Exchange Newswire: CFTC Looks into Bank Swap Deals

 Exchange Newswire

 

November 2, 2016

http://erdesk.com/newswire.html

HKEx reported EPS of HK$1.27 (-35% y/y) on revenues of HK$2.6b (-17% y/y) and OpEx of HK$834 (-5% y/y)

ICE will appeal a UK antitrust ruling on Trayport acquisition, according to FT. ICE said the competition authority's decision was “simplistic”.

BATS completed its acquisition of Javelin SEF. Javelin has been integrated with Bats Hotspot, in order to enable trading in NDFs.

NDAQ launched Nasdaq trading Insights, a product suite designed to help traders better understand how they perform in the market, how the market behaves, and how they can adjust their strategies to be more successful.

BSE received in-principle approval from the SEBI to set up an international exchange at GIFT city. BSE plans to launch the exchange in 2017.

Thomson Reuters plans to cut 2k jobs across its global operations to save $200m -$250m

Ripple, the blockchain firm, appointed Brad Garlinghouse as CEO. Current CEO Chris Larsen will become executive chairman of the BoD.

UK FCA recent study shows that execution quality in FTSE 100 components based on volume, quote spread, effective spreads, price impact and quoted depth, improved in the last five years.

CFTC launched an industry-wide investigation into large interest rate swaps dealers.  CFTC said Citigroup is "cooperating with the investigation”.

OTC market: LCH will provide a new venture in the non-cleared derivatives for centralised trade processing, valuation, margining, risk calculation and optimization, with the backing of some of the world’s largest swaps dealers such as BAML, Barclays, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley and UBS.

BaFin President Felix Hufeld said Basel IV draft bank rules are unacceptable for Germany.

Fintech: the Australian Securities and Investments Commission (ASIC) and the Ontario Securities Commission (OSC) sign an agreement to jointly enable innovative Fintech companies to operate in each other’s market. Reported by Finance Magnates

Fintech: Abu Dhabi Global Market (ADGM) will promote local and international financial technology companies, by enabling them to use a lighter ‘RegLab’ framework for up to two years to incubate their products without being subject to the full regulatory regime of ADGM.

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