LSE: a senior Treasury official stated that Brexit increased the need to determine how to police LSE's LCH, as it is vital to US market stability.. Reported by the Financial Times.
DB1: Eurex Clearing will introduce a partnership program to develop an EU based alternative for the clearing of interest rate swaps. The 10 most active program participants are offered a significant share in the economics of the multi-currency interest rate swap offering of Eurex Clearing on a permanent basis. In addition, these clients will be included in the governance and committee structure of Eurex Clearing.
ICE: IBA drops out of being ISDA DC secretary, as IBA did not reach an agreement with ISDA determinations committees to become its secretary. ISDA will not pursue other avenues until ISDA’s term as secretary expires in Apr-2018. According to the Financial Times.
SGX and FacSet launched a series of co-branded thematic indices designed to provide investors with exposure to promising regional and global themes, including Asia Technology Advantage, Global Cybersecurity, Global Robotics and Asia Healthcare.
MOEX and St. Petersburg International Mercantile Exchange (SPIMEX) signed an MoU to promote a regulated market for commodities and commodities derivatives.
MOEX will launch JPY/RUB and TRY/RUB trading next year, according to Reuters.
Bucharest SE (BVB) published the third edition of the Whitebook on Communication of Listed Companies, an assessment carried out with a purpose of evaluating the quality and accuracy of information provided to investors by issuers listed on BVB‘s Main Market.
PanXchange (PX) opened the first exchange for physical proppant (frac sand). The platform will be available to producers, E&P companies and service companies, will aggregate spot and forward physical procurement and sales and be a source for real-time prices. On the PX system, members can also manage counterpart exposure and post bids and offers anonymously in real time.
A2X, South Africa’s newest stock exchange, went live with three listings and four members. A2X offers listing and secondary trading of shares. African Rainbow Capital Investments (AIL), Peregrine (PGR) and Coronation Fund Managers (CML) are the first companies to list on A2X while RMB Morgan Stanley, Peregrine, Investec and Avior Capital Markets are approved members. Nedbank, SBG Securities and Sinayo have also applied for membership
Thomson Reuters launched Fixed Income Callouts across African markets. The Fixed Income Callouts is an app on the Eikon platform to facilitate dealing.
National banking regulators will be able to apply new rule, known as net stable funding ratio or NSFR, aimed to ensure lenders hold enough long-term funding, the global Basel Committee said. Reported by Reuters.
Read more by MarketSlant Editor