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Loyal Valley Capital Achieves 11 IPOs In 2020 With Pop Mart Listing In Hong Kong - Leading Designer Collectibles Maker Pop Mart Becomes Latest Fast-Growth Chinese Company To Stage IPO After Backing From Shanghai-Based Private Equity Firm Loyal Valley Capital

Date 11/12/2020

Private equity firm Loyal Valley Capital announces that the Pop Mart Initial Public Offering on the Hong Kong Stock Exchange (HKEX) has become the eleventh IPO among its investment portfolio in 2020. Loyal Valley Capital has invested a total of $87.5m in Pop Mart and led its most recent funding round in early 2020, alongside other investors such as Sequoia Capital, which saw the company raise over US$100m.

Nadex Refrains From Listing Certain Contracts

Date 11/12/2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No GBP/JPY 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date December 7, 2020;

• No GBP/JPY or USD/CAD 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date December 10, 2020.

US Justice Department Announces Additional Distribution Of More Than $488 Million To Victims Of Madoff Ponzi Scheme

Date 10/12/2020

The Department of Justice announced today that the Madoff Victim Fund (MVF) began its sixth distribution of approximately $488 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to almost $3.2 billion to nearly 37,000 victims worldwide. 

BOX Business Continuity Planning – Trading Floor Closure

Date 10/12/2020

On Friday, December 11, 2020, BOX Exchange LLC (“BOX”) will initiate its business continuity plan and move, on a temporary basis, to fully electronic trading.

Remarks Of CFTC Chairman Heath P. Tarbert To The 36th Annual FIA Expo 2020

Date 10/12/2020

Good morning everyone.

First, I want to thank you, Walt, and I want to thank FIA for inviting me back to this really important gathering of derivatives industry participants. I hope that everyone is staying safe and I hope that we can all be together soon. When we were here at the 2019 FIA Expo – that feels like five years ago, doesn’t it – I laid out a mission and vision for the CFTC. Our mission is to promote the integrity, resilience, and vibrancy of U.S. derivatives markets through sound regulation. Our vision is to be the global standard for sound derivatives regulation.

Joint Trade Associations Letter Requesting DTO Equivalence

Date 10/12/2020

On December 9, ISDA and seven other trades associations (the Association for Financial Markets in Europe, the Alternative Investment Management Association, the European Banking Federation, Electronic Debt Markets Association Europe, the European Venues and Intermediaries’ Association, FIA and the asset management group of the Securities Industry and Financial Markets Association) sent a letter requesting that the European Commission recognize the equivalence of UK trading venues for the purposes of the derivatives trading obligation before the end of the Brexit transition period. Otherwise, the long-term consequences for use of market infrastructure are uncertain.

SIFMA Fixed Income Market Close Recommendations In The U.S., The U.K., And Japan For The Christmas Holiday

Date 10/12/2020

SIFMA has confirmed its previous holiday recommendations for the U.S., the U.K., and Japan in observance of the Christmas holiday.

CFTC: Technology Advisory Committee Releases Agenda For Upcoming Public Meeting, December 10, 2020

Date 10/12/2020

The Technology Advisory Committee (TAC) today released the agenda for the upcoming public meeting that will be held via teleconference on Monday, December 14, 2020. CFTC Commissioner Brian Quintenz is the sponsor of the TAC.

Liberty’s Loss, SEC Commissioner Hester M. Peirce, Washington D.C., Dec. 10, 2020 - Remarks To The Federalist Society’s Capital Conversations: A Teleforum Series

Date 10/12/2020

Thank you, Dean [Reuter].  I have to start with my standard disclaimer, which is that my views represent my own views and not necessarily those of the Securities and Exchange Commission or my fellow Commissioners.  Last week, the nation lost economist Walter Williams.  Dr. Williams, in addition to his academic research, spent his career explaining economics to both graduate and undergraduate students in the classroom and ordinary people in his syndicated columns. 

FIA November 2020 SEF Tracker

Date 10/12/2020