CPSS-IOSCO Principles for Financial Market Infrastructures

Chia Network CEO Gene Hoffman to Speak at Financial Times’ Crypto and Digital Assets Summit

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Thursday, November 9, 2023

Chia Network, Inc. ("Chia" or the "Company"), founded by Bram Cohen to provide an open-source, public blockchain optimized for real-world adoption, today announced its CEO Gene Hoffman will speak at the Financial Times Crypto and Digital Assets Summit in London on December 5, 2023.

Key Points:

Chia Network, Inc. ("Chia" or the "Company"), founded by Bram Cohen to provide an open-source, public blockchain optimized for real-world adoption, today announced its CEO Gene Hoffman will speak at the Financial Times Crypto and Digital Assets Summit in London on December 5, 2023.
Hoffman will present on “ Finding crypto’s role in the global financial system ,” exploring the future of digital assets in traditional finance.
The discussion will include use cases for digital assets beyond cryptocurrency and the role of blockchain technology in the global financial system.
The event and interviews will be moderated by senior editors from the Financial Times Group and held at etc.

R3’s Corda Powers First Digital Bond Issuance on Euroclear’s Digital Financial Market Infrastructure

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Tuesday, October 24, 2023

The transaction represents a major development in Euroclear’s ongoing Distributed Financial Market Infrastructure (DFMI) initiative, harnessing the power of R3’s Corda platform to improve the transparency, speed and resilience of the bond issuance process.

Key Points:

The transaction represents a major development in Euroclear’s ongoing Distributed Financial Market Infrastructure (DFMI) initiative, harnessing the power of R3’s Corda platform to improve the transparency, speed and resilience of the bond issuance process.
The issuance took place under UK law and was successfully completed yesterday, Monday 23rd of October at 1pm BST.
The issuance of the digital bond is another example of R3’s Corda being leveraged by regulated institutions around the world to digitise the capital markets and drive innovation forward.
In addition to Euroclear, Corda is being used by hundreds of institutions to power digital finance solutions across capital markets.

Tradeweb and FTSE Russell Announce Strategic Partnership

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Wednesday, October 25, 2023

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, and FTSE Russell, an LSEG business, today announced a strategic partnership to develop the next generation of fixed income index pricing and index trading products.

Key Points:

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, and FTSE Russell, an LSEG business, today announced a strategic partnership to develop the next generation of fixed income index pricing and index trading products.
The firms aim to provide next-generation pricing across a broader range of fixed income securities, which will be administered by FTSE Russell as benchmarks.
In the coming months, Tradeweb and FTSE Russell will continue to collaborate on fixed income pricing sets to extend coverage across multiple regions and fixed income asset classes.
Over time, FTSE Russell will explore incorporating Tradeweb pricing into FTSE Fixed Income indices, starting with FTSE World Government Bond Index (WGBI), a flagship index comprised of sovereign debt from over 20 countries and denominated in a variety of currencies.

Nasdaq Study Shows Legacy Technology and Regulation Preventing Financial Institutions From Capturing Growth Opportunities

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Thursday, September 14, 2023

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NEW YORK, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today published the results of a major global survey across the post-trade ecosystem, including over 300 decision makers from exchange groups, custodians, brokers, and other service providers. The report was produced in partnership with the ValueExchange.

Key Points:

The landmark study reveals that 78% of Financial Market Infrastructure (FMI) investment budgets are dominated by maintaining and upgrading legacy technology platforms.
This is leaving very little scope for spending on growth initiatives and highlights an ever-increasing risk for the industry.
Roland Chai, Executive Vice President and Head of Marketplace Technology at Nasdaq, said: “Over decades technology debt has built up amongst infrastructure providers across financial markets.
The study finds the reach of mandatory regulatory change is the central concern for 64% of our respondents.

Canadian securities regulators initiate review of exchange-traded funds

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Thursday, August 10, 2023

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TORONTO, Aug. 10, 2023 /CNW/ - The Canadian Securities Administrators (CSA) is launching a review of exchange-traded funds (ETFs).

Key Points:

TORONTO, Aug. 10, 2023 /CNW/ - The Canadian Securities Administrators (CSA) is launching a review of exchange-traded funds (ETFs).
ETFs comprise approximately 15% of total publicly offered investment fund assets in Canada,1 and are expected to continue to grow.
The CSA's review of ETFs will also consider whether the Good Practices Relating to the Implementation of the IOSCO Principles for Exchange Traded Funds published by the International Organization of Securities Commissions in May 2023 are appropriate for the Canadian market.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Citi Appointed Global Custodian for Depósito Central de Valores, the Central Securities Depositary for Chilean Securities

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Wednesday, June 7, 2023

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Depósito Central de Valores and Citi Securities Services jointly announced today that Citi has been appointed as custodian of international securities for Depósito Central de Valores (DCV), the central securities depositary (CSD) for Chilean securities.

