News Centre

EBA: Discussion On A New Prudential Regime For Investment Firms

Date 04/11/2016

The European Banking Authority (EBA) launched today a consultation in response to the European Commission's call for technical advice on the design of a new prudential regime for investment firms, which is specifically tailored to the needs of investment firms’ different business models and inherent risks. The aim of this work is to develop a single, harmonised set of requirements that are reasonably simple, proportionate, and more relevant to the nature of investment business. The consultation runs until 2 February 2017.

Nigerian Stock Exchange Weekly Report For Week Ending 4 November 2016

Date 04/11/2016

A turnover of 873.838 million shares worth N8.024 billion in 15,944 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 678.710 million shares valued at N6.875 billion that exchanged hands last week in 11,808 deals.

EBA Seeks Views On New Prudential Regime For Investment Firms

Date 04/11/2016

The European Banking Authority (EBA) launched today a consultation in response to the European Commission's call for technical advice on the design of a new prudential regime for investment firms, which is specifically tailored to the needs of investment firms' different business models and inherent risks. The aim of this work is to develop a single, harmonised set of requirements that are reasonably simple, proportionate, and more relevant to the nature of investment business. The consultation runs until 2 February 2017.

Statement Of Dissent By CFTC Commissioner J. Christopher Giancarlo Regarding Supplemental Notice Of Proposed Rulemaking On Regulation Automated Trading, November 4, 2016

Date 04/11/2016

Introduction

I have previously said that proposed Regulation Automated Trading (Reg. AT) is a well-meaning attempt by the Commodity Futures Trading Commission (CFTC or Commission) to catch up to the digital revolution in U.S. futures markets. However, I have also raised some concerns ranging from the prescriptive compliance burdens to the disproportionate impact on small market participants to the regulatory inconsistencies of the proposed rule. I have also warned that any public good achieved by the rule is undone by the now notorious source code repository requirement. Not surprisingly, dozens of commenters to the proposal echoed my concerns and vehemently opposed the source code requirement.

EBA Issues Recommendations On The Implementation Of New Counterparty And Market Risk Frameworks

Date 04/11/2016

The European Banking Authority (EBA) published today a Report in response to two calls for advice to assist the European Commission in the adoption into European legislation of two new international frameworks proposed by the Basel Committee on Banking Supervision (BCBS): (i) a new standardised framework for counterparty risk (CCR), i.e. the so-called SA-CCR, and (ii) a new market risk (MKR) framework - the so-called fundamental review of the trading book (FRTB). In the Report, the EBA focuses on the envisaged impact of these two frameworks, for both large and small firms, and issues recommendations on their implementation.

Nasdaq Welcomes Smart Sand, Inc. (Nasdaq: SND) To The Nasdaq Stock Market

Date 04/11/2016

Smart Sand, Inc. (Nasdaq:SND), a pure-play, low-cost producer of high-quality Northern White raw frac sand, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

TOM MTF Statistics Week 44, 2016

Date 04/11/2016

Click here to download the weekly statistics update of TOM MTF for week 44, 2016.

CFTC Approves Supplemental Proposal To Automated Trading Regulation

Date 04/11/2016

The U.S. Commodity Futures Trading Commission (Commission) today approved a supplemental proposal to Automated Trading Regulation (RegAT) at an Open Commission meeting. The vote was 2-1, with Commissioner J. Christopher Giancarlo voting against the proposal.

Concurring Statement Of CFTC Commissioner Sharon Y. Bowen On Supplemental Notice Of Proposed Rulemaking For Regulation AT

Date 04/11/2016

Thank you. I’m glad to be here this morning as the Commission considers this supplemental proposal to our rulemaking on Automated Trading. I’ve said several times that I am a firm believer in two things: the need to enhance our rules to ensure that they are appropriately rigorous and protective and to find a rule that works and can be effectively implemented. I am pleased to say that I believe today’s release does both. I commend our staff for their hard work on this proposal.

FIA: CFTC Source Code Proposal Raises Grave Concerns

Date 04/11/2016

FIA, along with the FIA Principal Traders Group (FIA PTG), expressed grave concerns regarding a critically important provision in the CFTC’s proposed supplement to its draft rules on automated trading. The supplement, passed today by a vote of 2-1 at a CFTC public meeting, would permit an unacceptable level of access to proprietary source code used to operate automated trading systems.