News Centre

Bats Welcomes New PowerShares Fund To The Bats ETF Marketplace - 41 Issuers, 234 Funds Now Listed On Bats In The U.S.

Date 29/09/2017

Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed a new PowerShares PureBeta fund to the Bats ETF Marketplace. The launch brings the total number of PowerShares funds listed on the Bats ETF Marketplace to 16.

Indian Renewable Energy Development Agency (IREDA) Chooses London To Launch First Green Masala Bond

Date 29/09/2017

• Becomes first green Masala bond on London Stock Exchange’s new International Securities Market (ISM) 
• IREDA Chairman and MD, Mr. Kuljit Singh Popli, opens London trading to celebrate the bond launch 
• Reinforces London’s status as most international financial centre and India’s partner of choice

EBA And US Agencies Conclude Framework Cooperation Arrangement On Bank Resolution

Date 29/09/2017

The European Banking Authority (EBA) has signed a Framework Cooperation Arrangement with several US financial regulatory Agencies. The Framework Cooperation Arrangement lays out the basis for subsequent cooperation arrangements on bank crisis management and resolution between any of the EU Supervisory or Resolution Authorities and any of the participating US Agencies. This Framework Cooperation Arrangement has the objective to promote resolution planning and cooperation for cross-border institutions.

London Stock Exchange Approved As An ARM For MiFIR Reporting

Date 29/09/2017

• FCA approves London Stock Exchange as an Approved Reporting Mechanism (ARM) through its UnaVista platform
• LSEG providing single connectivity solutions for firms’ pre- trade transparency and post-trade reporting requirements

EBA Issues Opinion On The Design Of A New Prudential Framework For Investment Firms

Date 29/09/2017

The European Banking Authority (EBA) published today its Opinion on the design and calibration of a new prudential framework for investment firms, which is specifically tailored to the needs of investment firms' different business models and inherent risks. The Opinion includes a series of recommendations aiming to develop a single and harmonised set of requirements that are reasonably simple, proportionate and relevant to the nature of investment firms authorised to provide MiFID services and activities.  

CFTC Charges California Residents Hasan Sarwar a/k/a Alexander Sarwar, And Rachida Elfrimi With Operating A $1.19 Million Dollar Ponzi Scheme And Registration Violations

Date 29/09/2017

The Commodity Futures Trading Commission (CFTC) on September 28, 2017, filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Hasan Sarwar a/k/a Alexander Sarwar (d/b/a Profit Management Int) of Rancho Cucamonga, California, and his spouse Rachida Elfrimi (d/b/a Profit Management). The CFTC Complaint charges the Defendants with defrauding commodity pool participants, making Ponzi-style payments to pool participants from other participants’ funds, comingling of pool funds, and failing to register with the CFTC as Commodity Pool Operators, as required.

Federal Reserve Board Fines HSBC Holdings Plc And HSBC North America Holdings Inc. $175 Million For Unsafe And Unsound Practices In FX Trading

Date 29/09/2017

The Federal Reserve Board on Friday announced that it has fined HSBC Holdings plc, London, United Kingdom, and HSBC North America Holdings Inc., New York, New York, $175 million for the firm's unsafe and unsound practices in its foreign exchange (FX) trading business.

MNI Chicago Business Barometer September 2017 - Chicago Business Barometer Rises Sharply To 65.2 In September - Prices Paid Increase Significantly - Order Backlogs Highest In 29 Years

Date 29/09/2017

The MNI Chicago Business Barometer rose to 65.2 in September, up from 58.9 in August, hitting the highest level in three months and the second highest level in more than three years.

Solactive Launches Future Cars Index Canadian Dollar Hedged Used As The Reference Index For Evolve Automobile Innovation Index ETF (CARS)

Date 29/09/2017

Solactive is excited to announce the launch of the Solactive Future Cars Index Canadian Dollar Hedged, which is the new underlying index for the Evolve Automobile Innovation Index ETF (CARS). CARS will begin to trade today on the Toronto Stock Exchange and is designed to give Canadian investors access to an exciting investment theme in the development of future cars.

ESMA Consults On Guidelines For Non-Significant Benchmarks

Date 29/09/2017

The European Securities and Markets Authority (ESMA) has launched a consultation on Guidelines detailing the obligations which apply to non-significant benchmarks under the Benchmarks Regulation (BMR).