News Centre

Sage Launches Credit Index To Track Highly Liquid ESG Securities

Date 28/09/2017

Sage Advisory Services (“Sage”), a fixed income investment management firm, has launched the Sage ESG Intermediate Credit Index, with Wilshire Associates retained as index consultant and calculation agent. The index uses Sage’s proprietary ESG factor analysis framework and rules-based selection process. It is designed to maximize exposure to positive Environmental, Social& Governance (ESG) characteristics, while maintaining a high level of liquidity.

CFTC Chairman Giancarlo Appoints Brian A. Bussey As Director Of The Division Of Division Of Clearing And Risk - Acting Director John Lawton’s Interim Leadership Lauded For His Years Of Dedicated Service

Date 28/09/2017

U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo announced today the appointment of Brian A Bussey as the new Director of the agency’s Division of Division of Clearing and Risk (DCR). Bussey is currently the Associate Director for Derivatives Policy and Trading Practices in the Securities and Exchange Commission’s (SEC) Division of Trading and Markets. He will join the CFTC on October 16th. In addition, Chairman Giancarlo thanked John C. Lawton, who served as the Acting Director of DCR, for his years of dedication and service to the CFTC.

Harmonisation Of The Unique Product Identifier (UPI) – Guidance Issued By CPMI-IOSCO

Date 28/09/2017

A new report provides technical guidance to authorities on a uniform global Unique Product Identifier (UPI) applying to over-the-counter (OTC) derivatives transactions. The report, entitled Harmonisation of the Unique Product Identifier, is a joint publication by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).

“Where Next For Investment And Asset Management Regulation? Clarifying Our Supervisory Approach” – Speech by Megan Butler, FCA Director Of Supervision - Investment, Wholesale And Specialist - FT Investment Management Summit Europe 2017

Date 28/09/2017

It’s a pleasure to join everyone.

Towards the end of his presidency, Ronald Reagan quipped that Government’s view of the economy could be summed up as: ‘If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it’.

ESMA And NCAs Agree Work Plan On MiFID II PRE-Trade Transparency Waivers And Position Limits

Date 28/09/2017

The European Securities and Markets Authority (ESMA), together with the national competent authorities (NCAs), have today published an updated work plan for the opinions on pre-trade transparency waivers and position limits that must be issued under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

Blackrock Japan Selects FTSE Russell Indexes For New ETFs

Date 28/09/2017

• New US REIT ETF will track FTSE NAREIT Equity REIT
• New US Treasury Bond ETF will track Citi fixed income index
• Growing global demand for access to ETF products
• c.$562 billion ETF AuM linked to FTSE Russell indexes globally

PEGAS Supports Fluxys Belgium In Simplifying ZTP Physical Trading

Date 28/09/2017

Fluxys Belgium will simplify its services for ZTP physical trading by harmonizing the operational rules with those for ZTP notional trading services.

IMF: Statement On Greek Banking System

Date 28/09/2017

Mr. Poul Thomsen, Director of the European Department, made the following statement at the FT Investment Management Summit in London today:

Eurex To Launch BTP Options - Extension Of BTP Product Suite As Of 2 October

Date 28/09/2017

Eurex, one of the world’s leading derivatives exchanges and part of Deutsche Börse Group, will introduce Options on Euro-BTP Futures as of 2 October 2017.

HKFE Announces Revised Margins For Futures Contracts

Date 28/09/2017

As previously advised in the circular (Ref.: MO/DT/132/17) dated 28 August 2017, capital adjustments as a result of the Special Dividend will be made to the positions of SOHO China Ltd. (“SOH”) Futures Contracts which exist after the market close on 28 September 2017, i.e. the business day immediately before 29 September 2017. Accordingly, please be advised that pursuant to Exchange Rule 617(d) and HKCC Rule 402, the Exchange and the Clearing House have determined that with effect from the commencement of trading on Friday, 29 September 2017 and Tuesday, 3 October 2017, the margin levels of the following Futures Contracts shall be as follows:-