News Centre

Federal Court Orders Virginia Resident To Pay More Than $5 Million For Futures And Options Fraud

Date 14/05/2021

The Commodity Futures Trading Commission announced today that Judge John A. Gibney, Jr., of the U.S. District Court for the Eastern District of Virginia entered a Consent Order for Permanent Injunction, Restitution and Ancillary Equitable Relief against defendant Leonard J. Cipolla finding, among other things, that Cipolla fraudulently solicited individuals to place funds in a commodity pool to trade futures and options while misappropriating more than $5 million of the money he was given to trade. The order requires that Cipolla pay restitution of $5,102,283.51 and imposes permanent trading and registration bans.

BIS: CCP Auction Design

Date 14/05/2021

Summary

Focus

When a clearing member defaults, the central counterparty (CCP) organises an auction to sell the member's portfolio to surviving members. The higher the price of the auctioned portfolio, the lower the default loss, and thus the smaller the extent to which the CCP taps into the so-called guarantee fund, which is prefunded by members. To safeguard its resilience and reputation, the CCP seeks to encourage active bidding and minimise the default loss. We propose a tractable model to examine the design of CCP auctions.

Moscow Exchange: Risk Parameters Change For The Securities

Date 14/05/2021

The following risk parameters will be changed:

Hex Trust Partners With Chainalysis To Provide A Compliance-Focused Custody Solution For Financial Institutions

Date 14/05/2021

Hex Trust, the leading digital asset custodian for the banking sector, today announced its partnership with Chainalysis, the blockchain analysis company. Hex Trust will adopt Chainalysis KYT (Know Your Transaction), the compliance solution, for real-time transaction monitoring, and Chainalysis Reactor, the investigative tool, for enhanced due diligence. This collaboration will enable Hex Trust to add an additional layer to its already robust compliance features for its proprietary platform, Hex Safe™, providing financial institutions peace of mind for their digital asset transactions.

Moscow Exchange: REPO Risk Parameters Change For The Security MOEX - Update 4

Date 14/05/2021

As per the Securities market risk parameters methodology, on 14.05.2021, 15-56 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -185.36 %), penalty rate and IR Risk Rate (up to -2.994 rub) for the security MOEX were changed. New values are available here

ETFGI Reports Assets Invested In ETFs And ETPs Listed In United States Broke Through The US$ 6 Trillion Milestone At The End Of April 2021

Date 14/05/2021

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reports assets invested in ETFs and ETPs listed in United States broke though the US$ 6 trillion milestone at the end of April. ETFs and ETPs listed in US gained net inflows of US$76.79 billion during April, bringing year-to-date net inflows to a record US$329.03 billion. Assets invested in the US ETFs and ETPs industry have increased by 5.1%, from US$5.91 trillion at the end of March, to US$6.21 trillion, according to ETFGI's April 2021 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)    

The Sandbox Admits A Blockchain-Based SME Financing Platform By BME

Date 14/05/2021

• The project envisages the creation of a platform that facilitates the financing of small and medium-sized companies through the issuance of digital tokens.
• This platform would be complemented with other SME financing alternatives provided by BME

Hedosophia Lists On Euronext Amsterdam

Date 14/05/2021

Euronext today congratulates Hedosophia, an investment firm, on its listing on Euronext Amsterdam (ticker code: HEGA, HEGAU and HEGAW). It is the fourth SPAC-listing on Euronext markets in 2021.

Widestep GmbH: BaFin Issues Cease And Desist Order To Immediately Stop And Wind Up Unauthorized Money Remittance Business

Date 14/05/2021

As of 22 April 2021, BaFin issued a cease and desist order to Widestep GmbH to stop and wind up the unauthorized money remittance business immediately.

FESE: Updated Input On MIFIR “Non-Discriminatory” Access: How To Incentivise ETDs Trading

Date 14/05/2021

The EU’s current political reflections on key initiatives, such as the future of the Capital Markets Union (CMU) or the international role of the Euro, are a symbol of the need to have fully operational, stable and independent market infrastructures to support through their capital-raising and risk-management functions the financing of EU economies.