News Centre

CME Group Statement On Ronin, LLC

Date 20/03/2020

CME Group today confirmed that, pursuant to its rules, CME Clearing auctioned off portfolios of Ronin, LLC.  The auction process was completed this morning, March 20, 2020.  Though Ronin is a direct clearing member, it does not handle customer business; and no clients were impacted by the auction.  The firm was unable to meet its capital requirements going forward. 

CFTC Commitments Of Traders Update

Date 20/03/2020

The current reports for the week of March 17, 2020 are now available.

Joint US Market Trade Associations Statement On Keeping Financial Markets Open Amid Coronavirus

Date 20/03/2020

SIFMA joined the Managed Funds Association, U.S. Chamber of Commerce, American Cotton Shippers Association, International Swaps and Derivatives Association and Investment Company Institute today in issuing the following statement on the importance of keeping U.S. financial markets open:

“The U.S. financial markets are critical infrastructure to our nation, and they continue to function as designed despite the volatility caused by the coronavirus. Keeping all U.S. financial markets open is essential to the well-being of the general economy and vital to maintaining and bolstering investor confidence, particularly once the economy recovers from effects of this pandemic.”

SEC Emergency Action Stops Digital Asset Scam - Defendants Claimed Expected Returns Of Up To 224,923%

Date 20/03/2020

The Securities and Exchange Commission today announced that it has obtained an asset freeze and other emergency relief to halt an ongoing securities fraud perpetrated by a former state senator and two others who bilked investors in and outside the U.S.

Canadian Securities Regulators Provide Guidance On Conducting Annual General Meetings During Covid-19 Outbreak

Date 20/03/2020

With increasing COVID-19 concerns in Canada and proxy season underway, the Canadian Securities Administrators (CSA) are aware that many reporting issuers are considering changes or alternatives to their in-person Annual General Meetings (AGMs). To help address any questions or concerns regarding changes or alternatives to upcoming AGMs, the CSA is providing the following guidance to assist reporting issuers while ensuring they still fulfill their obligations under securities legislation.

BOX Exchange Business Continuity Planning – Trading Floor Closure

Date 20/03/2020

On Monday, March 23, 2020, BOX Exchange LLC (“BOX”) will initiate its business continuity plan (“BCP”) and move, on a temporary basis, to fully electronic trading.  

Bahamas International Securities Exchange Pubic Notice – COVID-19

Date 20/03/2020

As The Bahamas International Securities Exchange (BISX) continues to monitor the Pandemic of the Novel Coronavirus disease (COVID-19) and adhere to the health guidelines published by the Government of The Bahamas, BISX will move to a fully paperless and digital environment.  

Access Bank Issues First Dual Listed Bond On Nigerian Stock Exchange And Luxembourg Stock Exchange

Date 20/03/2020

The successful listing of Access Bank’s N15Bn Green Bond on the Luxembourg Stock Exchange (LuxSE) represents a major milestone in the development of sustainable financing in Nigeria. The successful cross-listing of this 15.50 percent fixed rate green bond with five-year maturity has enjoyed many firsts including the first-ever climate bonds standard certified corporate green bond to be issued in Africa; the first to be listed on The Nigerian Stock Exchange (NSE) in 2019; and now, the first successful cross-listing of a bond born out of the partnership between NSE and LuxSE.

FINRA Appoints Greg Ruppert Executive Vice President Of National Cause And Financial Crimes Detection Programs

Date 20/03/2020

FINRA announced yesterday that it has named Greg Ruppert as Executive Vice President, National Cause and Financial Crimes Detection Programs. Ruppert will join FINRA March 23 and will report directly to Bari Havlik, Executive Vice President, Member Supervision.

Comment From Dr Ivan Petrella, Associate Professor Of Economics, Warwick Business School: Chancellor's Help To Pay Wages Most Effective Way To Protect Jobs From Coronavirus

Date 20/03/2020

Dr Ivan Petrella, Associate Professor of Economics at Warwick Business School, said:

"The Chancellor's announcement underscores the unprecedented nature of the economic slump associated with the Covid-19 outbreak.

"The Government measures aim to reduce uncertainty and provide a solid stimulus to an economy which is expected to slowly shut down in the coming weeks."