MarketVoice News
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SEC Hacked
Jay Clayton, the chairman of the Securities and Exchange Commission, revealed on Sept. 20 that hackers gained access to the agency's EDGAR system for corporate filings and might have used the information for trading purposes.
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Capital Markets Fintech: Venture Capital Investment on Track for Record High
In recent years, venture capital funds have made sizeable investments in new and emerging companies that are aiming to transform financial services through the use of innovative technologies. According to estimates published by KPMG, $13.6 billion was invested in fintech companies worldwide in 2016, compared to $12.7 billion in 2015 and just $1.4 billion in 2011.
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Pain Points
FIA is working with two other industry bodies—SIFMA Asset Management Group, which represents buyside institutions, and the International Securities Association for Institutional Trade Communication, which develops standards for trade processing and related communications—to discuss "pain points" in post-trade processing of cleared derivatives.
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Sponsored Content
The Market Never Sleeps: The Success of Extended Trading Hours at JPX
Japan, the land of the rising sun, is home to one of the first global financial centers to open each day. But trading does not end when the sun goes down.
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Relief for Hedgers
Bank Negara Malaysia has issued a supplementary notice which provides additional hedging flexibility for participants in the crude palm oil market.
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Chart of the Month: Mapping the Flows from SEFs to CCPs
IN 2016, THE CFTC implemented new guidelines for data reported by swap execution facilities on their trading activity.
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MiFID Compliance: FIA Offers Template for Due Diligence Assessment of DEA Clients
FIA’s European E-Trading Committee, working in cooperation with three other industry trade associations, has produced a template of questions for use by investment firms providing direct electronic access to their clients.
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Enforcement Trends: CFTC Fines Bank of Tokyo for Spoofing but Rewards Bank for Cooperation
On Aug. 7, the CFTC announced a settlement with The Bank of Tokyo-Mitsubishi UFJ for engaging in "multiple acts of spoofing" in interest rate futures listed on the Chicago Mercantile Exchange and the Chicago Board of Trade.
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Commodity Exposure with an Indian Flavor
Multi Commodity Exchange of India, the country's top trading venue for commodity futures, announced an agreement in July with Thomson Reuters to launch co-branded commodity indices.
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Basel Committee Analyzes Impact of Technology Innovation
The Basel Committee on Banking Supervision released a consultative document in August on the implications of fintech for the financial sector. The report assessed how technology-driven innovation in financial services may affect both the banking industry and its supervisors, and asks for feedback on "10 key observations" about the fintech trend and related recommendations for banks and bank supervisors. The report included three case studies focused on technology developments (big data, distributed ledger technology, and cloud computing) and three on fintech business models (innovative payment services, lending platforms and neo-banks). The report also described some of the ways in which bank supervisors have responded to fintech, including the formation of accelerators and sandboxes.
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