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Borsa Istanbul: As Part Of BIST KYD Indices, New Government Eurobond USD Indices Based On 0-5 Years, 5-15 Years And 15+ Years Maturities And (TRY) Return Versions Of These Indices Will Be Calculated As Of December 23, 2019

Date 05/12/2019

In order to enable portfolio managers to select appropriate benchmarks for portfolios with different maturity ranges, in addition to BIST-KYD Government Eurobond indices that are already being calculated and have no distinction in terms of maturity lengths, three new Government Eurobond USD indices based on 0-5 years, 5-15 years and 15+ years maturities  and (TRY) return versions of these indices will be calculated and published as of December 23, 2019. The codes, names and maturity ranges of the new indices are listed at the table below.

Borsa Italiana Monthly Update, November 2019

Date 05/12/2019

Click here to download Borsa Italiana's monthly update.

CME Group Announces Enhancements To NYMEX WTI Houston Crude Oil Futures Contract - New Product Specifications, Delivery Locations To Be Added In 2020

Date 05/12/2019

CME Group, the world's leading and most diverse derivatives marketplace, today announced enhanced product specifications and two additional delivery points for its WTI Houston crude oil futures contracts, pending regulatory review.

Tradeweb: Avg. Daily Volume Up 22% Year-Over-Year As Broad-Based Growth In Core Products Continues

Date 05/12/2019

• Average daily volume (ADV) across rates, credit, equities and money markets for Tradeweb Markets was $693.0 billion (bn) in November 2019, an increase of 22.0 percent (%) year over year (YoY). Average daily trades for the month totaled 52,896.
• For the month, Tradeweb continued to post broad-based growth in core products. Activity in U.S. credit set new records due in part to growth from portfolio trading, session-based trading and all-to-all trading. ADV in U.S. high grade credit rose 65.8% YoY to a record $3.5 bn, representing a record 15.7% of TRACE volume. ADV in U.S. high yield credit increased 29.6% to $374 million (mm), representing 4.3% of TRACE volume. Along the same lines, ADV in European credit of $1.5 bn represented the highest monthly total in more than a year and a half. Mortgage volume rose 37.1% YoY to ADV of $178.0 bn during the month. U.S. Treasuries volume rose 3.9% YoY to ADV of $81.3 bn. Interest rate derivatives trading increased 38.2% YoY to $178.7 bn, primarily attributable to longer tenor swaps and swaptions. Trading in Chinese bonds rose 113.3% YoY, registering the sixth consecutive month of ADV greater than $1.0 bn. Activity in European ETFs rose 38.7% YoY to $1.6 bn.

Motive Partners Acquires Majority Interest In Investment Services Business Of Fiserv - Motive Partners-Led Investors, Including Cannae Holdings, Will Leverage Their Combined Capabilities And Resources To Drive Substantial Value For Clients, Associates And Shareholders

Date 05/12/2019

Motive Partners, a private equity firm focused on technology-enabled companies that power the financial services industry, and Fiserv, Inc. (NASDAQ:FISV), a leading global provider of payments and financial services technology solutions, have entered into a definitive agreement under which Motive Partners-led investors will acquire up to 60% of the Investment Services business of Fiserv. Retaining a 40% equity interest in the business, Fiserv will receive approximately $510 million in net after-tax proceeds.

The View From The Regulator On Operational Resilience, Speech By Megan Butler, Executive Director Of Supervision: Investment, Wholesale And Specialist, FCA, Delivered at TISA’s Operational Resilience Forum, London

Date 05/12/2019

Highlights:

• On 5 December 2019, the FCA, PRA and Bank of England published their joint Consultation Papers on Operational Resilience
• These proposals develop and expand on the ideas set out in their 2018 Discussion Paper
• The proposals set requirements and expectations for firms and financial market infrastructure (FMI) to identify their important business services by considering how disruption to the business services they provide can have impacts beyond their own commercial interests
• They must set a tolerance for disruption for each important business service and ensure they can continue to deliver their important business services and are able to remain within their impact tolerances during severe but plausible scenarios
• The proposals also include requirements to map and test important business services to identify vulnerabilities in their operational resilience and drive change where it is needed.
• The consultation closes on 3 April 2020.

SIX And SAAM Become Education Partners - As A New Education Partner Of The Swiss Association Of Asset Managers (SAAM), SIX Supports Continuous Further Education And Training Of The Association Members

Date 05/12/2019

As a new education partner, SIX offers a wide range of courses related to stock exchange, financial markets, regulations and compliance to around 1'000 SAAM members. Increased customer demand, regulatory requirements and constantly changing financial markets require continuous further education and training. The training offered by SIX provides current and practical knowledge delivered in a compact format.

STOXX And Eurex Expand ESG Footprint To Cover US Market - New STOXX USA 500 ESG-X Index Futures Support Eurex’s Global ESG Strategy

Date 05/12/2019

Qontigo’s global index provider STOXX Ltd. has licensed the STOXX USA 500 ESG-X Index as an underlying for listed futures on the international derivatives exchange Eurex. The new futures contract is scheduled to be launched on February 10, 2020, well ahead of the quarterly roll. Eurex will expand its ESG derivatives product suite exactly one year after its successful launch of the first futures on STOXX ESG indices. This is part of a broader strategy to take the Eurex ESG offering to a global level.

ESMA Recommends Real-Time Consolidated Tape For Equity

Date 05/12/2019

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has today published a first review report on the development of prices for market data and on the consolidated tape for equity, following the application of the Markets in Financial Instruments Directive (MiFID II) for nearly two years.

FTSE Russell: Straits Times Index (STI) Quarterly Review

Date 05/12/2019

• ​​​​​​Mapletree Logistics Trust to be added to the STI