Key Points:

Depósito Central de Valores and Citi Securities Services jointly announced today that Citi has been appointed as custodian of international securities for Depósito Central de Valores (DCV), the central securities depositary (CSD) for Chilean securities.
The transition of the assets successfully went live on May 26th, broadening the existing relationship between Citi and DCV.
Through Citi’s extensive global network spanning more than 100 markets, DCV will be able to provide its depositors with greater and more timely access to global markets.
Citi continues to be one of the leading Financial Market Infrastructure service providers in Latin America.

ParkOhio Set to Join Russell 3000® Index

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Tuesday, June 6, 2023

Park-Ohio Holdings Corp. (NASDAQ: PKOH) is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023 according to a preliminary list of additions posted May 19, 2023.

Key Points:

Park-Ohio Holdings Corp. (NASDAQ: PKOH) is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023 according to a preliminary list of additions posted May 19, 2023.
Additionally, joining the Russell 3000® Index provides ParkOhio with increased visibility and access to a wider investor base.”
Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of April 28, 2023 ranking them by total market capitalization.
Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes.
For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website .

Tradeweb and FTSE Russell Launch Closing Prices for Euro Government Bonds

Retrieved on:

Wednesday, May 24, 2023

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has collaborated with FTSE Russell to launch benchmark closing prices for European government bonds.

Key Points:

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has collaborated with FTSE Russell to launch benchmark closing prices for European government bonds.
Calculated in accordance with the EU Benchmark Regulation, Tradeweb FTSE Euro Government Bond Closing Prices are available from Tradeweb and provide end-of-day reference prices for Euro-denominated nominal bonds issued by Austria, Belgium, Finland, European Union, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal and Spain.
Tradeweb is the Calculation Agent and FTSE Russell is the Benchmark Administrator for Tradeweb FTSE Euro Government Bond Closing Prices.
Tradeweb FTSE Euro Government Bond Closing Prices follow the same robust calculation methodology as Tradeweb’s well-established U.K.

Lukka Announces IOSCO Statement of Adherence for Lukka Prime Following Big 4 Accounting Firm Review

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Thursday, May 4, 2023

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NAPLES, Fla., May 3, 2023 /PRNewswire/ -- Lukka, the leading institutional crypto data and data management provider, has published its IOSCO Statement of Adherence, for Lukka Prime, which is supported by a review performed by an independent Big 4 accounting firm. Lukka's IOSCO Statement of Adherence describes the governance, quality, and accountability policies, procedures, and controls implemented for Lukka Prime (the "Benchmark").

Key Points:

NAPLES, Fla., May 3, 2023 /PRNewswire/ -- Lukka, the leading institutional crypto data and data management provider, has published its IOSCO Statement of Adherence, for Lukka Prime, which is supported by a review performed by an independent Big 4 accounting firm.
Lukka's IOSCO Statement of Adherence describes the governance, quality, and accountability policies, procedures, and controls implemented for Lukka Prime (the "Benchmark").
With the addition of IOSCO, Lukka further emphasizes its commitment to ensuring customer trust to establish financial transparency for their customers.
Lukka is, and will continue to be, adherent to the IOSCO Principles to support and accelerate innovation in building the infrastructure for the future of global commerce.

Bosonic Launches Cross Custodian Net Settlement

Retrieved on:

Friday, December 9, 2022

Cross Custodian Net Settlement (CCNS) enables custodians to net settle on behalf of all their institutional clients who are either trading on the Bosonic Network, or trading on other digital asset venues that are using Bosonic Enterprise for clearing and settlement and connecting to Cross Custodian Net Settlement via their preferred custodians.

Key Points:

Cross Custodian Net Settlement (CCNS) enables custodians to net settle on behalf of all their institutional clients who are either trading on the Bosonic Network, or trading on other digital asset venues that are using Bosonic Enterprise for clearing and settlement and connecting to Cross Custodian Net Settlement via their preferred custodians.
Rosario Ingargiola, CEO, Bosonic commented: This is a pivotal moment in the industry where CCNS will effectively eliminate counterparty credit and settlement risk in digital asset markets with atomic exchange, both trader-trader in real-time, and now custodian-to-custodian for net settlement movements.
Bosonic technology and the role of the custodian makes digital assets safer for institutional clients and fiduciaries.
Tetra Trust is excited to partner with Bosonic on their Cross Custodian Network to create a safe, secure and efficient way for institutional investors to transact.