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BIS: The Matthew Effect And Modern Finance: On The Nexus Between Wealth Inequality, Financial Development And Financial Technology

Date 06/07/2020

Focus

In the social sciences, the idea of the well endowed receiving further privilege, eg the rich getting richer, is often called the "Matthew effect" (New Testament Book of Matthew, 25:29). In economics, this effect is relevant particularly for wealth inequality. The effect could be amplified by financial development and technological advances that give investors access to better financial services or to assets with higher returns.

ACER To Decide On Electricity Methodology For Operational Security Coordination In 13 EU Member States

Date 06/07/2020

The Regulatory Authorities for energy  in Austria, Belgium, Croatia, Czech Republic, France, Germany, Hungary, Luxembourg, Netherlands, Poland, Romania, Slovakia and Slovenia –the so called core region- asked the European Union Agency for the Cooperation of Energy Regulators (ACER) to decide on a common methodology for regional operational security coordination in electricity. Continue reading

Tradeweb Reports Robust Monthly Volumes In June; Strong Second Quarter Caps Record Half Year

Date 06/07/2020

Average daily volume (ADV) across rates, credit, equities and money markets for Tradeweb Markets was $780.9 billion (bn) in June 2020, a decrease of 8.9 percent (%) year over year (YoY). The decrease was driven primarily by softness in trading of lower fee per million swaps with tenor < 1 year. Average daily trades for the month totaled 50,875.

BIS: Basel Committee Reports On Basel III Implementation Progress

Date 06/07/2020

• Report sets out the adoption status of Basel III standards in member jurisdictions as of end-May 2020
• Report shows further progress in implementing these standards since previous report in October 2019
• Committee will continue to closely monitor the implementation of Basel III reforms

Upgraded Gas Network Codes Functionality Platform Launched By ACER And ENTSOG

Date 06/07/2020

The Gas Network Codes Functionality Platform (FUNC), which facilitates stakeholders to raise any implementation issues related to the Gas Network Codes, has been upgraded and the new version launched today. Among other new features, non-registered users can now see the issues and the proposed solutions on the platform.

Emerging Market FX Volumes Return To Pre-COVID-19 Levels

Date 06/07/2020

Emerging markets (EM) currency pair volumes returned to near pre-COVID-19 levels for the first time since the crisis in the latter three weeks of June, according to data from FXLIQUIDITY, provided by Mosaic Smart Data, CLS and MUFG. In the previous report from the free foreign exchange data analytics service, EM currencies had been at +11% of pre-crisis levels.

Maximilian von Wallenberg Joins Management Board Of Boerse Stuttgart Digital Exchange GmbH

Date 06/07/2020

Maximilian von Wallenberg (36) has become a member of the Management Board of Boerse Stuttgart Digital Exchange GmbH on 1 July 2020. He succeeds Dr Dirk Sturz, who has left the company at his own request to pursue a new career challenge. Beside von Wallenberg, Peter Großkopf is also a member of the Management Board of the company, which is the technical operator of Boerse Stuttgart Digital Exchange (BSDEX). Boerse Stuttgart Digital Exchange GmbH is a joint venture of Boerse Stuttgart GmbH, Axel Springer SE, finanzen.net GmbH and SBI Crypto Investment.

Effective July 6, 2020 Through July 10, 2020, MIAX Options And MIAX Emerald 2X Opening And Intraday Valid And Priority Quote Spread Relief In All Symbols

Date 06/07/2020

Issue Symbol: All Symbols
Multiplier: 2X
Reason: In maintenance of a fair and orderly market.
Time: Opening and Intraday
Subject Summary: Please be advised, effective July 6, 2020 through July 10, 2020, the MIAX Regulation Department has granted 2 times opening and intraday quote parameter relief for all symbols on MIAX Options and MIAX Emerald . 

Nigerian Stock Exchange Masks For All Nigerians Campaign Receives Boost From Private Sector

Date 06/07/2020

The rapid rise in confirmed cases of Coronavirus (COVID-19) in Nigeria demands more collective, decisive, coordinated and inclusive action in the fight against the virus. Now is the time for government, private sector and well-meaning individuals to come together to flatten the curve.

Trading Technologies Enters Into Multi-Year Agreement With TP ICAP For Implementation Of TT® OMS

Date 06/07/2020

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and the Institutional Services division (IS) of TP ICAP, the world’s largest interdealer broker, today announced the two firms have entered into a multi-year agreement whereby TP ICAP will utilize TT’s new Order Management System (OMS) solution. Through this agreement, TP ICAP IS will replace 85 trading screens in London, Paris and New York with TT’s award-winning TT Pro trading screen.