News Centre

Single Name CDS: RFM Is Next Frontier For E-Trading In Emerging Markets, By Christopher Basler And Tannia Munroe, Tradeweb

Date 10/05/2023

Last month, Tradeweb became the first electronic trading platform to deploy the request-for-market (RFM) protocol to facilitate a fully electronic single name CDS trade. The two-way market, for which BNP Paribas acted as liquidity provider, involved an emerging market sovereign CDS product, and was executed on Tradeweb’s institutional credit platform.

CCData Monthly Exchange Review: Crypto Trading Activity Falls To 4 Month Low

Date 10/05/2023

In April, the combined spot and derivatives trading volume on centralised exchanges fell 27.9% to $2.77tn, recording the first month-on-month decline in trading volume this year. The decline in trading activity saw centralised exchanges record their lowest volumes since December 2022. This follows a month in which the price of major crypto assets, including Bitcoin and Ethereum, stayed largely range-bound after failing to break key resistance levels.

ESMA Postpones To 2024 The Annual IFRS Amendment Of The ESEF

Date 10/05/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has decided to postpone to 2024 the amendment of the European Single Electronic Format (ESEF) Regulatory Technical Standard (RTS). This decision is in part due to the limited changes in the 2023 update to the International Financial Reporting Standards (IFRS) Taxonomy. Throughout 2023, ESMA will monitor the implementation of the ESEF requirements, assess how to improve digital reporting and develop the ESEF sustainability taxonomy and requirements.

New Chief Economic Adviser To The UK Treasury Appointed

Date 10/05/2023

The Cabinet Secretary, with the approval of the Prime Minister and the Chancellor, has announced the appointment of Sam Beckett as the new Chief Economic Adviser to the Treasury. She replaces Clare Lombardelli, who was recently appointed as the Organisation for Economic Co-operation and Development Chief Economist.

BNP Paribas Asset Management Strengthens Sustainability Centre Capabilities

Date 10/05/2023

BNP Paribas Asset Management (‘BNPP AM’) announces the appointments of two new members of its Sustainability Centre, strengthening its capabilities in stewardship and research into equality and inclusive growth investment themes.

EGX Participates In The Annual Conference Of Arab Federation Of Capital Markets (AFCM)

Date 10/05/2023

The Egyptian Exchange (EGX) participated in the Annual Conference of Arab Federation of Capital Markets (AFCM), one of the biggest events of capital markets in the MENA region, hosted this year by Muscat Stock Exchange on May 9 - 10, 2023.
 

CF Partners Deploys Cassini Systems To Manage Initial Margin

Date 10/05/2023

Cassini Systems, the industry leader of pre- and post-trade margin and collateral analytics for derivatives market participants, announces today its partnership with CF Partners, the leading provider of energy and environmental solutions for companies looking for a low-carbon future, with services including emissions and carbon credits trading. With greenhouse emissions regulations being increasingly adopted by countries around the globe, carbon credits trading is getting increasing attention within commodity markets.

Thai Digital Assets Exchange Joins Forces With RealX And Token X To Develop Digital Token To Keep Pace With The Modern Age Of Investment

Date 10/05/2023

Thai Digital Assets Exchange (TDX) pushes forward promoting fundraising through digital token offerings in line with its strategic plan to simplify investment for entrepreneurs and investors by partnering with Real Estate Exponential Co., Ltd. (RealX) and Token X Co., Ltd. (Token X) to offer fractionalized digital asset. The digital asset product is a solution to make fundraisers and investors easier tap into the digital asset market to cater for a new era of investment. TDX’s first ever digital token is expected to debut this year.

Pzena Investment Management Implements Rimes’ Investment Management Platform Matrix

Date 10/05/2023

• Provides portfolio optimization activities on behalf of clients
• Underpins firm-wide automation goals
• Accelerates time-to-market service delivery capabilities

UK Financial Conduct Authority Warns Of Impending Consumer Duty Deadline

Date 10/05/2023

With fewer than 90 days to go until the start of the Consumer Duty the Financial Conduct Authority (FCA) has urged firms to ensure they are ready for the 31 July deadline.