In today’s primary market auction on behalf of the European Commission and the participating EU Member States, a volume of 1,712,500 EUA has been auctioned at a price of EUR 4.55 per EUA on the European Energy Exchange AG (Germany's energy exchange, EEX) spot market. This has been the last auction taking place within the framework…
Read moreThe Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published for public comment a second consultative report on Harmonisation of the Unique Product Identifier (UPI). The consultative report makes proposals for the harmonised global UPI, whose purpose is to uniquely identify over-the-counter (OTC) derivatives products that authorities…
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LeapRate Exclusive Interview... Retail Forex brokers are typically the ones running contests for their clients (and to attract new clients). However it came to our attention that someone is running a contest for the Retail Forex brokers: new Ireland-based FX central clearing provider FXCH. FXCH is a new approach to Spot FX clearing, settling trades utilizing…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) is set to roll out its Volatility Control Mechanism (VCM) - a measure designed to protect market integrity by preventing extreme price volatility arising from major trading errors and other unusual incidents - in its securities market on August 22, 2016. HKEX proposed the VCM in a consultation…
Read moreETFGI, the independent research and consultancy firm on trends in the global ETF/ETP ecosystem, has reported assets invested in ETFs/ETPs listed globally reached a new record high US$3.343 trillion at the end of July 2016. Net flows gathered by ETFs/ETPs in July were strong with US$52.68 billion of net new assets gathered during the month marking…
Read moreCLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has earlier today published its operating metrics for July 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,050,046 down 9.7% from 1,163,083 in June 2016. The average daily input value submitted to CLS was USD4.69…
Read moreAustralia Securities Exchange (ASX) has just announced its full-year results. Some of the highlights include: Revenue up $45.6 million Growth in all business lines underpinned by higher trading activity and robust capital raisings Expenses up $10.5 million EBITDA up $35.1 million, increase of 6.5%, NPAT and DPS up 5.7% Continued strategic technology investment • Futures…
Read moreThomson Reuters has seen a surge in financial services clients joining Thomson Reuters signature messaging platform, Eikon Messenger, in South Korea. Following the announcement that Yahoo will begin shutting down its legacy messaging client and API service between August 5, 2016 and Aug 31, 2016, financial services firms in South Korea are choosing Eikon Messenger as…
Read moreTradeStation, a Monex Group, Inc. (TYO:8698) company, has announced that it has been approved as the first retail online brokerage member firm of the Investors Exchange (IEX), which was recently approved to become the nation’s thirteenth registered national securities exchange. The SEC approved IEX’s application to become a registered national securities exchange on June 17,…
Read moreASIC has accepted a voluntary undertaking (VU) from Victoria-based registered liquidator, Gregory Stuart Andrews, of the insolvency firm GS Andrews & Associates. An ASIC investigation found Mr Andrews had not complied with his statutory lodgement and publication obligations. In response, Mr Andrews acknowledged his non-compliance and took the necessary steps to rectify the breach. The…
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