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Retail Investor Sentiment On Crude Oil Rose In February As OPEC Anticipates Demand Growth - Spectrum Markets

Date 06/03/2023

• Monthly SERIX sentiment for both WTI and Brent indices has strengthened steadily since early last year
• Re-opening of Chinese economy and reduced supply forecasts from Russia affecting outlook
• WTI sentiment reached highest point since August 2021

SEC Files Emergency Action Against Miami Investment Adviser BKCoin And Principal Kevin Kang For Orchestrating $100 Million Crypto Fraud Scheme

Date 06/03/2023

The Securities and Exchange Commission today announced that it filed an emergency action in which it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, in connection with a crypto asset fraud scheme. From at least October 2018 through September 2022, BKCoin raised approximately $100 million from at least 55 investors to invest in crypto assets, but BKCoin and Kang instead used some of the money to make Ponzi-like payments and for personal use.

EBS Direct Announces Rulebook Changes To Help Drive Industry Adoption Of FX Global Code

Date 06/03/2023

EBS, a leading provider of electronic trading platforms and technology services in foreign exchange markets, today announced an update to its liquidity provider eligibility criteria for EBS Direct, its relationship-based quote-driven market, to help accelerate the industry shift towards full compliance with the FX Global Code.

Remarks At The “Going Public In The 2020s” Conference, Columbia Law School/Business School Program In The Law And Economics Of Capital Markets, SEC Commissioner Mark T. Uyeda, New York, NY, March 3, 2023

Date 06/03/2023

Good morning and thank you, [Columbia Law School] Dean [Gillian] Lester, for the introduction. I am honored to speak to this distinguished group of academics, practitioners, and regulators at today’s “Going Public in the 2020s” conference. My remarks reflect solely my individual views as a Commissioner and do not necessarily reflect the views of the full Commission or my fellow Commissioners.

Dollars To Crypto: What Is The Future Of Fiat On-Ramps? - Kaiko Research: Data Debrief

Date 06/03/2023

Welcome to the Data Debrief! Markets are steady to start the week after a volatile Friday in reaction to the closure of SEN, Silvergate's instant payment network. In other news, the SEC has its eyes set on Binance.US, the Shanghai upgrade on Goerli testnet got a launch date, and Yuga Labs released an ordinals NFT collection. On the data side, we explore: 

TMX Group Consolidated Trading Statistics – February 2023

Date 06/03/2023

TMX Group Limited today announced February 2023 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha) and Montréal Exchange (MX).

BIS: Volume Dynamics Around FOMC Announcements

Date 06/03/2023

Summary

Focus 

From 1994 to 2011, about 80% of excess returns in the equity market could be obtained in the 24 hours before scheduled Federal Open Committee (FOMC) announcements. In the standard economic paradigm, price is determined through trading between buyers and sellers. The 1987 market crash demonstrated that the mechanics of trading can significantly affect market prices. To shed light on the price formation process, this paper studies the volume dynamics around FOMC announcements.

Readout: US Secretary Of The Treasury Janet L. Yellen's Call With Sri Lankan President Ranil Wickremesinghe

Date 06/03/2023

Today, U.S. Secretary of the Treasury Janet L. Yellen spoke with Sri Lankan President Ranil Wickremesinghe. During their meeting, Secretary Yellen expressed support for Sri Lanka’s steps towards an IMF-supported program to advance economic reform and achieve a strong and durable recovery. The Secretary welcomed Sri Lanka’s commitments to transparency and comparable treatment for all bilateral official and private creditors. 

BaFin Investigates Operators Of Website buchecoinvestments.com

Date 06/03/2023

BaFin suspects the operators of the website buchecoinvestment.com of offering consumers financial and investment services without the required authorisation. The unknown operators do not have authorisation under the German Banking Act (Kreditwesengesetz – KWG) or the German Investment Firm Act (Wertpapierinstitutsgesetz – WpIG) to offer these services.

February 2023 Figures At Eurex

Date 06/03/2023

• OTC Clearing and Repo volumes continued their upward trend.
• Repo Market volumes nearly doubled to EUR 209.8 billion y-o-y.
• Notional outstanding in OTC clearing up 21 percent.