News Centre

ASIC Takes Aim At The Distribution Of OTC Derivatives And Other High-Risk Products To Retail Clients

Date 06/09/2023

ASIC is taking aim at the broad distribution of over-the-counter (OTC) derivatives and other high-risk retail products after a recent targeted review found significant room for improvement in how they meet their design and distribution obligations (DDO). 

Nasdaq August 2023 Volumes

Date 05/09/2023

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for August 2023 on its investor relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

Deutsche Börse: United Internet To Be Included In MDAX

Date 05/09/2023

• Two changes in SDAX, one in TecDAX
• No adjustments in DAX

SEC Charges Five Advisory Firms For Custody Rule Violations

Date 05/09/2023

The Securities and Exchange Commission today announced charges against five investment advisers for failing to comply with requirements related to the safekeeping of client assets. Three of the firms were also charged with failing to timely update SEC disclosures regarding audits of their private fund clients’ financial statements. All five advisory firms have agreed to settle the SEC’s charges and to pay more than $500,000 in combined penalties.

Vienna Stock Exchange: Telekom Austria To Replace STRABAG In ATX As Of 18 September

Date 05/09/2023

The semi-annual review of the Austrian indices by the Index Committee resulted in one change. As of 18 September Telekom Austria AG is added to the ATX national index, which comprises the 20 largest and most frequently traded shares. The telecommunications company replaces STRABAG SE due to a higher free float capitalisation and stronger stock exchange turnover. However, there are no changes in the ATX Five: Erste Group Bank AG, OMV AG, Verbund AG, Andritz AG and Bawag Group AG continue to be the five largest companies on the Vienna Stock Exchange. The free float factors of the companies in the prime market also remain unchanged. The free float factor indicates how many shares of a company circulate among the public and influences how strongly a share is weighted in the index. The next scheduled review of the composition of Austrian indices will take place in March 2024; the free float factors will be reviewed again on 5 December 2023.

BIS- Energy Shocks As Keynesian Supply Shocks: Implications For Fiscal Policy

Date 05/09/2023

The recent energy crisis has elicited much debate about its distributional and macroeconomic consequences and the appropriate fiscal (and monetary) policy response. Accordingly, the fiscal policy debate has focused on the need to target income support (in the form of subsidies or tax rebates) to the most vulnerable households. In this paper we develop a model to investigate the economic impact of energy supply shocks and the optimal fiscal policy response to them.

OCC Reports August 2023 Monthly Volume Data

Date 05/09/2023

OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through August 2023 was 44.6 million contracts. Total monthly volume for August 2023 was 1 billion contracts.

SEC Charges Private Equity Firm Prime Group For Inadequate Disclosure Of Fees Paid To Affiliate - NY-Based Company To Pay $20.5 Million To Settle Charges

Date 05/09/2023

The Securities and Exchange Commission today charged Prime Group Holdings LLC, a private equity firm focused on alternative real estate asset classes, for failing to adequately disclose millions of dollars of real estate brokerage fees that were paid to a real estate brokerage firm that was owned by its CEO. Prime Group agreed to pay a $6.5 million civil penalty and more than $14 million in disgorgement and prejudgment interest to settle the charges.

Ulf Axman Joins Exberry As Chief Commercial Officer

Date 05/09/2023

Exberry, a leading exchange technology provider, has appointed Ulf Axman as Chief Commercial Officer. With his vast financial industry experience and Exberry's technological expertise, this collaboration aims to accelerate the growth of the company in the Capital Markets sector. Axman's knowledge, combined with the company's innovative capabilities, will drive progress and success in the industry.

LSEG Looks To Blockchain For Cross-Asset Digital Markets Business

Date 05/09/2023

The London Stock Exchange Group is exploring the use of blockchain technology to create a seamless and efficient digital market ecosystem for capital raising and asset transfers.