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Testimony Before The United States Senate Appropriations Subcommittee On Financial Services And General Government, Paul S. Atkins, SEC Chairman, Washington D.C., June 3, 2025
Date 03/06/2025
Chairman Hagerty, Ranking Member Reed, and members of the Subcommittee. Thank you for inviting me to testify today.[1]
I am grateful for the opportunity to discuss the Securities and Exchange Commission, including our important mission on behalf of our fellow citizens, investors, and taxpayers. I also appreciate the opportunity as well to speak to some of my priorities as Chairman.
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Economic Outlook, Federal Reserve Governor Lisa D. Cook, At The Council On Foreign Relations, New York, New York
Date 03/06/2025
Thank you, Michael. I am honored to be back at the Council on Foreign Relations.
I would like to congratulate you on becoming president of this august body. I have known Mike for some time. In fact, he helped me when I was a graduate student working on my dissertation on Eastern Europe at the University of California, Berkeley and visited the Treasury Department. I am grateful for your generosity during that time and over my career, Mike. I also want to thank the Council on Foreign Relations for awarding me a postdoctoral International Affairs Fellowship that allowed me to serve at the Treasury Department. This fellowship provided a transformational experience, and today, as a Federal Reserve Governor, I regularly draw on the significant lessons I learned during the 2000–01 period. I am glad to see this important program still going strong.
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SIFMA Welcomes Senate Introduction Of E-delivery Legislation
Date 03/06/2025
SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the introduction of legislation, the “Improving Disclosure for Investors Act of 2025 (S. 1877),” that would direct the SEC to promulgate rules that would expand access to electronic delivery of certain required financial disclosures:
“The time has come – and arguably is overdue – to implement electronic delivery as the default means for delivering investor communications, while giving investors the power to choose paper delivery if preferred. Research shows a large majority of retail investors across demographics, regardless of income or age, want e-delivery for its environmental benefits, speed, and convenience. SIFMA commends Senator Thom Tillis, John Hickenlooper, Mike Rounds, Jeanne Shaheen, Ted Budd, Gary Peters, Katie Britt for their leadership in introducing this important legislation that builds on the progress of implementing an e-delivery framework suitable for the 21st century.”
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BME Presents Its Foreign Exchange Transaction Settlement System FXS Along With Its First Participants, Banca March And Bankinter
Date 03/06/2025
- The main advantages of the new system compared to bilateral settlement are improved efficiency and reduced risks in foreign exchange transactions
- The global foreign exchange market trades more than 7.5 trillion dollars a day
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Himalaya Shipping Transfers To Euronext Oslo Børs
Date 03/06/2025
- Market capitalisation of approximately NOK 2.8 billion
- The second transfer on Euronext Oslo Børs this year
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CME Group Sets New May ADV Record Of 28.9 Million Contracts, Up 11% Year Over Year
Date 03/06/2025
- Record May ADV in interest rate, metals and cryptocurrency products
- SOFR futures ADV grew 31% over May 2024
- International ADV increased 15% to 8.7 million contracts
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OCC May 2025 Monthly Volume Data
Date 03/06/2025
OCC announced today that year-to-date average daily volume through May 2025 was 57,984,246 contracts. Total monthly volume for May 2025 was 1,174,214,285 contracts.
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Euronext Tech Leaders Welcomes Eight New Companies On The Occasion Of Its 2025 Annual Review
Date 03/06/2025
Launched in June 2022, the Euronext Tech Leaders initiative builds on Euronext’s vibrant Tech ecosystem and longstanding commitment to technology companies. Three years after its launch, Euronext Tech Leaders counts 110 companies.
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Purdue University/CME Group Ag Economy Barometer: Farmer Sentiment Reaches A Four-Year High In May
Date 03/06/2025
Farmer sentiment improved for the second consecutive month in May, reaching its highest level since May 2021. The Purdue University/CME Group Ag Economy Barometer rose 10 points to a reading of 158, up from 148 in April. Both the Index of Current Conditions and the Index of Future Expectations contributed to the increase, with the current conditions index up 5 points to 146 and the future expectations index jumping 12 points to 164. The sentiment boost was driven by a more optimistic outlook on U.S. agricultural exports and a less negative view of how tariffs will impact farm income in 2025. The May barometer survey took place May 12-16.
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LongPoint Launches Five Triple-Leveraged ETFs Benchmarking Three Solactive Indices
Date 03/06/2025
Building on LongPoint Asset Management Inc.’s successful inaugural launch of triple-leveraged ETFs in Canada, Solactive is pleased to announce a further collaboration. The Canadian ETF issuer recently launched five additional 3× long and inverse ETFs, each benchmarked to one of three Solactive indices. The expanded suite of products offers Canadian investors targeted exposure to long-duration U.S. Treasury securities, Canadian banks, and Canadian gold miners.