The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs’ Sustainability Survey reported growing investor demand for ESG disclosure. The WFE sustainability survey encapsulates the extent of the engagement of its members in Environment, Social and Governance (ESG) issues across developed and emerging markets. The survey is carried out annually. The WFE and industry track the evolution the development and growth of its members’ commitment to ESG issues.
German financial reporting system is facing European Securities and Markets Authority (ESMA) assessment after Wirecard collapse. The ESMA plans to conduct an assessment of the supervisory response in the financial reporting operation of BaFin and the Financial Reporting Enforcement Panel (FREP) to the events leading to the collapse of the German payments group Wirecard AG. The assessment is expected to complete on 30 October 2020. The ESMA believes that the Wirecard’s collapse undermined investor trust and the assessment of the events will help restore the investors’ confidence.
Global exchange holding company Cboe Global Markets, Inc. announced its plans to begin trading in Mini Cboe Volatility Index (VIX) futures on Cboe Futures Exchange (CFE) from 10 August 2020. The new contract builds on the VIX futures’ success and responds to investors’ demand for wider variety of tools to gain direct exposure to the VIX Index. New Mini VIX futures will be structured like the standard VIX futures contract but will be one tenth of its size with a $100 multiplier. The smaller notional value of the mini contract aims add flexibility in volatility risk management and greater precision in allocation among smaller, managed accounts.
Multi-asset enterprise financial services technology solutions provider oneZero Financial Systems announced the appointment of Jamie Rose as director of Relationship Management. At his new position, Rose will be responsible for developing and managing key client relationships in the UK and Western Europe to support the expansion of oneZero’s presence in these markets. Rose brings to oneZero extensive institutional experience and industry expertise. Prior to joining the company, the served as head of eFX at Xenfin and Marex Spectron, in addition to previous roles at Dresdner Kleinwort Wasserstein and FXall.
Investment services provider SquaredFinancial announced the launch of its partnership programme to encourage brokers to introduce traders to SquaredFinancial services and products. Through single or multi-tier referrals, SquaredPartner will allow individuals or corporations to grow their business. This provides their clients with all the benefits of trading with Squared.
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