The Financial Industry Regulatory Authority (FINRA) today made available to member firms its first monthly cross-market equities supervision report cards, aimed at helping firms identify and halt spoofing and layering activity.
read more...FINRA Issues First Cross-Market Report Cards Covering Spoofing And Layering - New Equities Supervision Reports Are Designed To Help Firms Spot And Halt Potential Manipulation
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FIA President: Basel Capital Requirements Will Harm End-Users
FIA President and CEO Walt Lukken testified today at a hearing on the impact of capital and margin requirements on end-users, held by the House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit.
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5th Building African Financial Markets (BAFM) Capacity Building Seminar, Mr. Oscar N. Onyema, OON, President, African Securities Exchanges Association (ASEA) 28, April 2016, At 9.15AM
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CBOE Livevol Launches New Data Shop Website - Website Provides Users Greater Flexibility In Customizing Historical Data Sets, Recurring Data Subscriptions
The Chicago Board Options Exchange® (CBOE®) today announced that it has launched a new website, CBOE Livevol Data Shop, which offers clients a full suite of uniquely customizable market data sets.
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Egyptian Exchange: Ringing Of Bell Ceremony & Signing Agreement Of Cooperation With Bahrain Bourse
As part of consolidating the economic relations between Egypt and Bahrain, The Egyptian Exchange (EGX) signed today a cooperation agreement with Bahrain Stock Exchange in order to facilitate the dual-listing between the two exchanges as well as to cooperate in strengthening the technological infrastructure and informatics of Bahrain Exchange, thus to facilitate the investments’ flow between the two countries.
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Hong Kong's Securities And Futures Commission: Licence Applicant Convicted Of Providing False Information To SFC
The Eastern Magistrates’ Court today convicted Mr Chiu Sing Ho of making false or misleading representations in his two licence applications to the Securities and Futures Commission (SFC).
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EEX New Participant: Vendohm Ltd.
Vendohm Ltd. has been admitted to exchange trading for Phelix Futures/ Options, French Financial Power Futures/ Options, Italian Financial Power Futures/ Options, Nordic Financial Power Futures/ Options, Spanish Financial Power Futures/ Options, Swiss Financial Power Futures and Belgian Financial Power Futures.
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TOM MTF Statistics Week 17, 2016
Click here to download the weekly statistics update of TOM MTF for week 17, 2016.
In week 17 a total of 332,306 equity and index option contracts were traded resulting in a TOM MTF market share versus Euronext of 39%
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Moscow Exchange: BRENT Futures (BR-5.16) Settlement Price On 4 May 2016
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Borsa Ä°stanbul Derivatives Market (VIOP) Continues To Provide The Most Liquid Contracts In The Region
Borsa Ä°stanbul VIOP derivatives contracts was placed among the top 10 in the world, as the most liquid currency and index futures contracts, according to the “WFE/IOMA 2015 Derivatives Market Review” prepared by World Federation of Exchanges (WFE) and International Options Market Association (IOMA). WFE/IOMA 2015 Derivatives Market Review evaluates global derivatives markets and shares broad indicators on derivatives products being traded in organized markets.
Borsa Ä°stanbul USD/TRY Futures contracts was placed 9th among the most liquid currency futures contracts in the world and BIST30 Index Futures was placed as 8th among the most liquid index futures contracts in the world. The reports’ above mentioned high level placement of Borsa Ä°stanbul VIOP derivatives contracts is noteworthy as an indicator of the importance of Turkish derivatives markets in the world.
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S&P Dow Jones Indices Market Attributes Index Dashboard: Europe
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European CCPs Stand The Test
The European Association of CCP Clearing Houses (EACH) welcomes the results of ESMA’s ‘EU-wide CCP Stress test 2015’.
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CFTC Commitments Of Traders Reports Update
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Weekly Top 5 Papers â April 29, 2016
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Treasury Releases Report On Foreign Exchange Policies Of Major Trading Partners Of The United States - Implements Intensified Evaluation Provisions Of The Trade Facilitation And Trade Enforcement Act Of 2015, Establishes New âMonitoring Listâ For Enhanced Analysis
The U.S. Department of the Treasury today released a report on the Foreign Exchange Policies of Major Trading Partners of the United States. This updated report reviews developments in international economic and exchange rate policies and is submitted to Congress pursuant to the Omnibus Trade and Competitiveness Act of 1988, 22 U.S.C. § 5305 and Section 701 of the Trade Facilitation and Trade Enforcement Act of 2015.
This Report is the first to implement the new provisions of the Trade Facilitation and Trade Enforcement Act of 2015, also known as the Customs Bill. The provisions of the Act provide the United States with valuable new reporting and monitoring tools, as well as new measures to address unfair currency practices. These new tools significantly enhance Treasury’s ability to undertake a data-driven, objective analysis of a country’s foreign exchange policies and their impact on bilateral trade with the United States and the broader multilateral trade position. The Report also describes the factors Treasury used to assess, under the Act, whether a country that is a major trading partner of the United States has: (1) a significant bilateral trade surplus with the United States, (2) a material current account surplus, and (3) engaged in persistent one-sided intervention in the foreign exchange market.
