FTSE Mondo Visione Exchanges Index:

News Centre

ICE Global Network Expands In Key Asian Markets - Enhancements In Hong Kong, Shanghai And Tokyo Offer Managed Hosting Services And Ultra-Low-Latency Connectivity To Global Markets And Data

Date 15/12/2022

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the expansion of the ICE Global Network in the Asia Pacific region, with new access centers in Hong Kong, Shanghai and Tokyo. This follows a significant investment in the region and brings ICE’s network and managed services offerings to parity with other global financial centers in the U.S. and Europe.
US Department Of Justice - Eight Men Indicted For $114 Million Securities Fraud Scheme Orchestrated Through Social Media

Date 14/12/2022

A federal grand jury in the Southern District of Texas returned an indictment that was unsealed yesterday charging eight men with conspiracy to commit securities fraud for a long-running, social media-based “pump and dump” scheme.
Insider Trading Rules Get A Much Needed Facelift, SEC Commissioner Caroline A. Crenshaw, Dec. 14, 2022

Date 14/12/2022

By virtue of their positions, executives and certain other corporate insiders are routinely exposed to material nonpublic information (MNPI) —unpublished financial results, advanced merger discussions, unannounced business risks that have materialized. Trading on that information ahead of the public undermines confidence in our markets.
SEC Charges Financial Services Professional And Associate In $47 Million Front-Running Scheme

Date 14/12/2022

The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for perpetrating a multi-year front-running scheme that generated at least $47 million in illegal trading profits.
SEC Charges Four Individuals In Crypto Pyramid Scheme That Targeted Spanish-Speaking Communities - Forcount Trader Systems' Creator And Promoters Orchestrated $8.4 Million Fraud

Date 14/12/2022

The Securities and Exchange Commission today charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a fraudulent crypto asset pyramid scheme that raised more than $8.4 million from hundreds of retail investors primarily from Spanish-speaking communities throughout the United States and other countries.

ISDA derivatiViews: Looking To 2023

Date 14/12/2022

A single word can be used to sum up 2022: unpredictability. From the war in Ukraine to the meltdown in the crypto sector, this year has seen a succession of unanticipated events that have shaken markets. Given the uncertainty of the past 12 months, it’s challenging to make predictions about 2023, but there are several key issues we think will continue to be a priority: the treatment of non-bank financial intermediation (NBFI), further improving transparency and the ongoing development of sustainable finance.
Ordering Competition, SEC Commissioner Hester M. Peirce, Dec. 14, 2022

Date 14/12/2022

Thank you, Mr. Chair. Too often in its history, the SEC has sought to order competition rather than facilitate orderly competition. This latest effort to order competition threatens to create disorder in the capital markets, the functioning of which is so important to the rest of our economy. Accordingly, I cannot support this proposal.
Is This The Best Execution We Can Get?, SEC Commissioner Hester M. Peirce, Dec. 14, 2022

Date 14/12/2022

Thank you, Mr. Chair. A broker’s best execution obligation is one of its fundamental duties to its customers. The customer relies on the broker to exercise its judgment to figure out how best to execute a trade to achieve the customer’s objectives. The broker, as agent, must follow its principal’s—meaning its customer’s—orders and, as articulated in judicial precedents going back at least to the nineteenth century, must do so in good faith.
Statement On Proposed Rule Regarding Best Execution, SEC Commissioner Mark T. Uyeda, Dec. 14, 2022

Date 14/12/2022

Thank you, Chair Gensler. As with any proposed rule, a central question should be: does this rule address an important problem or failure in the markets? If not, then given that government regulation typically imposes costs, and often has unintended negative consequences, we should be circumspect.
SEC Proposes Regulation Best Execution

Date 14/12/2022

The Securities and Exchange Commission today proposed Regulation Best Execution, which would establish through Commission rules a best execution regulatory framework for brokers, dealers, government securities brokers, government securities dealers, and municipal securities dealers. While a best execution rule was first established in 1968 by the National Association of Securities Dealers, Inc., the predecessor to the Financial Industry Regulatory Authority, Inc., the proposed rule, if adopted, would create the first SEC-established rule concerning best execution.