News Centre

ISDA: Hedge Accounting Under US GAAP

Date 16/07/2024

Under US Generally Accepted Accounting Principles, companies across all sectors rely on the hedge accounting principles enshrined in Accounting Standards Codification (ASC) 815 to manage risk. However, they are often limited to using risk management tools outside of hedge accounting, due to certain prohibitions and technical complexities.

FIA EPTA’s Sandra Burggraf Appointed To EBA Banking Stakeholder Group

Date 16/07/2024

FIA European Principal Traders Association is pleased to announce that Sandra Burggraf, Senior Policy Advisor – Prudential Regulation & Risk, has been appointed to the European Banking Authority’s Banking Stakeholder Group (EBA BSG). 

The EBA Consults On Amending Its Technical Standards On The Joint Decision Process For Internal Model Authorisation

Date 16/07/2024

The European Banking Authority (EBA) today published a consultation paper amending the Implementing Regulation on the joint decision process for internal model authorisation under the Capital Requirements Regulation (CRR). The revised Implementing Technical Standards (ITS) incorporate changes to the EU legal framework, including the reduced scope of application for internal models under CRR III and the updated framework on the general functioning of supervisory colleges. This draft amending ITS are part of the first phase of the EBA roadmap for implementing the EU Banking Package. This consultation runs until 16 October 2024.

Clear Street To Acquire Fox River Algorithmic Trading Business From Instinet, Enhances Equity Trading Capabilities For Buy-Side And Sell-Side Customers

Date 16/07/2024

Clear Street (“Clear Street”, “the Company”), a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, has entered into a definitive agreement to acquire Instinet’s Fox River algorithmic trading business. Fox River provides a comprehensive suite of algorithmic execution solutions in US and Canadian equities. These offerings cater to buy and sell-side firms, including many of the industry’s leading quant-driven funds.

Tel Aviv Stock Exchange To Launch Futures Market On September 1, 2024 - Idan Financial Instruments Appointed As First Market Maker

Date 16/07/2024

As part of its efforts to develop the Israeli capital market, the Tel Aviv Stock Exchange (TASE) announced today the launch of its futures market on September 1, 2024. Initially, futures contracts will be traded on the TA-35, TA-90 and TA-Bank-5 indices. Idan Financial Instruments Ltd. has been appointed as the first market maker in the futures market.

Fiserv Earns Top Score Of 100 On Disability Equality Index For Third Year In A Row - Ongoing Recognition Of Commitment To Advancing Disability Equality And Fostering Inclusive Workplace Environment

Date 16/07/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has earned a top score of 100 on the 2024 Disability Equality Index® for the third consecutive year, and is duly recognized as a “Best Place to Work for Disability Inclusion.” The Disability Equality Index was launched in 2015 as a joint initiative of Disability:IN and The American Association of People with Disabilities (AAPD) and is acknowledged as the most robust disability inclusion assessment tool in business today.

The EBA Publishes The Report On The Application Of Derogations To The Deferral And Pay Out In Instruments Under CRD

Date 16/07/2024

The European Banking Authority (EBA) today published a report on the application of derogations to the requirements to pay out a part of the variable remuneration for identified staff under deferral arrangements and in instruments that are available to small and non-complex institutions and for identified staff receiving only a relatively small amount of variable remuneration. This report forms part of the EBA’s contribution to the review to be performed by the European Commission.

Maala’a ESG Ratings For 2024 Revealed - The Governmor Of The Bank Of Israel And Market Executives Open Trading On Tel Aviv Stock Exchange

Date 16/07/2024

This morning’s Opening Bell Ceremony on TASE marked the reveal of the ESG rating by Maala Corporate Social Responsibility for 2024, in the presence of the Governor of the Bank of Israel, Prof. Amir Yaron.

Abaxx Commodity Futures Exchange And Clearinghouse Selects Baymarkets Clara Clearing System To Support New Commodities Exchange - New Singapore-Based Commodities Exchange And Clearinghouse Powered By Award-Winning Clearing Technology

Date 16/07/2024

Baymarkets AS (“Baymarkets”), and Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx”), today announced that Abaxx’s indirectly held, majority-owned Singapore-based exchange (“Abaxx Exchange”) and clearinghouse (“Abaxx Clearing”), has chosen the award-winning Baymarkets clearing technology and platform, Clara, to power their newly-launched, Singapore-based Abaxx Commodity Futures Exchange and Clearinghouse, licensed as a Recognised Market Operator (“RMO”) and Approved Clearing House (“ACH”) with the Monetary Authority of Singapore (“MAS”).

BYTETRAVEL To Start Trading In BME Scaleup On 18th July

Date 16/07/2024

• The company, which is the eleventh to join BME's new market, starts with a valuation of 37.8 million euros