News Centre

AFX Forms Strategic Alliance With Citi - Citi To Join AFX, Make Markets In AMERIBOR® Futures, Swaps

Date 30/11/2020

AFX has formed a strategic alliance with Citi in which the Bank will join the American Financial Exchange (AFX). Citi will also engage in position hedging using AMERIBOR® futures and provide market-making in AMERIBOR® interest rate swaps.

BOX Options Enhanced Price Protection – NBB/NBO Parameter Change

Date 30/11/2020

Effective Tuesday, December 1, 2020, BOX Options (“BOX”) will implement the following change for Enhanced Price Protections:

• The price parameters for all incoming Limit Orders will be set at the price 100% greater than the NBO (for incoming buy orders), and 100% less than the NBB (for incoming sell orders), when the NBB/NBO is priced at or below $5.05; and the price parameters are set at the price 90% greater than the NBO (for incoming orders), and 90% less than the NBB (for incoming sell orders), when the NBB/NBO is priced above $5.05.

CFTC Staff Extends No-Action Relief From Compliance With Certain Timing Requirements For Submitting Fiscal-Year End Reports

Date 30/11/2020

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today extended previously provided no-action relief to swap execution facilities (SEFs) from the timing requirements to file fourth-quarter financial reports, as required in CFTC Regulation 37.1306(d), and to submit annual compliance reports, as required in CFTC Regulation 37.1501(f)(2), as written in CFTC No-Action Letter No. 17-61.   

Coronavirus Aid, Relief, And Economic Security Act, Federal Reserve Chair Jerome H. Powell, Before The Committee On Banking, Housing, And Urban Affairs, U.S. Senate, Washington, D.C.

Date 30/11/2020

Chairman Crapo, Ranking Member Brown, and other members of the Committee, thank you for the opportunity to update you on our ongoing measures to address the hardship wrought by the pandemic.

S&P Dow Jones Indices Europe Dashboard

Date 30/11/2020

• Promising results from COVID-19 vaccines announced in November triggered a global equity rally that saw the S&P Europe 350® complete its best month, ever. 
• It was a month of reversals in the most beaten-up sectors and factors within European equities; Energy, Financials, and Value posted big monthly gains.  
• Riskier credits in the European markets enjoyed a lift from tightening spreads, while safe havens lagged.  

CFTC Commitments Of Traders Update

Date 30/11/2020

The current reports for the week of November 24, 2020 are now available.

ISDA Statement On IBA, UK FCA And Federal Reserve Board Announcements On US Dollar LIBOR Consultation

Date 30/11/2020

SDA has published the following statement in response to today’s announcements by ICE Benchmark Administration (IBA), the administrator of LIBOR, the UK Financial Conduct Authority (FCA) and the Federal Reserve Board (FRB).

SIFMA Supports Proposal To Strengthen Data Security In The Consolidated Audit Trail

Date 30/11/2020

SIFMA today filed a comment letter with the Securities and Exchange Commission (SEC) which supports the proposed amendments to the NMS plan governing the Consolidated Audit Trail (CAT), calling them a “significant step forward” in holding the CAT to the highest security standards.

BOX Options: SAIL Order Entry Connectivity Modifications

Date 30/11/2020

On December 14th, 2020, BOX Options (“BOX”) will implement modifications to the SAIL order entry connectivity.

The EU Prepares For The End Of LIBOR: The Commission Welcomes The Agreement Reached Between The European Parliament And The Council On Financial Benchmarks

Date 30/11/2020

The European Commission today welcomed the agreement reached by the European Parliament and the Council on important amendments to EU rules on financial benchmarks.  The Commission proposed these amendments on 24 July 2020 to ensure that the EU's financial stability is not harmed when a widely used benchmark is phased out, as will soon be the case with the London Interbank Offered Rate (LIBOR). Benchmarks are an intrinsic part of financial markets: they are indices used, in particular, to price financial instruments and contracts (including household mortgages) or to measure the performance of an investment fund.