News Centre

Market Makers Continue To Reduce Liquidity - Kaiko Research: Data Debrief

Date 15/05/2023

Last week, some of the biggest market makers in crypto, Jane Street and Jump Crypto, announced they were winding down some of their crypto exposure, particularly in the U.S due to regulatory uncertainty. This move should have major implications for liquidity in the industry which has already lost several big players over the last year. Interestingly, market depth for BTC has barely shifted since the announcement or over the past month, remaining at depressed levels. This seems to indicate that Jump and Jane Street already reduced the majority of their exposure, or have yet to make those adjustments. With the gradual decline in market depth year-to-date, it seems more likely it’s the former.

Finansinspektionen Notifies The EU Regarding The Introduction Of New Risk Weight Floor For Commercial Real Estate

Date 15/05/2023

Finansinspektionen has notified the Commission and the European Systemic Risk Board (ESRB) that it intends to introduce weight floor for commercial real estate in accordance with Article 458 of the CRR. This will replace the current Pillar 2 risk weight floors for exposures secured by commercial real estate. The measure is planned to be effective from 30 September 2023.

ESAs Draw Consumers’ Attention To How Rises In Inflation And Interest Rates Might Affect Their Finances

Date 15/05/2023

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published an interactive factsheet to help consumers understand how the recent increases in inflation and interest rates can affect their money. This includes the financial products and services that consumers currently hold or plan to buy, such as loans, savings, financial investments, insurance and pensions.

Deutsche Börse Group: Business Indicators For April 2023

Date 15/05/2023

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

FTSE Russell Launches The FTSE UK ESG Risk-Adjusted Index Series

Date 15/05/2023

• The new index series includes ESG adjusted variants of the flagship FTSE 100, FTSE 250, FTSE 350 and FTSE All-Share indices
• Methodology Risk and return characteristics are balanced with ESG characteristics to provide an investible ESG alternative to the standard UK Equity Index Series
• Index integrates ESG risks such as controversial products and conduct, carbon (emissions and reserves) and the management of ESG issues

NGX Reiterates Commitment To Upholding Market Transparency Rules, Regulations

Date 15/05/2023

Nigerian Exchange Limited (NGX) reiterates its commitment to supporting the enforcement of regulations that enhances transparency in the capital market, by reminding investors to comply with rules on disclosure of substantial holdings in listed companies.

BETTER FINANCE: Withholding Tax On Cross-Border Dividends In The EU Continues To Be A Nightmare For Investors

Date 15/05/2023

Many investors commonly use the strategy of investing in dividend stocks. Yet, investors holding foreign shares often have to pay additional withholding tax on dividends in the respective country. A recent survey conducted by BETTER FINANCE and DSW among 3,000 investors across the EU found that withholding tax (WHT) refund procedures are cumbersome and costly, making it difficult or financially unreasonable for non-professional investors to reclaim excess withholding tax on cross-border dividend income. More than 90% of European investors find the WHT reclaim procedure overall difficult, while in close to 70% of cases the investors incurred costs. Moreover, substantial knowledge and compliance with refund procedures are required, and delays are also detrimental, thus undermining investors' confidence in cross-border investment within the EU. [...]

CFTC Commissioner Pham Announces Proposed Work Program For CFTC Global Markets Advisory Committee And Seeks Input By May 30

Date 15/05/2023

Commissioner Caroline D. Pham announced today the 2023-2025 proposed work program for the Commodity Futures Trading Commission’s Global Markets Advisory Committee (GMAC), including the Global Market Structure Subcommittee, the Digital Asset Markets Subcommittee, and the Technical Issues Subcommittee. Commissioner Pham is the sponsor of the GMAC and is seeking input to the proposed work program. The deadline for input is May 30, 2023.

DTCC Appoints Kevin Kessinger As Non-Executive Chairman Of Board Of Directors Upon Planned Retirement Of Robert Druskin At The End Of 2023

Date 15/05/2023

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that DTCC Board member Kevin M. Kessinger has been appointed Non-Executive Chairman of the DTCC Board of Directors and Chairman of the Board Executive Committee, effective January 1, 2024. Kessinger assumes the Non-Executive Chairman position from Robert Druskin, who is retiring from the DTCC Board at the end of 2023 after serving twelve years.

Fiserv To Present At Upcoming Investor Conferences

Date 15/05/2023

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced its participation in multiple upcoming investor conferences.