News Centre

Kurt Adams To Succeed Bob Santella As CEO Of IPC - New Board Chairman And Board Member Also Named

Date 29/05/2024

IPC, a leading provider of trading communications, electronic trading and infrastructure solutions for global financial markets, announced today that as part of a planned leadership transition Kurt Adams will succeed Bob Santella as CEO. Additionally, Stuart C. Harvey, Jr. has been appointed Chairman of IPC’s Board of Directors and Michael Chin has been named an IPC Board Member.

Commissioner Mersinger To Participate In A Panel At Consensus

Date 29/05/2024

SIFMA Statement On First Day Of T+1 Settlement

Date 29/05/2024

SIFMA today issued the following statement from Tom Price, managing director and head of technology, operations, and business continuity for SIFMA, on today’s T+1 settlement:

“Today is the first day of settlement of in scope trades on a T+1 timeframe, and SIFMA is optimistic about the progress of the transition to date. Today is a double settlement day, with trades from May 24th settling T+2 and trades from May 28th settling T+1. SIFMA’s T+1 Command Center is fully engaged with the broad financial services industry, discussing among the designated participants such topics as conversion status information, transparency into the activity of other participants, and issue identification and socialization. We are encouraged by the feedback from the industry. The transition is moving forward.”

Fictitious Regulatory Notifications: Fictitious Notification Regarding The Release Of Funds Supposedly Under The Control Of The US Office Of The Comptroller Of The Currency

Date 29/05/2024

Consumers have reported receiving various forms of fictitious correspondence via email, Google Chat, and the U.S. Postal Service related to up-front fee scams involving fictitious inheritance or beneficiary payouts. The notifications appear to be initiated by senior officials of the Office of the Comptroller of the Currency (OCC) regarding funds purportedly held by the OCC. Scam correspondence may include the names of other governmental agencies who are purportedly involved in the fake transaction.

GCEX And DV Chain Announce Strategic Partnership To Enhance Institutional Crypto Liquidity

Date 29/05/2024

GCEX (GCEX Group), a regulated digital brokerage renowned for providing brokers, funds and professional traders with access to deep liquidity has partnered with DV Chain, a leading provider of liquidity and market-making services in the dynamic world of cryptocurrencies. This collaboration will enable GCEX’s clients to benefit from DV Chain’s exceptional crypto liquidity offering, with even tighter spreads and reduced execution costs.

Finansinpektionen: Interest Rate Puts Pressure On Indebted Households

Date 29/05/2024

Households continue to be under pressure from both higher interest rates and other costs. This is evident in FI’s mortgage report. The report looks at new mortgagors during the autumn of 2023. We can see that there are fewer mortgagors than in previous years. Home buyers also bought slightly less expensive homes and borrowed slightly less. Total lending to households has stagnated, but despite this household indebtedness continues to be high.

ESMA Reminds On Rules For Sharing Information During Pre-Close Calls

Date 29/05/2024

The European Securities and Markets Authority (ESMA) issued today a statement reminding issuers about the applicable legislative framework to “pre-close calls” and encouraging them to follow good practices when engaging in such calls, with the goal of contributing to maintain fair, orderly, and effective markets.

DTCC, Clearstream And Euroclear Develop Framework To Advance Adoption Of Digital Assets

Date 29/05/2024

Today, three of the world’s largest financial market infrastructures (FMIs) – DTCC, Clearstream and Euroclear – in collaboration with Boston Consulting Group (BCG), unveiled a blueprint for establishing an industry-wide digital asset ecosystem to drive acceptance of tokenised assets.  

BME Submits Entries From Greening, Revenga Smart Solutions, Seresco And Cox Energy For The European Small & Mid-Cap Awards

Date 29/05/2024

BME announced yesterday on the first day of the Medcap Forum the four Spanish listed companies that will compete for the European Small & Mid-Cap Awards. The nominees for the different categories of the awards will be Greening, Revenga Smart Solutions, Seresco and Cox Energy, all from BME Growth.

The New York Stock Exchange Announces Collaboration With CoinDesk Indices To Launch Financial Products Tracking Spot Bitcoin Prices

Date 29/05/2024

• Developing options contracts tied to the CoinDesk Bitcoin Price Index (XBX)
• Contracts would be subject to regulatory approvals