News Centre

Patrick Byrne Announces Key Details On tZERO’s ICO At Money20/20 - ICO Generating Interest From Both Emerging Crypto-Capital Markets And Global Institutional Funds

Date 24/10/2017

Dr. Patrick M. Byrne, chairman of t0.com, Inc. ("tZERO") a portfolio company of Overstock.com’s Medici Ventures, announced at the Money20/20 conference additional details relating to tZERO's proposed initial coin offering (ICO), utilizing a Simple Agreement for Future Tokens (SAFT), administered as a SAFT pre-sale through SAFTLaunch.com.  

Thomson Reuters Expands Its Award-Winning Connected Risk Platform With Audit Management Solution To Help Firms Increase Efficiency - New Solution Transforms How Governance, Risk And Compliance Professionals Drive Agility And Awareness

Date 24/10/2017

Building on its commitment to deliver a comprehensive suite of governance, risk and compliance solutions to assist the global financial and corporate communities, Thomson Reuters has expanded its Connected Risk platform to include an Audit Management (AM) solution to help enable firms to better assess risks and increase the efficiency of the auditing process.

Intercontinental Exchange Announces Agreement To Acquire Virtu BondPoint

Date 24/10/2017

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, has entered into an agreement to acquire Virtu BondPoint from Virtu Financial for $400 million in cash. The transaction is expected to close in the first quarter of 2018, and the closing is subject to applicable regulatory reviews and approvals. ICE will provide further details on its third quarter earnings call on November 2, 2017.

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date October 13, 2017

Date 24/10/2017

At the end of the settlement date of October 13, 2017, short interest in 2,337 Nasdaq Global MarketSM securities totaled 7,493,142,283 shares compared with 7,409,589,390 shares in 2,340 Global Market issues reported for the prior settlement date of September 29, 2017. The mid-October short interest represents 4.55 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.55 days for the prior reporting period.

TEXPERS Report: Texas’ State And Local Pension Funds Continue Steady Trend Performance With Conservative Adjustments

Date 24/10/2017

A new report from the Texas Association of Public Employee Retirement Systems demonstrates how 93 state and local pension funds combined in 2016-2017 to maintain positive trend performance in the key metric recommended by the Texas Pension Review Board. The steady trend data comes despite numerous systems reducing their target rate below eight percent, a conservative move which, mathematically, could have moved pension systems in undesirable directions but did not.      

Speech By Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Delivered At The Securities Industry And Financial Markets Association's (SIFMA) 2017 Annual Meeting

Date 24/10/2017

Highlights:

• The efficiency and integrity of the asset management sector has direct consequences for the prosperity of millions of people, particularly in an era of historically low interest rates.
• In 2015 we launched our asset management market study, which found that competition was not working effectively in some parts of the market.
• In response we’ve devised a package of reforms to ensure enhanced protection for investors, greater clarity on what they’re buying and a better understanding of what they’re paying.
• These reforms are particularly important as we enter a new phase. Strong regulation attracts investment and high standards will continue to be an essential part of the UK system post-Brexit.

The Saudi Stock Exchange (Tadawul) Publishes The Draft Trading And Membership Rules For Public Consultation

Date 24/10/2017

The Saudi Stock Exchange (Tadawul) is keen to involve all concerned and interested parties to participate and share their observations on the regulatory frameworks for Tadawul’s projects.

Intercontinental Exchange Announces Strategic Stake In Euroclear

Date 24/10/2017

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has acquired a 4.7% stake in Euroclear for EUR 275 million. ICE anticipates having one representative join the Board of Euroclear. Euroclear is a leading provider of post-trade services, including settlement, central securities depositories and related services for cross-border transactions across asset classes.

DTCC’s Global Trade Repository To Add New Capabilities In Support Of Securities Financing Transactions Regulation (SFTR) - GTR To Be Enhanced To Support The Reporting Of Securities Financing Transactions Across Europe

Date 24/10/2017

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that it has begun efforts to enhance its European[1] Global Trade Repository GTR in support of the upcoming Securities Financing Transactions Regulation (SFTR) expected to be implemented in 2019. SFTR will require firms subject to EU regulations to report securities financing transactions including repurchase agreements, securities lending and margin lending trades to an authorised Trade Repository.

ESMA Agrees MIFID II Position Limits Proposed By FCA

Date 24/10/2017

The European Securities and Markets Authority (ESMA) has published today nine opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).