The European Securities and Markets Authority (ESMA) has published a Consultation Paper (CP) on the Money Market Funds Regulation (MMFR). The CP contains proposals on draft technical advice (TA), draft implementing technical standards (ITS), and guidelines under the MMFR. The key proposals relate to asset liquidity and credit quality, the establishment of a reporting template…
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Offers open connectivity to third party data for research distribution, monitoring and evaluations; creates a provider-neutral hub for MiFID II research payments Instinet Incorporated (Instinet) announced the launch of RQ Connect (Research Quality Connect), a provider-neutral application within its research payment and commission management platform, Plazma®. RQ Connect enables Research Procurement Management (RPM) systems to…
Read morePosted by Matt Simpson | 25/05/2017 04:29 We highlight three correlations which show the near-term may provide further hikes, further out it may be less pleasant. - 2yrs suggest Fed will continue to hike - 2-10yr spread is out of sync with current hike path - If Fed Funds and 2-10yr spread are to meet,…
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Those who follow the comings and goings in the currency trading world will no doubt be noticing the multitude of comments and commentary surrounding the just-released FX Global Code of Conduct. Well, here is a synopsis of some of those comments, from some leading FX sector executives: David Puth, CEO of CLS and Chairman of the…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that electronic trading network operator NEX Group PLC (LON:NXG) has made more than £11.5 million (USD $15 million) worth of bonus share grants to senior management. The largest grant worth $5.4 million went to NEX Group CEO Michael Spencer. DSBP Award PSP Award Total Shares Value £ Value US$…
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The Securities and Exchange Commission (SEC) announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or suppliers. The SEC’s complaint alleges that David Blaszczak, a former government employee turned political intelligence consultant,…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm First Plus Financial Group. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…
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In less than two hours, on what might otherwise be a fairly slow day for Forex Industry News, prepare for a slew of press releases and commentary by a variety of FX industry participants (including on this site) on the about-to-be-released FX Global Code of Conduct. The new Code of Conduct, coordinated and formally issued by…
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TMX Group (TSX: X) announced the development of a blockchain-based prototype to power a new service offering from Natural Gas Exchange (NGX), a North American energy exchange and a wholly-owned subsidiary of TMX Group. NGX collaborated with Nuco Inc. (Nuco), a digital infrastructure provider, to build a new system using Distributed Ledger Technology (DLT) to…
Read morePosted by Matt Simpson | 25/05/2017 03:00 Gold could be setting up for another leg higher whilst US Dollar Index decides if it will carve out a base or extend losses. WTI remains supported ahead of the OPEC meeting yet with expectations potentially priced in, then we’re on guard for a wake-up call. [embedded content]
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