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The European Securities and Markets Authority (ESMA) has published a Discussion Paper setting out its initial views on the implementing measures it will have to develop for the new Market Abuse Regulation (MAR).
MAR aims to enhance market integrity and investor protection. It will achieve this by updating and strengthening the existing market abuse framework, by extending its scope to new markets and trading strategies, and by introducing new requirements.
The Discussion Paper presents positions and regulatory options on those issues where ESMA will have to develop MAR implementing measures, likely to include regulatory technical standards, delegated acts and
Traiana, a provider of pre-trade risk and post-trade processing solutions, has created a hub for its Asia Pacific business by opening a new office in Singapore.
Andy Coyne, chief executive of Traiana, says: “Opening an office in Singapore is very exciting for us as it underlines our commitment to the region. We will be better able to support our growing client base of global and local financial institutions by providing best in class client services and capitalizing on the new opportunities for growth that we see in the region.”
Michael Verkuijl (pictured), global head of sales at Traiana, says: “Asia
The number of catastrophe or cat bonds outstanding could more than double from the current level of USD19bn to USD50bn by the end of 2018, according to a report from BNY Mellon.
Cat bonds – which are growing at their fastest pace in six years – are risk-linked securities that transfer a specified set of risks associated with hurricanes or earthquakes from an insurer or a nation state, to investors.
The study: “The disaster gap: How insurers and the capital markets can harness big data to close the gap”, includes contributions from some of the world’s leading experts on
Midland IRA has been added to FNEX’s self-directed IRA network.
FNEX platform users can invest their retirement funds in a multitude of private securities and managed accounts rather than being limited only to the public stock and bond markets.
FNEX announced the launch of FNEX.com, an online marketplace for alternative investments, including placements in private companies, hedge funds and managed futures accounts, in September 2013. The web-based platform provides accredited investors, family offices and institutions access to investment opportunities offered by investment banks and funds across the US.
“We continue to remain focused on delivering the necessary tools
Barclays has launched an enhanced Legal Segregation with Operational Commingling (LSOC) with Excess model at CME Clearing for its over-the-counter (OTC) derivatives clearing clients.
Barclays has worked closely with multiple clearing houses to develop and meet client demand for an enhanced LSOC with Excess model, which allows client-specific excess value to be used to cover margin requirements, including a client’s variation loss.
Clients will benefit from a stronger level of collateral protection on excess balances held at the clearing house and greater operational simplicity.
“The enhanced LSOC with Excess model means that we can not only offer clients
Torstone Technology, a provider of securities and derivatives processing software to the global financial markets, is opening a Singapore office.
In response to increasing customer demand, setting up a local Singapore office will enable Torstone to provide multi-asset post-trade processing technology to local brokers and investment banks in the region.
This further underlines the company’s continued commitment and expansion in Asia following Torstone’s success in Tokyo, Hong Kong and Myanmar.
Brian Collings, CEO of Torstone Technology, says: “Through the continued globalisation of markets, we’re seeing a marked increase in demand for new, more flexible solutions. The multi-asset capabilities
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Steven Ferrigno (pictured), Managing Director EMEA for Allegro Development Corporation, comments on Monday’s announcement from the European Securities and Markets Authority (ESMA) regarding the reporting deadline for EMIR, the European Market Infrastructure Regulation regime…
After months of wait-and-see, ESMA fired the starting gun on Monday for its much-discussed EMIR energy derivatives regulatory scheme, registering four new trading repositories and setting a firm reporting obligation for energy market participants starting 12th February 2014.
Also on Monday, the EU rejected ESMA’s draft implementing technical standard for EMIR. So reporting will begin on 12-February 2014 for transactions executed both on, and off,
BNY Mellon as expanded its global markets capabilities with the launch of a new Asia-Pacific capital markets business through The Bank of New York Mellon Securities Company Japan Ltd, based in Tokyo.
The company is now able to provide dealing services on an agency basis across a broad range of fixed income and equity securities for institutional clients in Japan and certain other countries in the Asia-Pacific region.
The company has added a nine-strong team of broker-dealer and capital markets specialists to its existing foreign exchange services capabilities in Tokyo. The new team is led by Eiichiro (Eric) Masaki
CBOE Holdings is to launch futures and options on the CBOE Russell 2000 Volatility Index in the coming weeks.
CBOE Futures Exchange (CFE) will begin trading the futures (VU) on 18 November, and Chicago Board Options Exchange (CBOE) plans to introduce trading in the options (RVX) on 2 December.
The Russell 2000 Index is a measure of the performance of small-capitalisation US stocks and an effective gauge and play on the health of the US economy – 84 per cent of the revenues generated by the companies in the index come from within the US.
VU futures and
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