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SEC Charges Advisory Firm And Part-Owner For Breach Of Fiduciary Duty In Connection With Use Of Leveraged ETFs

Date 04/05/2023

The Securities and Exchange Commission today announced settled charges against Fargo, North Dakota-based investment adviser Classic Asset Management LLC (CAM) and indirect part-owner and investment adviser representative Douglas G. Schmitz for breach of fiduciary duty in connection with the use of leveraged exchange traded funds (ETFs) in discretionary client accounts.

Nodal Exchange Achieves Records In Power And Environmental Futures With 25% And 179% Growth Respectively In Trading Volume In April

Date 04/05/2023

Nodal Exchange today announced new records in power and environmental futures.  In power, Nodal set a calendar month record for April with traded power futures volume of 306 million MWh, up 25% from 244 million MWh in April 2022.  Nodal continues to be the market leader in North American power futures with a record 52.4% share of open interest at the end of April with 1.269 billion MWh open interest representing $117 Billion of notional value based on both sides.

EBA Notes EU Wide Consistent Implementation Of 2022 Priorities In Supervisory Work Programmes And Further Improvements In The Functioning Of Supervisory Colleges But Calls For More Attention In Some Areas

Date 04/05/2023

The European Banking Authority (EBA) today published its annual Report on convergence of supervisory practices for 2022. The common supervisory impetus across the EU met its goal for most of the supervisory priorities set in the EBA European Supervisory Examination Programme for 2022 (ESEP), although competent authorities are still in the process of building up their capacity to review the risks associated with the digital transformation and environmental, social and corporate governance (ESG). Competent authorities also showed ability to react to macro events that affected the financial situation of institutions under their supervision, though timely information exchange and cooperation should be enhanced. Lastly, supervisors consciously applied proportionality in their supervisory practices.

CFTC Commissioner Pham To Speak At The HLS-PIFS 21st Annual Europe-U.S. Symposium

Date 04/05/2023

SEC Announces New Members Of Small Business Capital Formation Advisory Committee

Date 04/05/2023

The Securities and Exchange Commission today announced 14 new members of the Small Business Capital Formation Advisory Committee. The new members were appointed to four-year terms to fill vacancies arising primarily from the expiration of prior members’ terms.

Reserve Bank Of India And Bank For International Settlements Invite Cross-Border Payments Solutions For G20 Techsprint

Date 04/05/2023

• The Reserve Bank of India (RBI) and the Bank for International Settlements (BIS) are launching the fourth G20 TechSprint hackathon for global innovators.
• The 2023 global competition is seeking solutions to improve cross-border payments.
• Open to developers worldwide, competition will conclude in Q3 2023.

The State Of Crypto Derivatives - Kaiko Research: Deep Dive

Date 04/05/2023

Derivatives markets in crypto are not only where the most speculation occurs, but also where many sophisticated investors place their bets, hedged or conviction-based. The directionality of these bets: long/shorts or puts/calls can give us great insight into investor sentiment in crypto markets particularly before and after big market events, such as a Fed meeting or the Merge. In this article, I’ll walk through the state of derivative markets in crypto right now, looking closely at Bitcoin and Ethereum first, before exploring some altcoins that are getting attention in futures markets, and finally looking at the exchange landscape in the derivatives market.

CFTC Commissioner Johnson To Deliver Keynote Remarks At The Women In Derivatives (WIND) Event At The Federal Reserve Bank Of Atlanta

Date 04/05/2023

Nasdaq Announces New Chair Of The Canadian Exchange Board

Date 04/05/2023

Nasdaq, Inc. (Nasdaq:NDAQ) today announced the appointment of Mary Anne Wiley as the Chair of the Nasdaq CXC Limited (“Nasdaq Canada”) Board of Directors, finalizing the slate of board members for 2023.

Intercontinental Exchange Approves Second Quarter Dividend Of $0.42 Per Share

Date 04/05/2023

Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, announced today a $0.42 per share dividend for the second quarter of 2023, which is up 11% from the $0.38 per share dividend paid in the second quarter of 2022. The cash dividend is payable on June 30, 2023, to stockholders of record as of June 15, 2023. The ex-dividend date is June 14, 2023.