potential first-mover advantage arising from structural liquidity mismatch in OEFs by imposing on redeeming and subscribing investors the costs of liquidity associated with fund redemptions and subscriptions.
• The FSB’s consultation is taking place in conjunction with IOSCO’s consultation on guidance on anti-dilution liquidity management tools.

CME Group Reports Second-Highest June And Q2 ADV On Record

Date 05/07/2023

• SOFR futures and options continue strong growth
• Record Agricultural ADV in June
• Double-digit Q2 volume increases in options, agricultural and metals, as well as many individual products

gfemarket.com: BaFin Investigates The Company GFE Management Ltd.

Date 05/07/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company GFE Management Ltd. and the services it is offering. BaFin has information that the company is providing financial and investment services on its website gfemarket.com an without the required authorisation.

Quinn Emanuel Launches New AT1 Bondholder Website

Date 05/07/2023

Quinn Emanuel Urquhart & Sullivan, the world's largest litigation only international law firm, has launched a new website at1action.com to update stakeholders on the latest developments in its ongoing fight against the parties responsible for the decision to write down CHF 16 billion worth of Credit Suisse AT1 bonds.

CCData's Monthly Exchange Review: Crypto Volumes Rise For First Time In 3 Months Amid ETF Flurry

Date 05/07/2023

In June, the combined spot and derivatives trading volume on centralised exchanges rose 14.2% to $2.71tn, the first monthly increase in trading volume since March. The increase in trading volumes can be attributed to the optimism in the market following the filing of spot Bitcoin ETFs by the largest asset manager in the world, BlackRock, and other US TradFi companies last month.