market Archives - The Industry Spread

Style Analytics Launches ESG Factor Simulation Tool

October 30, 2019

The provider of factor-based portfolio and market analytical tools for investment professionals has launched a new ESG factor simulation tool to help clients optimize the impact of ESG within their portfolios in collaboration with Sustainalytics, a global leader in ESG research, ratings and analysis.

DGCX Sees Gold Futures Trading Surge as Investors Flock to Safe-Haven Assets

July 5, 2019

The Dubai Gold & Commodities Exchange (DGCX) saw a surge in trading on its flagship Gold Futures product last month, as increasing geopolitical tensions across the globe drove investors towards safe-haven assets. The product recorded month-on-month (M-O-M) average daily volume growth (ADV) of 507.4%, and year-on-year ADV growth of 225.5%, while also registering M-O-M Average Open Interest (AOI) growth of 90.7%.

Joint Statement on Opportunistic Strategies in the Credit Derivatives Market

June 28, 2019

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton, U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo, and U.K. Financial Conduct Authority (FCA) Chief Executive Andrew Bailey issued the following joint statement regarding the credit derivatives market

Wedbush to Pay More Than $8.1 Million for Improper Handling of ADRs

June 25, 2019

The Securities and Exchange Commission today announced that Wedbush Securities Inc. will pay more than $8.1 million to settle charges for improper handling of “pre-released” American Depositary Receipts (ADRs). This is the SEC’s 11th action against a bank or broker resulting from the SEC’s ongoing investigation into abusive ADR pre-release practices, which, thus far, has resulted in monetary settlements exceeding $422 million.

FCA Confirms Biggest Shake-up to the Overdraft Market for a Generation

June 16, 2019

The Financial Conduct Authority (FCA) has today confirmed it is introducing reforms to fix a dysfunctional overdraft market. These changes will make overdrafts simpler, fairer, and easier to manage and will protect the millions of consumers that use overdrafts, particularly more vulnerable consumers. The changes represent the biggest overhaul to the overdraft market for a generation.

Ahmed Abonamah Named Deputy Director of the Office of Municipal Securities

June 7, 2019

The Securities and Exchange Commission today announced that Ahmed Abonamah has been named Deputy Director of the agency’s Office of Municipal Securities (OMS). Mr. Abonamah will oversee many of OMS’s strategic initiatives as well as advise OMS’s leadership on legal, strategic, and policy matters regarding the municipal securities market.

CFTC and SEC Participate in the Signing Ceremony for the IOSCO Enhanced Multilateral MOU Concerning Cross-Border Enforcement

May 25, 2019

At the 44th Annual International Organization of Securities Commissions (IOSCO) Conference in Sydney, Australia, the Chairmen of the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) participated in a signing ceremony on May 15 for the IOSCO Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU).

CFTC Commissioner Endorses SWAP Regulation Framework

May 20, 2019

A Commodities Futures Trading Commission (CFTC) Commissioner threw his support behind the swap regulation framework which started in 2010. CFTC Commissioner Dan Berkovitz made a speech at Energy Risk 2019 held in Houston, Texas earlier this week.

LiquidShare to Use ConsenSys’ Blockchain on Post-Trade Settlement

May 17, 2019

Over the past year, LiquidShare has worked to produce a private and permissioned platform built on Ethereum with the business logic coded in smart contracts to model their cash, security, and delivery versus payment mechanisms. The usage of the blockchain allows a peer-to-peer to settlement between custodian nodes for listed and non-listed shares, removing friction costs and providing transparency to SMEs.