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9/21/2018

A report from the New York attorney general's office that alleges "pervasive conflicts of interest" among cryptocurrency venues has drawn criticism from trading platforms.

9/21/2018

Only 12% of US investors allocate at least 1% of their portfolio to sustainable investments, according to a UBS report, the lowest participation rate among 10 countries studied and well below the global average of 39%. However, of US investors who have adopted sustainable investing, the average allocation is 49%, above the global average of 36%.

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UBS
9/21/2018

The Securities and Exchange Commission is asking for additional public comment on the listing of bitcoin exchange-traded funds proposed by Van Eck Securities and SolidX Management. The SEC said it has received over 1,400 comments on the proposal and has postponed its decision expected Sept. 30 until February.

9/21/2018

Total over-the-counter derivatives notional increased 2%, or $4.3 trillion, in the second quarter to reach $222 trillion at the eight US global systemically important banks. The aggregate amount rose 17%, or $32 trillion, during the first half of the year.

9/21/2018

Trump administration tariffs on $200 billion in Chinese imports set to take effect Monday are likely to hit small merchants especially hard, and many say they'll either have to raise prices or lose profits on the goods they sell.
"[T]he smaller you are, the more vulnerable you are to the impact," NRF's David French said.

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NRF, David French
9/21/2018

In 2017, the $100 bill passed the $1 bill in circulation popularity for the first time. The reason may be that many people are choosing to save large bills, stashing them at home instead of in financial institutions, the Federal Reserve Bank of Richmond says.

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Quartz
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Federal Reserve Bank
9/21/2018

More guidance is being offered by the International Swaps and Derivatives Association for dealing with foreign exchange, interest rate, equity and commodity derivatives contracts in the event that certain interbank offered rates cease to exist or are materially changed.

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ISDA
9/21/2018

The UK Financial Conduct Authority's use of sandboxes to support the development of new financial technology is anti-competitive because some firms could be at a disadvantage, representatives of French and German regulators told a panel. "We'd rather support an approach where we create a single point of contact," said Deutsche Bundesbank board member Joachim Wuermeling.

9/21/2018

Shanghai Futures Exchange's launch of copper options today reportedly drew Swiss trading house Trafigura as one of the first to trade the contracts among the 120 participants that took part. Nearly 8,000 contracts changed hands in the morning session, equal to 40,000 tons of copper and estimated to be worth $292 million.

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Reuters
9/21/2018

The Shanghai Futures Exchange will propose a futures contract for alumina this year or early next year that would compete with CME Group's contracts. The exchange is also exploring stainless steel and aluminum alloy futures, although it takes a long time to launch a new contract in China, said SHFE's Zhang Zhiyong.

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Reuters