News Centre

Marex Spectron To Acquire Chicago-Based FCM Rosenthal Collins Group’s Customer Business - Retains RCG Company Name - Extends Marex Spectron’s Capabilities To Chicago

Date 20/12/2018

Marex Spectron, one of the world’s largest commodities brokers, today announced that it has signed an agreement to acquire the customer business of Rosenthal Collins Group LLC (RCG®), a leading independent Futures Commission Merchant (FCM). 

ESMA Withdraws The Registrations Of S&P Italy And S&P France Following Merger

Date 20/12/2018

The European Securities and Markets Authority (ESMA) has today withdrawn the credit rating agency (CRA) registrations of S&P Global Ratings France and S&P Global Ratings Italy following the merger with S&P Global Ratings Europe, based in Ireland.

European Central Bank: Working Group On Euro Risk-Free Rates Seeks Market Feedback On Transition From EONIA To ESTER and ESTER-Based Term Structure Methodologies

Date 20/12/2018

• Private sector working group publishes report on transition from EONIA to ESTER
• Working group launches consultation on determining ESTER-based term structure methodology as fallback for contracts linked to EURIBOR
• Market participants invited to provide feedback on documents by 17:00 Frankfurt time on 1 February 2019

ESMA Issues Guidelines On Non-Significant Benchmarks

Date 20/12/2018

The European Securities and Markets Authority (ESMA) has published its final report on guidelines on non-significant benchmarks under the Benchmarks Regulation (BMR).

Securitisation Regulation: UK Prudential Regulation Authority And UK Financial Conduct Authority Joint Statement On Reporting Of Private Securitisations

Date 20/12/2018

This statement sets out how the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) propose to direct the manner in which firms must make information regarding ‘private’ securitisations available to their UK competent authorities. This direction(link is external) is intended to apply to all UK established originators, sponsors and securitisation special purpose entities (SSPEs) from Tuesday 15 January 2019.

Moscow Exchange: Update Concerning The Interim Clearing Ending Time On Derivatives Market On 20 December, 2018

Date 20/12/2018

Please pay attention that the interim clearing ending time on Derivatives market has been changed from 14:05 to 14:10 on 20 December, 2018.

UK’s Financial Conduct Authority: Darren Newton Banned From Working In The Financial Services Sector

Date 20/12/2018

The Financial Conduct Authority (FCA) has today banned Darren Lee Newton from working in the financial services sector. The FCA discovered Mr Newton used customers’ money for the purchase of the debt management firm, First Step Finance Limited. This showed a serious lack of honesty and integrity. The FCA has decided that he is not a fit and proper person.

Eurex Clearing Completes Compression Cycle

Date 20/12/2018

As the overall clearing volume for OTC interest rate derivatives continues to grow, Eurex Clearing has performed a tri-party multilateral portfolio compression. 

BME: MARF Registers A New Synthetic Securitisation Bond Issue By SANTANDER

Date 20/12/2018

• With a bond issue of 60.6 million euros, this Fund covers an initial loan portfolio of 1.01 billion euros
• It is the third Santander’s Synthetic Securitisation Fund in MARF

EEX Group To Explore Potential In Japanese Power Market

Date 20/12/2018

EEX Group is looking to further expand its services in Asia with the aim of providing a cleared derivatives offering for the Japanese electrity wholesale market. The Ministry of Economy, Trade and Industry (METI) in Japan has been leading a multi-year effort regarding market deregulation and development. To determine how to best serve the market, EEX Group will be seeking to engage with market participants and other stakeholders on the best way forward.