CME lost a shareholder vote on its proposal to eliminate six directors on its board representing traders. The company failed to win a majority of B shareholder votes in any one of three categories, according to Crain’s Chicago Business.

ICE Data Services was selected as the new benchmark provider for BlackRock’s iShares US Preferred Stock ETF (PFF), which currently represents $14.7b in AuM.

DB1: Eurex Clearing proposed a revision of its rulebook to increase flexibility in functional set-ups accompanied with a facilitated on-boarding process. Eurex Clearing will terminate all tri-partite clearing agreements entered into with Clearing Members and current non-clearing members and registered customers under the elementary clearing model provisions.

DB1 and specialists of the Frankfurt Stock Exchange will donate the transaction and trading fees collected on St. Nicholas Day (6 December) via the Börse Frankfurt venue to charitable organisations.

SIX: European Commission Vice President Valdis Dombrovskis said in a letter that “at this point in time there is not sufficient progress in our discussions with the Swiss authorities to allow for the extension of the equivalence decision for Swiss stock exchanges beyond December 2018.” No accord on equivalence rules by the end of December would result in SIX Swiss Exchange losing access to EU business, according to Reuters.

SIX announced the completion of the acquisition of SIX Payment Services by Worldline. As part of this transaction SIX now holds a 27% equity stake in Worldline and will take two seats in the Worldline Board of Directors.

SIX: the Swiss Federal Council adopted an ordinance to introduce with immediate effect a new “recognition regime” for foreign trading venues which trade Swiss shares. The measure ensures that EU market participants continue to have access to the Swiss domestic market and are able to trade Swiss equities there. The ordinance was adopted due to the fact that the EU Commission has not yet decided to extend the equivalence recognition of Swiss legal and supervisory framework for trading venues with that of the EU.

HKEX: a group of traders are in talks with Sigma Broking to create the first new open-outcry member of the LME since 2007.

HKEX is adding Mini-Hang Seng China Enterprises Index (HSCEI) Options to its after-hours trading.

HKEX: a group of traders are in talks with Sigma Broking to create the first new open-outcry member of the LME since 2007.

SGX and Nanhua Futures will be working together to help investors capture investment opportunities related to China’s Belt and Road Initiative (BRI). SGX Index Edge will work with Nanhua Fund to identify the types of indices that could be in demand by investors in China and overseas, specifically representative of the BRI. In addition, SGX and Nanhua Futures will jointly conduct and promote equity research on Singapore stocks that would be of relevance and interest to Chinese and international investors.

SGX launched the world’s first high-grade iron ore derivatives to meet demand for new risk-management tools amid a structural shift in China’s environmental policy. The SGX MB Iron Ore CFR China swaps and futures reference the 65% Fe Brazilian fines index, CFR Qingdao, provided by Fastmarkets MB.

China Financial Futures Exchange relaxed index furtures trading rules, it decreased the margin ratio for CSI300 and SSE50 index futures to 10% from 15%, decreased small cap CSI500 index futures ratio to 15% from 30%, and cut trading fees.

CME, ICE, NDAQ, CBOE will be closed on Wednesday, December 5 in honor of the national day of mourning for former U.S. President George H.W. Bush.

Brenhan Capital, an energy hedge fund, is closing as founder, John Labanwski, said he will no longer risk investor capital after losing 10.5% in 2017 and 14.7% YTD.

Bloomberg real-time data feed B-PIPE is now available on the cloud via Amazon Web Services (AWS).

Refinitiv plans to cut 2,000 jobs after its takeover by Blackstone

Port Moresby SE (POMSoX): Pacific Capital will acquire a 62.5% holding in POMSoX from Bank of South Pacific Ltd (BSP).

CFTC approved a proposed rule to revise regulation that requires certain futures commission merchants, retail foreign exchange dealers, commodity trading advisors, commodity pool operators, introducing brokers, major swap participants, and swap dealers to provide annual privacy notices to customers. Under the proposed rule these annual privacy notices would no longer be required where certain conditions are satisfied.

SEC settled charges against Floyd Mayweather and DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). Without admitting or denying the findings, Mayweather and Khaled agreed to pay disgorgement, penalties and interest in excess of what they were allegedly paid.

MAS launched a new S$30m Cybersecurity Capabilities Grant to strengthen the cyber resilience of the financial sector in Singapore and help financial institutions develop local talent in cybersecurity.

ERDesk Newswire