The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has just announced that it intends to open a new office in Dublin, Ireland, to continue providing an authorised regulatory reporting service for clients in the EU27 and the UK as the UK advances towards a departure…
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INTL FCStone Inc. (NASDAQ: INTL) has announced that its London-based subsidiary, INTL FCStone Ltd, is one of the first general clearing members to join the London Metal Exchange's (LME) newly created LMEprecious service, following its launch last year. The LME, along with the World Gold Council and a group of industry participants, created LMEprecious to…
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Distribution 360, the latest European study from Broadridge Financial Solutions, Inc. (NYSE:BR), has revealed growing opportunities for asset managers selling in Europe. Despite increased complexity and disruptions in the region’s fund markets, Europe’s pool of accessible assets has reached €3.4 trillion. Broadridge Distribution 360 offers asset managers an independent guide to the European fund landscape,…
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NEX Data, which delivers independent market intelligence and price information for OTC Data, and JBOND, the electronic platform for trading in Japanese Repurchase agreements, announced today that they have launched the JBOND NEX Repo Index to measure the effective cost of funding for Japanese government bonds. The first Japanese repo index, it was launched in…
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Derivatives marketplace CME Group has announced that it achieved quarterly international (defined as outside of the US) average daily volume (ADV) of 4.2 million contracts during the second quarter of 2018, up 13 percent over the same period last year. Europe, Middle East and Africa quarterly ADV hit close to 3.3 million contracts in the…
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Business and financial news network CNBC has today announced the expansion of its Middle East operations with a new studio set to open in October at Nasdaq Dubai. The network will use the new base at MarketSite, part of Nasdaq Dubai’s new offices in the Dubai International Financial Centre (DIFC), to further enhance its editorial…
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Testing, Inspection and Certification (TIC) provider, Bureau Veritas informed that it has verified the very first Certified Green Bond for solar energy in Brazil. The bond has been issued by distributed solar energy company, Faro Energy in response to the rapid growth of the solar market in Brazil and will be used to finance distributed…
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A new study from the Ontario Securities Commission (OSC) offers insights on barriers to investing for Ontario millennials and how stakeholders can develop and refine products, programs and services that respond to millennials’ needs. Our research findings indicate many Ontario millennials are feeling overwhelmed by investing and don’t know where to start,” said Tyler Fleming,…
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The International Swaps and Derivatives Association, Inc. (ISDA) has announced that it has launched a market-wide consultation on technical issues related to new benchmark fallbacks for derivatives contracts that reference certain interbank offered rates (IBORs). The consultation sets out options for adjustments that would apply to the fallback rate in the event an IBOR is…
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Global commodities broker Marex Spectron has announced that it has received a group credit profile rating from S&P Global of ‘bbb’. This credit assessment reflects S&P’s view of Marex Spectron’s strong market position in Metals, Agricultural and Energy with solid capitalization, robust liquidity and limited risk appetite, according to the company. The stable outlook follows…
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