B3 : the lower chamber of CARF canceled the tax assessment issued by the Brazilian Federal Revenue Service, which challenged the amortization for tax purposes, in the tax years of 2010 and 2011, of the
IEX said regulators should require stock exchanges to disclose more about the money they earn from market data sales to help shed light on rising industry costs and potential conflicts of interest; according to Reuters.
B3 appeals against the Marka and Fontecindam case was accepted, excluding B3 liability for the reimbursement of alleged damages suffered by the Treasury.
SGX increased investment in SGX Bond Trading by increasing share capital of SGX-BT from SGD30m to SGD55m; according to Reuters.
TFX decided to suspend trading of Over-Night Call Rate Futures in light of the recent low interest rate environment in the financial markets.
LSE : TORA, the cloud-based order and execution management system provider, has joined LSEG's UnaVista Partner Programme to help clients meet the transaction reporting requirements of MiFID II.
DB1 : Eurex Deutschland and Eurex Zürich to introduce five new single stock dividend futures on dividends of Nordic stocks and new single stock dividend futures into the designated market-making scheme for single stock dividend futures on dividends of non-constituents of the EURO STOXX50 index (non-EURO STOXX 50 package), with effect from 3-Jul.
BME Fondos, the new segment for the subscription, redemption and transfer or investment funds, will be launched on July 7.
BSE : Central Depository Services India (CDSL) IPO subscribed nearly 170 times on last day of issue, according to LiveMint.
LSE purchased 61k shares at 3,752p per share, as part of its £200m repurchase program. Total purchases add 2.59m shares up to date.
Citadel Securities seeks to handle a greater share of the US Treasury market, including off-the-run issues.
NEO Connect , Canada’s new fund distribution platform, announced that the AUM of funds transacted on it exceeded the $200m mark.
Renaissance Technologies is concerned about CFTC getting its trading source code as it might not be secure in the government’s hands, according to NY Post.
Brexit : Nomura Holdings chooses Frankfurt as EU base after Brexit. One of their smaller rival Daiwa Securities will also set up in this German city.
FX : Barclays' strategies said US interest rates would probably prop the dollar up over the next 18 months. Reported by Reuters.
HK : MSCI decision to include the A-share index would cause the inflow of $17b-$18b into the domestic equity market and inflows may reach $340b if A-shares are wholly included in the MSCI indices, according to ChinaDaily.
European Commission drafted a proposal for a delegated act to tighten the definition of Systematic Internalizer (SI), according to FT. The EU Commission seeks to avoid riskless business in which SIs immediately offload business that they take on to their accounts.
ASIC released report ‘Review of compliance with asset holding requirements’.