The Report highlights that, underpinned by robust job creation and resilient domestic demand, the U.S. economy grew at a solid pace of 2.4 percent in 2015. Outside of the United States, growth in other advanced economies was more disappointing and emerging market economies are facing significant headwinds from low commodity prices, weak trade growth, and internal cyclical dynamics. Most projections for 2016 point to the continuation of modest growth abroad.
Based on the new tools provided under the Act, this report also establishes a new “Monitoring List” which finds that five major trading partners of the United States – China, Japan, Korea, Taiwan, and Germany – met two of the three criteria for enhanced analysis. No economy currently meets all three criteria. Accordingly, Treasury is not undertaking enhanced analysis for any country.
The Report notes that China has both a significant bilateral trade surplus with the United States and a material current account surplus. China has intervened heavily in the foreign exchange markets in recent months to support the RMB, after strong downward market pressure triggered by a surprise change in China’s foreign exchange policy last August. More clarity over exchange rate goals would help to stabilize the market.
The Report points to Japan’s significant bilateral trade surplus with the United States and material current account surplus. Japan has not intervened in the foreign exchange market in over four years. Treasury assesses that current conditions in the dollar-yen foreign exchange market are orderly, and reiterates the importance of all countries adhering to their G-20 and G-7 commitments regarding exchange rate policies.
Korea has a significant bilateral trade surplus with the United States and a material current account surplus. Treasury estimates that during the second half of 2015 through March 2016, the Korean authorities intervened to resist depreciation of the won during periods of financial market turbulence, representing a shift from several years of asymmetric intervention to resist appreciation. The report urges Korea to limit its foreign exchange intervention only to circumstances of disorderly market conditions and to increase the transparency of its foreign exchange operations.
Taiwan has a material current account surplus and, per Treasury estimates, has engaged in persistent net foreign currency purchases through most of 2015. The Report calls on the authorities to limit foreign exchange interventions to the exceptional circumstances of disorderly market conditions, as well as increase the transparency of reserve holdings and foreign exchange market intervention.
Germany has both a significant bilateral trade surplus with the United States and a material current account surplus. Germany has the second largest current account surplus globally which represents substantial excess saving—more than 8 percent of GDP—that could, at least in part, be used to support German domestic demand.
Treasury will closely monitor and assess the economic trends and foreign exchange policies of the economies on the Monitoring List.
Based on the analysis in this report, the Treasury Department has also concluded that no major trading partner of the United States met the standard of manipulating the rate of exchange between its currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade as identified in Section 3004 of the Act during the period covered in the Report.
The Report underscores the essential importance of comprehensive adherence to all G-7, G-20 and International Monetary Fund exchange rate commitments. These include the G-7 commitments to orient fiscal and monetary policies towards domestic objectives using domestic instruments and to not target exchange rates, and that economies should use all available policy tools to boost demand. In February 2016 and again in April, the G-20 Finance Ministers and Central Bank Governors endorsed this view, stating that G-20 countries “will use all policy tools—monetary, fiscal and structural—individually and collectively” to foster confidence and preserve and strengthen the recovery.
The full report, along with past reports, is available here.
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Applying IFRS Standards, 4th Edition
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Planning a Successful Future: Managing to Be Wealthy for Individuals and Their Advisors
Planning a Successful Future empowers advisors and clients to take control of their money and manage their income to achieve their financial goals. Written by the father of fee-only financial planning, this book features real-life stories and examples from over three decades in the industry to illustrate how financial planning works and the best way to create your strategy
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Wiley Not-for-Profit GAAP 2016: Interpretation and Application of Generally Accepted Accounting Principles
Wiley Not-for-Profit GAAP 2016 is a thorough examination of the authoritative standards for measurement, presentation and disclosure as applied to not-for-profit organizations. Due to these organizations' unique characteristics, not-for-profit accountants must adhere to specific Generally Accepted Accounting Principles (GAAP). These requirements are complex and ever evolving
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Trading on Sentiment: The Power of Minds Over Markets
In his debut book on trading psychology, Inside the Investor’s Brain, Richard Peterson demonstrated how managing emotions helps top investors outperform. Now, in Trading on Sentiment, he takes you inside the science of crowd psychology and demonstrates that not only do price patterns exist, but the most predictable ones are rooted in our shared human nature.
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Positive Psychology and Change: How Leadership, Collaboration, and Appreciative Inquiry Create Transformational Results
Positive Psychology and Change explores how areas of positive psychology such as strengths, flow, and psychological capital can be applied to the everyday challenges of leading a dynamic and adaptive work community, and how collaborative group approaches to transformational change can be combined with a positive mindset to maintain optimism and motivation in an unpredictable working environment.
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