Derivatives traders to get one-year market access in no-deal Brexit
December 12, 2018--Brussels seeks to avoid financial turmoil should Britain crash out of the EU.
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Source: FT.com
UK business leaders urged to upgrade cyber security
December 10, 2018--International cyber criminals pose as great a threat as Russia, says British spymaster
British business leaders need to extend their cyber security defences beyond the threat posed by Russia to other states and criminal syndicates, one of the UK's leading spymasters has warned.
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Source: FT.com
Monday Morning Memo: U.K. Treasury Paves Way for UCITs Funds and a "No-Deal" Brexit
December 10, 2018--The U.K. treasury has introduced a safety net for mutual funds and alternative investment sub-funds under the UCITs regulations in case of a "no-deal" Brexit.
Contrary to its previous plans, the U.K. treasury will also extend temporary permissions to funds which are to be launched after March 29, 2019. This is as long as at least one of the sub-funds of the respective umbrella was registered for sale in the U.K. prior to that date.
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Source: Detlef Glow, Head of EMEA Research, Lipper
Eurex adds Flow Traders as FX derivatives liquidity provider
December 10, 2018--Flow Traders will provide liquidity for the Eurex FX futures and rolling spot FX futures products.
Eurex Group has added Flow Traders as a liquidity provider for its foreign exchange (FX) futures products.
Flow Traders joins the list of FX liquidity providers for Eurex FX futures products, and will provide liquidity throughout the range of monthly and quarterly deliverable FX futures, as well as non-deliverable rolling spot futures.
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Source: thetradenews.com
Flow Traders NV: Dennis Dijkstra proposed for reappointment as sole CEO, CFO Marcel Jongmans steps down
December 7, 2018--The Supervisory Board has assessed the Management Board's profile and composition following Sjoerd Rietberg's earlier announcement not to opt for reappointment at the 2019 AGM. In consultation with the Management Board, the Supervisory Board has decided to propose to the upcoming AGM to reappoint Mr. Dijkstra as Flow Traders' sole CEO.
Marcel Jongmans has decided to step down to pursue other opportunities. His duties will be
assumed by his fellow Management Board members with immediate effect.
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Source: Flow Traders
Financial services exports to EU face 59% fall
December 7, 2018--Britain's exports of financial services to the EU could fall by almost 59 per cent as a result of leaving the single market, marking a "sea change"..
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Source: FT.com
Correction: DMG Mori AKTIENGESELLSCHAFT remains in SDAX
December 6, 2018--Deutsche Börse announced on Wednesday that DMG Mori AG will be excluded from the SDAX index on 27 December 2018 according to the fast exit rule. This information is not correct; DMG Mori AKTIENGESELLSCHAFT remains in SDAX.
Accordingly, VARTA AG will not be included in the SDAX index. Other changes to the MDAX or SDAX are not affected. There will also be no changes in the DAX and TecDAX indices. The next date for the scheduled review of the share indices of Deutsche Börse AG is 5 March 2019.
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Source: Deutsche Börse Group
Carl Zeiss Meditec AG to be included in MDAX
December 5, 2018--On Wednesday, Deutsche Börse announced changes to its selection indices, which will become effective on 27 December 2018. The shares of Carl Zeiss Meditec AG will be included in the MDAX index and will replace the shares of CTS Eventim AG & CO.
KGaA, which will be included in the SDAX index. The exclusion of CTS Eventim AG & CO. KGaA is based on the fast exit rule; Carl Zeiss Meditec AG is eligible for the index inclusion due to its market capitalisation and order book turnover.
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Source: Deutsche Börse Group
National Statistics: UK official holdings of international reserves: November 2018
December 5, 2018--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: HM Treasury
LSEG to shutter EQD business, pivots to interest rate products
December 5, 2018--The London Stock Exchange Group has decided to shut down some product lines in its equity derivatives business as it focuses on its interest rates offering
The decision was made as LSEG decided to focus on CurveGlobal, its interest rate derivatives platform. The platform has been a big player in the industry push to move away from Ibor benchmarks and to risk-free reference rates.
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Source: globalcapital.com
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