News Centre

ESMA Comments On The IASB’s Exposure Draft

Date 01/02/2016

Today the European Securities and Markets Authority (ESMA) published its comment letters to the IASB and to EFRAG on the IASB’s Exposure Draft Applying IFRS 9 Financial Instrumentswith IFRS 4 Insurance Contracts. 

Time For A new Lamfalussy Moment - Speech By Benoît Cœuré, Member Of The Executive Board Of The ECB, At The Professor Lamfalussy Commemorative Conference, Budapest, 1 February 2016

Date 01/02/2016

Dear Governor Matolcsy,

Ladies and Gentlemen, 

Almost to the day 15 years ago, on 15 February 2001, Alexandre Lamfalussy and his Committee of Wise Men submitted their Final Report on the Regulation of European Securities Markets to the Commission. [2] To deepen integration in the Union’s financial markets, they proposed to distinguish between the political choices and the more technical measures in the area of financial legislation; the former would be made by the legislators themselves, while the latter would be left to technical bodies. The intention was to significantly streamline the legislative process in order to ensure that the Union’s legal framework for financial services was keeping up with the rapidly changing realities on the ground. The offspring of the Lamfalussy Report is today’s European System of Financial Supervision, comprising the EBA, ESMA, EIOPA and ESRB.

Open Interest Streak Highlights Month For MGEX

Date 01/02/2016

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has concluded the month of January with a total volume of 155,833, marking four-straight months of volume greater than 150,000.  

ESMA Issues Technical Standards On Settlement Discipline Under CSDR

Date 01/02/2016

The European Securities and Markets Authority (ESMA) has published today draft regulatory technical standards (RTS) on settlement discipline which ESMA has to deliver for the implementation of the Central Securities Depository Regulation (CSDR).

Nasdaq Completes Acquisition Of Chi-X Canada

Date 01/02/2016

Nasdaq (Nasdaq:NDAQ) today announced the completion of its acquisition of Chi-X Canada, an Alternative Trading System for Toronto Stock Exchange (TSX) and TSX Venture listed securities, from Chi-X Global. 

SEC Charges Software Company With FCPA Violations

Date 01/02/2016

The Securities and Exchange Commission today announced that software manufacturer SAP SE has agreed to give up $3.7 million in sales profits to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) when procuring business in Panama.

The Spanish Stock Exchange Traded €74.2 Billion In January

Date 01/02/2016

• The number of equity trades in January was 5.2 million
• In January the trading volume in ETFs exceeded €766 million
• The traded volume in Stock Futures in January was up 35% year on year
• Corporate Debt trading in January reached €13 billion in January and the volume of Public Debt traded on SENAF was €9.5 billion, up 1.7% year on year

EEX Group: Key Figures Of January 2016

Date 01/02/2016

EEX Group provides the central market platform for energy, energy related and commodity products. The offering of the group comprises contracts listed at the European Energy Exchange (EEX), EPEX SPOT, Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic as well as clearing and settlement via European Commodity Clearing (ECC). EEX Group connects a network of more than 450 trading participants across 13 locations ensuring optimal support for customers on site.

OCC Announces Total Cleared Contract Volume - Up Four Percent In January - Securities Lending CCP Activity Up 29 Percent

Date 01/02/2016

OCC, the world’s largest equity derivatives clearing organization, announced today total cleared contract volume for the month of January was up four percent from January 2015 with 371,870,087 contracts, marking the third highest January on record. Average daily volume at OCC was up nine percent from January 2015 with 19,572,110 contracts. OCC's stock loan program reported strong volume numbers in January with year-to-date activity up 29 percent.

BATS Global Markets S1 Filing With SEC Warns BATS-Chi-X Europe May Leave London If UK Brexits

Date 01/02/2016

BATS Global Markets has indirect exposure to the European sovereign debt crisis.

BATS Chi-X Europe may from time to time hold cash reserves in U.K. sovereign government debt, commonly known as Gilts. In addition, many of its customers are banks who may hold investments in Euro-denominated sovereign debt. To the extent those customers are negatively impacted by those investments, they may be less able to pay amounts owed to us or renew service agreements with us. Such developments could negatively affect our business. Further, to the extent that sovereign debt concerns depress economic activity, it may negatively impact the number of transactions processed on our trading venues, resulting in lower revenue.

In addition, an exit from the Euro by an E.U. Member State or an ongoing recession in the Euro zone and the related Euro crisis could lead to foreign exchange volatility and a potential loss of revenues if trading volumes are negatively impacted across all of our trading platforms. In particular, a referendum to vote on the United Kingdom's continued membership in the European Union is anticipated by the end of 2017. Should the United Kingdom vote to withdraw from the European Union, there may be an unfavorable business environment for companies with operations in the United Kingdom that do business in the European Union. In such a case, BATS Chi-X Europe may move some or all of its operations to the European Union and the related costs and expenses could have a material adverse effect on our business.