The UK’s Department of Business, Energy, and Industrial Strategy (BEIS) has announced that a standalone Emissions Trading Scheme (ETS) will run in the UK after Brexit, replacing the European ETS in the UK. The objective is to initially shadow the…

With up to $300bn of positions nearing expiry, some say FX swap market can meet banks’ funding needs Source: Risk feed

“Dice are rolling, the knives are out …”   In this week’s blog, we’re highlighting two more “sharks in the water”—companies with solid balance sheets, long-term growth strategies, and cash to spend on acquisitions from stressed rivals during these stressful…

TAS International SA, the wholly-owned subsidiary of TAS S.p.A., has signed a binding agreement for the acquisition of the Swiss company, Infraxis AG, and its British subsidiary, Infraxis Ltd (UK). Infraxis is a leading company in the Swiss and German…

SimCorp, a leading provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, today announces the merger of its Central Europe, Southern Europe and UK/Northern Europe/Middle East (UNM) market units, into one… Source: Bobs…

Murex, a global leader in trading, risk and back-office solutions for treasury and capital markets, has for the third successive year won Software Solution of the Year in the FTF News Technology Innovation Awards 2020. After being shortlisted by the FTF News editorial panel,… Murex…

Paper by BoE economist and co-authors backs ‘second-price’ auctions and limited penalties Source: Risk feed

Compass Plus, a global payments software and services vendor, and PayX, the internationally renowned payment specialists, have announced the availability of a new report that takes a deep dive into TranzAxis, the Open Development Payments Platform from Compass Plus. The…

Austin, TX (June 9, 2020) – Enverus, the leading oil & gas SaaS and data analytics company, has released its latest FundamentalEdge report that explores the ongoing supply response to demand destruction caused by the COVID-19 pandemic. In this report,…

Key facts New FIS Unity wealth management platform leverages advanced data analytics to give advisors rich insights into the financial needs of their multi-generational clients. FIS Unity offers a single, 360-degree picture of clients’ financial assets across multiple financial providers…

U.S. fuel ethanol production fell dramatically during late March and in April 2020, driven by significant reductions in motor gasoline demand as a result of mitigation efforts for the 2019 novel coronavirus disease (COVID-19). Fuel ethanol production fell to 537,000…

LONDON (Reuters) – Oil prices fell on Tuesday weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end voluntary output cuts. Brent crude was down 85 cents, or 2.1%…

Critics deplore lack of detail in UK taskforce’s call for parallel legal fix and synthetic rate Source: Risk feed

LIVERPOOL, UK Gen10, a leading provider of cloud commodity software, today announced the successful global implementation of their CommOS platform for the Corrie MacColl group. The implementation was completed remotely, with no visits between the Gen10 team and the four…

This week is the last week that the vendor perception survey will be open for responses. Overall, it looks like a very good response and it will be interesting to compile the results. More responses? We still seek end users…

Last week ESMA updated the opinion document on determining third-country trading venues for the purpose of position limits under MiFID II. The new document can be found here. The document relates to whether positions on third country venues (i.e. outside…

Using SOFR, borrowing could boom and revenues collapse Source: Risk feed

Canada is the largest source of U.S. energy imports and the second-largest destination for U.S. energy exports behind only Mexico. Energy is an important component of trade between Canada and the United States. In 2019, based on the latest annual…

NEW YORK (Reuters) by Jessica Resnick-Ault – Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC’s decision to bring forward to Saturday discussions on whether to extend record production cuts. Brent crude…

Christopher LaFemina is managing director, global metals and mining equities research at Jefferies LLC, a global investment bank and financial services company. He talked to Diana Kinch and Paul Hickin about metals market trends as the COVID-19 crisis gradually eases,…