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US SEC requests comment on MMF reform options
05 February 2021 US
Reporter: Natalie Turner

The SEC has requested industry comment on potential reforms to improve the resilience of money market funds in the wake of the 2020 COVID-disruption

Korea exchange launches task force in pursue illegal short selling crackdown
05 February 2021 South Korea
Reporter: Drew Nicol

The “special team” will be formed this month and aims to strengthen oversight of short sellers, while market makers also face a host of new stringent trading restrictions

Eurex Repo reports both GC Pooling and Repo markets volumes are down
05 February 2021 Germany
Reporter: Natalie Turner

Eurex Repo has recorded that volumes are down in January for both the GC Pooling and Repo markets

GameStop was January’s biggest earner, global revenue starts strong
04 February 2021 US
Reporter: Natalie Turner

According to IHS Markit, January was most revenue generating month for US equity finance on record, with $41 million of the $453 million total coming from GameStop’s short squeeze

MarketAxess reveals increase in the monthly trading volume for January 2020
04 February 2021 US
Reporter: Maddie Saghir

MarketAxess has reported its monthly trading volume for January 2021 totalled $575.3 billion, which consisted of $236.5 billion in credit volume and $338.8 billion in rates volume

AcadiaSoft acquires Quaternion to bolster risk management capabilities
04 February 2021 UK
Reporter: Natalie Turner

The Quaternion division of AcadiaSoft will be led by its co-founders CEO Donal Gallagher, and chief technology officer Roland Lichters

South Korea extends short selling ban
04 February 2021 South Korea
Reporter: Drew Nicol

FSC chair Eun Sung-soo has confirmed the ban will not expire in March but will remain until 2 May, at which point short selling may resume on KOSPI 200 and KOSDAQ 150 stocks

WeMatch appoints Shane Martin
04 February 2021 UK
Reporter: Natalie Turner

Martin has joined WeMatch from JPMorgan Chase to take on the newly-created role of head of sales, securities finance

ISLA: CSDR buy-ins may deter asset owners from lending
03 February 2021 UK
Reporter: Drew Nicol

To avoid damaging market liquidity and stability, the trade body suggests the CSDR settlement discipline regime should be split in two, with cash penalties going live in February and the buy-ins held pending a “in-depth assessment"

CSDR consultation: EACH calls for delays to settlement discipline regime
03 February 2021 Brussels
Reporter: Becky Bellamy

EACH explains that a delay to CSDR’s SDR would provide market infrastructures and other market participants sufficient time to implement and would also avoid unnecessary duplicative implementation costs

BNY Mellon opens Spain office, Giralt to lead
03 February 2021 Spain
Reporter: Natalie Turner

Mariano Giralt will assume the role of branch manager and Ana Arias will be deputy branch manager of BNY Mellon’s new Madrid office

BrokerTec’s trading platform migrates to CME Globex
03 February 2021 US
Reporter: Natalie Turner

CME Group has confirmed the completion the migration of BrokerTec’s US treasuries benchmark trading and repo platform to Globex